Here are the latest prices for transferring money from UAE to UK
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Top 8 Money Transfer Providers
Exchange Rates as of 2019-01-21T19:03:06+00:00
Moneycorp
One-off payments | Regular payments | Great rates | Safeguarded customer funds
One-off payments | Regular payments | Great rates | Safeguarded customer funds
Amount Received
GBP £2,069.81
AED 232.49
saved vs. banks
saved vs. banks
VISIT THE SITE
Fee:
£0.00
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Speed:
1-3 days
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Bank Beating Rates
TorFX
Bank-beating FX rates | Safe and secure | Free transfers for FXcompared customers
Bank-beating FX rates | Safe and secure | Free transfers for FXcompared customers
Amount Received
GBP £2,085.65
AED 307.49
saved vs. banks
saved vs. banks
VISIT THE SITE
Fee:
£0.00
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Speed:
1-3 days
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OFX (prev. UKForex)
OFX (previously UKForex in the UK), provides secure and speedy international money transfers to over 300,000 people in 55 currencies at better-than-bank rates
OFX (previously UKForex in the UK), provides secure and speedy international money transfers to over 300,000 people in 55 currencies at better-than-bank rates
Amount Received
GBP £2,090.93
AED 332.49
saved vs. banks
saved vs. banks
VISIT THE SITE
Fee:
£0.00
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Speed:
1-3 days
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Global Reach (formerly FC Exchange)
Great rates | One-off payments | Regular transfers | E-Money Institution | No fees for FXcompared customers
Great rates | One-off payments | Regular transfers | E-Money Institution | No fees for FXcompared customers
Amount Received
GBP £2,083.14
AED 295.56
saved vs. banks
saved vs. banks
VISIT THE SITE
Fee:
£10.00
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Speed:
1-3 days
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Bank Beating Rates
Currencies Direct
Call us: 0203 018 1318
Bank-beating FX rates | Safe and secure | Free transfers for FXcompared customers
Bank-beating FX rates | Safe and secure | Free transfers for FXcompared customers
Amount Received
GBP £2,080.37
AED 282.49
saved vs. banks
saved vs. banks
VISIT THE SITE
Fee:
£0.00
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Speed:
1-3 days
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Smart Currency Exchange
Smart is focused on helping clients to effectively and efficiently send and receive payments internationally
More Info
Less Info
Smart is focused on helping clients to effectively and efficiently send and receive payments internationally
Amount Received
GBP £2,075.45
AED 259.17
saved vs. banks
saved vs. banks
VISIT THE SITE
Fee:
£5.00
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Speed:
1-3 days
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WorldFirst
Transparency and security | Great customer feedback rating from Feefo
Transparency and security | Great customer feedback rating from Feefo
Amount Received
GBP £2,080.37
AED 282.49
saved vs. banks
saved vs. banks
VISIT THE SITE
Fee:
£0.00
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Speed:
1-3 days
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RationalFX
Established in 2005, RationalFX helps individuals and businesses achieve significant savings on international payments
More Info
Less Info
Established in 2005, RationalFX helps individuals and businesses achieve significant savings on international payments
Amount Received
GBP £2,076.43
AED 263.83
saved vs. banks
saved vs. banks
VISIT THE SITE
Fee:
£4.00
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Speed:
1-3 days
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How to Transfer Money from UAE to UK
Summary
The Emirati Dirham can be converted to UK Pounds and there not any money transfer restrictions when sending money from Dubai to the UK. Dubai has become a very popular UK expat work destination given the size of the financial services sector which has attracting skilled immigration. Money flows from Dubai are predominantly composed of repatriated salary, but some money transfers flow the other way given the emirate’s appeal as an investment holiday destination.
Dubai’s links to the UK
Attracted by high salaries and low taxes, many UK professionals have chosen to move to Dubai and the United Arab Emirates of which Dubai is one. In 2012, there were some 65,000 British national working in the UAE according to a study by the UK’s Department of Work and Pensions, and the Institute of Public Policy Research. Emirates, the flagship airline of Dubai has large numbers of flights between the UK and Dubai. Emirate Airlines is also a very prominent sponsor of sport in as part of its efforts to promote Dubai.
Visas and work permits
A UK citizen planning to work in Dubai will require both a residence visa and ‘labour card.’ A medical examination will be required as part of the process. Residence visas are typically issues first and then follows the labour card which can also be used an identity card.
Although easy to renew, Residence visas are only valid for three years. New residents are advised to stay in Dubai and the wider Emirates for the first six months from moving there. There are no retirement visas in the UAE, so the limited number of British retirees there will likely have a family connection.
Buying property in Dubai
Only people who are a national of the UAE or other Gulf Cooperation Council (GCC) states, are allowed to purchase freehold property in Dubai. UK nationals are only allowed to buy property in certain specified locations. With most expats renting, it is important to be aware that tenants must pay to the municipality an annual housing fee equivalent to 5% of the rent.
The Dubai property market has rebounded since its crash several years ago. According to Knight Frank, the international property company, Brits spent AED4.5bn on property in Dubai the first half of 2014. Between 2013 and 2014 Dubai rose from the 35th to 16th most expensive city in the world to rent in for expatriates.
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FXcompared.com is an fx money comparison site for international money transfer and to compare rates from currency brokers for sending money abroad. The website and the information provided is for informational purposes only and does not constitute an offer, solicitation or advice on any financial service or transaction. None of the information presented is intended to form the basis for any investment decision, and no specific recommendations are intended. FXC Group Ltd and FX Compared Ltd does not provide any guarantees of any data from third parties listed on this website. FX compared Ltd expressly disclaims any and all responsibility for any direct or consequential loss or damage of any kind whatsoever arising directly or indirectly from (i) any error, omission or inaccuracy in any such information or (ii) any action resulting therefrom.