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 2018-11-13T03:49:09+00:00
Global Reach (formerly FC Exchange)
Amount Received
GBP £2,084.49
AED 289.26
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Amount Received
GBP £2,087.00
AED 301.15
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OFX (prev. UKForex)
Amount Received
GBP £2,092.28
AED 326.15
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Moneycorp
Amount Received
GBP £2,071.15
AED 226.15
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saved vs. banks
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Amount Received
GBP £2,081.71
AED 276.15
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saved vs. banks
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WorldFirst
Amount Received
GBP £2,081.71
AED 276.15
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saved vs. banks
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Smart Currency Exchange
Amount Received
GBP £2,076.79
AED 252.84
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saved vs. banks
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RationalFX
Amount Received
GBP £2,077.77
AED 257.51
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saved vs. banks
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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.