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Top 3 Money Transfer Providers for USA to UAE

Provider Amount Received Fee Exchange Rate Speed
OFX (US) OFX (US) AED 36,400.92 No Fee 3.6401 1-3 days more...
Venstar Venstar AED 36,419.28 No Fee 3.6419 1-3 days more...
MoneyGram MoneyGram AED 36,496.00 No Fee 3.6496 3-4 business days more...
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USA
The dollar, the world’s most traded currency, is held on a free-float exchange rate and is fully convertible to foreign currencies Read More
UAE
The United Arab Emirates (UAE) has a dense network of both domestic and foreign bank branches, which makes overseas money transfers to the UAE and transferring money from the UAE relatively simple Read More
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Top 3 Money Transfer Providers

Latest prices for transferring money from USA to UAE
Exchange Rates as of 8 July 2020, 10:15

OFX (US)

Est. 1998

OFX provides secure and speedy international money transfers to over 300,000 people in 55 currencies at better-than-bank rates.

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Amount Received
AED 36,400.92
USD $256.42
saved vs. banks

Venstar

Est. 1990
Established in 1990, Venstar is a worldwide leader in Foreign Exchange Payments and Services.
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FXcompared Rating
Amount Received
AED 36,419.28
USD $261.42
saved vs. banks

MoneyGram

Est. 1940

MoneyGram is a leading remittance provider serving countries across the globe.

 

More InfoLess Info
FXcompared Rating
Amount Received
AED 36,496.00
USD $282.31
saved vs. banks

How to Transfer Money from USA to UAE

What is in this guide

USA to UAE Guide

Summary

With expatriates accounting for about 85% of the UAEs workforce - attracted by high and tax-free professional salaries and representing over 150 nationalities - the UAE, and Dubai in particular, has become a leading source and destination of international money transfers. There are no capital controls, so it is very easy to send money to Dubai and to transfer money from Dubai. A range of providers cater to different sums and clients, from migrant worker remittances up to real estate, investment and trade.

Buying property in Dubai

Since 2002, foreigners have been allowed to buy, sell, lease or rent property without restriction. Buying property is one of the largest sources of private money transfer to Dubai, where most expats in the UAE live and work. Indeed, real estate is one of the largest sectors outside of oil and gas, with strong demand in recent years keeping prices elevated. Prime residential price in the emirates have risen by 29% and 71% over the past two and three years, respectively.

For residential property, before the global financial crisis, expats with a good credit rating were able to obtain a mortgage in Dubai worth up to 90% of the property value without much difficulty. Domestic banks have since tightened their lending procedures, with deposits of 20-50% of the purchase price not unusual, with some lenders requiring collateral in the form of another property. Increasingly, the bureaucracy and cost of securing a local mortgage is deterring applications. Expats buying property, whether for investment or occupation are thus likely to need to take out a mortgage in their home country and send money to Dubai, even if they have accumulated a deposit locally.

US to UAE trade

The US maintains a strong trade surplus with the UAE, with the latter importing some US$24.6bn of goods in 2013 to become the US 17th largest goods export market. By contrast, trade flows in the other direction are tiny. The UAE in 2013 was the US 65th largest supplier of goods imports, the value of which grew by 1.7% from the previous year to US$2.3bn. Excluding returned items, the largest import categories in 2012 (the latest year for which a breakdown is available), were aluminium (US$589m), fuel and crude oil (US$173m), fertilisers (US$129m) and diamonds (US$126m).

US investment in Dubai

The UAEs low tax environment, liberal trade regime, deep financial sector and highly developed infrastructure have made Dubai a key regional investment hub. The business environment has steadily improved in recent years, although local investors are still generally favoured over foreign ones. Dominated by the financial and insurance sector, the stock of US foreign direct investment (FDI) in the UAE was up 33.5% from 2011 to stand at US$7.8bn in 2012, the latest data available. The US accounted for 8.2% of total FDI stocks in the UAE that year.

Frequently Asked Questions

Are the money transfer companies shown above safe to use?

Yes, all the companies are safe and fully-regulated money transfer services. Each are authorised and regulated by the relevant authority such as the Financial Conduct Authority(FCA) in the UK, FinCEN in the US, FinTRAC in Canada or ASIC in Australia.

How long does an international money transfer take?

The speed of delivery will depend on where the money is being from and to and how you are sending and receiving the money. Transfers sent using bank to bank transfers can depend take anywhere from minutes to days and you should check the time estimates from the relevant provider. Debit and credit card payments sometimes allow for faster transfers for smaller amounts.

How do I use FXcompared?

First review the comparison results (such as for a table above) for a given amount of money sending from USA to UAE. Then select a provider based on factors such as price, speed, their rating and click the green button to be taken to their website. From there, you can register and sign up for an account. Once you have done that and the provider has verified your identity to ensure the money can be send safely, you will be ready to transfer money.

What payments methods can I use to send money overseas?

The results shown above are typically for bank to bank transfers. It is possible via some providers to pay in your funds for the transfer via cash, debit or credit cards as well but this is usually reserved for smaller amounts. Some providers also give you different options for how the money will be received - to a bank account (most common), to a debit card, to cash or to a digital or mobile wallet.

What if the price shown above isn’t exactly what I am offered when I try to transfer money?

There can be a number of reasons why the final price you are offered may be different to that shown in the table above. Exchange rates between two currencies change all the time and is the most common reason. Additionally, some providers offer different pricing depending what method you are using to send funds or how the funds will be received. Others may offer you a premium service for faster payments. In some cases FXcompared has a special rate with a provider and this is reserved for first time customers who sign up to the provider starting from FXcompared’s website. As prices do change often, be sure to confirm the total cost with the provider before transferring money.

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All the providers listed are regulated by the relevant authority (e.g. the FCA in the UK, FinCEN in the US, ASIC in Australia) and have been vetted by FXcompared.

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.