UAE expats spend Dh6,000 per year on sending money home: Report

Why is the average annual spend by expatriates on money remittance relatively high in the UAE despite the country having one of the lowest money transfer fee rates in the world?

According to global financial planning firm Guardian Wealth Management, an expatriate in the UAE – the fourth top remittance-sending country in the world – spends, or rather loses, an average of Dh6,000 per year on money transfers.

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