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.


Related posts

No VAT on air travel, school fees comes as relief for UAE residents

Here is good news for the UAE residents: There will no value-added tax (VAT) on air travel, tuition...

Continue reading

RTA awards $102 million road contract

The Board of Executive Directors of Roads and Transport Authority, RTA, chaired by MattarĀ Al...

Continue reading

2 UAE firms among DIFC's 11 fintech start-ups

The Dubai International Financial Centre (DIFC) on Monday announced 11 finalists as part of its...

Continue reading