Living in Dubai: The Complete Financial Guide
Everything you need to know about banking, salaries, and sending money home from Dubai.
Dubai is a global hub for expatriates, drawing in people from over 200 nationalities with the promise of tax-free salaries and excellent living standards. However, managing money effectively in a new country can be daunting.
Opening a Bank Account
To open a corporate or personal bank account in Dubai, you typically require an Emirates ID, a valid residency visa, and a salary certificate. Popular options for expats include Emirates NBD, Mashreq Bank, and ADCB.
Sending Money Home
Given the massive expat workforce, the UAE is the second largest source of remittances in the world. Rather than relying on traditional banks to continuously transfer parts of your salary home every month, using specialized money transfer companies can save you a fortune in hidden exchange rate margins.
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Compare ratesFrequently asked questions about living in dubai: the complete financial guide
Frequently Asked Questions
Mid-market reference rate
To understand the total cost of a transfer, compare the exchange rate a provider applies against a reference mid-market rate. Reference rates are for informational guidance only — always verify the final rate and fees directly with the provider before sending. remit.ae does not display live or real-time rates.
Questions you may have
About the author
John Doe
John is a Senior Writer. He holds a degree in Economics and has over 5 years of experience researching and writing about personal finance, international banking, and remittance services. He is passionate about helping people save money on hidden bank fees.
Why You Can Trust Us
remit.ae is an independent information platform built for UAE residents and expats. We do not transfer money, hold funds, or operate as a money transmitter.
Our corridor guides, provider pages, and method comparisons are for informational purposes only. Always verify final rates, fees, and availability directly with the provider before sending any funds.
Built for UAE expats and residents comparing money transfer options.
remit.ae provides editorial guidance
based on our published methodology
Commissions we may receive never
impact our independence.
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