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How to transfer money to Dubai ???


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  #1  
Old 20-11-2007, 10:43 AM
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Default How to transfer money to Dubai ???

Hi,

I did 3 property investments in Dubai so far and I tried many different ways to get my EURO Money to Dubai. But unfortunately I had to recognize that each position is taking a lot of money away, here some examples:

Example 1:

Sending Euro Money from Europe to Dubai UAE Account > Bank is taking 3-5 % for currency Exchange and other fees

Example 2:

Sending Euro Money from Europe to Dubai EURO Account > Here the Bank takes 3% for incoming money and then when I make a transfer between my accounts (EUR > AED) the bank is taking another 3% for currency exchange and other fees

Example 3:

Using a Company named "Currency Direct", they take around 2% and the Bank in Dubai another 0,5-1%


My question is now: How do you do the payments? Which way did you chose? Maybe there are other options which I am not aware of...
I am all in all very unhappy, because currency becomes weaker every day and on top of it banks are ripping me off... By the way, I have to tell you that I am GOLD CUSTOMER and therefore entiteld for "special conditions"


Waiting for your replies!
Thank You very much
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Old 21-11-2007, 01:41 PM
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I have bought a property in dubai last year.
Do you buy often?

I used a currency company and they didnt charge me for any transfers or percentage of trade.
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Old 21-11-2007, 06:08 PM
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Quote:
Originally Posted by Shyamg View Post
I have bought a property in dubai last year.
Do you buy often?

I used a currency company and they didnt charge me for any transfers or percentage of trade.
Would be nice to know which company you have used!
thx
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Old 21-11-2007, 10:01 PM
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bring cash better
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Old 21-11-2007, 10:30 PM
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Quote:
Originally Posted by fcrs View Post
bring cash better
Hello??? I am not travelling from Europe to Dubai every 3 month and by the way there are cash limitations at the airport...
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Old 21-11-2007, 11:33 PM
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I need your advice too, but I am the opposite. I want to transfer money from Dubai to the UK. My apartment has been rented out for about 6 months now and I was supposed to go and open an account in Dubai so the company could put the money from the rental into my account. Anyway, I could not get over to open an account and the office has cheques waiting for me in Dubai. It looks like I am going to have to just get the money transferred to me here in the UK. So what is the best way to do it, without losing too much money in the process?
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Old 22-11-2007, 08:56 AM
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Try western union they allow the money transfer not for free but around $80 for amout more than $2000
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Old 22-11-2007, 09:12 AM
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UK real

Smart has got experiences with transfering money back to UK

Dirham is a bit difficult but can be sorted

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Old 22-11-2007, 10:36 AM
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Quote:
Originally Posted by DAYFox View Post
Would be nice to know which company you have used!
thx
I used a company called excel currencies, they were very proffesional and gave me decent rates. dealt with a Mark.

Best thing is go to currencyfinder . com on the net, its a price comparison site with will give the best company for rates.
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Old 22-11-2007, 10:38 AM
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Quote:
Originally Posted by maryjo View Post
I need your advice too, but I am the opposite. I want to transfer money from Dubai to the UK. My apartment has been rented out for about 6 months now and I was supposed to go and open an account in Dubai so the company could put the money from the rental into my account. Anyway, I could not get over to open an account and the office has cheques waiting for me in Dubai. It looks like I am going to have to just get the money transferred to me here in the UK. So what is the best way to do it, without losing too much money in the process?
I have used excel currencies for all of my transfers, never had a problem, the way i found them was by going to a site called currency finder . com its a price comparison site, which will direct you to the best company for rates.
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