Send Money to United Arab Emirates Effectively

Information verified correct on December 5th, 2016

Effortless hacks to help you transfer money to the UAE like a pro.

The relationship between Australia and the United Arab Emirates (UAE) has seen rapid growth over the last decade. As Australia’s largest trading partner in the Middle East, there are numerous financial bonds that tie the nations. As of 2013 there were over 360 Australian businesses based out of the UAE, with investments into the country estimated at $1.3 billion.

The UAE has an even larger investment in Australia with an estimated $17.2 billion in 2013.

There are currently over 30,000 Australians who are living and working inside of the UAE, while 2013 saw close to 1,000 UAE students enrolled in Australian schools. These permanent and temporary immigrants rely on international money transfer services for personal transactions between family members and friends.

Send more Dirhams to the UAE by finding the right service below

Business Transfers

Rates last updated December 5th, 2016
Min. Transfer Amount Transfer Speed Services Online Transfer Fee Rate Amount Received
AUD 200 1 day
OnlinePhoneAgent
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AUD 500 2 days
OnlinePhone
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AUD 250 1 day
OnlinePhoneAgent
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Currency Online International Money Transfers
Enjoy regular scheduled ... transfers, one off transfers and a range of currencies. Also enjoy your first transfer for free.
AUD 0 2 days
OnlinePhone
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your price today
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Compass Global Markets International Money Transfers
Send money in as little ... as 24-48 hours to a range of countries with Compass Global Markets.
AUD 1,000 2 days
OnlinePhone
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Currency Solutions International Money Transfers
Send money overseas for a ... range of reasons, including regular payments and buying overseas property. 97% Trustpilot score.
AUD 3,000 2 days
OnlinePhone
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World First Foreign Exchange for Online Sellers
Open bank accounts in the ... UK, US, Canada and Eurozone and sell on more marketplaces while reducing the cost of repatriating earnings. Buy goods from China and sell them in the USA.
AUD 250 2 days
OnlinePhoneAgent
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your price today
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Case study: Rashid's family transfer tale

Rashid was raised in Ajman, but is studying at the University of Sydney. Having younger siblings, he is interested in finding a way to send them financial gifts for birthdays.

Rashid has a bank account with one of Australia’s big four banks, so he researches to see if using their money transfer service is cost effective when compared to a money transfer service provider. He uses $1,000 Australian dollars (AUD) in order to see how many UAE Dirham (AED) his brothers would receive.

Bank

Money transfer company

Exchange rate

$1 AUD = 2.56 AED

$1 AUD = 2.72 AED

Cost per transfer

$22.00 AUD when initiated online or using an app. $30.00 when done at a branch.

$60.00 AUD but this amount varies depending on the amount sent.

Amount received in AED

2,559.30

2,716.13

Time for transfer

Two to five business days

Ten minutes

Pick up options

Bank to bank transfer

Cash pick up at an agent

Difference

+156.83 AED

What Rashid noted was a difference in the exchange rates which resulted in more money getting to his siblings when using the international transfer service provider. Even when calculating the difference in the cost of the transfer, using the bank was the more expensive option.

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Know what to look for when comparing transfer services to the UAE

As you can see from Rashid’s research, there are a number of items to consider when looking into ways to transfer money from Australia to the UAE:

  • Exchange rates. Exchange rates may appear to be too similar to make a major impact on the amount received, but when applied to higher dollar amounts those differences become apparent.
  • Fees. Most banks will charge a standard fee despite the amount or location where the money is being transferred to. Money transfer providers make adjustments depending on the details of the transaction.
  • Turnaround time. Bank to bank transfers are typically longer and structured around business days, where transfer companies can complete the transaction in just minutes regardless of the day or time.
  • Pick up methods. For regular payments, completed bank transfers can be useful. Yet when your recipient needs cash quickly, the transfer service provider is able to effectively meet that need.
  • Transfer methods. For bank money transfer users, initiating the transaction can take place on a computer. This is not always an option with money transfer companies, and you may be forced to visit a local agency to send money to the UAE.
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How to send money to the UAE from Australia

The close economic relationship shared between Australia and the UAE makes it easy to find banks and service providers who will transfer money out of Australia to the UAE:

  • Commonwealth Bank. One of the largest banking institutions in Australia, they have international money transfer (IMT) services that allow for funds to be sent from Australia to the UAE.
  • MoneyGram. MoneyGram has kiosks in 7-Eleven stores around Australia where users can send money to the UAE.
  • Western Union. Western Union provides Australians with the option of sending money to a bank account in the UAE or as a cash pick up.
  • Worldremit. Worldremit is an online international money transfer service provider that allows for money to be sent from an Australian bank account and picked up as cash in the UAE.
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Emergency cash transfers to the UAE

If you have joined the large number of Australians calling the UAE a temporary home, you may find that at times you need emergency cash sent to you from family in Australia. Even if you are not a resident of the UAE there are still methods available that can get that cash to you:

  • Travel insurance. In the event that you have purchased travel insurance for added protection while outside of Australia, your policy may cover lost or stolen cash and credit cards. In some cases, you may be asked to provide proof for your claim, such as a police report from local authorities.
  • Transfer service provider. So long as you still have a photo id such as your passport, you can pick up cash at a money transfer service provider agency in the UAE.
  • Credit card insurance. Some credit cards also come with an international travel insurance policy to cover your expenses if your card is lost or stolen. Typically you will be sent a lump sum to tide you over until your card can be replaced.
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Cash pick up locations in UAE

Below you will find listed a few cash pick up locations for Worldremit, Western Union and MoneyGram in some of the major cities of the UAE. If your city is not listed here, call the service to find a location more convenient to you or your family:

Worldremit - Dubai

  • Horizon Exchange Office
    Nassir Square, Sabkha Bus Stand, Sabkha Street
    Open Mon – Sun 9am to 12:30 pm, Friday closed

Western Union – Dubai

  • Al Ansari Exchange, Sonapur Branch
    Shop no 4 and 5 13 Street B Mu Dubai
    Phone: +971-4-2641976
    Open 7 days a week from 9 am to 11 pm.
  • Al Falah Exchange
    Malik Abdul Jalil Mehdi M. Mus Ras Al Khor 9, Al Aweer Dubai
    Phone: +971-4-3207856
    Hours: 7 days a week from 9:20 am to 9:20 pm.

Western Union – Abu Dhabi

  • Abu Dhabi Central Post Office
    PO Box 7000 Abu Dhabi Zayed City Ameror Street Abu Dhabi
    Phone: +971-02-6225415
    Open 7 days a week from 7 am to 8 pm.
  • Airport Road
    Hamden Street Signal Next to the Modern Pharmacy Abu Dhabi,
    Abu Dhabi
    Phone: +971-2-6225544
    Open 7 days a week from 8 am to 11:30 pm.

MoneyGram – Dubai

  • Emirates India International Exchange
    Al Gaiz Building Nasser Square Dubai
    Phone: +971-4-42232278
    Hours: 7 days a week from 8:30 am to 10:30 pm
  • Al Rostamani Exchange
    Hor Al Anz Al Safiya Building Shop Dubai 11& 12 Dubai, 10072
    Phone: +971-4-2657727
    Open 7 days a week from 9 am to 10:10 pm.

MoneyGram – Abu Dhabi

  • Al Ahalia Exchange
    Near Rulers Court-Madinat Zayid Abu Dhabi
    Phone: +971-2-8848955
    Open 7 days a week from 8:30 am to 10 pm.
  • Malik Exchange – Hamdan Street
    Nasser Salem Saqer Al Mansouri Bldg
    Hamdan Street Near Al Maryia Cinema Abu Dhabi
    Phone: +971-2-6770385
    Open 7 days a week from 8:30 am to 11:30 pm.
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Tips for picking up cash in the UAE

The Australian Department of Foreign Affairs and Trade (DFAT) recommends that travellers to the UAE practice normal safety precautions. Still, if picking up cash at a transfer agency, you should be vigilant about your surroundings and travel with a companion who is familiar with the area. Return immediately to your living quarters to secure the cash before continuing with your daily activities.

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How to send money to the UAE

If you find that a money transfer service provider is your best option for sending money to the UAE from Australia, make note of the following to help facilitate your transactions:

  • Recipient name. Photograph ID is used to pick up cash at a money transfer agency. Ensure that the name you are using for your recipient exactly matches how it appears on their identification document.
  • Tracking number. When you initiate a money transfer overseas, the agency will issue you with a unique tracking number. This number must be given to the recipient in order for them to be able to receive the money.
  • Transfer amount. The recipient should know how much has been sent along with your name, address and telephone number.
  • Loyalty program. A few of the money transfer service providers offer a loyalty program to individuals who transfer money overseas frequently. Not only will this save you time on filling out paperwork with each transfer, it may entitle you to certain discounts.

Retain the paperwork that is given to you at the conclusion of your transaction in the event that there is an issue with your money transfer. This printed receipt provides you with proof of the amount sent and to whom.

It is not only UAE nationals who are in need of service providers to send money from Australia to the UAE. With the large number of Australians working and living in the foreign nation, they too can benefit from finding cost effective methods of sending money to the UAE from Australia.

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