United Arab Emirates is the second-largest economy in the Gulf Cooperation Council (GCC) and have the most diversified economy. Many of the people from different countries are living in the UAE and many of its citizens are living abroad. Due to large inward and outward remittances, companies are pouring their services in UAE and remitting money is not difficult and expensive.

There is about 4-8% increase in remittances every year to and from UAE and people are preferring money transfer companies over banks. This is because the companies have better rates and transfer fees comparing to banks so that you will get the cheapest ways to send money to the UAE.

UAE Dirham (AED) is traded globally and many companies, as well as banks, are offering good rates against the amount being transferred. You can compare the companies with Exchange Rate IQ and select the one which has better rates and closer to mid-market rates.