Our money guide provides information on bank accounts, credit and debit cards and money transfers. If you need to open a bank account, we will explain how to do it - step by step.
The UAE dirham and international transfers
The UAE dirham (abbreviated to AED or Dhs) is linked to the US$ and is therefore susceptible to the ups and downs of that currency.
Where to manage your finances
There’s no shortage of banks in Dubai. There are international, regional and local banks, all well financed, well regulated and well run.
How to open a bank account in Dubai
The formalities involved in opening a bank account in Dubai are quite stringent and involve a considerable amount of paperwork.
How to use cards in Dubai
All banks in Dubai offer customers cash and debit cards, which can be used at any branch of the same bank and, by arrangement, at other banks.
How to use them
Cash is widely used in Dubai, although credit and charge cards are also popular. As in many countries, the quickest way to draw cash is to use an automated teller machine (ATM), found at banks and shopping malls.
Where to keep your money abroad
In many cases, foreign workers in Dubai find that they’re able, for the first time, to save part of their income for the future.
How much does living in Dubai cost?
Housing prices and inflation running on average at 2.5% means that living in Dubai has become a lot more expensive over the last few years.