Could international money transfers Dubai lower expat costs further?

International money transfers to Dubai could make rental costs for expatriates even cheaper.

The latest Dubai Leasing Guide from the Landmark Advisory has revealed that rental rates in the emirate have been greatly reduced as landlords desperately attempt to improve occupancy rates.

Jesse Downs, director of research and advisory at the agency, explained that within three months of a handover, a building with attractive tenant-friendly pricing will have a 90 per cent occupancy rate, while landlords who have stuck with "a rigid pricing strategy" will only achieve 40 per cent.

The director added: "Tenants realise it is currently a renter's market and want more value for their rental dirhams and, so, are able to leverage alternative options to negotiate very attractive deals."

Expatriates moving to Dubai temporarily may want to consider setting up an international money transfer system to pay their rental costs.

This could provide them with a competitive rate of currency exchange, while avoiding fees often charged by high street banks when moving funds abroad.

Click here to make an International Money transfer to Dubai

Posted by Chris Barber