Could international money transfers to Dubai help workers?

International money transfers to Dubai could help overseas workers keen to buy their own property.

According to comments from Nicholas Marr, chief executive officer at Homesgofast.com, workers in Dubai "will be in a better position to buy in Dubai rather than renting" come 2011.

He added that he anticipates an "improved housing market" in the region next year "as investor confidence increases".

The comments follow a recent report by Credit Suisse, noting that the emirate's property market is due to gradually improve over the course of next year.

Indeed, the paper found that real estate is gradually stabilising in the region and despite weak activity at the moment, "improving domestic economic and financial conditions" should see the market grow over the next couple of years.

International money transfers could help to lower the cost of buying a property abroad.

Furthermore, temporary overseas workers may want to send some of their salary back to the UK at a competitive rate of currency exchange.

Click here to make an International Money transfer to Dubai

Posted by Sarah Pitton