Wells Fargo Bank EUR to AED Travel Money Compared

Currency Guide for the United Arab Emirates (ISO Code: AE)

For travelers planning a mid-range stay in the United Arab Emirates (UAE), budgeting around AED 6,500 to AED 7,500 (approximately USD 1,700 to USD 2,000) for a one-week trip should suffice. This budget allows for accommodations, meals, transportation, and activities without sacrificing comfort. Here’s a brief look at typical daily expenses in the local currency:

• 🥘 Meal at a local restaurant: AED 60

• ☕ Coffee: AED 15

• 🚍 Public transport fare: AED 5

• 📱 Prepaid SIM card: AED 100

• 🏨 Budget hotel or Airbnb: AED 350 per night

In general, the UAE is considered an expensive destination compared to many countries, particularly the United States and Australia, where day-to-day living can be slightly cheaper. A meal at a local restaurant in the USA might average around USD 20 (AED 73), while in Australia, a similar meal can cost AUD 25 (AED 62). Thus, while dining in the UAE offers a range of culinary experiences, it tends to be pricier compared to these countries.

Living Costs for Expats in the United Arab Emirates

For expatriates relocating to the UAE, the typical monthly living costs can vary significantly depending on lifestyle choices. A practical budget for living expenses (excluding rent) can be around AED 4,500 to AED 6,000, covering essentials like groceries, utilities, and leisure activities. When it comes to banking in the UAE, most establishments accept cards; however, using credit and debit cards for transactions is often more convenient than cash. For sending and receiving money, online services like Wise or OFX generally offer better rates and lower fees compared to traditional banks and currency exchanges.

Expats should consider the convenience of exchanging money locally, but for larger sums, using online transfer services may yield better financial outcomes due to lower conversion fees. Ultimately, the options vary, but many expats find that using local bank cards and online transfer services provide a balance of accessibility and cost-efficiency in managing their finances in this dynamic region.