Home News Top 3 Nationalities that Send Most Money from UAE

Top 3 Nationalities that Send Most Money from UAE

A huge chunk of the UAE population is composed of expats from all over the world. And so, it is not surprising that money transfer services in the country amount to billions of dirhams. In fact, from January to September 2017, expat remittances amounted to a total of AED 121.1 billion!

Also Read: How Much Do Nannies/Domestic Helpers Earn in the UAE?

This astounding figure was reported by the UAE Central Bank recently. For the first nine months of the year, AED 90.3 billion was sent through money exchange companies, while AED 30.8 billion was transferred through banks by expats working in the country.

Billions of money are being sent by expats in the UAE to their home countries.

Filipinos among Top Money-Sending Expats in the UAE

Compared to 2016 figures, expat remittances from the first to third quarter of 2017 have increased by 2.1 percent. According to the UAE Central Bank, the remittances from January to September last year amounted to a total of AED 118.6 billion.

Meanwhile, for the third quarter of 2017, expats in the UAE sent AED 43.3 billion to their families back home. This figure is 14.1 percent higher than the money transferred during the same period last year, which amounted to AED 37.9 billion.

Based on the report, expats from India are the top money-senders during the third quarter of the year. They are followed by workers from Pakistan. Notably, expats from the Philippines ranked third among the nationalities that sent the most money during the third quarter of 2017.

Filipinos rank third among the top money-sending nationalities.

The top 10 money-sending nationalities during the third quarter of the year are as follows:

  1. India – 35.7 percent of total remittances
  2. Pakistan – 8.7 percent
  3. Philippines – 6.7 percent
  4. Egypt – 4.8 percent
  5. United States – 4.1 percent
  6. United Kingdom – 3.7 percent
  7. Jordan – 3.1 percent
  8. Bangladesh – 2.9 percent
  9. Switzerland – 2.4 percent
  10. Lebanon – 1.8 percent

Moreover, the UAE Central Bank reported that workers from Asia account for 82 percent of the total labour force in the UAE. All in all, they sent AED 22.1 billion during the third quarter of 2017, which amounts to 51 percent of the total remittances for the period.

Screenshot from CentralBank.ae

Indeed, this latest report clearly indicates that billions of dirhams are being sent by expats – including Filipinos. Aside from just sending remittances, you should also make sure that your money is being used wisely. And so, we recommend 5 important investments that you should consider.


We're on YouTube!
Please subscribe to the Dubai OFW YouTube Channel for updates and tips!


Get FREE Dubai Updates by entering your email address:



Don't forget to check your email to activate your subscription!

SHOP ONLINE ON AMAZON.AE

Keep Your House Clean with these Floor Mops

Amid the ongoing health crisis, keeping our homes clean and germ-free has become more vital than ever before. “One who maintains cleanliness, keeps away...

Doing Your Laundry is Easy with these Items

Unless you were born with a silver spoon in your mouth (a.k.a. extremely wealthy), most likely you have to do your own laundry, especially...

6 Top Selling LED Monitors for Your Home Office

The current health crisis has led to many people having to work from home, setting up their own home office complete with computer tables,...

7 Best Selling Board Games to Get You Out of Boredom

Under the current circumstances, many of us have to stay at home, except when buying food and other essentials. A lot of people have...

Deliciously Hot! Famous Food Vloggers Try Out Double Spicy Korean Fire Noodles

In case you haven’t heard, there’s a hot and spicy Korean fire noodle challenge going around, and it’s bound to the test the limits...

6 Best Keyboard and Mouse Combos for Your Home Office

Are you one of the many people who are currently working from home? If so, then most likely you have set up your very...

Welcome Your Guests with these Eye-Catching Doormats

Right before a visitor steps inside your house, the very first thing they see is your… doormat! The doormat enables people to scrub or...