Latest news with #Dhs5
Time Out Dubai
2 days ago
- Automotive
- Time Out Dubai
RTA to auction off 350 special Dubai license plates
Looking to give your car a glow-up? The Dubai Roads and Transport Authority (RTA) has announced it will be auctioning off 80 very impressive license plates in August and one could be yours. Amongst Dubai license plates, it tends to be the case that the smaller the number, the more expensive the plate. If you like this: 5 major Dubai changes coming in August that you need to know about On Monday August 11, 350 desirable plates will be up for grabs, featuring two, three, four and five-digits. For an idea of how much the plates cost, it's worth noting that in 2024, a two-digit number plate, AA16, saw a winning bid of Dhs7.32 million, with the three-digit plate, AA999 reaching Dhs4.05 million. On this occasion, the auction will feature plates with the following codes: H, I, J, K, L, M, N, O, P, Q, R, S, T, U, V, W, X, Y, Z Registration will open on Monday August 4, before the auction begins one week later. Running for five days, all participants must hold a valid traffic file in the Emirate of Dubai. Expected to prove popular (and pricey), to participate bidders are required to submit a Dhs5,000 security cheque payable to the RTA, along with a participation fee of Dhs120. If you're interested in signing up, the payment can be made at the Customer Happiness Centres in Umm Ramool, Al Barsha and Deira, or online through the RTA website. Once you've managed to secure your dream plate, successful bidders must complete the payment within ten working days. In other Dubai news Leaving your job? Here's how much money you're actually owed in the UAE The gratuity calculator explained Driving to Abu Dhabi? The new traffic rules you need to know Don't get caught out DXB reports record-breaking passenger numbers in 2025 It shows no signs of slowing down either
Time Out Dubai
2 days ago
- Business
- Time Out Dubai
Send money home faster and at better rates with Careem Pay
If you're one of the millions of expats wondering how to send money abroad from the UAE, Careem is about to become your new favourite app. Because Careem Pay lets you make fast and secure global transfers to the UK, Europe, India, Egypt and others. From topping up family accounts to making mortgage payments, you can make your money go where it needs to. Transfers land in minutes. And, rates are better than banks. If you're sending money from the UAE, Careem Pay can help you save 50 percent when compared to banks*. Careem Pay's latest ad campaign shows just how fast you can send money home. The campaign also puts getting more for your money in the spotlight. Need to send money from Dubai to Delhi? Or maybe from Abu Dhabi to Amman? Open the Careem app, head to Careem Pay and send money to over 30 countries. No need to type in IBANs, no long waits and no hidden fees. What's more, Careem Plus members unlock even better rates. Want to send money home faster? Download the Careem app on iOS or Android and get started today. *Comparison methodology: average total cost for the standard user (excluding all incentives, rebates, and special promotions) was calculated based on 72 transactions from the UAE to India, the UK, Pakistan, Europe, the Philippines, Egypt and Jordan and compared against the three largest digital remittance providers in the UAE. Transferred amounts ranged from Dhs5,000 to Dhs50,000, conducted during business hours between Monday May 26 and Monday July 21, 2025. Lebanon was excluded from the list of sending countries, which are 50 percent cheaper than banks.
Time Out Dubai
3 days ago
- Business
- Time Out Dubai
UAE bank cardholders to pay more when travelling abroad
Travelling abroad? Your next holiday might cost more than just flights and hotel bookings – especially if you're swiping a UAE-issued card. Starting September 22, UAE banks will raise the foreign transaction fee to 3.14 percent on all international purchases and ATM withdrawals made using credit or debit cards. Whether you're shopping on a U.S.-based website or booking a boutique hotel in Rome, the fee will apply – and it's a noticeable jump from the current 2.09 percent. What's actually changing? Customers across the UAE have begun receiving notices from their banks confirming the change. The new fee structure typically includes: 1 percent currency conversion fee (charged by Visa, Mastercard, or Amex) 2.14 percent bank processing fee That adds up to a total 3.14 percent surcharge – so if you're spending Dhs5,000 abroad, expect to pay an extra Dhs157 in fees alone. The hidden fee trap: DCC One sneaky charge to avoid? Dynamic Currency Conversion (DCC). It might seem helpful when a foreign merchant offers to convert your purchase into dirhams on the spot, but it's rarely a good deal. DCC often comes with inflated exchange rates – sometimes adding 5-7 percent extra – and you may still be charged the full foreign transaction fee. Tip: Always choose to pay in the local currency, not AED, when using your card overseas. How to dodge the worst of the fees The 3.14 percent fee may be unavoidable for many travellers, but there are ways to cut the cost: Use a travel-friendly or 'no foreign fee' credit card: Some UAE banks offer cards that waive these fees entirely. Withdraw cash strategically: Pull out larger amounts at once rather than frequent ATM visits, which can each trigger fees. Say no to DCC: Stick with local currency whenever you're asked at a store, restaurant, or ATM. Try multicurrency prepaid travel cards: Some UAE fintechs offer these with fixed exchange rates and no added foreign transaction charges. Know your fees: Check your bank's app or fee schedule before you travel so you're not caught off guard. A homegrown alternative may be coming Later this year, the UAE is expected to roll out its Jaywan card internationally – a new payment system that could offer lower foreign transaction fees and better rates. It's not available globally just yet, but watch this space. The upcoming fee hike means UAE travellers will need to be more strategic with how they spend overseas. From choosing the right credit card to dodging costly conversions, a little prep could save you hundreds of dirhams on your next trip. In other Dubai news Dubai reveals incredible results of ocean reef project There's been some big changes Malls in Dubai to be turned into huge running tracks this week On your marks… Emirates to start daily flights to one of Asia's biggest cities this week Travel inspo incoming
Time Out Abu Dhabi
3 days ago
- Business
- Time Out Abu Dhabi
Here's what you need to know about the foreign transaction fees going up on UAE cards
Travelling abroad? Your next holiday might cost more than just flights and hotel bookings – especially if you're swiping a UAE-issued card. Starting September 22, UAE banks will raise the foreign transaction fee to 3.14 percent on all international purchases and ATM withdrawals made using credit or debit cards. Whether you're shopping on a U.S.-based website or booking a boutique hotel in Rome, the fee applies – and it's a noticeable jump from the current 2.09 percent. What's actually changing? Customers across the UAE have begun receiving notices from their banks confirming the change. The new fee structure typically includes: 1 percent currency conversion fee (charged by Visa, Mastercard, or Amex) 2.14 percent bank processing fee That adds up to a total 3.14 percent surcharge – so if you're spending Dhs5,000 abroad, expect to pay an extra Dhs157 in fees alone. The hidden fee trap: DCC One sneaky charge to avoid? Dynamic Currency Conversion (DCC). It might seem helpful when a foreign merchant offers to convert your purchase into dirhams on the spot, but it's rarely a good deal. DCC often comes with inflated exchange rates – sometimes adding 5-7 percent extra – and you may still be charged the full foreign transaction fee. Tip: Always choose to pay in the local currency, not AED, when using your card overseas. How to dodge the worst of the fees The 3.14 percent fee may be unavoidable for many travellers, but there are ways to cut the cost: Use a travel-friendly or 'no foreign fee' credit card: Some UAE banks offer cards that waive these fees entirely. Withdraw cash strategically: Pull out larger amounts at once rather than frequent ATM visits, which can each trigger fees. Say no to DCC: Stick with local currency whenever you're asked at a store, restaurant, or ATM. Try multicurrency prepaid travel cards: Some UAE fintechs offer these with fixed exchange rates and no added foreign transaction charges. Know your fees: Check your bank's app or fee schedule before you travel so you're not caught off guard. A homegrown alternative may be coming Later this year, the UAE is expected to roll out its Jaywan card internationally – a new payment system that could offer lower foreign transaction fees and better rates. It's not available globally just yet, but watch this space. The upcoming fee hike means UAE travellers will need to be more strategic with how they spend overseas. From choosing the right credit card to dodging costly conversions, a little prep could save you hundreds of dirhams on your next trip. Need some travel inspo? Travelling from Abu Dhabi is about to be so much faster Zayed International Airport is the world's first airport to make this change 18 countries offering visa-on-arrival to UAE residents Here's where to go UAE citizens now get visa-on-arrival for India: a game-changer for travellers That quick trip to India just got even easier
Gulf Today
3 days ago
- Business
- Gulf Today
Man to pay back Dhs4,000 after failing to secure job, housing for plaintiff's sister in UAE
Al Ain Civil, Commercial and Administrative Cases Court obligated a man to pay Dhs4,000 to another after the latter paid the same as a down payment to secure a job and accommodation for his sister in exchange for Dhs8,000. The defendant, however, failed to comply. Earlier, a man filed a lawsuit, at the end of which he requested the court to obligate the other party to pay him Dhs26,000 plus the incurred legal expenses and fees. The plaintiff said the defendant agreed to provide residence and a job for his sister in exchange for 8,000, of which he paid Dhs4,000 as a down payment. The defendant, however, did not apply for the residence visa for the plaintiff's sister, causing harms to the plaintiff as embodied in the amounts paid for airway tickets of Dhs5,000, a tourist visa of Dhs2,000 and rent of Dhs15,000. The defendant submitted a response memorandum, in which he asserted that the plaintiff was not entitled to claim the cost of the tourist visa, the rent, and the airway tickets. At the same time, the defendant acknowledged receiving Dhs4,000 for finalizing the visa transaction for the plaintiff's sister but due to circumstances beyond his company's control, he could not complete the transaction. The plaintiff noted that he had no objection to returning the down payment without any compensations. Based on the above, the court obligated the defendant to return Dhs4,000 to the plaintiff and pay the incurred fees and expenses.
