'Surge in sales' of Dubai currency

Thu, 13 Nov 2008 00:00:00 GMT

There have been record sales of Dubai currency in the UK, prompting currency firm M&S Money to suggest the region is still a popular destination for Britons seeking a winter holiday.

According to the company, October saw the highest ever amount of Dubai currency being purchased, with M&S Money's bureaux de change selling over £1 million of the country's dirham.

The news that the QE2 is to take up a berth in one of the region's harbours and become a floating hotel may also increase tourism to the emirate, which could make it a popular choice for investors looking to buy property overseas.

Head of travel services for M&S Money Fraser Millar noted that sales of the currency usually peak in October and November.

"Our travel money sales figures show that the UAE dirham is one of the most popular currencies outside the euro and US dollar," he remarked.

Abu Dhabi, another destination in the United Arab Emirates, is currently undergoing rapid development, a waterside regeneration conference in Liverpool heard recently.

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Wed, 6 Aug 2008 00:00:00 GMT

The UAE attracted more than $35billion (Dh129bn) in foreign direct investment between 1997 and 2006 to become the largest Arab destination for foreign capital, according to official data. The UAE has also emerged as the second largest Arab capital exporter, with its direct investment outflow...

Real Estate & Currency Exchange News in United Arab Emirates from Propertyshowrooms.com

'Surge in sales' of Dubai currency

UAE largest Arab destination for foreign capital