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sub £1,000 (preferably sub £500) dual time watches?
Depends what you're after, but there is basically nothing other than quartz. So if you want a nice auto honestly just forget about it until you've put +£2k aside.
Although there are "GTM" watches in your budget (most of them Rolex GMT copies) they tend to use the same movement (or clone of it) where the GMT and hour hand is back to front, with no quick set hour hand. So they only really work if you plan on permanently keeping the same two time zones. Omega and Rolex are the cheapest watches with proper GMT movements if you're planning on changing time zones regularly.
As you've noticed size is a really challenge too. Farer and the illusive Speedbird are probably your best options if you want auto.
Prob not the answer you're after, and I'm happy to be corrected, but I did waste lots of internetz on this and that's the conclusion I came to.
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hugo7
What is there available in the way of sub £1,000 (preferably sub £500) dual time watches?
Not a dive watch style but easy apart from that. I was expecting a cheap Seiko to be available but I can only see very nice but very pricey Grand Seikos.