An understanding of the main banks and their services is helpful when investing in the UAE. Find out the basics below.
Once you have residency, you are entitled to open a UAE bank account. Banks offer a full range of debit, credit and loan account facilities, along with internet banking. Mortgages in the UAE are available, normally to finance up to 80% of your property purchase.
The Central Bank of the UAE is the national financial regulatory body. It is responsible for the establishment and implementation of banking, credit and monetary procedures to ensure price stability and ease of Dirham conversion.
Banking hours are normally 8am to 12pm Saturday to Thursday.
Emirates Bank ATMs are quick and easy to use and are programmed in both English and Arabic. They allow customers to make a wide variety of transactions:
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