Top banks in Dubai
Commercial and investment banks in Dubai form the backbone of economic activity in the emirate. Facilitating economic transactions with a broad range of banking and investment services, the banking sector in Dubai is a robust pillar of the national economy.
With all major banks in Dubai providing similar everyday financial solutions to citizens, expatriates and small businesses – it could be difficult to choose the one that is right for you. To help you out with that, here is a list of private banks in Dubai which can cater to your banking needs.
Best Banks in Dubai, UAE
The banking sector in Dubai is a mix of local and international banks that cater to different financial segments and consumer niches. These organisations offer banking services that facilitate lives and businesses in the emirate. The best local and foreign banks in Dubai include:
Emirates NBD
When you talk about the top 5 banks in Dubai, Emirates NBD is likely to the first option that comes to mind for most people. Established in the year 2007, Emirates NBD was the result of a merger between Emirates Bank and National Bank of Dubai – the second and fourth-largest banks in the UAE, respectively.
Prominent Services
Emirates NBD offers a comprehensive range of services for individuals and businesses. The bank has a reliable internet banking system that allows you to access their banking system and services on the go. The services most appreciated by their clients include:
- Personal loans
- Auto Loans
- Housing loans
- Project Finance
- Business credit cards
Bank Information
Emirates NBD branches are located in various parts of the UAE. The ones in Dubai can be found in Dubai Investments Park, JBR and the DIFC. The details for the main Emirates NBD branch in Dubai are listed below.
- Location: Baniyas Street, Deira
- Timings: Saturday – Thursday 08:00 am to 03:00 pm
- Contact: +971-60-054-0000
First Abu Dhabi Bank
The First Abu Dhabi Bank was a merger between the First Gulf Bank and National Bank of Abu Dhabi (NBAD). Established in 2016, this merger led to the creation of one of the top banks in Dubai, Abu Dhabi and other cities of the UAE.
Prominent Services
Out of all banks in Dubai, the First Abu Dhabi Bank is distinguished by its retail banking services. The bank provides customers with the best credit card offers in the UAE and is known for managing a comprehensive house financing program. The bank also offers several Shari’a compliant banking services.
Apart from that, First Abu Dhabi Bank is popular for its:
- Savings accounts
- Mortgage loans
- Insurance
Bank Information
The bank has several branches in Dubai, Abu Dhabi and the rest of the UAE.
- Location: Opposite Wafi Center, Dubai Healthcare City
- Timings: Saturday – Thursday 08:00 am to 02:00 pm
- Contact: +971-4-424-5600
Other branches in Dubai can be found in Mirdif, Deira and Emirates Hills.
Dubai Islamic Bank
Dubai Islamic Bank (DIB) is counted among the best banks in Dubai and the UAE. This bank was inaugurated on September 15, 1975, by His Highness Sheikh Rashid bin Saeed Al Maktoum, former Vice-President and 2nd Prime Minister of the United Arab Emirates and Ruler of the Emirate of Dubai.
Prominent Services
Serving more than 1.9 million customers across the UAE, Dubai Islamic Bank offers Shari’a compliant services. These services are available to all clients, regardless of their beliefs and religions – serving the UAE’s greater vision of coexistence and social solidarity. The bank offers a range of services to individuals and corporate clients, including:
- Personal loans
- Auto Loans
- Housing Loan
- Business Finance
Bank Information
You will find a branch of the Dubai Islamic Bank wherever you are in the UAE. Popular DIB branches in Dubai can be found in Jumeirah, Karama and Oud Metha.
- Location: Deira
- Timings: Saturday – Thursday 08:00 am to 02:00 pm
- Contact: +971-4-295-3000
Mashreq Bank
One of the top local banks in Dubai, Mashreq Bank has offered its innovative banking services to a large number of individuals, companies and institutions since 1967. It is one of the UAE’s best-performing banks for more than five decades now. The success of its operations can be surmised from the bank’s increasing network of branches across the UAE and nine other countries across the world.
Prominent Services
Mashreq Bank’s global expansion has led to the creation of regional offices in Europe, Asia, Africa and the USA. Often dubbed as the best bank in Dubai, Mashreq Bank offers a wide range of banking and e-banking services and solutions, including unique bank accounts and services for residents in the UAE. Their most appreciated services include:
- Personal loans for residents and citizens
- Debt consolidation loans
- Personal loan for UAE retirees
Bank Information
If you don’t prefer to use the bank’s e-services, you can use the comprehensive mobile banking option or visit one of its branches on Sheikh Zayed Road, the Dubai Festival City Mall, Al Qusais and Dubai Internet City.
- Location: Near Manchester Clinic, Jumeirah Road, Jumeirah 1
- Timings: Saturday – Thursday 08:00 am to 03:30 pm
- Contact: +971-4-516-8170
Commercial Bank of Dubai
Commercial Bank of Dubai (CBD) was established in 1969. The bank offers Shari’a compliant banking services and has several branches in Dubai including Al Quoz, Deira and Karama. There are 15 branches of the bank across the UAE as well.
Prominent Services
One can enjoy personalised banking solutions as a customer of CBD, via their carefully selected relationship managers. Their most prominent services include:
- Debit Cards
- Personal loans
- Real estate loans
- Vehicle financing
Bank Information
- Location: Al-Mozna Building, Al Nahda Street, Al Qusais
- Timings: Saturday – Thursday 08:00 am to 03:00 pm
- Contact: +971-4-261-5000
Emirates Investment Bank
If you’re looking for investment banks in Dubai, the Emirates Investment Bank (EIB) provides you with some of the best investment services in the UAE. This bank offers attractive facilities to local and expat investors with a flexible approach towards wealth management and creation.
Prominent Services
This bank is characterised by ease of services and speed of transactions. Emirates Investment Bank provides wide-ranging electronic services to its customers in a bid to save time and effort. These services include:
- Asset management
- Wealth planning
- Investment banking
- Stock trading
The bank also offers a range of personal-financing services to customers that comprise:
- Housing loans
- Auto loans
- Personal loans
Bank Information
- Location: Festival Tower, Dubai Festival City
- Timings: Sunday – Thursday 09:00 am to 06:30 pm
- Contact: +971-4-231-7777
Union National Bank
Union National Bank (UNB) is one of the leading banks in the United Arab Emirates, catering to a diverse customer base ranging from individuals and small businesses to popular names in the corporate sector.
What differentiates this bank from its competitors is its constant effort to improve through innovation. The Union National Bank expands the range of services using feedback and ideas obtained directly from its customers. They employ a two-way process whereby every service they provide is open to customer criticism (if any) and the room for continuous improvement.
Prominent Services
Union National Bank offers a variety of banking services and solutions to customers. The bank is most known for its:
- Cashback Cards
- Platinum Debit Card
- Loans: UAE nationals loans, expatriate loan, education loans and lease loan
Bank Information
The Union National Bank has its branches located in various areas of Dubai, including Downtown Dubai, Al Barsha, Business Bay, Dubai Marina and more.
- Location: Near Al Khor Park, Al Garhoud
- Timings: Saturday – Thursday 08:00 am to 02:00 pm
- Communication: +971-60-056-6665
This brings us to the end of our list of best banks in Dubai. We hope it helps you identify the bank that’s right for you. For those of you looking for international banks in Dubai, the best ones worth considering include Standard Chartered Bank, HSBC, and Citibank. Other popular banking service providers in Dubai include RAK Bank, ADCB, National Bank of Fujairah and more. If you’re moving to the capital city any time soon, make sure you know all about the best banks in Abu Dhabi.
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