Banking

A well-structured and ever-growing network of local and international banks, strictly controlled by the UAE Central Bank, offers a full range of commercial and personal banking services. Transfers can be made without difficulty as there is no exchange control and the dirham is freely convertible. To open a bank account in the UAE (with a few exceptions), you usually have to be a resident. Normal banking hours are usually Saturday to Thursday, from 08:00 to 13:00 or 14:00 (some banks also keep later hours).


 
  • ATMs

    ATMs

    Most banks operate ATMs (Automatic Teller Machines, also known as cash points or service tills) that accept a wide range of cards. Most ATMs, although linked to a specific bank, ar

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  • Bank Accounts

    Bank Accounts

    Dubai is full of reputable banks that offer current, deposit and savings accounts, as well as credit cards and loans (although a lot more caution is now being used by banks where l

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  • Credit Cards

    Credit Cards

    Most shops, hotels and restaurants accept the major credit cards (American Express, Diners Club, MasterCard and Visa). Smaller retailers are sometimes less likely to accept credit

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  • Main Banks

    Main Banks

    ABN AMRO Bank: 04 351 2200 Abu Dhabi Commercial Bank: 04 295 8888 Arab Bank: 04 295 0845 Bank

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  • Money Exchanges

    Money Exchanges

    Money exchanges can be found all over Dubai, offering good service and reasonable exchange rates, often better than the banks. You’ll find at least one in all major shopping mall

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Highlights

Ground work begins on Khams Shamat tourism project in Syria Dubai-based MAF Properties has commenced the ground works for its first tourism project in Syria, called Khams Shamat. Located in the Yafour area on the Damascus-Beirut highway, the project will occupy a total land space of 1 million square metres and is planned to contain hotels, a town square with outdoor shopping and restaurants, commercial office space and touristic accommodations. The company will soon announce the names of the leading companies to operate the major hotels in Khams Shamat. The first phase of the project will be completed in 2014.

 

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