Emirates Development Bank was established under Federal Law No. (7) of 2011 under a decree issued by His Highness Sheikh Khalifa bin Zayed Al Nahyan, to contribute to the economic and social development of the UAE as a key partner in providing financial services for development.
The bank specialties include facilitating the real estate credit allocated for the construction, maintenance and development of buildings prepared for private housing, financing projects and agricultural crafts and activities, financing housing and urban projects on behalf of the government as well as providing support to Emirati entrepreneurs by financing their growth projects.
The bank was officially launched in June 2015 under the patronage and presence of His Highness Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs. The launch of the Emirates Development Bank was officially announced in Abu Dhabi and the Bank's second branch in Dubai is now fully operational; providing comprehensive and accessible banking services to UAE nationals; an important strategic step within the Bank's overall vision and its goal to reach its client base across the UAE.