Dubai-based banks have reinforced their dominance in the UAE’s banking landscape, accounting for 46 percent of the nation’s total bank deposits, according to the Central Bank of the UAE. As of January 31, 2025, cumulative deposits in Dubai banks reached Dh1.308 trillion, reflecting a robust 13.1 percent annual increase.
The latest data also shows that total assets held by banks in Dubai amounted to Dh2.025 trillion, registering an 11.3 percent rise compared to the same period last year. Investment balances followed a similar trajectory, climbing to Dh287 billion — an 11.8 percent year-on-year increase.
Elsewhere in the country, other UAE banks collectively reported assets exceeding Dh362 billion, with deposits of Dh238 billion. Their credit balances totaled Dh191 billion, and investments reached Dh67 billion by the end of January 2025.
These figures underscore the sustained momentum and resilience of the UAE’s banking sector, buoyed by rising deposits, active lending, and expanding investment portfolios.
