During the first half of the current year, banks in Dubai attracted approximately AED 118 billion in new deposits. For the seventh consecutive month, they maintained their status as the most appealing local banks for deposits, holding the largest market share of 47% of the total banking deposits in the UAE, with a cumulative total of AED 1.423 trillion by the end of June 2025, according to the central bank.
Data from the central bank revealed that deposits in Dubai’s banks grew by an impressive annual rate of 15.1% compared to June of the previous year. Additionally, deposits increased by about 9% during the first half of the year and rose by 2.1% on a monthly basis when compared to May.
Asset Growth
According to the data, the assets of Dubai’s banks also saw a monthly increase of 2.6%, reaching a cumulative total of AED 2.184 trillion in June. The total investment balances rose to AED 303 billion, marking a 1.7% monthly increase.
Furthermore, credit extended by Dubai’s banks increased by 1.9% month-on-month, bringing the cumulative credit balance to AED 1.030 trillion by the end of June.
On a different note, the data indicated that the assets of Abu Dhabi’s banks reached AED 2.394 trillion, with investments increasing to AED 452 billion and deposits totaling AED 1.368 trillion.
Additionally, the aggregate assets of other banks in the country amounted to AED 395 billion, while deposits remained steady at AED 254 billion and credit balances stood at AED 209 billion. The investment figure registered AED 68.3 billion as of the end of June this year.