Incorporation

The Real Estate Bank is General Government Organization of Independent legal entity subsidiary to the Minister of Finance and industry. Established by virtue of Federal Law No.: (1) of 1981, the Bank commenced its activities in 1999 with a capital of two billion Dirhams subscribed in full by the Government.

Objectives

The Bank aims at facilitating real estate credit in the United Arab Emirates for UAE nationals, establishments, companies and cooperative societies with capital owned by the government or UAE nationals in whole or at a percentage not less than 80% within the framework of the economic and social development plan in the State.