Moving to the UAE

Open a Bank Account

We have a range of current and saving account options, including specialised accounts designed for high-net worth individuals, ladies, students and working professionals. Opening a bank account in the UAE is a straightforward, easy process.

For a standard current account, you will need to bring: 

1. Proof of residency, such as an Employment Visa, Work Permit or Emirates ID card as well as your passport
2. A salary certificate or salary transfer letter
3. Proof of income if you are self employed

Paying Rent

1. Paying for your rent is often an annual payment, but you will sometimes receive a smaller rental charge for paying in one cheque
2. Landlords and property agents normally only take cheques; monthly direct debits for rent are virtually unheard of in the UAE, as are monthly cash payments
3. Some property agents and landlords will take four or more cheques; but you must hand over all the cheques at once when signing the annual rental agreement

Car Loans

1. New cars are cheaper in the UAE than in many other countries; and petrol is still cheaper than water, thanks to government subsidies at the pump
2. It’s a great opportunity to purchase the car of your dreams, and FAB has a range of car loans to suit your budget

Auto Finance is available for:

1. Both new and used cars
2. Staff or business owners
3. Customers and non FAB clients
4. Flexible repayment periods of up to 60 months
5. Financing of insurance on the car by 100 %
6. Order easy financing measures
7. Exemption gold elite clients from fees
8. Free for life credit card pre-approved
9. Exemption from minimum balance in the account requirements

FAB Mortgages & Property Loans

We have a range of mortgages to help expats make UAE their permanent home, whether buying from a developer or from an individual:

1. Buyout loans
2. Mortgage Loans from a Developer
3. Mortgage Loans from an Individual
4. Mortgage Loans for UAE Nationals
5. Granted Land Loans
6. Refinance Loans