Emirates Development Bank Hosts "Housing Open Day" on Abu Dhabi

 Emirates Development Bank (“EDB” or “the Bank”) today announced that it has successfully hosted its annual ‘Housing Open Day’ as part of its long-term commitment to finance housing and provide suitable accommodation for citizens. The event was held at the Bank’s headquarters in Abu Dhabi.

The open day, which occurs every year, provides Emiratis with an opportunity to network with housing authorities and experts at EDB and seek advice on various topics, including, but not limited to, housing options, financing projects, and talent management.  Attendees also had the chance to meet with managers and enquire about a range of specialist housing products and services available to UAE citizens.

The initiative is aligned with the Bank’s strategic objectives to facilitate real estate credit allocated to the construction, maintenance and development of buildings intended for personal housing and to enable the housing Programmes to achieve the vision of the government of providing suitable accommodation for citizens.

Commenting on the initiative, Rashid Mahboob, Acting CEO of Emirates Development Bank, said: “We are delighted with the interest provoked by the annual ’Housing Open Day’ for Emiratis and housing associations. Emirates Development Bank is committed to supporting the vital and laudable aspiration of every Emirati to possess their own home. Our aim is to facilitate this in order to improve the quality of life for UAE nationals, and especially those with the ambition to start a family.”

Housing is a strategically important focus area for EDB, and helping Emiratis to own their first home, either directly or in partnership with government housing programmes, is a key objective for the bank.

Established in 2011 under a decree issued by the President of the UAE, HH Sheikh Khalifa bin Zayed Al Nahyan, EDB’s vision is to help build a diverse national economy founded on the private sector and in which citizens can access suitable accommodation by providing finance at an affordable economic cost. The bank also provides support, investment and innovative banking solutions to SME.