Dubai Bank was launched on 23 Sep 2002, by its Chairman Sheikh Hamdan bin Mohammed Al Maktoum, at a function also attended by Mohammed Ali Alabbar, chairman of Emaar Properties, and Ahmed bin Brek, the chief executive of the bank.

The bank is a resurrection of an old bank called the Emirates Al Ahli Bank Ltd, which was established under a decree issued in April 1977 by the Late Sheikh Rashid bin Saeed Al Maktoum. The bank, capitalised at Dh300 million, is a fully-owned banking subsidiary of the real estate major Emaar Properties.

At the heart of he bank's new IT-driven service offerings is the introduction of paperless account opening for the bank's customers and instant fulfillment of key banking services. According to the Ministry of Economy and Commerce, the new bank will be based in Dubai city but is authorised to open branches in other emirates or outside the UAE.

One of the service which Dubai Bank offers is The Children's Plan Investment.