Press release
UAE Auto Finance Market Report, UAE Auto Loan Market Revenue, Market Major Players, Market Forecast & Trends 2029
Digital Transactions to Power 60% Of UAE's Auto Finance Market By 2029The United Arab Emirates (UAE) auto finance market is evolving rapidly, driven by digitisation, evolving consumer preferences, and government incentives. The integration of digital platforms has streamlined loan application processes and reduced overall approval time. As of 2024, 83% of consumers preferred to buy their vehicle on dealer's website, highlighting strong shift towards online platforms. Furthermore, government is prioritising fintech adoption to foster environment conducive to innovative financial solutions that modernize the region's financial landscape.
UAE Auto Finance Market Emerging Growth Drivers
• In 2024, UAE's digital banking penetration rate was over 90%, with digital transformation being aggressively promoted in banking and finance. More than 65% of auto finance applications in the UAE are now initiated online as of 2024. Customers are attracted to the speed, transparency, and convenience offered by fintech platforms.
• Post-pandemic behavioural shifts have intensified the preference for private car ownership to avoid public transport. The tech-savvy younger population expects seamless digital experiences when applying for auto loans. In 2024, 45% of new car buyers opted for financing options bundled with insurance and service packages.
• The vehicle leasing market in UAE grew by 15% year-on-year in 2024. Consumers, particularly Millennials and Gen Z, are moving towards flexible car ownership models like leasing, renting, and subscription services rather than traditional buying. Auto finance companies are now offering lease-to-own and flexi-loan options, leading to a diversification of financial products tailored to evolving customer needs.
Get an In-Depth Analysis of UAE Auto Finance Market [2023-2029] @ https://www.tracedataresearch.com/industry-report/uae-auto-finance-market
UAE Auto Finance Market Competitive Landscape
The UAE auto finance market is moderately fragmented with mix of traditional banks, fintech firms, and international players. The major players dominating the landscape include Emirates NBD, Abu Dhabi Islamic Bank (ADIB), and Astra Tech's Quantix. Emirates NBD has has recently partnered with CARS24 to create a fully digital auto loan experience, offering loan pre-approvals in just 10 minutes and disbursements within two days. This move of Emirates NBD has become a major leap in customer convenience. Abu Dhabi Islamic bank is expanding its Sharia-compliant auto finance offerings by enhancing mobile platforms in response to the growing Islamic finance demand. Meanwhile, Quantix has become the first fintech to obtain a Finance Company License from the Central Bank of the UAE, followed by a USD 500 million investment from Citi.
Recent News
March 2025: The UAE's strong currency and improved global supply chains have led to stable or reduced new car prices in 2025. Chinese automakers, such as Changan, have lowered prices by up to 30% on certain models, intensifying market competition.
Download Free Sample Report @ https://www.tracedataresearch.com/sample-report/uae-cold-chain-market
February 2025: Dealerships introduced aggressive promotions, including 0% financing for up to five years and multi-year free insurance packages, to stimulate demand. These offers aim to counteract rising insurance premiums and attract cost-conscious buyers.
UAE Auto Finance Market Future Outlook
The UAE auto finance market is set to undergo rapid transformations through 2029. This growth will be driven by rapid digital transformations, rising electric vehicle adoption, and government regulations. The auto finance market in UAE is expected to grow at a compound annual growth rate (CAGR) of 6.9% from 2024 to 2029. The major driver of the growth will be push towards green mobility, with country aiming for 50% of vehicles to be electric by 2050. This will create strong demand for new types of vehicle financing solutions, including EV-specific loans and green auto financing. By 2029, 60% of the auto finance transactions are expected to be fully digitalise. This will force traditional banks to adopt tech-driven model, and focus on faster approvals, customized offers, and digital-first customer journeys.
Consultant at TraceData Research In their latest publication "UAE Auto Finance Market Outlook to 2029: By Loan Type (Conventional Loans, Islamic Financing), By Vehicle Type (New Car Financing, Used Car Financing), and By Lender Type (Banks, Non-Banking Financial Institutions (NBFIs), Fintech Lenders)" believe that lenders should innovate their offerings with customer-centric and digital-first solutions to obtain long-term success in UAE auto finance market.
For More Information or Inquiries, Visit @ https://www.tracedataresearch.com/talk-to-us
FAQs-
1. What is the potential for the UAE Auto Finance Market?
The UAE auto finance market is expected to continue growing, driven by increasing vehicle ownership rates, favourable financing options, and digital innovations. In 2023, the market size reached AED 55 billion, with steady growth projections for the coming years.
2. Who are the key players in the UAE Auto Finance Market?
Major players in the market include Emirates NBD, ADCB, ADIB, Dubai Islamic Bank, and HSBC UAE. These institutions provide a wide range of auto loan products, leveraging technology and strategic partnerships to expand their market presence.
3. What are the growth drivers for the UAE Auto Finance Market?
Key growth factors include strong economic conditions, rising disposable incomes, an increasing expatriate population, and government initiatives promoting digital financial solutions. Additionally, Islamic financing is gaining traction as more consumers seek Sharia-compliant lending options.
4. What are the challenges in the UAE Auto Finance Market?
Challenges include high interest rates for non-residents, stringent loan approval criteria, and regulatory compliance requirements. Additionally, the increasing competition from fintech lenders and evolving digital financing trends may reshape the traditional lending landscape.
Explore Our Other Related Report by Trace Data: -
Saudi Arabia Auto Finance Market - https://www.tracedataresearch.com/industry-report/saudi-arabia-auto-finance-market
Israel Auto Finance Market - https://www.tracedataresearch.com/industry-report/israel-auto-finance-market
Contact Us: -
TraceData Research
sales@tracedataresearch.com
+91 9266849840
106A, Adarsh Vihar, New Pac Lines, Kanpur Nagar, Uttar Pradesh, India, 208015
TraceData Research is a full-stack market research company founded by research professionals with over 15 years of industry experience. The company is recognized for its proprietary methodologies, deep consumer understanding, high-quality research, and entrepreneurial mindset.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release UAE Auto Finance Market Report, UAE Auto Loan Market Revenue, Market Major Players, Market Forecast & Trends 2029 here
News-ID: 4136381 • Views: …
More Releases from Trace Data Research

Employee Engagement Survey for Remote Teams | Employee Retention Survey | Hybrid …
Reduced Nurse Burnout By 35% Using TraceData's Engagement Survey in A Tertiary Care Center
Client Overview
Our client is a tertiary care hospital chain, with over 800 beds and multiple units across metro cities in India. The hospital has more than 2500 medical and paramedical professionals. They are known for cutting-edge technology, advanced care units, and a large inflow of critical patients. However, despite its reputation of clinical excellence they are…

Pricing Market Research Methodology | Pricing Research Tools and Analytics | Pri …
Tracedata Research Helped A B2b Manufacturer Improve Margins By 11% With Pricing Realignment
Client Background
The client is a mid-sized B2B industrial equipment manufacturer operating across South Asia and the Middle East. With over two decades in the market, the company had built a loyal customer base and a strong product portfolio. However, their pricing model remained largely unchanged despite fluctuating raw material costs and evolving customer expectations.
Challenges They Faced
Despite strong…

Consumer Satisfaction Survey Firms | Customer sentiment analysis | Consumer Expe …
Client Overview
Our client is a leading fashion retailer with a strong presence across multiple cities and e-commerce platforms. The brand caters to diverse consumers base who are seeking trendy apparel and accessories. The brand is known for its customer-centric approach and offers wide range of products. The brand is a key player in retail industry for over a decade. However, brand is facing difficulty in maintaining customer loyalty and…

Procurement Research Service Companies, Procurement Supplier Insights, Procureme …
Procurement Research Services to Cut Cost & Reduce Risk
Procurement research is the backbone of smarter sourcing. It is not just about comparing supplier prices-it's about making data-driven decisions that cut costs, reduce risk, and strengthen supplier relationships.
At TraceData, our top procurement research services provide actionable intelligence that transforms procurement into a growth driver. Here is what it covers:
• Cost structure analysis: Break down materials, labour, and margin costs to identify negotiation…
More Releases for UAE
Ashish Jain, a Renowned Fund Manager Expands into UAE Real Estate in UAE
Dubai - Ashish Jain, a world-renowned fund manager and CEO of Fortune Capital, Fortune Wealth, and the newly launched Alieus Hedge Fund, is stepping into the UAE real estate market as part of his latest strategic expansion. This move marks Jain's entry into the thriving property market, further cementing his reputation as a leader in global finance and innovation.
Image: https://www.getnews.info/uploads/9b42e4a62bfaef7aaf02043c03240d75.jpg
A Visionary Leader in Finance
With over 15 years of experience in…
Fitness Equipment Market UAE | UAE Fitness Market Revenue | Member Penetration U …
The fitness services means any service treatment, diagnosis, advice or instruction concerning to the physical fitness, comprising but not restricted to diet, body building, cardio-vascular fitness, or physical training programs and which you function as or on behalf of the named insured. The fitness services market is commonly propelled by the increasing concerns over the healthy lifestyles around the populace throughout the UAE. Growing health awareness concerning the advantages of…
UAE Fitness Services Market, UAE Fitness Services Industry, Covid-19 Impact UAE …
A strong growth has been witnessed with a considerable expansion in the number of boutique and budget fitness centers directly contributing to the economy.
High Obese and Obesity Rate: Increase in membership rate in UAE fitness centers due to the prevalence of high obese population and obesity rate (Adult obesity in the UAE stood at 27.8% in 2019) has positively affected the market.
Growth of Ladies Fitness Center: Opening up…
wifi solution in uae
Welcome to MAK, Wifi solutions provider in UAE. We bring everything that you would expect from an internet service provider – a highly professional installation and setup, high internet speed, a reliable network, great technical support and customer service to create a remarkable experience for the users, thereby remaining the most trusted WiFi Solutions provider in Dubai and across UAE.
Designing Efficient and Cost Effective Home Wifi Networks
Keep the connections to…
UAE Nuclear Power Sector UAE Nuclear Power Sales Report
For Report Sample Contact: neeraj@kuickresearch.com or +91-11-47067990
Report Table of Contents
1. UAE Power Sector Scenario
1.1 Existing Power Generation Outlook
1.2 Current & Projected Power Demand
2. Why UAE Energy Policy beyond Oil & Gas?
3. UAE Nuclear Power Sector Overview
3.1 UAE Entering into Nuclear Power Sector
3.2 Nuclear Policy Overview
4. UAE Nuclear Power Sector Dynamics
4.1 Favorable Parameters
4.2 Nuclear Power Sector…
UAE Power Sector Analysis
UAE is a rapidly growing economy whose electricity sector needs are anticipated to increase upto 50% in order to meet its growing demand for power, by the year 2020. UAE also has one of the highest levels of per capita power consumption across the globe. The electricity consumption in the UAE region is slated to cross 100 TWh by 2012, putting pressure on the supply side. In fact, the power…