Tuesday, March 19, 2019

Dec 19 18, 5:21 pm

Woman in UAE sold 48 cars without ownership papers

A woman (nationality withheld) in UAE, who sold 48 second-hand cars without proper documents, was ordered by the UAE court to pay her victim Dh516,000. The used vehicles were imported from the U.S. After paying her more than Dh500,000 for all the 48 cars, the accused...

Official warns against fake marriage

DUBAI:  An official has advised female expats in a relationship with other nationalities to know the law and other related statutes about getting married before tying the knot to ensure they don’t end up stuck in a fake marriage. Ghanima Al Bahri, Care and...

Mother of suspect in Cebu teen’s slay speaks up

The mother of the suspect in the murder of Christine Lee Silawan has strongly denied that her son has any involvement in the brutal crime. In an interview with SunStar Superbalita Cebu, the mother of the 17-year-old said that her son is not a killer and the CCTV...

Four arrested in Dubai for trafficking 16-year-old Asian girl

Three Asian women and a painter were produced in the Dubai Judicial Court on charges of trafficking a 16-year-old Asian girl. The victim, who is believed to be suffering from a mental condition due to the ordeal, was brought to the UAE with a forged passport, as per...

Demand for luxury condos in Manila remains strong

by | Feature, Finance

Dec. 19, 18 | 5:21 pm

Citing a recent Colliers International Philippines’ latest residential report, Retalk Asia, a global real estate portal, indicated that luxury condominium demand should remain strong in Metro Manila because the city has one of the most attractive rental yields in the region owing to relatively low prices and sustained demand from affluent Filipinos, foreign investors, and offshore gambling firms.

“Manila’s luxury market is relatively small but has seen stable demand over the past few years. Projects being leased or sold to the secondary market continue to receive strong demand which entices affluent locals and foreign investors to look for similar developments in Metro Manila,” said the Retalk Asia post.

The report also noted the following Philippines residential market forecast at a glance:
• Demand: The take up for condominium units in the secondary market covering major business districts is sustained by demand from foreign and local professionals working in central business districts (CBDs). As of 1H 2018, about 30,000 units have been taken up in the pre selling sector. Colliers sees the take-up breaching the 60,000 mark in 2018.
• Supply: Colliers sees the delivery of at least 7,300 units in 2H 2018. Manila Bay, Fort Bonifacio, and Rockwell will likely account for 84% of new units in 2H 2018. Barring construction delays, Colliers expect about 8,600 units being completed annually from 2019 to 2021.
• Vacancy: Colliers sees overall vacancy rates in Metro Manila hovering between 11% and 12% by end-2018. From 2019 to 2021, Colliers see vacancy inching up to 12% to 13% per year as the completion of new units accelerates.
• Rent: From 2019 to 2021, Colliers sees a marginal rise in rents, projecting lease rates growth by 0.3% to 0.5% per annum during the three-year period as new supply from the Bay Area and Fort Bonifacio is factored in.

“Colliers report identifies that more affluent locals are seeing luxury condominiums as a viable investment option aside from the stock market. The shift in lifestyle also encourages high-end investors and end-users from posh villages to embrace condominium living,” said the report.

It’s back. The longest-running, most trusted and biggest Philippine investment event in the Middle East region, Philippine Property and Investment Exhibition (PPIE), is back. It has helped thousands of OFWs own their very own home. Be part of PPIE 2019 on April 26-27 at the JW Marriott, Deira, Dubai to reach your aspired home. Like @ppieuae on facebook to get tips and alerts on unbeatable deals.

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Honor reports 170% global growth in 2018

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First cloned police dog reports for duty

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Woman in UAE sold 48 cars without ownership papers

A woman (nationality withheld) in UAE, who sold 48 second-hand cars without proper documents, was ordered by the UAE court to pay her victim Dh516,000. The used vehicles were imported from the U.S. After paying her more than Dh500,000 for all the 48 cars, the accused...

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THE FILIPINO TIMES is the biggest and most trusted Filipino newspaper in the UAE.

It has a print run of 60,000 copies and 250,000 readership per week; bolstered by 1 million visitors to its website every month. It also has an e-newsletter sent to its 250,000 subscribers every day.

The Filipino Times is FREE and has the widest targeted circulation across the 7 emirates of the UAE.

With more than 2,500 strategic distribution spots, TFT is available where the Filipinos are - at Smart Bus Shelters, Metro Stations, restaurants, supermarkets, schools, airport lounges, Emirates and Etihad Philippine-bound flights, churches, Filipino community events and many more.

THE FILIPINO TIMES. We are where the Filipinos are.

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