Friday, April 26, 2019

Apr 14 19, 6:48 pm

CONFIRMED: Duterte approves PH’s participation in Expo 2020 Dubai

President Rodrigo R. Duterte has signed an administrative order constituting the Philippine Organizing Committee (POC) for the Expo 2020 Dubai. On Wednesday, Duterte signed Administrative Order 17, assigning the Department of Trade and Industry (DTI) Secretary to be...

Here are the top 10 jobs of the week

Wondering what job-seekers are looking into? Bayt, the number one job site in the Middle East, has identified the most searched jobs of the week in the UAE: Customer Service Executive - Harmony Connections (Dubai, UAE) Landing in the top spot is Harmony Connections’...

WATCH. Chuzon supermarket during the magnitude 6.3 earthquake

Videos tell a million stories. Watch the last minutes of the supermarket before the strong tremor brought it down. Employees and customers can be seen running for safety. At least five people were reported to have died in the quake inside the building. Search and...

UAE creates world’s first “Ministry of Possibilities”

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has launched the world’s first virtual Ministry of Possibilities to incubate and develop radical solutions for the government’s most critical...

61 Shares

Real estate investments among UAE-based Filipinos climb to all-time highs

by | Finance, News

Apr. 14, 19 | 6:48 pm

DUBAI: More and more Filipinos in the UAE are starting to value the need for savings and investments through real estate, with industry leaders welcoming as high as 20 per cent year-on-year increase in sales of their properties among Filipino buyers in the UAE.

The Philippine property market is also expected to cross double-digit growth this year, and real estate values are seen scaling all-time highs.

Manuel Arbues II, Regional Head for North America and the Middle East, Ayala Land International Sales, Inc. (ALISI), the sales and marketing arm of one of the Philippine’s leading property developer, Ayala Land Inc. (ALI), said: “We have registered an average yearly sales growth of almost 20 per cent from the UAE for the past five years. For the most part, we attribute this growth to the increase in financial awareness amongst Overseas Filipinos in the UAE. Likewise, due to many opportunities opening up for Overseas Filipinos, they are in a better position to prepare for their future and real estate investment is their top choice.”

“ALISI’s year-on-year rise in revenue was boosted by the bullish economic growth of the Philippines, backed by several factors such as high remittances from Overseas Filipinos, thriving business process outsourcing industry, sustained growth in the tourism industry, as well as local consumer spending, and manufacturing that are keeping the GDP growth and employment rate afloat,” Arbues added.

Manuel Arbues II, Regional Head for North America and the Middle East, Ayala Land International Sales, Inc.

The Philippine government’s Build. Build. Build program, President Duterte administration’s medium-term goal to effectively usher in the Golden Age of infrastructure in the Philippines by raising the infrastructure spending from 5.4 per cent of the country’s GDP in 2017 to 7.3 per cent by the end of 2022, supports leasing and selling opportunities in real estate investment particularly in growth centres near the subway stations in Quezon City, Bonifacio Global City and Taguig City. A growing number of UAE-based Filipinos are taking advantage of investing in the Philippines because of this.

“Ayala Land is supporting this growth through its new estates including the Vertis North in Quezon City, Circuit in Makati City, and Arca South in Taguig City where its brands Ayala Land Premier, Alveo, and Avida are present, offering top choices in real estate investment,” Arbues said.

Real estate companies are taking advantage of these windfall in terms of Overseas Filipinos who eye to purchase properties in the Philippines. This is also the trend observed by the organisers of Philippine Property and Investment Exhibition (PPIE), the largest Philippine property and investment event in the region which will be back in April 26-27, 2019, as the number of companies and investors joining its yearly exposition records an uptick range.

Dr. Karen Remo, Co-founder and Managing Director of New Perspective Media Group, organiser of PPIE, said: “We attribute this new exciting trend to the persistency of various stakeholders in educating Overseas Filipinos in the UAE to wisely invest their hard-earned money. PPIE has been promoting the investment culture amongst Filipinos since 2014. The growing demand for real estate and properties in the Philippines amongst Overseas Filipinos, particularly in the Middle East, is a significant driver that sustains the robust real estate sector in the Philippines.”

With PPIE, we are glad that our efforts in promoting investment culture amongst Overseas Filipinos comes into fruition as billions of sales contribute to this sustained demand for homes and investments,” Remo added.

Dr. Karen Remo, Co-founder and Managing Director of New Perspective Media Group, organiser of PPIE

The Philippine property market is expected to achieve double-digit growth this year, with real estate values seen scaling all-time highs across all sectors, according to a report from Leechiu Property Consultants.

PPIE takes pride in bringing Philippine homegrown and trusted real estate and investment companies and brands into the UAE and bridging them to the Overseas Filipino market in the Middle East.

Now on its seventh edition, PPIE draws thousands of attendees who are keen to meet with the most reputable property developers, banks, insurance companies, government-backed financial, investment and savings institutions, money remittance centres and service providers.

PPIE, the biggest, longest running and most trusted Philippine property and investment expo in the Middle East region, will take place on April 26-27, 2019 at the JW Marriott Hotel Dubai in Deira. Individuals, who are interested to attend, can register for free at http://events.ppie.ae/register/ in order to gain access to the event.

PPIE is sponsored by Greenfield Development Corporation and Ayala Land. It is participated by Federal Land, Inc., SM Development Corporation, Sta. Lucia Land Inc., Green Circle Realty Sales, Inc., AboitizLand, Inc., Robinsons Land Corporation, ekar, Al Habtoor Motors – Mitsubishi (exhibitors); as well as supported by The Filipino Times and Tag 91.1 (media partner).

The biggest, longest running and most trusted Philippine business and investment forum in the Middle East is now on its seventh edition. The past six editions of PPIE made a history in the UAE and in the region by bringing in more than 21,000 quality visitors.

This event has been continuously attended by the leading most reputable property developers; banks; insurance companies; government-backed financial, investment & savings institution; money remittance centers; and services providers.

To know more about PPIE 2019, visit www.ppie.ae


Jobs

Editors Choice

CONFIRMED: Duterte approves PH’s participation in Expo 2020 Dubai

CONFIRMED: Duterte approves PH’s participation in Expo 2020 Dubai

President Rodrigo R. Duterte has signed an administrative order constituting the Philippine Organizing Committee (POC) for the Expo 2020 Dubai. On Wednesday, Duterte signed Administrative Order 17, assigning the Department of Trade and Industry (DTI) Secretary to be...

PPIE na! Handa na ba kayo?

PPIE na! Handa na ba kayo?

DUBAI: Filipinos across the UAE are excited about the much-awaited 7th edition of the Philippine Property and Investment Exhibition (PPIE) happening April 26 and 27 where major property developers from the Philippines will be huddled under one roof, rolling out best...

LOOK: Palm Sunday 2019 mass schedules in the UAE

LOOK: Palm Sunday 2019 mass schedules in the UAE

Catholic faithful around the UAE are expected to gather at the churches today, April 14 as they celebrate Palm Sunday that marks the beginning of the Holy Week and the last week of the Lenten season. Palm Sunday commemorates the arrival of Jesus in Jerusalem before...

Overseas absentee voting for Filipinos begins

Overseas absentee voting for Filipinos begins

DUBAI: Registered overseas Filipino voters start trooping to the Philippine Embassy and Consulate on April 13 as they cast their votes in the Philippines' midterm election where 12 Senate seats and one in the lower house are at stake. This as Ambassador Hjayceelyn...

‘Go out and vote’ — PH officials urge OFWs

‘Go out and vote’ — PH officials urge OFWs

DUBAI: It’s all systems go for the Philippine Embassy and Consulate as polling stations open at 8am on Saturday, April 13, in what will be the start of a 29-day electoral exercise of some 361,265 registered overseas Filipino voters in the UAE, who will be making their...

PPIE to hold comprehensive seminars on property investments

Filipino expats who are ready to invest but are still in need of proper guidance to invest in their property can now speak and talk to experts all the way from the Philippines at the ongoing Philippine Property and Investment Exhibition 2019 at the JW Mariott Hotel at...

Here are the top 10 jobs of the week

Wondering what job-seekers are looking into? Bayt, the number one job site in the Middle East, has identified the most searched jobs of the week in the UAE: Customer Service Executive - Harmony Connections (Dubai, UAE) Landing in the top spot is Harmony Connections’...

Pacman vs Thurman?

Senator Manny Pacquiao will likely fight American boxer Keith Thurman Jr. this July 20 in Las Vegas, media reports said. Boxing insider Mike Coppinger tweeted yesterday that both camps are “closing in on a deal” for a welterweight title bout. FOX pay-per-view will...

Ogie Diaz speaks up on Julia Montes’ “motherhood”

Ogie Diaz has decided to weigh in on the rumors that Kapamilya actress Julia Montes has already has given birth to her first child with actor Coco Martin. In Diaz’ social media post titled “Mama Ogs Answers”, the well-known talent manager and showbiz reporter answered...

Recent posts

We listed over 1,000,000 jobs from United Arab Emirates monthly.

Accomodation option available in the market.

Latest News
Subscribe to our free weekly newsletter and never miss a thing. No spam. Only hand-picked trending news.

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.

FOLLOW US

SIGN UP FOR NEWSLETTER

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.

FOLLOW US

SIGN UP FOR NEWSLETTER

© 2018 The Filipino Times. All rights reserved

Subscribe To Our Newsletter

Join our mailing list to receive the latest news and updates from our team.

You have Successfully Subscribed!

More in Finance, News
1,000 Pinoys voted in Dubai on first day of elections
Published On  April 14, 2019
11-year-old girl dies after getting hit by car in UAE
Published On  April 14, 2019
Hundreds of Saudi OFWs participate in first day of overseas voting
Published On  April 14, 2019
Close