Wednesday, September 26, 2018

Apr 16 18, 10:02 am

Free burgers in Dubai this October

A burger shop in Dubai is giving away free burgers for the whole month of October in celebration of their first anniversary. The Grill Shack, located at Dubai Mall, is offering a two-for-one burger promo available from 5 p.m. to 7 p.m. on weekdays, reported Timeout...

Get up close and personal with TNT Boys, BoybandPH, and Janine Berdin!

Platinum ticket holders for the upcoming Pinoy Hype Dubai concert are in for a treat as they will get an exclusive meet and greet with the Philippines’ most sensational performers for 2018! They will get their chance to take photo ops together with TNT Boys, BoybandPH...

UAE and Italy sign MoU on environmental sustainability

Photo: Italian Minister for the Environment, Land and Sea Sergio Costa (left) and Minister for Climate Change and Environment Dr. Thani bin Ahmed Al-Zeyoudi (right) sign an agreement between the two countries to cooperate towards sustainable development. The UAE...

Can a foreigner legally purchase a condo unit in the Philippines?

by | Feature, Finance, Property

To cut it short – YES! There is a possibility for a foreigner to own a condo unit under their own name as long as certain conditions are met.

According to Section 5 of RA (Republic Act) 4726 a.k.a The Condominium Act which states that:


“…That where the common areas in the condominium project are held by the owners of separate units as co-owners hereof, no condominium unit therein shall be conveyed or transferred to persons other than Filipino citizens or corporation at least 60% of the capital stock of which belong to Filipino citizens, except in cases of hereditary succession. Where the common areas in a condominium project are held by a corporation, no transfer or conveyance of a unit shall be valid if the concomitant transfer of the appurtenant membership or stockholding in the corporation will cause the alien interest in such corporation to exceed the limits imposed by existing laws.”

This means that 40% of ownership in units within a condo tower can be owned by foreigners. However, it is in this same reason why the allotted units for foreigners in condominiums are scarce which is why if you’re a foreigner who plans to purchase a condo unit in the Philippines, participating in pre-selling is recommended so that you can secure your condo unit as soon as possible.

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4th Filipino Times Awards honor Pinoy achievers, preferred brands

4th Filipino Times Awards honor Pinoy achievers, preferred brands

The Filipino community has become a major contributor of the development in the UAE. With an ever-increasing purchasing power, Filipinos are now the fastest growing consumer market segment in the UAE. DUBAI: Nobody said it could get any grander, but it did! The 4th...

Duterte set to ‘speak to the nation’ today—Palace

Duterte set to ‘speak to the nation’ today—Palace

President Rodrigo Duterte will be “speaking to the nation” on Tuesday, September 11, presidential spokesperson Harry Roque announced. During a press briefing, Roque said that Duterte announced in Davao City that he would like to address the nation tomorrow around 3 in...

Another batch of OFWs from Dubai returns to Manila today

Another batch of OFWs from Dubai returns to Manila today

A total of 112 undocumented overseas Filipino workers from Dubai have returned to the Philippines on September 10. The Department of Foreign Affairs said that the fifth batch of repatriates boarded Philippine Airlines flight PR 659 and landed at the Ninoy Aquino...

Free burgers in Dubai this October

A burger shop in Dubai is giving away free burgers for the whole month of October in celebration of their first anniversary. The Grill Shack, located at Dubai Mall, is offering a two-for-one burger promo available from 5 p.m. to 7 p.m. on weekdays, reported Timeout...

UAE and Italy sign MoU on environmental sustainability

Photo: Italian Minister for the Environment, Land and Sea Sergio Costa (left) and Minister for Climate Change and Environment Dr. Thani bin Ahmed Al-Zeyoudi (right) sign an agreement between the two countries to cooperate towards sustainable development. The UAE...

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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.

FOLLOW US

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