05/04/2019
4 Real Estate Investment Opportunities For Filipinos In Dubai
With higher wages, zero income tax policy, and a thriving economy, United Arab Emirates is one the leading destinations of OFWs. Over 600,000 Filipinos work and live in the United Arab Emirates, 450,000 of which are in Dubai forming 21.3% of the city’s population. Filipinos in Dubai, our “kabayans,” are employed primarily in the fields of hospitality, information technology, marketing, medical, telecommunications, real estate, construction, and service. In 2018, Filipinos in Dubai and other emirates in UAE remitted a total of $1.5 billion or (DH5.5 billion), significantly providing for their families back home.
Despite the good salaries enjoyed right now, every OFW should set up something as supplementary income to cushion you and your family on your retirement years. You can put up a business for the family to manage. But if you find running a business is daunting, you may want to invest in real estate and play the rental or resell game.
Here are four major opportunities to get you started in real estate investments.
QUANTUM RESIDENCES
Designed for millennials on the go, Quantum Residences is a modern condominium community strategically located at Sen Gil J. Puyat Avenue corner Taft Avenue. Quantum Residences rises beside Arellano University in Pasay City will provide a convenient Metro Manila address and a full set of amenities to help motivated and hardworking young professionals in their pursuit of studies, career, and interests. Each residential unit is equipped with keycard door lock security, USB outlets, and fiber-optic internet connection provision.
With Manila’s university belt in the North, Makati Central Business District in the East, and Bay Area Central Business District in the West, a Quantum Residences condo can be rented out to students, young professionals and small families looking for a hip new home near the places that matter the most.
PALM BEACH WEST
If you are looking to invest into the hottest real estate hotspot right now, where you can be sure of high returns, look no more but at Bay Area Central Business District. In the 2019 forecast report, global real estate organization, Colliers International Philippines projected that the Bay Area will be among the most in demand and expensive condominiums for sale that will go beyond PHP300,000 (USD5,700) per sqm. The high Demand and the subsequent soaring price can be attributed with the Bay Area rising as the entertainment capital of the country that houses four major casino resorts: Solaire Resort and Casino; City of Dreams Manila; Okada Manila; and Resorts World Bayshore.
Prime real estate company Federal Land Inc. is one of the pioneer developers in the Bay Area with its sprawling 36-hectare master-planned township, Metro Park. One of the latest condominiums to rise in the Metro Park, Bay Area is Palm Beach West - Baler Tower, a resort-inspired community crafted to welcome warmth and relaxation. Each unit is designed to give space to unwind and a resort-inspired amenity deck to complete the urban and adventure scene of your lifestyle. A Palm Beach West – Baler Tower condo unit can be rented out or resold to young professionals, small families, retirees, and foreign immigrants.
SIENA TOWERS
Located on the eastside of Metro Manila, Marikina City is a picturesque old city seemingly caught in between urban modernization and rural simplicity. Marikina is a quiet city-town where the elderly can sit at a park bench; where the kids can safely ride their bikes in the main street; and where the young and old can actively build their careers in the week and pursue other interests in the weekends. It is this fusion of the urban and suburban that makes Marikina an ideal home for many Filipinos raising their family.
Marikina may be best known as the Shoe Capital of the Philippines, but the city has a lot more to offer to those discerning to invest in her. Siena Towers is a two-tower condominium offers a beautiful and secure home in a vibrant community with shopping malls, business parks, museums, food crawls and premier universities such as Ateneo de Manila University, University of the Philippines – Diliman and Miriam College within easy distance. It is an ideal home you can rent or resell to families, retirees, and professionals looking for peace and quiet near the bustling city.
FLORIDA SUN ESTATES
With the government-led Build, Build, Build projects running through provinces around Metro Manila such as Cavite, an investment in these areas is a wise decision with potentially high returns. In the 2019 forecast report, Colliers expects major developments in the Northern and Southern Luzon as land within Metro Manila becomes scarce and the provinces become more accessible after the completion of rail, expressway, and toll road projects between 2020 and 2022.
Inspired by the tropical paradise of Florida, USA, Florida Sun Estates is Federal Land’s master-planned community in General Trias, Cavite. The development offers thoughtfully designed homes, a full set of amenities, and important places such as shopping malls, universities and major roads within easy reach. Florida Sun Estates have condominiums and house and lot units perfect to rent or resell to young families, professionals, retirees, entrepreneurs, and foreign immigrants looking to live the good life away from the hustle and bustle of the metropolis.
For Filipinos in the Middle East who want to know more and interested invest in various Federal Land projects, visit our property page or join us in the Philippine Property and Investment Exhibition on April 26-27, 2019 at Marriott Deira, Dubai, United Arab Emirates.
