June 24, 2019

Federal Land brings real estate investment opportunities to OFWs in Dubai

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In photo are: Marieless R. Uy (Federal Land sales referral partner in Dubai); Chary B. Francisco (Federal Land Corporate and Digital Marketing Head); Jasmin B, Fisalbon (Federal Land Director of Sales, Stars Division); John Frederick C. Cabato (Federal Land Senior Vice President & Head of Sales and Marketing); our sales referral partners in Dubai: Honey Mae De Guzman, Mark Jayson Balaguer, Mark Emman Culapo and Jerome Barrocan.

The United Arab Emirates is reputable as a leading destination for Overseas Filipino Workers (OFWs).  With high wages and a zero income tax policy, over 800,000 OFWs in Dubai made an astounding remittance of at least $6.62 billion in 2018, according to the latest government figures.

The steady financial gains thus encouraged financial literacy and investment among the Filipino population, with real estate investment a major point of interest.  In a survey by New Perspective Media Group, 8 out of 10 Filipino expats in UAE are considering buying property in the Philippines within the next 12 months. Property tops the list of preferred investments (55%), a growingly popular alternative to putting money into a savings account, money market or insurance.  The top 3 locations preferred are Manila, Cavite, Laguna.

Introducing OFWs to an array of valuable real estate opportunities, esteemed real estate developer of 47 years Federal Land, Inc. joined the recent Philippine Property and Investment Exhibition (PPIE) at JW Marriott Deira in Dubai, United Arab Emirates. The Philippine Property and Investment Exhibition is the largest exhibition of Philippine real estate investment in the Middle East featuring the top firms of the Philippine property scene such as Federal Land, Ayala Land, SMDC, Robinsons Land, Greenfield Development, and Aboitiz Land among others.

Federal Land’s presence at the exhibition underscores its motivation to support OFWs in Dubai in their quest of looking for their dream homes and investments properties. Federal Land showcased Palm Beach West – Baler, one of four towers in the company’s sprawling 4-hectare Metro Park, a mixed-use estate in Pasay City; Florida Sun Estates – Orlando, the latest phase to join the resort-like and clustered residential development in Cavite City; Siena Towers, a two-tower high-rise residential condominium in Shoe Capital suburban, Marikina City; and Quantum Residences, a millennial-oriented condominium community located at Sen Gil J. Puyat Avenue corner Taft Avenue.

In his talk during the event, Federal Land’s Senior Vice President and Head of Sales and Marketing John Frederick Cabato urged attending OWFs to “leverage the sustained strength and growth of the Philippines’ real estate industry.”  He emphasized the value of being decisive and daring in their investment as “their decisions today would shape their future, especially when the time comes for them to head back home.”

OFWs showed high interest in Federal Land’s condominium developments, learning how they are ideal for themselves and their families with the properties’ unique design, modern amenities, and conveniences, as well as strategic locations, which encompassed proximity to universities, growth priorities by the local and national government, and ideal retirement areas.

For more info about Federal Land’s latest developments, visit www.federalland.ph.