This September, overseas Filipino workers and UAE residents who want to invest in the growing real estate market in the Philippines will have the opportunity to attend free investment seminars in Dubai. They will also have the chance to make business transactions directly with representatives from top real estate developers at the First Philippine Property Show in the Middle East on September 26 and 27 at the Crowne Plaza Hotel in Sheikh Zayed Road, Dubai.
Now is the best time to buy a house and lot or a residential condominium in the Philippines while the prices are lower compared to other Asian countries. Unlike other markets in Asia, which are driven by speculators, the growth in the Philippine real estate industry is due to a real demand from residential and commercial end-users. This stable investment environment is attractive to long-term investors from abroad, and Filipinos are committed investors who do not easily retract their investment in case of global crisis.
Some of the exhibitors in the real estate show include top developers like SM Development and Hamilo Coast of SM Group; Megaworld of Alliance Global; Alveo, Avida, and Ayala Premier of Ayala Land; and Aboitizland of Aboitiz Group, Cebu.
Besides Filipinos, foreigners are allowed by the law to buy and own residential condominium units covered by a Condominium Certificate of Title registered with Registry of deeds from the local government unit.