“We expect a 1 per cent to 3 per cent increase in rents in the short to medium term horizon.

According to Karen Remo, partner and managing director of New Perspective Media (NPM), which conducted the UAE survey, most Filipinos in the emirate are confident about their jobs and this high level of optimism is “boosting their purchasing power.”

“Today, a bigger chunk of Filipino expats is more financially literate and their top investment preference is property,” she said.

Fastest-growing Asean economy

“This comes as no surprise because the World Bank forecasts that the Philippines will continue to be the fastest- growing economy in Asean (Association of South East Asian Nations) this year up to 2020, driven specifically by a dynamic real estate sector in 2018.

A scene at the Bonifacio Global City, once a military base now transformed into a business district that rivals the old Makati financial centre. Under President Rodrigo Duterte, the Southeast Asian country is experiencing an infrastructure boom driven by a mix of government spending and private investments. Over the next few years, the government is set to embark on an ambitious $180-billion infrastructure spending bonanza, set to transform the country.

NPM is organising an event, the Philippine Property and Investment Exhibition (PPIE), which will be held from May 4 to 5 at the JW Marriott Hotel in Deira, Dubai. It will gather together representatives of developers from the Philippines and showcase properties to Filipino expats.

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