The majority of overseas Filipino workers in the UAE chose Metro Manila as their preferred destination for property investment in the Philippines, according to a new survey.
Gulf Business News reported that Cebu, Laguna, Bulacan and Davao were the other provinces that ranked high. The survey was carried out by New Perspective Media ahead of its Philippine Property and Investment Exhibition in Abu Dhabi.
Ambassador to the UAE Grace Relucio Princesa said: “Many Filipinos working overseas now look at real estate as a major investment option. The Philippines has been forecast as Asia’s next economic miracle and investing there would likely yield better returns than elsewhere in Asia.”
The UAE has seen an influx of foreign workers from the Philippines in recent years, and is currently home to over 750,000 Filipinos.