Majority of overseas Filipino workers (OFWs) that are based in the United Arab Emirates (UAE) want to invest in property and business, according to a survey conducted by integrated marketing and communications firm New Perspective Media (NPM).

NPM noted that of the 3,200 UAE-based OFW respondents in the survey, 62 percent said they want to invest their salaries in property or real estate.

In the same survey, 58 percent of the respondents stated that they would like to invest in business, preferring entrepreneurial activities.

About 30 percent of the respondents said they want to invest in life insurance, and 27 percent answered that they want to invest in the equity market.

Dr. Karen Remo, chief executive officer and founder of NPM, underscored, “The growth in the Philippines’ real estate market is backed by strong economic fundamentals and the country’s anticipated leadership role in ASEAN’s (Association of Southeast Asian Nations) economic expansion.”

She added, “The long-term outlook remains positive, particularly with ongoing asset appreciation and attractive rental income.”

Dr. Remo said that this appetite from OFWs to invest in property provides an opportunity for the Philippine property sector amid the growing income of Filipino expats in the UAE.

Seven out of 10 Filipinos in the UAE said they have experienced a significant increase in their salary, with seventy-five percent saying that they earn at least AED5,001 (UAE Dirhams), equivalent to PHP78,000, per month.

The NPM is spearheading the Philippine Property and Investment Exhibition (PPIE), the country’s largest international property and investment show, on May 11 to 12 at The Bristol Hotel, Deira, Dubai.

Dr. Remo is a Dubai-based Filipina herself who has chosen to engage in entrepreneurial activity.
Apart from forming and heading the NPM, she publishes The Filipino Times—the biggest free newspaper in the UAE and the largest digital platform for Filipinos in the region.

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