91% of Filipino expats positive that their career in UAE will grow

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91% of Filipino expats positive that their career in UAE will grow

The survey polled 2,150 Filipino expats across the UAE.

by

A Staff Reporter

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Published: Tue 1 May 2018, 4:35 PM

Last updated: Wed 2 May 2018, 4:59 PM

A whopping 80% of Filipinos in the UAE plan to buy at least one real property for additional income and retirement fund apart from their residential home, a survey from Philippine Property and Investment Exhibition (PPIE) showed.
The survey results came a few weeks after the US News released their 2018 Best Countries ranking, using World Bank Group guidelines, citing that the Philippines is the top country in the world to invest in this year.
The survey shows that 91% of Filipino expats are positive that their career in the UAE will grow, while 95% believe that PH property values will continue to increase, and 83% believe that the weakening of peso against the dirham is making it cheaper to buy property in the Philippines.
The survey, commissioned by New Perspective Media, organizers of PPIE - polled 2,150 Filipinos across the UAE.
The 6th edition of PPIE will be held this weekend, May 4-5 at the JW Marriott Hotel in Deira, Dubai and will be participated by top developers, banks, financial institutions, exchange houses, and reputable service providers.
In preparation for retirement or going home for good, eight out of 10 said they would need at least one property to live off a comfortable life using rental income. There are approximately one million Filipinos in the UAE.
US News has named the Philippines as the best country in the world to invest in, following a survey of over 21,000 people from different backgrounds across world to review 80 different countries' foreign business investment climate.
Citing its population of 103.3 million, and a GDP of $304.9 billion, US News cited the Philippine was considered the best country in the world to invest in this year.
Supporting this is data from the United Nations reportedly stating that the country is "poised to benefit generously from foreign direct investment (FDI) that will come from regional powerhouses like China, who is looking to utilize labor from developing nations."


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