Did you know? Dh26 a day can get you a nice condo

DUBAI: Did you know that for as little as Dh26 dirhams a day, you could have a yourself a nice condo for your retirement or a source of passive income through rents?

This, according to developers participating in this year’s 7th edition of the Philippine Property and Investment Exhibition (PPIE), who told The Filipino Times that on average, an overseas Filipino worker (OFW) making some Dh4,000 a month has Dh1,000 left for savings, granting Dh1,000 is regularly remitted to loved ones back home and Dh2,000 is spent on rent and food working in the UAE.

This savings, said Vince Lubrin, International Property Specialist/Licensed Real Estate Broker at SMDC Residences, one of the participating developers at PPIE, is spent on the property investment.

He said monthly payments are in the range of Php10,000 to Php20,000 (Dh710 to Dh1,400).

On average, for someone making Dh4,000 for instance, 20% of the salary is some Dh800. “Kayang kaya talaga. Kung ibe-breakdown mo pa yan ay Dh26 lang per day,” Lubrin said.

If it’s house and lot that is preferred, the goings rate is around Dh1,100 a month or Dh36 a day, according to Miguel Bilan, sales and operations manager at Sta. Lucia Realty international, another PPIE participant.

“Maliit na bagay lang iyan in a day kung talagang you’d do it religiously. Huwag na lang muna mag-Starbucks,” Bilan said.

Same advice from Lubrin: “The key here is financial discipline and delayed gratification in order for you to start investing,” he said.

Aside from SMDC and Sta. Lucia Realty, other participants include AyalaLand, Greenfield Corporation, Robinsons Land Corp. and Aboitizland.

The longest-running, most trusted and biggest Philippine investment event in the Middle East region, Philippine Property and Investment Exhibition (PPIE), is back. It has helped thousands of OFWs own their very own home. Be part of PPIE 2019 on April 26-27 to reach your aspired home. Like @ppieuae on facebook to get tips and alerts on unbeatable deals.

Source: The Filipino Times