Ayala Land celebrates its 10th anniversary in Dubai with a high-level delegation visiting. ALI showcases sustainable development in line with UAE Year of Sustainability.
Dubai, United Arab Emirates – ayala land corp. Philippine real estate developer (ALI) celebrated its 10th anniversary in the UAE with 157% growth, outpacing all other international sales and making it the company’s fastest-growing international market.
With a diversified real estate portfolio and growing investment demand from overseas Filipinos and foreigners in the Middle East, ALI will generate AED7 billion in revenue in the UAE in 2022, up from AED2.7 billion a year ago.
ALI’s overall pre-booked sales rose to P104.9 billion, up 14 percent year-on-year, with Filipinos in the UAE as the most active buyers. Globally, sales from overseas Filipinos and foreigners surged, up 59% and 39%, respectively.
This, combined with the full reopening of the Philippine economy, brought ALI’s consolidated revenue to P126.2 billion, up 19% from the previous year, while its net income was up 52% to P18.6 billion.
Ana Maria Margarita DyAyala Land’s Executive Vice President, who led a high-level delegation from Ayala Land to visit the UAE, said: “Empowering Filipinos abroad through smart investments is not just a commitment, it is a responsibility. That is why Ayala Land is proud to be at the forefront of securing a brighter future for them. We are also pleased to see more A growing number of foreign investors come from the UAE, a truly world-class cosmopolitan city and business hub. As we enter the UAE for a decade, we reaffirm our commitment to continue enriching the lives of more Filipinos and Making the Philippines the preferred real estate investment destination for all.”
Philippine Ambassador to the UAE HE Alfonso A. seeexplain: “I would like to extend my warmest congratulations to Ayala Land on its 10th anniversary and express my hope that Filipinos in the UAE continue to invest wisely, especially in real estate, to ensure that the fruits of their labor are put to the best possible use.”
Ice GumbokThe President of Ayala Land International Sales, Inc. (ALISI) said: “As we witness the UAE’s Year of Sustainability, we at Ayala Land are also excited to showcase how Ayala Land has integrated eco-efficient practices into all of its developments, from responsible land acquisition and green building design to sustainable construction practice and management.”
Dy highlights sustainable development of Ayala lands in her keynote address Philippine Times Watch List: Top Engineers and Architects Summits and Awards March 17 in the Middle East.
ALISI is also in a series of roadshows at Swissotel Al Ghurair in Dubai from March 17th to 19th and at the Al Wahda Millennium Hotel in Abu Dhabi.
Manuel AbsALISI regional director said: “Filipinos in the UAE are more empowered today than ever before. The confidence of foreign investors has grown over the years. The key is that Ayala Land’s developments are designed to meet their changing needs and dynamic lifestyles . We are proud to be a part of their journey and look forward to building many more homes they will love.”
according to a national survey philippine times presented in Global Business Forum during Expo 2020 In Dubai, 96 percent of Filipinos in the UAE expressed optimism for continued expansion and prosperity in the UAE’s economy over the next 12 months. The survey also revealed that 89 percent of respondents believe their company’s growth will lead to an increase in salary or compensation package in the coming year.
Eighty percent of Filipinos living in the UAE expressed strong interest in investing in the next year, driven by increased income and financial literacy.
Theodore is Co-Founder and Editor-in-Chief of the TravelDailyNews Media Network; his responsibilities include business development and planning for TravelDailyNews’ long-term opportunities.