Dubai-based real estate company ventures into Philippines market through ERA

Dubai-based real estate company ventures into Philippines market through ERA

Dubai’s prominent developer, DAMAC Properties, has officially made its entrance into the Philippine market by collaborating with ERA Philippines to host an exclusive Dubai Property Showcase. This event is directed at investors looking to expand their portfolios internationally.

Showcasing Opportunities in Dubai Real Estate

The Dubai Property Showcase highlighted an impressive array of residential projects in Dubai. From upscale urban towers to meticulously planned waterfront communities, DAMAC Properties demonstrated its commitment to tapping into the burgeoning interest among Filipino investors in global real estate opportunities. The company’s strategic focus reflects a recognition of the increasing desire among Filipinos for diverse investment options, particularly beyond their own borders.

Jemariz Austria, the Director of Marketing and Public Relations at ERA Philippines, articulated the rising curiosity among Filipino investors. “We’ve seen a considerable interest in exploring assets outside of the local market,” she noted. As investors become more intentional about diversification, there is an evident need for reliable channels to understand and access these international markets.

A New Era of Investment Accessibility

ERA Philippines aims to bridge the gap between local investors and global real estate opportunities. By partnering with DAMAC Properties, ERA provides Filipino investors with the needed clarity, guidance, and confidence to explore markets such as Dubai. The partnership represents a proactive effort to make international real estate more approachable and effectively caters to the needs and preferences of Filipino investors.

The showcase featured notable projects, including Safa Gate along Sheikh Zayed Road, DAMAC Islands—where residences begin at approximately P10.9 million, DAMAC Riverside Views, and Chelsea Residences. These developments exemplify the luxury and potential returns offered in Dubai’s real estate landscape, making them attractive options for discerning investors.

The Track Record of DAMAC Properties

Established in 2002, DAMAC Properties has a robust history in real estate development, having successfully delivered over 50,000 homes. Currently, the company boasts more than 54,000 units under construction and is planning over 100 million square feet of developments across 15 global cities. This impressive track record positions DAMAC as a reliable player in the real estate market, drawing in investors eager to capitalize on the brand’s expertise.

With the launch of ERA Philippines in 2024, the company now stands as the 40th country in the ERA network. Its focus on residential and commercial brokerage services signifies a comprehensive approach to meeting the evolving demands of the investment landscape. By offering specialized insights into the market, ERA Philippines aims to empower Filipino investors seeking to diversify their portfolios in a global context.

In summary, DAMAC Properties’ entry into the Philippine market through a partnership with ERA Philippines marks a significant step for both entities. By connecting Filipino investors with lucrative opportunities in Dubai, they are paving the way for a new era of international real estate investments, characterized by informed decision-making and greater accessibility.