UAE Now Ayala Land’s Fastest Growing International Market, Posts 157% Revenue Growth in 2022

Ayala Land Inc. (ALI), the largest property developer in the Philippines, has marked its 10th anniversary in the United Arab Emirates (UAE) with a remarkable 157 percent growth, surpassing all other international sales and making it the real estate firm’s fastest-growing market internationally.

ALI registered AED7 billion in income in the UAE in 2022, compared to AED2.7 billion the year prior, due in part to a diversified real estate portfolio and the growing demand for investments from overseas Filipinos and foreigners from the Middle East region.

ALI’s overall reservation sales rose to PHP104.9 billion, a 14 percent YoY increase, with UAE-based Filipinos leading the pack as the most active buyers.

The surge in sales from overseas Filipinos and foreigners increased by 59 percent and 39 percent, respectively.

Anna Maria Margarita Dy, Ayala Land Executive Vice President, said: “Empowering overseas Filipinos through smart investments is not just a commitment, it’s a responsibility. That is why Ayala Land is proud to be at the forefront of securing a brighter future for them. We are also very pleased to see a growing number of foreign investors from the UAE, which is truly a world-class cosmopolitan and commercial hub. As we mark a decade of presence in the UAE, we reaffirm our promise to continue enriching the lives of more Filipinos and making the Philippines a preferred real estate investment destination for all.”

Philippine Ambassador to the UAE, H.E. Alfonso A. Ver, expressed his hope that Filipinos in the UAE would continue to make wise investments, particularly in the property sector, to ensure that the fruits of their labor are put to optimal use. (GFB)