Filipino Homes Expands into Dubai with Official Trade License
Filipino Homes, a well-established real estate company based in Cebu, has successfully secured a trade license in Dubai, opening the door for the company to conduct business and investment transactions within the city legally.
This strategic move is set to strengthen Filipino Homes’ presence in the Middle Eastern market, with a particular focus on expanding real estate investment opportunities.
Founder Anthony Gerard Leuterio, who was recently honored with the 2024 International Realtor Award, highlighted the importance of the trade license for facilitating significant investment transactions in Dubai.
“In Dubai, having a trade license is essential for large-scale investment meetings and property transactions,” Leuterio explained. “Now that we have our official office and license, we are equipped to organize property expos and streamline operations for developers.”
The trade license also allows Filipino Homes to host daily developer presentations in Dubai, offering an operational office space and reducing costs for partners.
“Now, developers can partner with us and legally conduct their presentations in our office using our trade license,” Leuterio added.
The Dubai expansion strengthens Filipino Homes’ position as a key player in the global real estate sector.
“This is a major milestone for our property sector,” said Leuterio. “Having a professional presence in Dubai allows us to showcase Filipino real estate talent on the global stage.”
One of the key markets Filipino Homes serves is the Overseas Filipino Workers (OFW) community, who continue to seek real estate investment opportunities.
Leuterio noted, “Many OFWs are looking for ways to generate investment income, and real estate remains one of the top options for them.”
Supporting this trend, remittances from Overseas Filipinos (OFs) saw a 2.7% increase in October 2024, reaching US$3.42 billion, up from US$3.33 billion in the same month the previous year. This growth reflects the steady inflow of remittances from both land-based and sea-based Filipino workers.
From January to October 2024, remittances totaled US$31.49 billion, marking a 3% increase compared to US$30.57 billion during the same period in 2023.
