A SURVEY on Overseas Filipino Workers (OFWs) in the United Arab Emirates revealed that the majority of them are looking in investing in property.

The survey, conducted by the New Perspective Media (NPM) among 3,200 OFW respondents, showed that 62% of Filipino expats among the Middle East country are keen on investing their hard earned money on property.

It also showed that OFWs in UAE are looking to invest in entrepreneurial activities so they can own their own businesses.

This showed 58 percent of respondents as saying that they would like to invest in business.

Aside from owning properties and businesses, 30 percent of Filipino expats in the UAE answered they want to invest in life insurance, and 27 percent said they want to invest in the equity market.

"The growth in the Philippines' real estate market is backed by strong economic fundamentals and the country’s anticipated leadership role in ASEAN's (Association of Southeast Asian Nations) economic expansion. The long-term outlook remains positive, particularly with ongoing asset appreciation and attractive rental income,” NPM Group chief executive officer and founder Karen Remo said.

According to Remo, the appetite from OFWs to invest in property is an opportunity for the Philippine property sector amid the growing income of Filipino expats in the UAE.

The survey also said that seven out of 10 Filipinos in the UAE have noted an increase in their salary.