Cebu-based Filipino Homes has officially acquired a trade license in Dubai, enabling the company to legally conduct business and real estate investment transactions in the city. This move strengthens its foothold in the Middle Eastern market and enhances opportunities for Overseas Filipino Workers (OFWs) seeking investment options.
Founder Anthony Gerard Leuterio, the 2024 International Realtor Awardee, emphasized the importance of the trade license in facilitating larger-scale operations. “In Dubai, a trade license is crucial for conducting investment meetings, especially when selling on a bigger scale,” Leuterio said in a SunStar Cebu report.
The new license allows Filipino Homes to organize property expos and daily presentations for developers, saving costs and offering a fully operational office in Dubai. “All developers can now tie up with us and legally conduct presentations using our trade license,” Leuterio added.
Leuterio also highlighted the company’s commitment to professionalism in the global real estate market. “This is a happy development for our property sector because there is somebody now who can push for our products professionally. Our goal is to produce world-class Filipino real estate professionals,” he said.
Filipino Homes’ expansion comes at a time when OFWs are increasingly turning to real estate as a viable investment. Money sent home by Overseas Filipinos grew by 2.7 percent in October 2024, reaching $3.42 billion, while remittances for the first 10 months of the year totaled $31.49 billion, a three percent increase from the same period last year.
