Pioneering Ethical Living: VER Dev Breaks Ground on Jumeirah Ville

A Historic Milestone for Islamic Real Estate in the Philippines

TAGKAWAYAN CITY, QUEZON — In a landmark move for the Philippine real estate industry, VER Development Corporation (VER Dev) officially commenced the construction of Jumeirah Ville Subdivision last January 26, 2025. This groundbreaking ceremony marks more than just the start of a new residential community; it signals the arrival of the country’s first fully Shariah-compliant development and financing model.

As a developer committed to inclusivity and ethical investment, VER Dev is bridging the gap for Filipinos seeking homeownership without compromising their faith or values.

A Convergence of Visionary Leaders

The event was a testament to the national significance of Jumeirah Ville, drawing a prestigious circle of advocates for Islamic finance and community development. The ceremony was headlined by:

• Commissioner Yusoph Mando (NCMF) and Prof. Luqman Bin Imam (President of PUCOI), representing the institutional support for Shariah-compliant growth.
• Gng. Samira Gutoc, Former ARMM RLA Member, and Dr. Abdullah Abtahi, a renowned Islamic Scholar, highlighting the project's cultural and academic integrity.
• Gng. Quennie Padilla, who attended on behalf of Senator Robin Padilla, showing the legislative interest in diverse housing solutions.

The ceremony was led by VER Dev CEO Mahmoud Abdelmoniem and Managing Director Jamila Arizala, whose leadership has positioned the company as a trailblazer in the "Real Estate for All" movement.

Building with the Community, for the Community

The success of Jumeirah Ville is deeply intertwined with the local spirit of Tagkawayan. Mayor Carlo Eleazar and Vice Mayor Danny Liwanag expressed their full support for the project, noting its potential to boost the local economy and provide high-quality housing.

Key local officials, including Barangay Captain Ronnel Miranda (Munting Parang), Executive Assistant Glenn Tolentino, and Municipal Planning and Development Coordinator Francis Villanueva, were instrumental in ensuring the project integrates seamlessly with the city’s urban master plan.

The Jumeirah Ville Advantage: Shariah-Compliant Excellence

While traditional real estate relies on interest-based (Riba) loans, Jumeirah Ville offers a refreshing alternative. VER Development Corporation holds the distinction of being the first and only developer in the Philippines to provide:

• Interest-Free Financing: Transparent, ethical pathways to property ownership.
• Halal-Certified Process: Ensuring every step of development aligns with Shariah principles.
• Strategic Location: Nestled in the growing hub of Tagkawayan, offering both serenity and accessibility.

The Future of Real Estate is Ethical

"Jumeirah Ville is our response to the call for more inclusive financial systems in the Philippines," says the VER Dev leadership team. "We are not just building houses; we are creating a blueprint for ethical urban living that honors the diverse needs of the Filipino people."

As the dust settles on the groundbreaking site, the foundation for a more inclusive future has been laid. Jumeirah Ville is officially open, inviting families to secure their future through a partnership they can trust.