It is no understatement to say that Davao City is one of the country’s best examples of a progressive city. It is known by most as the regional center for finance, trade, commerce, and education in Mindanao. The third-most populous city in the country has also had a booming real estate market for years, led by land developers, property investors, and infrastructure projects.
By all accounts, Davao City is considered one of the safer cities in the Philippines to live in. Commercial establishments, hospitals, places of worship, and schools are highly accessible, as well. The city has also lowered its incidence of poverty from 13.83% in 2000 to 9.2% in 2015, according to the Philippine Statistics Authority.
These reasons, coupled with Its low crime rate and variety of transportation hubs, make it an even more interesting place for families looking to relocate to and start new lives, too.
While all its residents are “Davaoeños,” Davao City has done a good job of recognizing its local communities, both indigenous and foreign. The city is home to six Moro and five Lumad communities. These include the Maranao, Tausug, Iranun, Maguindanaon, Kagan, and Sama, as well as the Ubo Manuvo, Matigsalog, Klata, Ata, and Tagabawa.
Meanwhile, small groups of migrants from Indonesia, Malaysia, Japan, China, and more are all integrated into city life. There is even a respectable expat community in the locality.
This is why, other than Cebuano, indigenous and foreign languages are spoken in different circles, from Hiligaynon, Chavacano, and Giangan to even Hokkien. The majority of residents are mostly comprised of Roman Catholics. Independent religious organizations have a strong presence, too. Non-Christian faiths such as Islam, Hinduism, Judaism, and more are also part of the local culture.
Kadayawan Festival remains the largest and most popular celebration in the city, which, in pre-colonial Philippines, was meant as a celebration of the harvest and thanksgiving to nature. It acknowledges the 11 indigenous groups in the city. In case you were wondering, yes, the festival is as fun as it looks!
Economic Security and Stability
The Department of Trade and Industry’s 2020 Cities and Municipalities Competitive Index placed Davao City at the second spot out of 33 highly urbanized cities. The factors for the high ranking include infrastructure, resiliency, government efficiency, and economic dynamism. It was ranked first in presence of business and professional organizations and productivity, as well as second in local economic structure and increase in employment. The city also ranked first in road network and health.
Agriculture is still considered its top sector. Plantations, like the ones for coffee, pineapple, banana, and coconut, dominate its local economy. The chocolate industry has thrived, as well (Davao City is named the “Chocolate Capital of the Philippines, after all). Davao City has quite the BPO sector, as well. The Davao Gulf, on the other hand, offers fisherfolk plenty of livelihood opportunities.
Davao City is easily accessible by almost all mediums of transportation. Whether it be air, sea, or land, the city boasts a robust transport system for tourists and residents alike. Jeepneys, vans, buses, tricycles, and more contribute to the city’s movement. The Philippine–Japan Friendship Highway makes it easy, too, as this connects to major seaports in the country. It’s Francisco Bangoy International Airport is also a leading airport in Mindanao.
Investing in Property in Davao
For families, master-planned communities such as Camella Buhangin and Camella Toril offer guarded living spaces and easy access to the Francisco Bangoy International Airport. The Lyceum of the Philippines-Davao is near the residential project, as well.
Young professionals and investors should look at new properties like Avida Towers Abreeza and Lane Residences. Live in comfort with excellent amenities and a prime location. Wet markets and leading malls are also situated near these developments. Their locations offer diverse dining, entertainment, and leisure opportunities, too. Projects like Bria Homes Tagum and Bria Homes Panabo-Carmen, on the other hand, offer low-cost house and lot packages in fringe areas outside the city.
In many ways, Davao City provides home seekers a safe alternative to cities in Metro Manila. It takes all the best characteristics of the leading urbanities in the country and combines them with easygoing, provincial life. With its lower cost of living and excellent local structure, no wonder investors, developers, and homebuyers are taking notice.
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