Emirati investments in the Turkish real estate sector
The most important Emirati investments in the Turkish real estate market
Arabs are the most interested in owning and buying real estate in Turkey, and the Emiratis have the largest attendance, especially after the many facilities provided by the Turkish government and the abolition of the principle of reciprocity in 2012.
In your opinion, what is the secret of the presence of UAE investors in Turkey? What is the reason for choosing the real estate sector in particular?
In this article, we chose to shed light on everything related to Emirati investments in real estate in Turkey. If this is one of the topics of interest to you, you can follow these lines with us.
At the outset, let us tell you that the volume of Emirati investments in Turkey is growing significantly and clearly, and this has emerged clearly in recent years, and this, if indicated, indicates the strong relations that combine Turkey and the UAE, and on the other hand, it indicates Turkey's distinction, growth and great development.
Table of contents
Can Emiratis buy real estate in Turkey?
Of course, a holder of Emirati citizenship can buy and own all types of real estate available in Turkey without any restrictions, and they are subject to the general laws that are imposed on everyone and are as follows.
- They cannot own more than thirty hectares in different parts of Turkey.
- If the percentage of foreign ownership in a region reaches more than ten percent of its total area, the Land Registry Directorate issues a decision to stop granting licenses to foreigners.
- They cannot own property within security or military zones.
Where do Emiratis buy real estate in Turkey?
Of course, the Emiratis are distributed in various Turkish states, but at the top of the list comes the state of Istanbul, as it always records the highest percentage of real estate sales.
In the European section of the city, one of the Emirati projects won the award for the best mixed-use architecture in Europe, and according to some reports and statistics, their focus is particularly on hotels and residential complexes with a sea view.
It is worth noting that they prefer areas with a view of the Mediterranean Sea in Turkey and the Black Sea.
What attracts Emiratis to Istanbul in particular, and not other Turkish cities, is that it is rich in various real estate and investment projects with high-end specifications and modern international standards, which are no less important than European countries.
Why is the Emirati looking for apartments for sale in Turkey?
Certainly, the choice of UAE investors to own real estate in Turkey was not random, but rather a natural result of the many advantages and endless advantages that can be obtained.
Below we review together the most prominent motives that encouraged the Emirati investor to buy real estate in Turkey.
1 - Obtaining Turkish citizenship:
It is the first motive, as it can be obtained easily only through the investment value of at least four hundred thousand US dollars + the obligation not to sell the property before the lapse of three years from the date of its purchase.
This citizenship helps them in their investment business and link their investments in Turkey with those outside, thanks to the Turkish government's close relations with most developed countries, especially the European Union.
Add to your information the size of the great advantages that accrue to the investor, such as:
- Obtaining all the rights enjoyed by a Turkish citizen.
- Obtaining a Turkish passport.
- Take advantage of public services.
- Keep the original nationality.
2 - Real estate prices in Turkey:
They were attracted by moderate and very suitable real estate prices if you compare them with the prices that you find in Europe or America and even in some Arab countries, and add to your information that the appropriate prices are accompanied by high quality and modern high-end specifications.
3 - A field for real estate investment:
With all its advantages and components, Turkey has proven that it is an ideal environment for real estate investment to obtain profitable monthly and guaranteed returns as well, especially in the tourist seasons due to the increasing demand for purchase and rental.
4 - Strategic location:
Turkey is distinguished by its unique location on two continents (the European continent and the Asian continent) and also in the middle of three continents (Asia, Africa and Europe) and it overlooks four seas (the Aegean Sea - the Black Sea - the Marmara Sea - the Mediterranean Sea).
This distinguished location gave it a lot of diverse characteristics and attracted many businessmen to it.
5 - Government facilities:
The Turkish government did not hesitate to provide all the privileges that the foreign investor is looking for that help him build a profitable and successful real estate investment, the most important of which are:
- tax cuts.
- Exemption from the value added tax for those who buy a property for the first time.
- Granting the investor security and protection through the real estate appraisal document.
- Ease of procedures for owning real estate in Turkey.
- Allowing foreigners to buy real estate in Turkey remotely.
In this context, it must be noted, however, that among the reasons that motivate foreigners and Emirati investors around the world to choose to invest in the real estate sector in Turkey are the strong and distinguished relations between the Turkish and Emirati governments, and there are plans to establish many huge Emirati projects during the coming period in Turkey.
What you do not know is that Emirati investments in Turkey are not limited to the real estate sector, as their business included many other areas such as:
- medical sectors.
- Food Industry.
- transformative areas.
- Logistic investments.
- real estate sectors.
- Tourist areas.
- sustainable energy.
What can be shown is that their investments included and covered all fields and sectors without exception.
Now that you have a clear and complete perception of Emiratis' investment in the real estate sector in Turkey, if you have any other inquiries regarding foreign ownership of real estate in Turkey, you can follow our website constantly to get an explanation of what is mysterious to you.
We are keen to provide you with all the information that interests you about the Turkish real estate market, as this will help you make the decision to invest in this country.
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