Dubai’s largest property Deyaar development and real estate services companies, today announced details of a strategic partnership with Aşçıoğlu, a leading Turkish real estate brand. Aşçıoğlu will introduce an exclusive tower in the Dania District of Midtown to Turkish investors keen to invest in the thriving UAE property market.
Dania District is the second phase to be constructed of the grand 1.2 million square feet mega Midtown development. comprising a built-up area exceeding five million square feet, Midtown is located in Dubai Production City, the growth corridor of the city, close to the Jebel Ali port, Expo 2020 and Al Maktoum International Airport.
The co-branded property will be the first time Aşçıoğlu’s prestigious property brand Selenium, has branched overseas, a testament to Dubai’s continuing success in attracting overseas property investment.
The Selenium portfolio includes many significant properties in Istanbul including the landmark ‘Selenium Twins Towers’. The exclusive tower in Dania District will be customised to the needs and tastes of Turkish customers with the high-quality architecture and living environment for which Deyaar is renowned.
The partnership was announced today in Dubai by Deyaar’s Chief Executive Officer Saeed Mohammed Al Qatami and Chairman of Aşçıoğlu, Yaşar Aşçıoğlu. It follows a memorandum of understanding signed by the two companies in June 2015.