- Turkish real estate transactions by UAE residents have increased by 160% in the last two years, according to Turkey’s Ministry of Land Registry.
Investors from the Emirates alone account for more than 300,000 sqm of space .
332 UAE citizens purchased property in 2015
- In 2015, more than 500,000 Arab Gulf residents visited Turkey with investments from the Gulf accounting for almost 30% of total transactions. According to the Turkish Land Registry, 332 UAE citizens purchased property in 2015 – with the country ranking among the top nations in terms of square meterage, at more than 433 sqm per person.
Wouter Molman, director of Cityscape Group
- Wouter Molman, director of Cityscape Group, said: “Turkey appeals to the UAE investors on multiple levels, from the comfort factor of cultural similarities such as halal food and plentiful mosques, through to the cosmopolitan positioning of a city like Istanbul. Current investment hotspots for UAE residents are Istanbul, Trabzon on the Black Sea coastline and Yalova and Bursa in the northwest of the country.
UAE ranks in the top 10 of real estate investment
- Ali Agaoglu, chairman of Agaoglu, said: “As of 2016, the UAE ranks in the top 10 of real estate investment, which confirms the attraction of Turkey as a secure investment environment and a destination that delivers on quality, backed by a stable economy and acknowledged regulatory transparency, both of which are also key to ensuring investor confidence.”