Emirati investments in the Turkish real estate sector

07/10/2022
Investment in Turkey

There is a great demand for the real estate market in Turkey, as investors come to it from different countries of the world, especially the Arab countries, and specifically the Arab Gulf countries, for example, holders of Emirati citizenship are considered the most popular and invested in Turkey at all. Many advantages have prompted and encouraged them to take this step, and in this article some details about this matter.

What encourages Emiratis to buy real estate in Turkey?

There are many reasons why Emiratis may buy real estate in Turkey and some of these reasons can include the following:

- The climate in Turkey is more temperate than in the UAE, which may be attractive to those who want to escape the heat.

- Turkey is a beautiful country with a rich culture and history, which can attract Emiratis who are looking for sophistication and distinction.

- The cost of living and real estate prices in Turkey are much lower than in the UAE, making it an affordable option for investors.

- There are many direct flights between Istanbul and Dubai, making it easy for Emiratis to travel back and forth between the two countries.

Other areas in which Emiratis invest in Turkey

Away from the real estate sector, the Emiratis are investing in many other areas in Turkey, in order to obtain the largest possible benefits, and this has become more intense after other agreements that were signed a short time ago between the two countries, the most important of which are:

1 - Emiratis invest in industry

The United Arab Emirates and Turkey have a strong economic partnership, with the United Arab Emirates being one of the largest investors in Turkey and according to the Turkish Ministry of Economy, UAE investments in Turkey totaled $9.4 billion in 2018 and in 2019, the UAE was Turkey's seventh largest trading partner, with Bilateral trade totaled $16.7 billion and the two countries signed a number of agreements to boost investment and economic cooperation.

2 - Emiratis' investment in agriculture

Turkish agriculture has been one of the most consistent and profitable investments for Emirati individuals and institutions in recent years and the reasons for this are many, but they can generally be summarized as follows:

- The Turkish agricultural sector is very underdeveloped in terms of its potential, which presents a great opportunity for investors.

- Turkey has a rapidly growing young population in urban and middle-class areas, representing a large and growing market for food products.

- Turkey has a large area of arable land compared to its population, which means that there is a lot of room for intensification of agriculture.

- The Turkish government is supportive of foreign investment in the agricultural sector.

3- Emiratis’ investment in health

Turkey's healthcare system has been ranked as the second best in the world by the World Health Organization, and it is not surprising that Emiratis are increasingly choosing to invest in health in Turkey.

There are a number of reasons why Emiratis are attracted to Turkey’s healthcare system. First and foremost, the quality of care is excellent. Turkish doctors are highly trained and experienced, and use the latest facilities and equipment. Turkey also offers a wide range of health services, from general medicine to specialized care and fourthly, the country is easily accessible from the United Arab Emirates, with direct flights from all major Emirates airports to Istanbul and other Turkish cities.

4- Emiratis invest in technology

Some of the most popular sectors for Emirati investment in Turkey include real estate, construction, tourism and hospitality and in recent years, there has also been an increase in Emirati investment in the technology sector.

Top tips when buying real estate for Emiratis

Here are the top tips for Emiratis looking to buy property in Turkey:

- Look for real estate that grants citizenship by investment.

- Ensure that the property is located in a desirable area.

- Choose a property that is affordable and within your budget.

- Check the legal status of the property before making any purchase.

- Get expert advice from a reputable real estate agent or law firm.

Where do Emiratis buy real estate in Turkey?

One of the best places for Emiratis to buy real estate in Turkey is Istanbul, Ankara, Antalya and Trabzon. Istanbul is the largest city in the country and has a variety of real estate options available. Ankara is the capital and also has a lot to offer in terms of real estate. Also, Antalya is a resort city located on the Mediterranean coast. It is popular with tourists from all over the world and Trabzon is a city on the Black Sea coast that is rapidly growing in popularity as a tourist destination.

Real estate that Emiratis buy in Turkey

Villas are the most popular type of real estate that Emiratis buy in Turkey, according to a new report showing that Emiratis constitute the third largest nationality for buyers in Turkey, after only Iranians and Iraqis. Among the Emiratis who bought real estate in Turkey, 65% chose to buy a villa, while 25% chose an apartment. The report found that the majority of Emirati buyers (85%) buy property for investment purposes, while only 15% said they intended to live in the property themselves.

Advantages of buying real estate in Turkey through Ista Property Real Estate

- You will be provided with a wide range of options to choose from according to your budget and preferences.

- The company has a team of experienced professionals who will guide you through the entire process, from finding the right property to completing the purchase.

- We offer a wide range of services, including property management and leasing services.

- The company has a good reputation and is known for its transparency and honesty.

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