About Turkish Real Estate
Turkish real estate over the years has had an extremely robust domestic real estate investment market but during the recent years its investors have been more importantly turning up their eyes outward. The factors include the inflation pressure at the Tyrkiye level, the earnings of more money and the more stability in marketing overseas. Although other European nations such as Greece have always been preferred, there is a drastic change which is underway- towards Dubai.
Turkish investors in Dubai alone spent at least $2.51 billion on overseas property (and that was in 2024 alone) as compared to 20.5 percent the previous year. This is also getting enhanced by the curiosity of the United Arab Emirates, to be precise Dubai.
Dubai’s Record-Breaking Real Estate Performance in 2024
The property market in Dubai moved to all-time highs in the year 2024, where the aggregate value of Dubai real estate investment dating amounted to a record-high of $142.1 billion. Burak Ustaoglu the co-founder of Woven investment stated that, in just two years the Turkish investors alone were able to increase their purchase of investments within Dubai, costing a whopping amount of $3 billion which is an increase of 400 million.
Such a rush is not only a trend but a definite vote of confidence in the long term prospects of the Dubai real estate investment. The excellent infrastructure, tax-free regime, and investor friendly policies of the city makes this city to be one of the most attractive markets in this world.
Why Turkish Investors Are Choosing Dubai ?
There are a number of good reasons why Turkish investors are attracted to Dubai:
- Small Termination Periods: The houses in Dubai usually offer ROI in a short time.
- Zero Taxes: Compared to most markets in the world, Dubai does not levied any capital gain or property tax.
- High Rental Yields: Residential yields may be up to 6-10 percent, beating Türkiye as well as most European countries.
- Golden Visa Program: By investing a basic amount, investors qualify to receive permanent residency in the UAE.
Key Advantages of Dubai’s Property Market
Besides the principal financial merits, Turkish real estate investment stakeholders also consider Dubai to be quite attractive in terms of ease of doings businesses and regulatory transparency:
- Availability of Mortgage: Non-nationals are allowed to access mortgage facilities using standard banks in UAE.
- Developer Reliability: Real estate developers in Dubai are among the most-reliable in the world and they guarantee delivery of off-plan projects.
- Consistent legal environment: The legal environment is clear cut with well-established property laws, as well as regulations that are supported by RERA.
- Low Costs of Ownership: There are no in-port notary or municipal taxes in Dubai like there is in Europe.
Comparison with Other Investment Destinations
Dubai has this unparalleled efficiency as compared to other markets such as Greece, Spain, or Germany:
- Quicker process of transaction: The process of property registering can take days to be done.
- No Bureaucratic Delays: Each red tape problem that is present in the Western markets is avoided by Dubai.
- Increase in flexibility: In a vast majority of areas in Dubai, foreigners have options of acquiring freehold property which is not available to everyone in Europe.
Future Outlook for Turkish Investments in Dubai
It is unlikely that the Turkish investors interests will weaken taking into consideration the projected population growth, continuous development of the infrastructures, and stability in the macro economic policy of Dubai.
Ustaoglu foresees that the development is going to stay at the same pace in line with broader market forecasts. When the trend is kept up, Turkish real estate investment in Dubai is likely to touch $4 billion by 2026.
The popular locations to Turkish buyers are:
- The close to new Al Maktoum International Airport in Dubai south
- Business Bay (central, have high ROI potential)
- JVC (cheap but smart) (Jumeirah Village Circle)
- Downtown Dubai (with luxury buyers)
