NEWSROOM

Foreign investors are given the right of citizenship in Turkey, and similar practices are carried out abroad as well. The reduction of the investment requirement in the United Arab Emirates to approximately 205 thousand dollars, which corresponds to 750 thousand dirhams, takes Turkish investors on an investment tour to Dubai.

*** This release is originally published in Turkish.
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ISTANBUL (TR) - The granting of citizenship rights to foreign investors in return for an investment of 250 thousand dollars in Turkey increases the rate of foreigners in the real estate sector day by day. According to the house sales statistics for November announced by the Turkish Statistical Institute (TUIK), house sales to foreigners increased by 48.4 percent in November compared to the same month of the previous year and reached 7,363. The latest change in the foreign citizenship law in force in the United Arab Emirates, where a similar practice has been made, has increased the demands of foreign investors. Reducing the citizenship requirement from 1 million dirhams to 750 thousand with the regulation made on September 21 brought Turkish real estate investors on an investment tour in Dubai. Providing information about the new regulation, Aslıhan Çaybaşı, Sales Consultant of the Dubai-based real estate company Damac Group, said, “Foreign investors who make an investment of approximately 205 thousand dollars in Dubai, corresponding to 750 thousand dirhams, can have an indefinite residence permit for themselves and their families. Investors are also offered great conveniences such as easy visa and budget-friendly payment opportunities, and rental options for purchases made for investment purposes.”

Among the most reliable cities in the world

Stating that investors have the advantage of living and starting a business in Dubai, which is one of the most reliable cities in the world, by taking advantage of the law granting citizenship to foreigners, Aslıhan Çaybaşı said, "Dubai has become the address of profitable investment in real estate, as a city where the heart of the luxury housing market beats in the world. Dubai's facilities that make it easy to invest allow investors to bring their lucrative business ideas to life. There are no tax requirements in any area other than company establishments in Dubai. Investors can raise their living standards with the right investments. They can direct their careers by finding the position they are looking for in companies with the highest salaries in the world. Thanks to the high rental prices, investments can pay for themselves in a short time.”

Prestigious and profitable investment opportunity in Dubai

Stating that they have been shaping the luxury housing market of the Middle East with the projects they have developed since 2002, Damac Group Sales Consultant Aslıhan Çaybaşı said, “We have implemented many projects from giant high-rise architectural structures with more than 100 international awards to prestigious hotels and holiday villages. To date, we have completed the delivery of 36,400 flats. We bring our investors together with prestigious and profitable investments with our projects that go beyond the limits of comfort and luxury. Projects that pay for themselves in a short time start to pay off as soon as the contract is signed. “90% of our projects are located in the Business Bay area of ​​Dubai, which has the highest rental income.”

On the radar of Turkish investors

Mentioning that they offer suitable payment terms to investors in the projects they have implemented, Aslıhan Çaybaşı said, “The Damac Hills and Damac Hills 2 projects, which are 15 and 25 minutes away from the center, are in great demand, especially by Turkish investors. Our projects, which we designed as a mini city with equipment such as school, clinic, golf course, market chains, consist of villas and residences. In the appropriate payment plans we have prepared, we pay the amount other than the prepayment in installments without interest. The added value of our projects is increasing day by day in the face of the rapid development in the region. Especially, our investors, who buy houses from our project for investment purposes, are making a big profit.”