We will review in detail the Emirati investments in Turkey and how they affected the two economies and bilateral relations between the two countries and we will discuss investment patterns, target sectors, and expected future opportunities for this fruitful investment relationship, so continue reading on for more details and information.
The law of ownership of the two emirates of real estate in Turkey
In 2012, the Turkish government amended the property law related to foreign ownership in Turkey, as the “reciprocity” condition that imposed restrictions on foreign investors was abolished, and that step was aimed at facilitating the purchase of real estate in Turkey by individuals belonging to foreign countries, and in return, the Turks were not allowed to own real estate in the countries to which they belong, which was aimed at attracting more foreign investments, this change was a radical shift in Turkish law and made it possible for the Arabs Emiratis, in particular, have the opportunity to invest in real estate in Turkey.
This was followed by an increase in the acquisition of real estate in Turkey by Arab citizens, especially Emiratis, as they have a clear presence in the real estate investment market in Turkey and those reform policies in property laws contributed to the revitalization of the real estate sector and made Turkey a preferred destination for real estate investments by Emirati investors.
What are the types of Emirati investments in Turkey?
1. Real estate in Turkey and infrastructure are among the most prominent areas of Emirati investment in Turkey and the interest is in the purchase and development of real estate projects such as residential complexes, hotels, and commercial facilities, benefiting from the urban and tourism development in various Turkish cities
2. Emirati investments extend to various industrial sectors, including heavy industries such as steel and petrochemicals, in addition to light industries such as textiles, clothing, and electronics.
3. Turkey is witnessing an expansion in the energy sector and energy infrastructure, and this includes investment in electricity and renewable energy projects such as solar and wind energy, as well as the development of transportation and communications infrastructure.
4. The UAE seeks to invest in the technology and innovation sector in Turkey, such as developing startups and small and medium-sized companies and exchanging experiences and innovative technologies.
5. The tourism sector is witnessing remarkable growth in Turkey, and the UAE is investing in hotels, resorts, and entertainment projects.
6. Emirati investments in Turkey are expanding in the field of financial services and banks, and the focus is increasing on providing innovative financial services and developing investment platforms.
Reasons for Emirati investments in Türkiye in the real estate sector
1. Turkey occupies an important strategic location between Asia and Europe, which makes it a center for trade and investment this location facilitates access to multiple markets and makes it a destination for international investors.
2. Turkey offers investment laws and policies that encourage foreign investment, including tax facilities and competitive advantages and this makes the investment environment suitable and encouraging for investors.
3. The stability of the political and economic situation in Turkey is an attractive factor for investors, as stability creates a favorable environment for long-term investments and increases confidence in the market.
4. Turkey is developing modern and advanced infrastructure, including roads, airports, seaports, and public transportation and this enhances the attractiveness of real estate as a destination for real estate investment in Turkey.
5. Turkey is witnessing a growth in population and a continuous increase in housing demand. This creates sustainable opportunities for investment in Turkey in residential and commercial projects.
6. The tourism sector in Turkey enhances the demand for real estate projects, as domestic and international tourists increase the need for accommodation units and hotels.
7. The UAE plays an important role in promoting investments in Turkey, and this encourages the expansion of economic relations between the two countries.
8. By purchasing a property in Turkey worth 400,000 US dollars, Turkish citizenship can be obtained
9. After obtaining Turkish citizenship, you can apply for a Turkish passport and enjoy the rights of a Turkish citizen
10. By buying an apartment in Turkey at a value of $75,000, you can obtain real estate residence in Turkey and grant it to your family members under the age of 18.
UAE investments in Turkey in maritime transport
Turkey is a country with a coastal nature, which increases the importance of investments in its maritime transport sector and this importance is demonstrated by the presence of the cosmopolitan Bosphorus Strait, which is a vital passage for the transportation of goods and trucks across the world and in addition, the new Istanbul Water Canal stands out as a great opportunity to enhance maritime transport in Turkey, and in this context we noticed that the volume of Emirati investments in Turkey in the maritime transport sector in Turkey has expanded significantly, due to the great importance of this sector and the promising opportunities it offers to Emirati investors.
UAE investments in Turkey in transportation
Turkey is a very advanced country in the field of transportation, as it is characterized by the existence of a high-quality transportation network that competes well with global transportation networks in terms of modernity and development, from this standpoint, the idea of investing in the UAE in the transportation sector in Turkey appears as an ideal investment opportunity, and where the Emirati efforts witnessed directing special attention towards enhancing Emirati investments in this sector to support economic cooperation between the two countries.
Areas of concentration of Emirati investments in Turkey
1. Istanbul: Being the economic and cultural capital of Turkey, Istanbul is a major destination for Emirati investments. The city is witnessing great development in the real estate sector in Turkey, including luxury residential and commercial projects.
2. Antalya: The Antalya region of the Mediterranean coast is one of the most important tourist destinations in Turkey, and it is witnessing Emirati investments in the hotel and resort sector.
3. Bursa: Bursa is characterized by its geographical and aesthetic location, and attracts Emirati investments in a variety of sectors, including real estate and tourism.
4. Trabzon: It is located on the northern coast of Turkey and witnesses investments in various sectors such as real estate and industry.
5. Ankara: As the political capital of Turkey and a major governmental and economic center, Ankara witnesses Emirati investments in various sectors, including infrastructure.
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