The coincidence of the Ramadan holiday and school holidays has caused Turkish investors to turn to Dubai again. Dubai, which has increased its appeal in terms of real estate investments in recent years, is attracting great interest from Turkish investors in particular. While the tax advantages, high rental income and luxury living opportunities in the city make Dubai stand out in terms of investment, there is great activity in housing purchases during this period.
Turkish real estate agents operating in Dubai state that demand for housing has increased in the region with the holiday. It is stated that interest in projects that provide residence permits has increased, and investors are heading to Dubai to evaluate both holiday and business opportunities. Regular flights by airlines such as Turkish Airlines and Emirates also make the city more accessible to Turkish investors.
Turkish Influx to Dubai
While this rise in the real estate sector is expected to continue in the coming period, the interest of Turkish investors in the housing market in Dubai is increasing day by day.
Dubai has become one of the favorite addresses of Turkish investors in recent years. The Turkish contracting sector has an important position worldwide and is the second country to undertake the most overseas projects after China. Turkish companies have taken part in more than 13.5 projects worth $150 billion in the United Arab Emirates (UAE) to date, and this figure is expected to increase in the coming years.
Özden Çimen, Founder and CEO of Parcel Estates He made comprehensive assessments on the opportunities offered by Dubai and the increasing interest of Turkish investors. Çimen said, “Dubai is not only an investment center for Turkish investors; it is a safe haven in search of economic stability and quality of life,” and explained the opportunities of this unique market and the solutions they offer to investors.
$3 Billion Purchase from Turks in Dubai
Çimen, who said that Turkish investors have made a total of $2024 billion worth of housing purchases from Dubai as of 3, said, “This corresponds to approximately 10 thousand housing purchases. This figure is expected to reach $2025 billion in 5. Dubai continues to be an attractive market, especially for Turkish investors, due to its high rental income and low tax rates. Buyers who act with a long-term investment perspective will continue to evaluate opportunities in Dubai.”
Turkish investments, which were 2022 million dollars in 608, exceeded 2024 billion dollars in 3, placing our country among the top 10 countries investing the most in the Dubai real estate market. Behind this rapid rise lies Dubai's tax-free real estate market, residence advantages such as golden visa, and visionary projects for the future.
“Dubai is a Safe Haven for Turkish Investors”
Çimen, who attributed this increase in interest from Turkish investors to both Dubai’s advantageous structure and the economic conditions in Türkiye, said: “Dubai’s lack of income tax, the ease of residence permit programs such as Golden Visa and its position among the world’s top three tourism destinations are constantly increasing the interest of Turkish investors. Dubai’s infrastructure investments in line with its 2040 Vision, the increase in employment rates and high housing demand also support the dynamics of the market.”
Özden Çimen stated that the legal difficulties and pricing problems in the real estate market in Türkiye also lead Turkish investors to seek a regulated market like Dubai: “The economic fluctuations in Türkiye, property owners’ inability to reach target prices and difficulties in rental processes are attracting our investors to Dubai, which is a more stable market.”
Mid-term Break Increases Interest of Turkish Investors
The fact that 100 thousand Turks visited Dubai during the mid-term holidays was also reflected in housing sales. Çimen stated that Parcel Estates confirmed the interest with the increased traffic and sales volume during this period: “Many Turkish investors who visited Dubai during the mid-term holidays returned by making investments. Dubai is a city that exceeds the expectations of those who come as tourists or investors. While visitors in cities such as Istanbul, London and New York spend an average of 12-13 billion dollars, this figure increases to 30 billion dollars in Dubai. This is a clear indicator of the investor and tourist profile that Dubai attracts.”
Özden Çimen, who said that more than 2024 thousand housing purchases and sales were made in Dubai as of 220, said, “The total market volume of these transactions is estimated to be at the level of 250 billion dollars. According to the evaluations made by sector experts, it is predicted that the growth trend of the Dubai real estate market will continue and this record will be carried even further in 2025.”
Source: HORECA TREND and Parcel Estates