Confidence in Turkish property received a boost this month after a leading real estate firm in the Gulf announced a major foray into the market with investments to the tune of AED 200 million (around £33milion).
The Gulf property firm has unveiled three iconic projects in Turkey as part of its plans to invest in the growth potential on offer in the booming market. These projects include a compound with 80 villas equipped with full facilities in the city of Bursa; a compound with 30 villas in the city of Sabanja; and a compound with 15 building which will encompass 105 residential apartments in Bursa. This project will offer complete recreational, social and entertainment facilities.
Talking about the investments, the company’s chairman said: “Turkey real estate market offers an excellent opportunity for property investors looking for substantial return on investments. As one of the major players in the sector, we find the time opportune to invest in this booming market, and investors who are eyeing good growth should tap into this opportunity.
“We have plans for three iconic projects in Turkey – we have carved a niche with our delivery standards and our project deadlines, and we are confident that the Turkey projects will also be completed well before the stipulated deadline. The features and characteristics of these projects would be unparallel. The real estate sector in Turkey is on the verge of a major upswing due to the demographic factors and improving economic and political stability, and now is the time to invest.”
The company’s projects in Turkey would be competitively priced in line with mid-size developments, but will come with world-class amenities associated with high-end communities.