Istanbul hosts Turkey’s first Cityscape event as UAE investors continue to boost sales in the region
- Istanbul Congress Center to host first Cityscape Turkey, March 24 to 26
- Turkish real estate transactions by UAE residents rises by 160% in last two years (Turkish Land Registry)
- UAE, Iraqi and Saudi Arabian investors account for 62% of all Universal21 2015 sales in Istanbul
This week will see Turkey’s first Cityscape exhibition take place at the Istanbul Congress Center, as domestic and global investors come together with leading real estate companies to discuss the country’s prospering housing market. The Hosted Buyer Programme launched by Informa Exhibitions, the organisers of Cityscape Turkey, will connect potential investors with at least 50 high profile exhibitors participating in the debut show running from March 24 to 26.
A key demographic of investors attending the event are those travelling from the UAE. Wouter Molman, the director of Cityscape Group at Informa Exhibitions, explains that “The response from investors in the UAE to our hosted buyer programme has been reassuring and we expect that the series of pre-qualified one-on-one meetings to fast track the experience and showcase a tailored collection of quality projects and existing developments will help meet clients’ exacting requirements.”
According to the latest Turkish Land Registry report, UAE investment is becoming increasingly prominent within the Turkish housing market, with real estate transactions by UAE residents rising by 160% in the last two years. In 2015, 332 UAE citizens purchased Turkish property and subsequently the country also ranked among the top nations in terms of square meterage, at more than 433 square meters per person.
Witnessing this growth first hand, the largest management company based in Istanbul, Universal 21’s most recent data shows that the UAE, along with fellow Gulf nations Iraq and Saudi Arabia, is accountable for a substantial 62% of their 2015 total sales. Adil Yaman, Director of Universal21, is excited for all the Cityscape exhibition could bring to the Turkish market. He explains,
“We have definitely noticed an increase in interest from the UAE, as well as investors from other Gulf nations, in recent times and exhibitions like Cityscape will only further highlight the potential of the Turkish property market to these prospective buyers. Cityscape enables Gulf investors to come together, therefore making it an extremely successful platform from which to promote Istanbul as a city and the real estate opportunities currently available.”
Situated in the Beylikdüzü district of Istanbul, Crest Plaza Residence recently launched by Universal21 offers an ideal investment opportunity for 2016. Crest Plaza Residence is well-located for both transport links and amenities, with the beach just a ten-minute drive away and Istanbul’s Ataturk airport only a 20 minute drive away.
Formed of only two blocks of 11 floors and a total of 199 apartments, Crest Plaza Residence boasts a wide range of facilities including fitness centre, swimming pool, Turkish bath, steam room, sauna, health club, cinema room, meeting room, BBQ terrace, games room, library and children’s playground.
Starting at £60,000, a range of spacious one, two and three bedroom duplex penthouse apartments are available. All either overlook the landscaped gardens or a newly appointed park soon to be completed and the project also has the benefit of 24-hour security.
For more information about Universal21, visit www.universal21.com or call 0203 287 8700.