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Turkish investors have been increasingly turning to Dubai for overseas real estate purchases, as the volume of Turkish investments in the city surged from $400 million to $3 billion over the past two years, according to a sector representative.
Woven Investment co-founder Burak Ustaoglu pointed out that this interest has been driven by high rental returns and favorable tax regulations in the UAE’s property market.
Commenting on the drivers of investor interest, Ustaoglu said, “Dubai offers a short return period, zero taxes, and strong rental yields, which are the main factors attracting investors.”
He noted that 2024 was a record-setting year for Dubai’s real estate sector, stating, “The year 2024 was a record-breaking period for the Dubai property market, with a total value of $142.1 billion.”
Ustaoglu also listed the key advantages that set Dubai apart for Turkish investors: “Among Dubai’s advantages are its tax-free economic system, ease of obtaining mortgages, golden visa benefits, lower ownership costs compared to other countries and cities, and steadily increasing rental income.”
This sharp rise also reflects a broader uptick in outbound real estate activity of Turkish real estate investors.
In 2024, Türkiye-based individuals invested $2.51 billion in overseas property, marking a 20.5% increase from the previous year.
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