Real Estate Golden visa lure draws Turks to Dubai real estate By Pramod Kumar April 1, 2025, 10:46 AM Wam Rising property prices in Turkey and the allure of golden visa programmes are driving many Turks to buy homes abroad An increasing number of Turkish citizens are investing in real estate overseas, with Dubai and Greece emerging as top destinations, according to a news report. Last year, Turks spent more than $2.5 billion, up 21 percent year on year, in foreign property purchases, Daily Sabah newspaper reported, citing central bank data. In January 2025 alone, investment reached $144 million, the report said. Increasing property prices in Turkey, which are squeezing returns on investment, and the allure of golden visa programmes are driving many Turks to buy homes abroad, the newspaper reported citing Bayram Tekçe, chairman at the Real Estate Services Exporters Association. Dubai moves to formalise real estate tokenisation Turkey’s economic rebound softened by soaring imports Emaar’s overseas units struggle to match home gains He said that Turkish citizens, on average, spend $500,000 per property. Attractive rental yields and tax-free investment in Dubai appeal to individual and corporate investors, said Özden Çimen, CEO of Parcel Estates. Turkey is expected to rank among the top five countries investing in Dubai’s real estate market in 2025, the report said citing Cimen. Register now: It’s easy and free AGBI registered members can access even more of our unique analysis and perspective on business and economics in the Middle East. Why sign uP Exclusive weekly email from our editor-in-chief Personalised weekly emails for your preferred industry sectors Read and download our insight packed white papers Access to our mobile app Prioritised access to live events Register for free Already registered? Sign in I’ll register later
