Which is better to buy an apartment in Istanbul or Dubai?
Should you choose between the charming oriental elegance of Istanbul or the luxurious life of Dubai? Do you prefer the historical heritage and diverse culture of Istanbul, or do you head towards innovation and continuous development in Dubai? We will go over the main factors that determine the difference between investing in anapartment in Istanbuland Dubai, helping you to make an informed decision according to your personal and investment goals and needs, so let us explore these factors and help you make the decision that suits you best between these two amazing destinations.
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A comparison between buying an apartment in Istanbul or Dubai
Buying an apartment in Istanbul and buying an apartment in Dubai include a set of differences and factors to consider when making an investment decision. Here is a comparison between the two:
The real estate market and investment:
Istanbul: It is characterized by an active and diversified real estate market, and is an attractive area for investors thanks to its sustainable growth and the availability of multiple options.
Dubai: It is considered a luxury and sophisticated investment destination, with great interest from international investors in luxury real estate.
Cost:
Istanbul: Prices are usually lower compared to Dubai, which makes it a suitable option for budget-conscious investors who want to buy an apartment in Istanbul.
Dubai: Prices are relatively high due to the luxurious nature of real estate and high-quality projects.
Real Estate Patterns:
Istanbul: It offers a variety of properties, ranging from small apartments to luxury units and villas.
Dubai: It is famous for its luxurious residential projects and modern facilities.
Investment returns:
Istanbul: Good returns can be achieved from real estate investments due to the continuous growth in the real estate market.
Dubai: It sometimes offers high investment returns, especially in the hotel market.
Tourism and Daily Life:
Istanbul: a historical and modern city at the same time, offering a diverse life experience with its cultural and entertainment attractions.
Dubai: A luxurious and modern city that offers a luxurious lifestyle and various entertainment facilities.
Real estate declarations:
Istanbul: The buying process allows for relative ease with simple procedures and statements.
Dubai: Exact procedures and documents are required when buying real estate.
Language and Communication:
Istanbul: Turkish is the official language, and English is well spoken.
Dubai: Arabic is the official language, and English is widely used.
Residency and Nationality:
Istanbul: Long-term residency can be obtained through real estate investment, in addition to obtaining Turkish citizenship and a Turkish passport.
Dubai: Some real estate investments can qualify for long-term residency or even citizenship, but at a high cost compared to the prices of apartments in Istanbul.
Also read the following article about Istanbul apartments and its most important quiet areas
Buying an apartment in Istanbul with the aim of Turkish citizenship
Buying an apartment in Istanbul with the aim of obtaining Turkish citizenship can be a good option for investment and to obtain Turkish citizenship through real estate investment, you must purchase an apartment with a value of at least $400,000 and a commitment to keep it for at least three years and the property must be registered in the Land Registry and comply with regulatory standards and requirements.
Buying an apartment in Istanbul with the aim of real estate residence
Buying an apartment in Istanbul with the aim of obtaining real estate residence can be a good investment and an opportunity to live in this wonderful city, as when buying an apartment in Istanbul, you must make sure that the property complies with the legal requirements for obtaining real estate residence, including the value of the property, which must not be less than 75,000 USD and be paid in full.
The property must also be registered in the local real estate registry after purchasing the apartment, you must apply for real estate residence with the Turkish authorities, you must submit the required documents and pay the prescribed fees, after the application is approved, you will obtain a long-term residence permit that gives you the right to reside in Turkey and benefit from public services and the time and procedures for obtaining a real estate residence permit may vary according to legal and regulatory changes.
The future of real estate investment in Istanbul
The future of real estate investment in Istanbul is seen as promising and encouraging, as Istanbul is one of the largest cities in Turkey and is considered an attractive destination for real estate investors due to the booming real estate market in it, the growth of a sustainable economy and the increase in demand for real estate, as Istanbul is witnessing continuous development in the residential, commercial and tourism real estate sectors and many investment opportunities are available in purchasing residential apartments, villas, commercial projects, hotels, commercial offices, and industrial real estate.
Istanbul enjoys an excellent strategic location between the European and Asian continents, and is characterized by a strong infrastructure and the development of many government and private projects such as the Istanbul Canal project and the third airport, and these developments enhance potential profits and make investing in real estate in Istanbul attractive to investors.
Promising areas to buy an apartment in Istanbul
Beylikduzu district in Istanbul is distinguished as one of the best options for buying an apartment and this area is a great attraction for sales, leasing, and real estate investment and it is characterized by the availability of multiple services and includes many beautiful gardens and entertainment areas, as Beylikduzu is located on the European side of Istanbul and overlooks the famous Başakşehir Bay, which makes it ideal for modern life and is close to the vital areas of the city.
On the other hand, Basaksehir is an important area in Istanbul when it comes to buying real estate in Turkey, as Basaksehir apartments offer modern and sophisticated designs that vary between economical and luxurious, according to the buyer's preferences and the area is characterized by the provision of advanced facilities and services, in addition to the abundance of parks and green spaces that allow residents to enjoy tranquility and comfort and it also contains multiple commercial, health and administrative centers, as well as tourist places for entertainment and this area caters to the needs of the residents and offers a suitable environment for real estate residence.
Click here and find out more options on areas that are on a date with high prices
Buying an apartment in Istanbul and Dubai are two exciting and distinct options in the world of real estate investment, each of which carries its unique attractions and opportunities, but real estate investment in the real estate sector in Istanbul remains more attractive, especially since the Turkish government is working to grant Turkish citizenship, Turkish passport and Turkish residence when buying a property in Turkey at a specific value, which gives you the rights of a Turkish citizen and the freedom to travel.
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