The struggle for the lead between the Turkish real estate market and the UAE real estate market
Last Updated: 2023-10-03Turkish real estate market and UAE real estate market
Tastes vary and differ between the splendor of UAE real estate and the charm of Turkey real estate, which makes the choice difficult and sometimes impossible, as for investors in general, what they care about is to achieve profits and gains, so the property is chosen according to the situation of the economy in a country.
However, some investors think outside the box and play the game of circumvention of the axioms, and luck may stand in his favor and make an imaginary profit in just a short period of time.
Have all investors replaced the UAE real estate market with the Turkish real estate market? Or is there another hidden narrative?
The editorial team at Mersat Real Estate Company offers you a smooth article in which it distinguishes the differences between real estate in the UAE and real estate in Turkey, and have all investors in the Turkish real estate market turned against it?
In this article, you read:
-Two monopolistic giants of the global real estate market.
- Bright and some dark sides.
- Arteries of Mersat Real Estate Company.
Two monopolistic giants of the global real estate market:
- UAE Real Estate Market:
In light of the rapid events that the world is witnessing after the collapse of the Soviet Union, there are no longer only two poles who are suicides, but the game of thrones has extended to the intervention of countries that were not taken into account in this fierce competition. Some countries that were only forty years ago a barren desert have turned into a blooming flower accepted by all nationalities without exception.
Thanks to the black gold, in which it occupies the seventh place in the world, it has witnessed a renaissance at all levels, and began to extend in the structure to own the highest in the world, which is the Burj Al Khalifa in Dubai, and mastery in real estate and buildings, which combines the modernity of the West and the heritage of the East.
Thanks to what was mentioned in the previous lines, the UAE real estate market is at the forefront, investors from all countries flock to buy real estate in the United Arab Emirates.
- Turkish Real Estate Market:
One of the real estate markets that surprised the world by reaching the peaks is the Turkish real estate market, although Turkey does not have oil, but its location has been the main credit for making amazing progress in the field of real estate. Anyone who knows the history of Turkey since the founding of the Turkish Republic in 1923 to its bicentenary will realize the magnitude of the giant leap it has made at the political, economic, cultural, social, tourism and most importantly real estate levels.
Not only private projects that spread in Turkey, but also central government housing projects are important, not only the Turkish people trust their government, but even foreigners who come to Turkey wanting to invest accept the purchase of Turkish government real estate, most notably Toki and Emlak Konut, which competed with the most important private projects.
As for quality and honesty, there is nothing wrong with it, the newly built Turkish real estate, especially the governmental, has proven its efficiency and durability against earthquakes, as we witnessed its resilience in the two earthquakes that struck Turkey in February this year and was not harmed even with a scratch.
From an aesthetic point of view, Turkey has risen to the throne of charming nature, so you can imagine, for example, but not limited to, a property in Istanbul with a unique view of the Bosphorus, the Sea of Marmara, or the Black Sea, if we mention Istanbul alone without the rest of the remaining eighty states.
Bright and some dark sides:
Whoever tells you that the UAE real estate market or the Turkish real estate market is safe forever is deceiving you, as there are positives, there are negatives as well. What you must keep in mind is that it is absolutely unpredictable what will happen to the state of states and thus their economies, which are directly affected by the decisions taken by the governments of the countries.
When you put Turkey's real estate under the microscope, you will clearly find the fluctuation in the Turkish economy and the confusion of the Turkish lira in the face of the green giant, so the investor is fed up with losing his investment if he buys a property in Turkey.
As for the United Arab Emirates, it is no secret to the young child the high cost of living in it, especially in the emirate of Dubai, which has become the Los Angeles of the Arabs, in addition to the high fees that must be paid when owning a property in the UAE. For those on a budget, buying a property in the UAE will be a dream, and they may still be breathless about collecting a few meters.
Thus, you find that the real estate market, whether Turkish or Emirati, is like a double-edged sword, and the investor is the one who decides how to use it, so he is either a beneficiary or a loser.
And always remember that the broker who wishes you and promises you that you will float on stacks of banknotes effortlessly is an evil liar, so do not be like buying fish in the water and do not put your trust in those who draw dreams for you on the sand.
Arteries of Mersat Real Estate Company:
Mersat Real Estate Company is proud that the arteries of its headquarters (not only in all Turkish states) extend to Arab countries as well as the UAE. If you are buying a property in Turkey or buying a property in the UAE, whether for housing or investment, all you have to do is contact Mersat Real Estate, which in turn will guide you and choose the best for you according to your budget.
At the end of the article, dear reader, we leave you to judge and answer the question that came to your mind since the beginning of the article:
Has the UAE real estate market without the Turkish real estate market really captured investor confidence? Or does the economic tale have a rest for you to write its pages yet?
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