Should I invest in real estate in Dubai or Istanbul?
Investing in real estate in Dubai or Istanbul depends on various factors, including your financial goals, risk tolerance, and market preferences. Dubai’s real estate market is known for its modern infrastructure, luxury developments, and investor-friendly policies, including tax-free property ownership and long-term residency options for investors. The city offers high rental yields, particularly in prime locations such as Downtown Dubai, Dubai Marina, and Business Bay, attracting both expatriates and international investors.
However, Dubai’s market has historically been cyclical, with fluctuations in property prices due to global economic conditions and oversupply concerns in certain areas. On the other hand, Istanbul presents a different investment landscape, offering a mix of historical charm and rapid urban development. The city is a major economic and cultural hub, with a growing population and strong demand for housing, especially in emerging districts like Başakşehir, Beylikdüzü, and Kadıköy. Property prices in Istanbul are generally more affordable than in Dubai, and the potential for long-term capital appreciation is significant.
Additionally, Turkey’s citizenship-by-investment program, which grants citizenship to foreign investors who purchase property above a certain value, makes Istanbul an attractive option for those looking for residency benefits. However, investors should consider factors such as economic volatility, currency fluctuations, and bureaucratic challenges in Turkey. Ultimately, if you seek a stable, high-yield rental market with a regulated investment environment, Dubai might be the better choice. If you are looking for long-term capital growth with lower initial investment costs and potential residency advantages, Istanbul could be a more suitable option. Conducting thorough market research and consulting with local real estate experts before making a decision is essential.
If you are undecided about investing between Istanbul and Dubai, we would like to give you a few major points
Istanbul’s population is growing every year. Currently it is about 16 million people. Dubai population is 10 million.
There is limited land in Istanbul, everywhere in Dubai is empty land and desert. So the supply and demand balance is limited in Dubai. In Istanbul, there is a lot of demand but the number of new construction is limited. As you know, what is scarce is more valuable. For example Gold and Diamonds.
The nature and beauty of Istanbul attracts both foreigners and Turkish people living in other cities. So living in Istanbul is a target option for Turks.
Business and trade opportunities, people from countries that are under trade restrictions by America and Europe become Turkish citizens and continue their business life here. In a sense, they benefit from Turkey’s international commercial power.
Housing crisis: People who want to avoid civil war or wars in Iran, Ukraine, Russia and similar countries come to Turkey. When they come here, they want to buy or rent houses that are already enough for our own people. And the prices of houses continue to increase rapidly. This also benefits the investor.
Health Tourism: Istanbul has been hosting many foreigners in the last 10 years. The medical sector, which offers a lot of aesthetic operations and solutions to vital health problems, enables people to come to Turkey. The average stay in Turkey for these procedures is 40 days. So nobody wants to pay for a hotel for 40 days, they want to rent a house short term. So they need houses that are suitable for that. They pay very good money to get more comfort. This again generates income for the investor.
Ease of finding customers at the time of sale:
India ranks 1st in the ranking of people buying a house in Dubai. In Turkey, Turks are always in 1st place. So someone who owns a house in Dubai should expect to sell it to a foreigner. I mean, why would they buy a ready-made apartment when there are so many off-plan houses in Dubai?
It is much easier to find a buyer for a house you own in Istanbul. A Turk will come and buy it from you in cash. He has to because real estate is the biggest investment tool for us Turks.
Natural beauty and season:
There are 4 seasons in Turkey, and there is an influx of tourists in all seasons. In other words, millions of tourists are welcomed every year to visit the leading cities in tourism such as Istanbul, Antalya, Izmir, Bodrum, Bursa, Bursa, Trabzon, Cappadocia, Mardin and Erzurum. This increases the attraction to Turkey. This attraction also offers you the advantage of renting a house at high prices at the point of housing, and when you want to sell your house, it allows you to sell your centrally located apartments in a very profitable way.
Remember that less is more.
Istanbul has a history dating back to Byzantium. It is a magical city that has been home to many civilizations. It is a city with high energy and among the top 5 metropolises in the world.
Litus Istanbul seamlessly blends the rich cultural tapestry of Istanbul with modern conveniences, creating a residential experience that is both luxurious and rooted in tradition. Whether you’re seeking a serene abode amidst the city’s hustle or a sound investment with promising returns, Litus Istanbul stands as a testament to refined urban living.
