The volume of Qatari investments in Turkish real estate is very large, with more than 9,000 Turkish citizens working with many Qatari companies and vice versa. As a result, the Qatari and Turkish markets share significant partnerships in various sectors such as trade, construction, hospitality, services, and more. Consequently, Qatari investments in Turkey have been increasing recently, which is largely due to the strong cooperation between the two countries, which has been clearly visible.
Obtaining a Turkish passport is an appealing option for many Qataris looking to expand their global mobility and secure a second citizenship. One of the most efficient ways for Qatari nationals to obtain Turkish citizenship is through investment in real estate. By purchasing property worth at least $400,000, Qataris can qualify for Turkish citizenship, offering numerous benefits such as visa-free travel to over 110 countries, access to quality healthcare and education, and a favorable business environment. The process is relatively straightforward, and investors can also enjoy the potential for capital appreciation and rental income from their Turkish properties, making it a highly attractive option for those seeking both a profitable investment and a path to Turkish citizenship
Qatari Investments in Turkish Real Estate
International dealings between Qatar and Turkey have grown significantly, indicating that Qatari investments in Turkish real estate have become deeply embedded in various investment sectors.
Currently, more than 180 Turkish companies are operating in Qatar, with projects valued at over 17 billion USD. Conversely, the size of Qatari investments in Turkish real estate has also significantly increased, as the cooperation between the two nations has been the main driving force behind this growth.
Over time, Turkey has become the primary tourist destination for Qataris, as they feel secure there, almost as if they are in Qatar. Therefore, in 2023, Qatar and Turkey celebrated 50 years of diplomatic relations and cooperation in many political areas, further strengthening their relationship.
As time has passed, the relationship between Ankara and Doha has become particularly strong compared to other cities in both countries, as they are the main hubs for all diplomatic and political operations, making them the headquarters for any meetings or discussions related to cooperation between the two countries.
As a result, the relevant authorities have calculated the size of Qatari investments in Turkish real estate, revealing that over 10 billion USD has been invested in various types of real estate in Turkey, including land purchases, apartments, villas, and more.
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What Are the Types of Qatari Investments in Turkey?
Qatar and Turkey have made several agreements that have led to an increase in Qatari investments in Turkish real estate, including the following investments:
- Golden Century Project
A joint investment in Istanbul, Turkey, working in the stock market and promoting free zones in Turkey. - QNB Bank in Turkey
One of the most important Qatari financial investments in Turkey, QNB has become one of the largest and most important banks in Turkey within just five years. It operates around 444 branches and provides banking services to all clients, especially Qatari clients. It also holds a significant stake in the Istanbul Stock Exchange, one of the key Qatari investments. - BMC Industry and Production Company
This company, which operates in industrial production, is a major project resulting from cooperation between Qatar and Turkey, involving the production of commercial trucks, buses, and other vehicles. - Astinia Park Mall
One of Turkey’s major commercial centers, this mall was designed and built by a Qatari company. It is located in the Sariyer district near the Black Sea and is one of the most important shopping centers in Istanbul. - Sarvaz Real Estate Investment Company
One of the largest real estate companies in Turkey, this company is the cornerstone of a large tourist and recreational city project in one of Turkey’s key coastal cities. This huge project is one of the most significant and best Qatari investments in Turkey.
What Are the Reasons for the Increase in Qatari Investments in Turkey?
The growth in the size of Qatari investments in Turkish real estate is due to several factors that have encouraged Qatari investors to focus heavily on investing in Turkey. These factors include:
- Turkey is one of the best countries offering excellent investment opportunities, thanks to its growing economy and favorable tax incentives on real estate.
- The availability of skilled labor ensures that investors can acquire high-quality properties, ensuring that their investments are protected.
- Turkey’s strong economy, which is among the fastest-growing in the world, makes it an attractive investment destination.
- Due to the strong relations between Qatar and Turkey, Qatar benefits from numerous tax incentives in Turkey, making it more appealing for Qatari investors to invest in Turkish real estate.
- The beautiful natural landscapes of Turkey make it an ideal destination for Qatari investors, who are drawn by the country’s strategic location, ensuring the success of real estate investments.
What Are the Key Documents Required for Qatari Investments in Turkey?
The increase in Qatari investments in Turkish real estate depends on investors being aware of the necessary requirements to purchase and invest. These requirements include the following documents:
- A valid passport with at least six months of validity from the date of travel.
- A translated passport into Turkish by a certified translation office approved by the Turkish embassy.
- Personal photos of both the buyer and the seller.
- A document indicating earthquake insurance for the property.
- An appraisal report for the property.
- A tax identification number for the Qatari citizen.
- A receipt proving the payment of property taxes and registration fees.
- Bank receipts confirming either the transfer or withdrawal of the property payment, which must be stamped and certified by the bank.
What Are the Conditions for Qatari Ownership in Turkey?
There are specific conditions for Qatari citizens to own property in Turkey, particularly for those seeking Turkish citizenship or a residence permit:
- For Obtaining Turkish Citizenship
- The property’s total value must not be less than 400,000 USD.
- The Qatari investor must agree not to sell the property for three years after purchase.
- For Obtaining a Turkish Residence Permit
- The property’s total value must be at least 75,000 USD in major cities like Istanbul.
- The property’s total value must be at least 50,000 USD in smaller Turkish cities.
- The sole purpose of purchasing the property must be residential, not for other purposes.
What Is the Importance of Accurate Information on the Application Form?
Submitting accurate information on a Schengen visa application is essential, as accurate data increases the chances of visa approval. Correct information offers several benefits, including:
- Faster visa processing times.
- Increased credibility of the information, which improves visa acceptance chances.
- Incorrect information can lead to visa rejection or delays.
- Accurate information ensures faster communication in any circumstances.
What Are the Top Tips for Safe Real Estate Investment in Turkey?
Qatari investments in Turkish real estate have increased significantly in recent years due to investors following key tips for a safe and profitable investment. These tips include:
- Work with a reputable real estate company in Turkey that offers profitable properties.
- Ensure the investor is accompanied by a sales representative who provides all relevant property information.
- Define the main investment goals for purchasing property in Turkey.
- Understand the difference between buying residential properties versus investment properties.
- Familiarize yourself with the specifications of the property before purchase.
- Take advantage of offers and discounts to reduce costs and increase potential profits.
- Conduct a property tour to assess the location, amenities, and other property features.
- Ensure the contract is legally sound, with full property details and payment terms.
- After purchasing the property, ensure that the contract is registered with the relevant authorities to confirm ownership transfer.
Frequently Asked Questions
- What Is the Most Profitable Qatari Real Estate Investment in Turkey?
Commercial property investments are among the most profitable for Qataris in Turkey. - Is Turkey a Profitable Country for Real Estate Investment?
Yes, due to its prime location and rich natural landscapes, which promise significant returns on real estate investments. - What Is the Best Time to Buy Real Estate in Turkey?
The best time to buy is when the local currency is stronger than foreign currencies, allowing investors to purchase properties at lower prices and sell them later at higher prices.
The volume of Qatari investments in Turkish real estate continues to grow, making it one of the best investment strategies to purchase Turkish properties. You can find the best land and property deals through this distinguished company that offers the best prices and discounts on Turkish real estate.
