Turkish Investor Makes Significant Purchase in Dubai’s Real Estate Market – BNN Breaking

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A Turkish individual has made a substantial contribution to Dubai’s real estate market, investing 3 million rufiyaa (approximately USD 194,000) in a property purchase. This substantial transaction emphasizes the global appeal of Dubai’s property sector, which is often targeted by international investors in search of luxury real estate and business opportunities.

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A Thriving Hub for Property Investment

Dubai, with its strategic geographical placement, high-end infrastructure, and friendly tax policies, has become a magnet for property buyers worldwide. It is not just the city’s glitz and glamour that captivates them; it’s the potential for substantial return on investment, bolstered by a robust and ever-evolving real estate market.


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International Interest and Supportive Policies

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The trend of non-resident buyers, including those from India and the UK, investing in Dubai is on the rise. International banks based in the UAE are expanding their services to cater to these investors. Developers are also stepping up, offering financing programs and assistance with Golden Visa applications. Non-resident buyers can access funding of up to 60% of the property value, with a long tenure of up to 25 years, although they may encounter slightly higher interest rates than resident buyers.

Positive Impact on Local Economy

The recent Turkish investment not only contributes to Dubai’s economy but also showcases the ongoing confidence in the city’s real estate market, despite the oscillations of the global economy. Over the past three years, more than $3 billion of home financing has been processed in Dubai, underlining the city’s real estate market’s resilience and potential for growth.

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