The Most Expensive House Sale in Dubai in 2023 Was Made to a Turk

House prices in Turkey rose at lightning speed, especially during the pandemic period. So much so that today, in Istanbul A house of average quality and size It is possible to find a house for this price in Florida, France, England or Dubai. In fact, if you remember, in a news we shared with you in the past weeks, we mentioned that Hollywood star Charlize Theron offered her huge mansion in Los Angeles for sale and that we could buy a 4+1 apartment in Istanbul for the same price.

However, the regulations that have been applied for the last two years for house rents 25% raise limit, has caused those who bought houses for investment purposes to look for different things, and the latest statements confirm this situation. According to the statements of international real estate expert Şerif Nadi Varlı, in 2023 120 thousand Turkish citizens bought houses abroad. This situation shows that those who want to buy a house are starting to look abroad.

Turks spent $2 billion to buy houses abroad in 2023 alone

According to Varlı, those who want to invest in a house in Turkey started to buy apartments in Dubai, Macedonia, Kosovo, London, Germany and the USA due to the negativities in the domestic market. Turkish real estate investors will go abroad only in 2023 Investment of over 2 billion dollars made. Varlı stated that Dubai is the location that Turkish investors are most interested in and said:

“For the first time in Dubai lists in 2023, Turkish investors became among the top 10 real estate investors. The most expensive house sale in Dubai in 2023 was made to a Turk for 130 million dollars. While Turks were purchasing real estate abroad for 130 million dollars a year 10 years ago, in January 2024, they spent this amount in 1 month with a purchase of 133 million dollars.“

Nadi Varlı talked about the real estate preferences of Turkish investors as follows:Generally $300 thousand-$1 million Real estate in the range of budgets are the ones we sell most frequently. And these are usually studio, 1+1, 2+1 flats from branded residence projects.” he explained. So, we can say that the investment preferences of Turkish investors vary between 10 million TL and 30 million TL.