Agaoglu Group of Companies, a leading real estate company, announced that it expects an increase in the level of Gulf demand for its projects in Turkey following its recent participation in the Jeddah City Development and Real Estate Investment Exhibition - supported by Cityscape 2016.
Agaoglu Group of Companies announced that it expects an increase in the level of Gulf demand for its projects in Turkey.
During the exhibition, the group held meetings with government and real estate authorities and major investors and showed them through its experts the golden opportunities offered by the lucrative Turkish real estate market. It is expected that the two countries will witness several joint projects in this sector as Turkey is a favorite destination for Gulf investors, especially Saudis who prefer large cities such as Istanbul where it provides high-class housing at affordable prices, not to mention that Istanbul is everyone's favorite tourist city, which makes real estate as a very valuable asset that generates huge profits.
For his part, Mr. Ali Oğlu, Chairman and Founder of the Group, said: "In recent years, the residential real estate sector in Turkey has been growing strongly and has become one of the best markets due to high demand levels, location advantages, the country's balanced economy and, most importantly, strong financial and regulatory regulations that ensure stability and security for investors."
Mr. Ali Oğlu, Chairman and Founder of the Group, said: "The residential real estate sector in Turkey has been growing strongly in recent years and has become one of the best markets to invest in.
The Group has proven its credibility and competence as one of the main contributors to the growth of the Turkish real estate market thanks to the volume of investments it has attracted from more than 104 countries with total investments amounting to 2.5 billion dollars. It is no wonder that the name Agaoglu is a favorite among investors and Saudi citizens due to the quality and strategic location of the property.
He added: Our group enjoys high levels of confidence in the real estate sector and has become a key pillar of the Turkish real estate sector, contributing significantly to the growth of the country's economy. We are pleased with the level of interest in our projects that we witnessed at the Jeddah City Development and Real Estate Investment Exhibition, as the level of interest exceeded all our expectations, especially since this is our first participation in this exhibition. We welcome all GCC investors who wish to invest in Turkey and look forward to introducing them to our exciting projects that are redefining the real estate sector in the region."
Expressing great optimism about the group's current meetings in Saudi Arabia, he emphasized: "We have several Saudi investors in our projects and we are confident that these projects will strengthen the strategic relations between Saudi Arabia and Turkey. During our ten-day program, we met with government officials and representatives of the real estate sector in Dammam and Jeddah. Over the next three days, we will hold negotiations in Riyadh to implement more projects in the two countries."
He noted: "Saudi investors have shown great interest in our group thanks to the reputation we have built through our completed projects. Saudi real estate investors, who want to buy property in Turkey, only trust strong projects. Istanbul, like London and New York, has many features that appeal to real estate investors, but Istanbul is superior to London and New York in terms of affordability. The religious culture and traditional customs between Turkey and Saudi Arabia are similar. These advantages make Turkey the preferred destination for every Saudi investor looking to invest in a suitable and safe real estate.
The Group has added to its record of achievements many distinguished projects in the region and is currently developing several projects worth three billion US dollars in Istanbul and Buderim: Istanbul Global Finance Center, Maslak 1453 and MyNewYork.
Istanbul Global Finance Center project is designed to be the best and most modern global center with six commercial towers and a residential tower, all surrounded by maximum security and state-of-the-art technologies, spread over an area of 303,000 square meters. The total residential area is 3,000,000 square meters and the project contains a cinema, a conference center, seating for 2,500 people, as well as commercial and marketing centers to attract Turkish and international investors. The project is expected to increase Turkey's share in the global capital movement and enhance its advantages as the project will house local and foreign international financial institutions such as the Central Bank, Halkbank, Vakifler Bank, Ziraat Bank, the Turkish Capital Market Authority, and the Turkish Banking Regulation and Supervision Agency, whose headquarters will move to the commercial tower. Due to the growing interest shown by major Gulf investors in the project, Ağaoglu Group is in the process of inviting major corporate investors from the region to take a closer look at the project.
Maslak 1453, the largest European project, consists of 4,203 residential units, 507 commercial offices and 238 retail units. The project is expected to be completed in the first quarter of 2017 on a total area of 320,000 square meters including residential units, commercial offices, boutique shops, restaurants, an amphitheater, art galleries, a concert hall, shopping centers, and a 1,453-meter-long boulevard that will house international brands. It is an exceptional project by international standards with 100,000 square meters of marketing space. The project consists of 24 towers, the highest of which has 55 floors and the lowest 21 floors, and its location is close to the Fatih Forest. The architectural design complies with environmental conservation standards and the project has been nominated for LEED Gold certification. One of the towers has been completed and the units have been offered for sale with attractive incentives, and the owners of the sold units have started moving into their new residences.
My New York has been introduced to individual and corporate buyers as a modern version of a mega bazaar consisting of theaters, dining facilities, residential and commercial spaces, large terraces, and innovative commercial centers that provide convenience and practical solutions. It is expected to be completed in the first quarter of 2017.
