Turkey hosts first Cityscape as UAE demand continues

Turkey is hosting its first Cityscape exhibition this weekend, as UAE investors continue to drive property sales.

Turkey’s first Cityscape exhibition kicks off today. The show, which takes place at the Istanbul Congress Center until Sunday 26th March, will see domestic and global investors come together with leading real estate companies to discuss the country’s prospering housing market.

Indeed, sales and prices of Turkish real estate continue to climb in 2016, with UAE investors continue to prove a driving force behind activity.

According to the latest Turkish Land Registry report, UAE real estate transactions by UAE residents have increased by 160 per cent in the last two years. In 2015, 332 UAE citizens purchased Turkish property and subsequently the country also ranked among the top nations in terms of square meterage, at more than 433 square meters per person.

Witnessing this growth first hand is Universal21, the largest management company based in Istanbul, which has recently launched Crest Plaza Residence in the Beylikdüzü district of Istanbul. The company’s most recent data shows that the UAE, along with fellow Gulf nations Iraq and Saudi Arabia, is accountable for more than half (62 per cent) of their 2015 sales.

“We have definitely noticed an increase in interest from the UAE, as well as investors from other Gulf nations, in recent times and exhibitions like Cityscape will only further highlight the potential of the Turkish property market to these prospective buyers,” comments Adil Yaman, Director of Universal21.

“Cityscape enables Gulf investors to come together, therefore making it an extremely successful platform from which to promote Istanbul as a city and the real estate opportunities currently available.”

The Hosted Buyer Programme launched by Informa Exhibitions, the organisers of Cityscape Turkey, will connect potential investors with at least 50 high profile exhibitors participating in the show.

“The response from investors in the UAE to our hosted buyer programme has been reassuring and we expect that the series of pre-qualified one-on-one meetings to fast track the experience and showcase a tailored collection of quality projects and existing developments will help meet clients’ exacting requirements,” comments Wouter Molman, the director of Cityscape Group at Informa Exhibitions.