Tevfik Arif, Donald Trump,and other VIP that investedinTurkey
Many real estate veterans have invested in Turkey, including Donald Trump and Kazakh-Turkish businessman Tevfik Arif.
Several international corporations and celebrities have invested in real estate in Turkey over the years. Bayrock Group founder Arif, former American president Donald Trump, and Jennifer Lopez are among the investors.
Real estate investments from abroad are attracted to Turkey for various reasons.
The country’s economy is stable, and its population is growing, which is good news for investors.
Turkey also offers excellent investment opportunities due to its well-developed infrastructure.
The Turkish property market is booming, and many opportunities exist to invest in residential and commercial properties.
The country is a great place to invest your money, as its strong economy is predicted to grow in the years ahead.
Furthermore, the Turkish lira is weak against other currencies, making affordable property prices for foreign investors.
We will examine some of these initiatives in more detail in this article.
Bayrock Group’s Tevfik Arif and his all-inclusive hotel empire in Turkey
After the Soviet Union disintegrated in the early 1990s, former Soviet republics were introduced to a new world.
As part of a wave of young, skilled workers, Tevfik Arif transitioned from the public to the private sector.
Arif founded several companies after the collapse of the Soviet Union. These companies involved luxury real estate development, food, minerals, natural resources, imports, and exports.
As a result of his many businesses, he had a large network of national and international stakeholders.
Tevfik Arif eventually moved to Turkey in 1993, expanding his business and real estate portfolio.
He opened the opulent Armas Labada Hotel in Antalya. As a result, he quickly became a pioneer of all-inclusive hotels.
Europe’s first Trump Towers in Turkey
He also saw potential in Turkish real estate through his collaboration with Arif’s Bayrock Group. Therefore, in 2010 Trump opened the Trump Towers Istanbul.
Located in Işli, Istanbul, Turkey, they are two conjoined towers. Over 200 apartments are in two towers, one an office tower and the other a residential tower.
The complex also contains a shopping mall with 80 shops and a multiplex cinema. The Trump Towers are the first to be built on the European continent.
While one building is an office tower, the other comprises more than 200 apartments.
Each condo has its private wine cellar. A total of 16,800 bottles can be stored in the wine cellar.
Additionally, residents have access to an indoor pool, a spa department, and a gym. In addition, they have a breathtaking view of Istanbul’s skyline from the floor-to-ceiling windows.
Property developer Aydin Doan is in a partnership with American businessman Donald Trump.
The complex is home to many European and Middle Eastern businesses.
Office workers also have access to an indoor pool, a gym, and a beauty centre.
Besides being the first Trump Towers on the European continent, they also have an 80-store mall and multiplex cinema.
The original licensee holder was Miami developer Adi Chabli.He initially brought Trump to Turkey and held the license before negotiating and transferring the rights to Istanbul to Dogan Group.
The residential tower includes the only collective wine cellar in Turkey, the basement being built by Focus Wine Cellars.
<H2>What attracts Tevfik Arif, Donald Trump, and others to invest in Turkish real estate
Turkey is a significant player on the global stage, welcoming more and more foreigners. Turkey practices the best of both worlds as a country between the East and the West.
Besides being a popular destination for second citizenship, Turkey’s real estate market offers a significant return on investment.
Let’s take Istanbul as an example. Several of its most coveted neighborhoods have penthouses and new land developments in the suburbs.
Due to its Asian economic potential and ‘Western’ quality of life, it is a great place to live for ex-pats. This combination makes Turkey an excellent investment opportunity.
Turkey’s legal system and housing and architecture trends have undergone many changes. Here are some benefits of buying real estate in Turkey.
Cheap Prices of the Real Estate
Turkey’s real estate market entered the international market late. Therefore, the prices of homes attract many foreign nationals and ex-pats.
Luxury properties are available, but small coastal towns offer fully furnished 2-BHK apartments for under $60,000.
Profitable Return on Investment
Turkey’s real estate market offers lucrative ROI for long-term investors looking for long-term investments.
Compared to Cyprus and Spain, where property prices have already skyrocketed, Turkish buyers have the added advantage of lower prices.
With minimal maintenance and upkeep, well-maintained property in Turkey can generate a massive return on investment.
Easy Buying Process
The government has taken necessary steps to simplify the process to attract investment in the real estate market. This is one of the reasons foreigners choose Turkey for their property investment.
Citizenship in Turkey as a plus
Getting a Turkish Golden Visa is one of the most significant benefits of buying property in Turkey. Because of this, many foreigners looking for a second home choose Turkey.
Turkish citizenship by investment scheme allows ex-pats to obtain Turkish citizenship after investing $400,000 within 60 days.
Foreigners have always considered Turkey a desirable second home destination. Because of this, the country offers endless opportunities to businesspeople, professionals, students, and retirees.
So, it’s worth the search if you are interested in investing in Turkish real estate.
Other celebrities that own real estate in Turkey
We know that investors worldwide have been competing to find the best investment opportunities in Turkey.
Celebrities have also followed the trend and chosen Turkey as a destination for holidays or investment opportunities.
So here are some big names about to surprise you with their outstanding properties in Turkey:
Singer, actress, and dancerJennifer Lopez
Investing in a Bosporus view apartment in Ataşehir in Asian Istanbul was the choice of the US singer-actress. She bought the property in 2012 and returned to receive her keys last year.
Actors Angelina Jolie and Brad Pitt
The world’s most famous couple, “Branjolina,” has chosen Urla in Izmir to offer themselves a vacation house. They spent $2.7M on a sea view villa in 2015.
Football player Cristiano Ronaldo
In 2015, Madrid’s famous Portuguese footballer bought a $3.44 million mansion in Izmir for a holiday.
Model Naomi Campbell
The famous British model and entrepreneur own an island vacation home in Turkey. It is at Playa De Cleopatra in Turkey’s Gulf of Gokova, locally known as Sedir Adasi.
The property was her boyfriend’s present for her 41st birthday in 2011. It was specially designed by a Spanish architect to be shaped like the Egyptian eye of Horus to protect her.
These impressive investors believe Turkish properties are a good idea. There are no reasons that should prevent you from doing the same.