How to Buy Property in Dubai from Turkey: The Complete Guide

Turkish investors are increasingly turning to Dubai's real estate market, drawn by its tax-free returns, Golden Visa opportunities, and stable economy. With property prices in Dubai offering better value than Istanbul and a straightforward purchasing process, now is an ideal time to invest. This guide walks you through every step of buying Dubai property from Turkey.

Why Turkish Investors Choose Dubai Real Estate

Strong ROI Potential – Average 6-9% rental yields vs 3-4% in Istanbul

Tax-Free Environment – No property, capital gains, or rental income taxes

Golden Visa Access – Properties over AED 750K qualify for residency

Currency Stability – AED's USD peg protects against TRY fluctuations

Luxury Market Growth – Prime properties appreciating 7-10% annually

Step 1: Legal Requirements for Turkish Buyers

Can Turkish Citizens Buy Property in Dubai?

Yes! Turkish nationals can purchase:

1. Freehold properties in designated areas like:

• Dubai Marina
• Downtown Dubai
• Palm Jumeirah

2. Leasehold properties (up to 99 years)

3. Required Documents

• Valid Turkish passport
• Proof of funds (6 months bank statements)
• Turkish tax identification number
• Power of Attorney (if buying remotely)

Update: New digital verification for Turkish buyers via Dubai REST app

Step 2: Financing Options from Turkey

Option 1: Cash Purchase

• Best for avoiding mortgage interest
• Some developers offer 5-10% discounts for cash buyers

Option 2: Dubai Mortgage

1. Turkish nationals can get up to 60% financing

2. Interest rates: 5.5-7.5%

3. Required documents:

• 3 years' tax returns
• Employment verification
• Turkish credit report

Option 3: Turkish Bank Financing

• Limited options – Check with Turkish banks' international branches
• Typically require 40-50% down payment

Tip: Some developers now accept TRY payments through partner banks

Step 3: Money Transfer Process from Turkey

Approved Transfer Methods

• Bank Transfers – Through CBRT-approved channels ($50,000/year limit)
• Exchange Houses – Better rates than banks for large amounts
• Developer Direct Payments – Installment plans in TRY/AED

Important: Keep all transfer receipts for DLD registration

Step 4: Choosing the Right Property

Best Areas for Turkish Investors