Buying Apartments in Turkey for Saudis on Installments

Many Saudis are opting to buy apartments in Turkey due to the promising real estate opportunities and unique facilities offered by the country, especially for Gulf investors.

Installment options are a significant draw, allowing Saudis to own apartments in Turkey by paying in installments without needing to pay the full amount upfront.

In this detailed guide titled "Buying an Apartment in Turkey for Saudis in Installments," we provide a comprehensive explanation that includes:

• The most important advantages of buying an apartment in Turkey for Saudis.
• The legal purchase conditions for Saudis in Turkey.
• Steps to buy apartments in installments.
• The best areas favored by Saudis.
• Financing and payment plans.
• Prices and types of apartments available, in addition to practical tips for choosing the right property.

This article will help you if you are looking for apartments for sale in Turkey, aim to buy apartments in installments in Turkey as a Saudi, or are even interested in real estate investment in Turkey in a safe and well-considered manner.

Advantages of Buying an Apartment in Turkey for Saudis

Advantages of Real Estate Investment in Turkey for Saudis

Many Saudis are turning to buying apartments in Turkey due to its stimulating investment environment, where Saudi citizens have the right to own property without restrictions, according to facilitated bilateral agreements between the two countries. Key advantages include:

• Full freedom of real estate ownership in the name of the Saudi citizen without the need for a Turkish partner.
• Attractive investment returns in major cities such as Istanbul, Antalya, and Bursa.
• Opportunity for Saudi nationals to obtain real estate residency by owning a property worth at least $200,000.
• Ability to take advantage of fluctuations in the Turkish Lira exchange rates to benefit the Saudi investor.
• Benefiting from massive infrastructure projects such as the Istanbul Canal and new airports.

Reasons for Saudis Preferring Apartments in Turkey in Installments

• Reducing the financial burden on the buyer by distributing the amount into comfortable installments.
• Interest-free installments in many new projects.
• Ability to buy apartments in off-plan projects at lower prices, with higher market value upon delivery.
• Obtaining new apartments at prices suitable for Saudis and with modern specifications and high quality.

Conditions for Buying Property in Turkey for Saudis

Can a Saudi Buy an Apartment in Turkey?

Yes, any Saudi citizen can buy apartments in Turkey in installments or cash without any legal obstacles. Saudis receive special treatment due to the bilateral relations between the two countries.

Key Requirements

To complete the process of buying an apartment in Turkey for Saudis, the following documents are required:

• Valid passport of the buyer.
• Obtaining a Turkish tax number (free of charge from any Turkish tax office).
• Opening a bank account in Turkey to transfer payments.
• Obtaining an approved real estate appraisal report from the Turkish government (mandatory since 2019).
• Signing an official sales contract with notarization at the Turkish Land Registry (Tabu).

Steps to Buy an Apartment in Turkey in Installments

Steps to Buy Installment Apartments in Turkey for Saudis

1. Contact a trusted real estate company such as Mbany Real Estate, specializing in serving Saudi clients.
2. Determine the appropriate budget, down payment percentage, and installment period.
3. Choose the appropriate real estate project in terms of location, price, and payment plan.
4. Visit the property or purchase remotely with a legal power of attorney certified by the embassy.
5. Sign the sales contract and pay the deposit or down payment.
6. Obtain the title deed (Tabu) upon completion of payments or according to the contract.

Best Areas to Buy Apartments in Turkey for Saudis

Apartments for Sale in Istanbul

• Istanbul is the economic and cultural heart of Turkey.
• Distinctive projects in areas such as: Başakşehir, Avcılar, Kayaşehir, Bahçeşehir, Küçükçekmece.
• Proximity to facilities, services, and international schools.

Apartments for Sale in Antalya and Bursa

• Antalya: Coastal and touristy, suitable for seasonal investment.
• Bursa: Moderate climate and stunning nature, and increasing popularity among Saudis.

Modern Areas Suitable for Saudis

• Başakşehir: A completely modern city, with most residents being Arabs.
• Bahçeşehir: Modern complexes and excellent infrastructure.
• Kartal and Sarıyer: Sea views and proximity to the heart of Istanbul.

Apartment Prices in Turkey for Saudis in Installments

Factors Affecting Price

• City and region (Istanbul is more expensive than others).
• Type of project (ready or off-plan).
• Number of rooms and accompanying services (swimming pool, security, parking).
• Apartment view and location within the complex.

Average Prices

• One bedroom apartment (1+1): Starts from $60,000 – $90,000.
• Two bedroom apartment (2+1): Starts from $90,000 – $150,000.
• Luxury apartments or with sea views: May reach $250,000 or more.

Mbany Real Estate offers special deals for Saudis with installment options up to 5 years.

Types of Apartments Available to Saudis

Residential Apartments Suitable for Families

• Spacious areas (from 120 m² to 180 m²).
• Modern designs that suit the Saudi lifestyle.
• Gated communities and upscale services.

Investment Apartments

• Studio or 1+1 near transportation or universities.
• Suitable for long-term or short-term rentals (Airbnb).
• Investment return exceeding 7% annually in some areas.

Financing and Payment Plans for Apartments in Turkey in Installments

Common Installment Plans

• Down payment ranging between 35% - 50%.
• Paying the remaining amount in installments over periods of 12 - 60 months.
• Some companies offer interest-free plans as part of promotional offers.

Trusted Companies Offering Installments

Mbany Real Estate is one of the leading companies that provides:

• Apartments for sale in Turkey in installments for Saudis.
• Exclusive interest-free offers.
• Legal support and registration of the property in the buyer's name directly.

Real Estate Investment in Turkey for Saudis

Why is Saudi Investment in Turkey Safe?

• Growing real estate market open to foreigners.
• Clear laws regulating ownership and protecting rights.
• Ability to resell easily when prices rise.

Annual and Seasonal Rental Opportunities

• In Istanbul and Antalya: High demand from tourists and students.
• Rental returns ranging from 6% to 10% annually.

How to Choose a Suitable Apartment in Turkey?

Criteria for Choosing Apartments Suitable for Saudis

• Proximity to international schools and mosques.
• Availability of Arabic-speaking services in the area or complex.
• Availability of transportation and public services nearby.
• Projects offering apartments suitable for Saudis in terms of privacy and construction quality.

Tips Before Making a Decision

• Do not buy without visiting or sending a trusted expert.
• Deal with a licensed and well-known company such as Mbany Real Estate.
• Ensure that the property is officially registered and has no debts.

Frequently Asked Questions: Buying an Apartment in Turkey for Saudis in Installments

Conclusion: Buying an Apartment in Turkey for Saudis in Installments – A Guaranteed Investment and a Smart Move

Buying an apartment in Turkey for Saudis in installments is no longer a difficult dream, but has become a practical and rewarding investment option, especially in light of the real estate and legal facilities provided by the Turkish government.

Whether you want to live there, seek long-term investment, or even obtain residency, apartments for sale in Turkey are now more diverse and suitable for different budgets.

Make sure you make the right choice by dealing with a trusted company such as Mbany Real Estate, which specializes in serving Saudi investors, to ensure a safe and guaranteed journey in the world of real estate investment in Turkey.