With the increasing number of Arab residents in Turkey and their desire for long-term stability or to diversify income sources through real estate investment in Turkey for Arabs, the question arises: How can Arab residents buy an apartment in Turkey?
In this comprehensive guide on buying an apartment in Turkey for Arab residents, we thoroughly explore the conditions for purchasing an apartment in Turkey for Arabs.
Highlight the best areas for buying apartments in Turkey for Arab residents, detail the procedures involved in property acquisition, explain each step of the purchase process, estimate expected costs, and illustrate how to benefit from Mbany Real Estate's expertise to ensure a smooth and successful experience.
Are Arab Residents Allowed to Buy Property in Turkey?
Legal Framework for Real Estate Ownership
Turkey has enacted the Property Ownership Law (Law No. 6302, amended in 2012), which allows foreigners, including Arab residents, to purchase property in most provinces, excluding military and security zones.
According to the General Directorate of Land Registry and Cadastre (Tapu ve Kadastro Genel Müdürlüğü), the maximum share of property ownership for foreigners in any single province is 10% of the total residential land.
Benefits of Property Ownership
- Holders of real estate residence permits (Yabancı Gayrimenkul İkamet İzni) are eligible for a two-year renewable residence permit, providing legal and social stability.
- Residents can benefit from flexible local mortgage financing options covering up to 75% of the apartment’s value, reducing the financial burden of full cash payment.
Conditions for Arab Residents Buying an Apartment in Turkey
What Are the Requirements for Arab Residents?
- A valid passport and a valid Turkish residence permit (Ikamet).
- Turkish tax number (Vergi No) obtained from the local tax office in the province of residence.
- Property Title Deed (Tapu) free of mortgage or debt, confirming the seller’s legal right to sell.
- An occupancy permit (Iskan) or habitation certificate is required to ensure safety and planning standards compliance.
Additional Documents and Translation Procedures
- All documents must be translated into Turkish by a sworn translator (Yeminli Tercüman).
- A qualified engineer should prepare an inspection report to verify construction quality and safety compliance.
- In the buyer's absence, a lawyer or authorized agent can execute a notarized power of attorney (Notarized Power of Attorney).
Best Areas to Buy an Apartment in Turkey for Arab Residents
Istanbul: The Economic Capital
- Başakşehir: Modern complexes starting at $70,000, close to new metro lines.
- Kadıköy (Asian side): A blend of modern life and traditional culture with rental yields up to 6%.
- Taksim–Beyoğlu: Cultural and commercial hub with unique views and tourist infrastructure.
Antalya: The Capital of Coastal Tourism
- Lara and Konyaaltı: Apartments ranging from 80–150 sqm, seasonal rental returns up to 10%.
- Alanya: Sandy beaches and gated communities with full services are ideal for long-term stay or retirement.
Bursa and Izmir: Balanced Options
- Bursa: has a clean mountain climate, is 20–30% cheaper than Istanbul, and has low monthly maintenance fees.
- Izmir: A coastal city with a modern port and international universities that offers good investment opportunities in new neighborhoods.
How Much Does It Cost to Buy an Apartment in Turkey for Arab Residents?
Total Cost Breakdown
- Base property price: Depends on location, size, and finishing.
- Reservation deposit: Typically 3–5% paid upon signing the preliminary contract (Ön Sözleşme).
- Title deed registration fee: 4% of the declared value.
- Translator and notary fees: Around 1–1.5% of the transaction value.
- VAT (Value-Added Tax): It ranges from 1% to 18%, depending on the project's age and classification.
Cost Example
Apartment priced at $100,000:
- Deposit: $4,000.
- Title deed fee: $4,000.
- Translator & notary: $1,200.
- VAT (without exemption): $18,000.
Total estimated cost: $127,200.
Steps to Buy an Apartment in Turkey for Arab Residents
Step 1: Research and Planning
- Set a budget and select the city and neighborhood using the guide provided by Mbany Real Estate.
- Use market insights and growth reports from the last five years.
Step 2: Legal Verification
- Obtain a copy of the title deed (Tapu) and use the online title inquiry service to check for legal issues.
- Consult a Turkish law firm for a legal report outlining any past obligations or claims on the property.
Step 3: Preliminary Contract and Deposit Transfer
- Draft and notarize the reservation contract (Ön Sözleşme), clearly stating termination conditions.
- Transfer the deposit through a Turkish bank and retain the transaction receipts.
Step 4: Final Registration at the Tapu Office
- Book an appointment at the General Directorate of Population and Citizenship Affairs (Nüfus Müdürlüğü) to obtain a residence certificate (İkametgah Belgesi).
- Pay the title deed fee and visit the land registry office to receive the title deed in the buyer’s name.
Step 5: Post-Purchase Procedures
- Register the property on the e-Devlet portal to access municipal services.
- Consider hiring a property management company for leasing and maintenance if the apartment is an investment.
Real Estate Investment in Turkey for Arab Residents
Advantages of Real Estate Investment in Turkey
- Stable economic growth: The real estate sector has grown by over 4% annually over the last decade.
- High rental returns: Between 6–10% in major cities and tourist areas.
- Geographic flexibility: The Ability to rent the property seasonally ensures continuous income.
Obtaining Turkish Citizenship
An investment of at least $400,000 in one or multiple properties allows the investor to apply for Turkish citizenship for themselves and their immediate family.
Guide for Arab Residents Buying in Istanbul or Antalya
Istanbul Guide
- Choose the right side: European side for luxury projects, Asian side for more affordable prices.
- Proximity to transport: Ensure the project is close to metro, tram, or Metrobus lines.
- Negotiation tactics: Ask for discounts from developers for cash payments or delayed handovers.
Antalya Guide
- Focus on gated complexes: Ensure security, private pools, and gardens.
- Seasonal yield: Renting during summer increases returns to 10–12%.
- Warranty and maintenance programs: Check post-delivery services offered by the developer.
FAQs: Buying an Apartment in Turkey for Arab Residents
What are the conditions for Arab residents to buy property in Turkey?
They include a valid Turkish residence permit, a Turkish tax number, a clear title deed, and an occupancy permit (Iskan).
Are Arab residents allowed to buy property in Turkey?
Yes, Arab residents are legally allowed to buy property under the law that permits foreigners to own up to 10% of land in a province.
How much does it cost to buy a property in Turkey for Arab residents?
The total cost, including deposit, title deed fees, VAT, translator, and notary fees, is about 6–30% above the apartment’s price.
What are the steps for Arab residents to buy property in Turkey?
Steps include research and verification → signing the reservation contract and deposit transfer, → legal check, → final registration at the Tapu Office.
How can I benefit from Mbany Real Estate's services?
Mbany Real Estate offers legal and financial consultations, property viewings, and management of all procedures until the property is handed over.
Conclusion: Buying an Apartment in Turkey for Arab Residents
Through this comprehensive guide on buying an apartment in Turkey for Arab residents, you now have a clear vision on how to proceed, understand the legal conditions, costs, and key steps for a successful investment or permanent settlement in Turkey with the help of trusted experts like Mbany Real Estate.
17-10-2024 
