Strategically located on Dubai's premier business address, Sheikh Zayed Road, the local representative office will cater to the rising interest of UAE and GCC investors and residents, inviting them to acquire properties across Turkey. Their slogan "Invest in Turkey" coincides with the "Reciprocity Law", recently put into effect in Turkey, allowing foreigners to buy residences in the country without observing the reciprocity principle.
Ali Agaoglu, Chairman and Founder of Agaoglu Group of Companies, said:
"With Dubai being recognised as a leading regional financial center and business hub, expanding to the Middle East and specifically Dubai, proved to be the right step forward. We are thrilled to launch our UAE office, offering us the opportunity not only to develop closer contacts with all potential buyers in the UAE and the GCC but also to better serve our existing clients who for many years have put their trust in Agaoglu developments and continue to be an integral part of our success."
He added: "Turkey and especially Istanbul is undergoing fast pace development, moving towards becoming the 10th biggest economy in the World. Istanbul plays a key role in achieving this goal set for 2023; with the momentous undertaking of Istanbul International Finance Centre (IFC-Istanbul) project by Agaoglu Group, we are proud to contribute immensely towards accomplishing the 2023 vision."
Agaoglu has been witnessing intense interest in Turkish Real Estate projects from the Gulf countries, manifesting an undoubtedly huge potential for the residential sector in Turkey. The foreign sales volume has reached $350m following the implementation of the Reciprocity Law.
Having commenced operations in 1981 with the first company of the group, Akdeniz İnsaat, today Agaoglu Group operates in construction, real estate, energy and tourism and are regarded as one of Turkey's most reputable and well-known brands, having already commissioned over 30,000 residences, with another 12,000 on schedule.