An apartment in Dubai or a full-fledged penthouse in Antalya, and a car for rent
Antalya and Dubai are two cities that are attractive for investment and entrepreneurship. Both are located in the East and are famous for their warm sea, luxurious beaches and high level of service. But despite the common features, there are also differences, especially in the real estate market.
The Turkish market has a wide variety of offers for different budgets. Prices here are lower than in the UAE with comparable quality of properties.
In the Republic of Turkey, it is easier to obtain a residence permit in exchange for purchasing real estate. Türkiye is attracting more and more investors due to affordable prices, ease of doing business and the absence of additional taxes.
Real estate
The Antalya region is famous for its affordable property prices. Here you can buy a sea view apartment for only $120,000. Buying a property from $400,000 gives you the right to receive , and with it - access to health care, social benefits, simplified business opening, bank accounts in European banks and visa-free travel to 118 countries.
In Dubai, prices are significantly higher: for $150,000 - $300,000 you can only count on an apartment 30 minutes' drive from the sea and in a residential area. To buy real estate within walking distance of the sea, for example on Blue Waters Island, you will need at least $450,000. According to statistics, over the past year the cost of a square meter in Dubai has increased by 56%.
Climate and nature
Türkiye is famous for its mild Mediterranean climate, ideal for permanent residence. It has warm winters and hot summers. Picturesque mountains and magnificent beaches of the Mediterranean Sea create a comfortable atmosphere throughout the year.
The UAE has a dry tropical climate with very hot summers: the temperature can reach +50°C in the shade. The heat lasts for about half a year. At this time, it is better to go outside only in the evening or at night. Due to high temperatures, the concentration of oxygen in the air decreases sharply, which negatively affects well-being.
In terms of living comfort, the Turkish climate has an undeniable advantage, especially for those who plan to move to the country for permanent residence.
Infrastructure of cities
Modern residential complexes with developed infrastructure are being actively built in the coastal cities of Turkey. Swimming pools, sports grounds, recreation areas, and parking lots are being built right on the development site.
Gated complexes have a fenced area with access control. Multi-level complexes consist of buildings 7-10 storeys high. Low-rise - mainly villas and townhouses.
The UAE has many high-quality infrastructure facilities, but there are also typical buildings with narrow alleys. In addition, the ground floors of buildings are reserved for commercial premises and parking.
Cost of living
Life in Antalya is characterized by affordable prices and high quality. The cost of goods and services here is 5.4% lower than in Russia.
The most expensive food items are meat and butter, but vegetables and fruit are inexpensive. Breakfast at a cafe will cost 300-400 lira (900-1200 rubles). Utilities for a family of 2 will cost about $20 per month.
In Dubai, the price level is significantly higher. The cost of goods and services exceeds 66% countries of the world. For example, lunch at a fast food restaurant will cost about 32 dirhams (800 rubles). Education at universities varies from $7000 to $20,000 per year. And a visit to the doctor is about $80.
Antalya is ahead of Dubai in terms of affordability and high quality of life. The cost of food, services, education and medicine is lower here.
Real estate ownership
In Turkey, you can become the full owner of the purchased property. This provides greater guarantees and opportunities compared to renting, which is common in the UAE.
Property tax in the Turkish Republic is only 0.1-0.6% of the value, while in the UAE there is no tax.
In addition, new housing construction is actively underway in Turkey. In 2023, more than 1.2 million real estate properties were already sold. The range of new buildings here is wider than in the United Arab Emirates, where the emphasis is on elite options.
Thus, for the acquisition of a full-fledged personal property of the middle class, Türkiye is a more attractive option.
Right of choice of real estate
In the Turkish Republic, foreigners can buy property almost anywhere, with the exception of strategic areas. As for the UAE, real estate purchases are only permitted in specially designated areas.
In terms of freedom of choice of properties, Türkiye is ahead of the United Arab Emirates. There are significantly more options for investment and purchasing your own home for living.
When choosing an object, it is important to contact trusted agencies. Experienced lawyers will help to avoid pitfalls when executing a transaction and take into account all the intricacies of local legislation.
As you can see, Turkey has significant advantages over the UAE in terms of prices, climate, infrastructure and choice of real estate. Therefore, more and more investors choose the Turkish coast for investing in residential real estate or buying their own home.
If you want to know more about the available real estate options in Turkey, contact a real estate agency. We will help you make the right choice.