Apartment Prices in Turkey in Iraqi Dinar, Algerian Dinar, Kuwaiti Dinar, and Qatari Riyal

The average price of an apartment in Turkey is about 5.31 million Turkish Lira in August 2026, roughly $108,000, which equals approximately 164 million Iraqi Dinar, or 33,500 Kuwaiti Dinar, or 393 thousand Qatari Riyal, or 14.4 million Algerian Dinar. In Istanbul, the average price of a small apartment (1+1) is around $92,000, about 140 million Iraqi Dinar.

Apartment and real estate prices in Turkey are primarily determined in Turkish Lira according to Turkish law. Therefore, we found it useful to discuss real estate prices in Turkey compared to several major currencies, as a large segment of citizens from these nationalities increasingly seek freehold property in Turkey.

How Apartments Are Priced in Turkey

Real estate prices in Turkey are recorded in Turkish Lira, and the payment is officially made in this currency. Therefore, the price in your currency changes with every fluctuation in the Lira's exchange rate against the dollar, then the dollar against your local currency.

In August 2026, the average price per square meter for residential property across Turkey was 42,488 Lira, about $864. The Lira price per square meter increased by 23.5% over the year, while the Lira lost about 18% of its value against the dollar in the same period, so the actual increase in dollar terms is much less than the Lira figures suggest.

The city is the main factor affecting the price; the average apartment price in Istanbul is about 40% higher than the national average, while Bursa and Ankara are below it. Therefore, the following tables show prices for the five largest cities, not a single average. For factors that increase or decrease apartment prices, see the 2026 Apartment Price Guide in Turkey.

Apartment Prices in Turkey in Iraqi Dinar

The Central Bank of Iraq adopted a new official selling rate for the dollar to citizens on October 7, 2026, at 1,520 dinars, up from 1,320 dinars. This means the same apartment in Turkey now costs the Iraqi buyer about 15% more in dinars, even if its price in Turkey didn’t change.

Apartment Prices in Istanbul in Iraqi Dinar

The average apartment price in Istanbul is about 227 million Iraqi Dinar, and small one-bedroom apartments start at an average of around 140 million dinars, based on the official rate of 1,520 dinars per dollar.

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Apartment Prices in Turkey in Algerian Dinar

The table relies on the official price of the Bank of Algeria, approximately 134 dinars per dollar. Since the Algerian Dinar does not have a fixed exchange rate against the dollar, it is preferable to verify the official rate on the day of conversion.

Apartment Prices in Turkey in Kuwaiti Dinar

The Kuwaiti Dinar is pegged to a currency basket dominated by the dollar, so its rate against the dollar remains relatively stable, and apartment prices in dinar roughly move with dollar price changes alone. With its high purchasing power, 30,000 dinars covers the average apartment in Bursa or Ankara.

Apartment Prices in Turkey in Qatari Riyal

Turkish-Qatari relations are currently at their best, and the two countries share longstanding friendly ties, reflected in major investments and significant interest in real estate ownership in Turkey from the Qatari side.

The Qatari Riyal is fixed against the dollar at 3.64 Riyals, so the conversion rate is stable and only affected by the apartment's dollar price itself.

You may also want to read: «Apartment Prices in Istanbul in USD, Turkish Lira, and Saudi Riyal»

How Much You Need for Turkish Citizenship in Your Currency

The minimum real estate investment qualifying for Turkish citizenship is $400,000, according to the presidential decree published in the Official Gazette on June 13, 2022.

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Imtilak Real Estate, through its website, offers the opportunity to learn about property prices in major world currencies. Contacting Imtilak’s professional team saves you much time and effort in searching for your desired property.

Book your free consultation to find out what your budget in your country's currency can offer you in apartments in your preferred city.

Frequently Asked Questions

What is the price of an apartment in Turkey in Iraqi Dinar?

The average apartment price in Turkey is about 164 million Iraqi Dinar, rising to about 227 million in Istanbul, according to August 2026 data and the 1,520 dinar per dollar rate.

What is the price of a one-bedroom apartment in Istanbul in Iraqi Dinar?

Around 140 million Iraqi Dinar on average for an apartment approximately 65 square meters, based on the average meter price in Istanbul in August 2026 and the 1,520 dinar per dollar rate.

What is the price of an apartment in Turkey in Kuwaiti Dinar?

About 33,500 Kuwaiti Dinar for the average apartment in Turkey, and around 46,400 dinar in Istanbul.

What is the price of an apartment in Turkey in Qatari Riyal?

About 393 thousand Qatari Riyal for the average apartment in Turkey, and about 544,500 Riyal in Istanbul.

Is the apartment price paid in Turkey in dollars?

Pricing and official payment are in Turkish Lira; foreign buyers convert their currency to Lira when purchasing.

Are apartment prices in Turkey rising in dollars?

Prices rose 23.5% in Lira over the year up to August 2026, but the Lira’s 18% decline against the dollar during the same period limited the increase in dollar terms.

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Edited by: Imtilak Real Estate©