Freehold ownership in Turkey for Saudis

Are Saudis allowed to own real estate in Turkey?

For many years, Saudi citizens have been among the top foreign nationalities owning property in Turkey, benefiting from the property ownership law that enabled them to own all types of real estate.

The laws regulating foreign property ownership in Turkey, according to the 2012 law, stipulate that foreigners wishing to own real estate in the country are treated the same as Turkish citizens in those countries. Under this law, restrictions on some foreigners, including Saudi citizens, were lifted. Therefore, today, Saudi nationals have the right to own all types of real estate in Turkey without any restrictions or conditions.

In recent years, Saudis have been among the leading buyers in the Turkish real estate market, before being joined at the top by Russians, Iraqis, and other nationalities whose interest in Turkish real estate has increased for various reasons.

What types of properties can Saudis own in Turkey?

The Turkish property ownership law did not exclude Saudis from any category of property, allowing them to own all types of built properties (such as apartments, villas, shops, offices, commercial centers, industrial facilities, and various buildings), as well as undeveloped properties (such as land of all types: construction or agricultural).

In this regard, Saudis have benefited from the options of property ownership in residential, commercial, or investment properties, which varied according to their investment aspirations or goals for ownership.

What are the conditions for Saudis to own property in Turkey?

The process of property ownership for Saudis in Turkey is not subject to special conditions, except for the usual ownership procedures. Saudis are welcomed in Turkey through the laws and facilities provided by the Turkish government, and they have the freedom to own real estate without notable conditions. They are among the nationalities fully eligible for property ownership and disposal.

Required documents for Saudis to own real estate in Turkey

As previously mentioned, the process of real estate ownership for Saudis does not differ from others. As for the documents and steps required during the contract process, they are as follows:

1. The foreigner must obtain a tax number from the Turkish tax office, which will be linked to all his tax transactions in Turkey.
2. Translation of the passport or relevant documents by a sworn translator into Turkish, and certification of the translation from a notary office (equivalent to a notary public in Arab countries) or from a Turkish embassy abroad.
3. Two personal photos of the new property owner to be included in the land registry system and on the title deed.
4. Payment of the title deed fees and the taxes required by the laws regulating the property ownership process in Turkey.

It is also important to remember that the process of property ownership in Turkey involves several important steps that should not be overlooked. To ensure a smooth and correct ownership process, we always advise obtaining comprehensive consultation from a trustworthy real estate advisor experienced in all stages of ownership. You can also benefit from the services of real estate marketing companies established in Turkey to achieve these goals in the best legal way, which is what Imtilak Real Estate has been providing in Turkey for 13 years with complete professionalism and excellence, offering integrated free services, making it the leading company in its field.

Property ownership in Turkey for Saudis and real estate residence

Turkey has captivated a wide segment of Saudis due to its many advantages, stunning natural beauty, pleasant climate, proximity to the Arab region, and a culture closely related to the Islamic world, of which it is a part. In addition, its open markets and booming job and investment opportunities in various sectors, as well as its educational environment, skill development opportunities, and healthcare options...

For all these reasons, many Saudi brothers have chosen Turkey as a new and secondary home in addition to their original homeland, leading to a boom in property ownership options for the purpose of obtaining real estate residence, which is one of the legal residence options for foreigners in Turkey.

According to the latest updates regarding real estate residence effective from 16/10/2023, the new Turkish law has confirmed the possibility of obtaining real estate residence in Turkey for any foreigner (including Saudis and their family members) who owns property in Turkey valued at $200,000 or its equivalent.

The same decision allows those who owned property/properties in Turkey before this decision to benefit from the previous rule, which set the minimum property value for real estate residence at $75,000 or its equivalent in major cities, and $50,000 or its equivalent in smaller cities.

Property ownership in Turkey for Saudis and Turkish citizenship

It is also known that the possibility of obtaining Turkish citizenship through real estate investment has significantly boosted the foreign investment sector in Turkey since the issuance of the citizenship-for-investment decision. This decision initially set the value of properties eligible for Turkish citizenship at $500,000 or its equivalent, before being amended to $250,000, and finally settled at $400,000 or its equivalent.

Saudis can benefit from the Turkish citizenship law, which can usually be obtained within a period not exceeding 6 months from the date of completing and submitting the application to the relevant authorities.

Saudi and want to own property in Turkey? Consult Imtilak Real Estate

Whether your goal is property ownership in Turkey for residence, investment, or even to benefit from the advantages of Turkish citizenship, you can rely on Imtilak Real Estate to experience property ownership under the best conditions and specifications, benefiting from our extensive real estate portfolio at Imtilak and our wide expertise in the Turkish real estate sector.

Imtilak Real Estate provides advisory services to investors and those wishing to own property in Turkey with utmost dedication and unrivaled practical experience, supported by our strongest team in the field of property ownership and real estate investment, established to serve you and growing with your trust.

From the very first contact with Imtilak Real Estate, our clients will notice our professionalism in managing the consultation and service process, as well as our rich offers and comprehensive free service packages covering all stages of ownership, including everything before, after, or surrounding it.

Edited by: Imtilak Real Estate©