Middle Eastern property firm Emaar is again buzzing with the sound of investment murmuring this week thanks to the planned sale of units at a Turkish development. The firm’s country subsidiary for Turkey revealed property investors can snap up semi-detached villas in the second phase of a sale of its Tuscan Valley Houses development.
Detached properties are also up for grabs, with 75 per cent of the initial phase already sold ahead of December handover dates. Further phases are expected to follow with Emaar buying up an extra 500,000 sq metres after the high level of interest in the first units.
Emaar Turkey general manager Ozan Balaban said:
“International investor interest in Turkey’s property sector is growing given the country’s appeal as a tourism destination and its distinct location as the bridge between the Middle East region and Europe.
“Tuscan Valley Houses is a pioneering master-planned community in the country and offers investors a world-class environment.”
The Istanbul development includes houses in a Tuscan architectural style and an indoor recreation centre plus landscaped gardens. Last week Emaar unveiled the sale of units in two landmark residential developments being built in Marassi and uptown Cairo, Egypt.
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