(MENAFN - Khaleej Times) Agaoglu, the leading real estate and construction company in Turkey, inaugurated its first international office in Dubai to attract Gulf investment in Turkish properties.
Strategically located on Shaikh 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.
The company's 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.
"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," Ali Agaoglu, chairman and founder of Agaoglu Group of Companies, said at the opening ceremony.
The event was attended by a high-profile delegation of Turkish officials, leading Turkish media members and highly influential business leaders who flew in from Turkey, especially for the occasion.
These were accompanied by senior UAE government officials, industry leaders and keen buyers from both Dubai and the UAE capital.
"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," Agaoglu said.
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 350 million following the implementation of the Reciprocity Law.
"Turkey and especially Istanbul is undergoing fast pace development, moving towards becoming the 10th biggest economy in the World," Agaoglu said.