Qatari real estate gains definite for Turkey in middle, long terms

Mazaya Qatar‘s CEO Hamad el-Hedfa, who runs one of the country’s largest real estate investment companies, said that opportunities in the Turkish market will continue in the middle and long terms.

Speaking after the strategic cooperation agreement signed between Mazaya Qatar and Turkey‘s Global Securities during Cityscape Istanbul 2016 real estate fair to launch the country’s first real estate investment fund, Hedfa said that the real estate prices are behind of many European cities.

“It is not possible for someone who invested in Istanbul to lose. Because there is only one Istanbul,” Hedfa said.

Pointing out to the importance of establishing and marketing real estate investment funds in Turkey, Hedfa said that they have serious investment in that field and they are sure that the new fund will attract investors, especially when strategic macro cooperation between Turkey and Qatar and strong regional interest to Turkish real estate market is concerned.

Global Securities Board Chairman Erol Göker said that the bridge between capital markets of the world and Turkish real estate market is now being established, and following the permission from the Capital Markets Board (SPK), it should be awaited that the funds to flow into Turkey.

The real estate investment funds will provide investors from the Gulf region first time a secure alternative to invest in Turkish real estate market without actually buying property.

The fund agreed between Global Securities and Mazaya Qatar is expected to reach a market value of $250 million in the short term.

Qatari real estate