The sky’s the limit! FDI set to pour into Turkey as national carrier unveils new UAE flights
- Turkish Airlines increase number of daily flights to Abu Dhabi and Dubai
- New direct flight routes make Istanbul more desirable as property investment location (Universal21)
- Istanbul New Airport to generate over 200 new routes flying to 350 worldwide destinations
Turkish Airlines has launched daily flights from Abu Dhabi to Istanbul, almost doubling the weekly flight frequency from four to seven services. The winner of the ‘Best Airline in Europe’ award at the 2015 Skytrax World Airline Awards, Turkey’s leading carrier has also unveiled additional flights to Dubai, increasing its capacity on routes to the most populous city in the UAE by nearly 50%.
A bold move that indicates growing confidence in the market, strengthening the direct flight routes between Istanbul and the UAE will inevitably support direct investment routes between the two nations, increasing foreign direct investment (FDI).
Establishing a greater physical connection between Istanbul and central cities within the UAE could create an array of opportunities for potential investors looking to Turkey, particularly in relation to the country’s thriving property market. Additional flights suggest an increase in demand and with holiday and business travel to Istanbul growing, so too will its attraction as a viable investment destination.
Adil Yaman, Director of Universal 21, the largest management company based in Istanbul, is confident in Turkey’s blossoming relationship with the UAE and all it has to offer both parties. He comments,
“We speak with potential investors from UAE nations on a regular basis and would expect their interest in Istanbul’s housing market to continue to grow throughout this year. The new direct flight routes make Turkey, and Istanbul especially, far more accessible to these nations and therefore even more desirable as a property investment location.”
Istanbul Ataturk Airport, the home hub for national carrier, Turkish Airlines, is now Europe’s third busiest airport according to the latest traffic figures released by anna.aero, a leading provider of airline network news and analysis. Their data for 2015 revealed that Istanbul Ataturk’s passenger numbers have grown by a colossal 164% since 2007.
This significant increase of activity at Istanbul Ataturk is paving the way for the construction of Istanbul’s aptly named New Airport, set to become one of the biggest and busiest international airports in the world. Once the fourth and final phase of construction is finished in 2028 it will boast six runways, generate over 200 new routes with flights to 350 destinations and an annual capacity of 200 million passengers, more than double that of Dubai International Airport’s 2015 record of 78 million passengers.
As the only city in the world to occupy two continents, Istanbul’s location will allow the New Airport to serve as the biggest interchange between Europe and Asia. Adil Yaman, believes that this location is key to Istanbul’s increasing popularity, he explains more,
“Istanbul’s prime location will enable the new airport to prosper as an international hub, connecting the East with the West in one outstanding structure that offers world class service and amenities. Transport links to the area of the new airport are excellent and do not suffer from the common congestion found in central areas of Istanbul. This makes property in districts like the middle class neighbourhood of Beylikdüzü even more attractive to investors. As Istanbul becomes even more accessible to a global audience, we would expect the building of this new airport to spark a heightened interest in the investment opportunities available in the city.”
Universal21’s most recent development is the Crest Plaza Residence, situated in the Beylikdüzü area of Istanbul. Crest Plaza Residence is well-located for both transport links and amenities, with the beach just a ten-minute drive away and Ataturk airport and Istanbul’s New Airport only a 20 minute drive away.
Formed of two blocks of 11 floors and a total of 199 apartments, Crest Plaza Residence boasts a wide range of facilities including fitness centre, swimming pool, Turkish bath, steam room, sauna, health club, cinema room, meeting room, BBQ terrace, games room, library and children’s playground.
Starting at £60,000, a range of spacious one, two and three bedroom apartments are available, with the additional choice of duplex roof apartments. All either overlook the landscaped gardens or a newly appointed park soon to be completed and the project also has the benefit of 24-hour security.
For more information about Universal21, visit www.universal21.com or call 0203 287 8700.