Agaoglu Continues to Introduce Monumental Developments In-line with Turkey’s Stable Economy

Since the inauguration of their first international office in 2013, strategically located in Sheikh Zayed Road, Agaoglu has been catering to the increasing number of GCC investors and residents, inviting them to acquire properties across Turkey. 

Agaoglu has witnessed immense interest in Turkish real estate projects from the Gulf countries , undoubtedly exhibiting huge potential for the residential sector in Turkey. Since the establishment of Agaoglu’s  Dubai office, their foreign sales volume has reached 2 billion USD  in 2016.  With reference to the 104 nationalities that have invested in Agaoglu’s projects in Turkey,  Cityscape Global has been a supremely efficient platform as it brings together the biggest investors from the Gulf region, making way for successful partnerships and expansion.

With its developing economy and its strong political stance in recent years, Turkey has become a rising star in the world.  With this steady foundation, real estate projects in the country have come forward as appealing investment instruments.

Ali Agaoglu, Chairman and Founder of Agaoglu Group of Companies, said: ‘’Turkey will continue to be a stable and safe country for investors due to its robust foundation, well-balanced economy, and strong financial and regulatory environment. The economic and political ties with neighboring countries have been enhanced even more recently and potential investors are confident that Turkey represents tremendous possibilities and numerous opportunities for the local and foreign markets due to its young and dynamic population. Confidence in the Turkish economy has once again been proven as the credit rating agencies retained their former investment grade rating status. With successful results from our Dubai office, we are constantly in good relations with the local market.  As the biggest representatives of the Turkish real estate industry in the Middle East, we are ready to cater to all the enquiries of property owners about the future of their existing investments, as well as potential buyers that are planning to expand their business and lives to Turkey in the upcoming years.’’

As Turkey’s leading real estate developer, Agaoglu will continue to serve the economy by introducing monumental projects. In line with its growth plan, the group is currently developing four  new projects worth of 3 billion US Dollars in Istanbul and Bodrum, Turkey. 

The highly anticipated current projects of the group are Istanbul International Financial Center (IIFC), Maslak 1453 and My Newwork .

IIFC is designed to be the best and newest Financial Centre in the world, consisting of 6 commercial and 1 residential towers that have been instilled with optimum security and technology on a land of 303.000 square meter. The total construction area of the project is 3,000,000 square meter. The project includes a cinema, conference centre with a 2500 seating capacity, as well as new business and shopping hubs attracting both Turkish and international investors. The development is expected to increase Turkey’s share in the international capital movement by enhancing Istanbul’s power of attractions which are the local and foreign international financial institutions such as Central Bank, Halk Bank, Vakıflar Bank, Ziraat Bank, Capital Markets Board of Turkey and Banking Regulation and Supervision Agency head quarter offices to be relocated to the business hub of the project. Due to the accumulated interest from prominent investors, especially from GCC, the Agaoglu management is now deliberating on making efforts to invite large corporate investors. 

Maslak 1453, Europe’s largest mixed used project is composed of  4.203 residential, 507 office and 238 retail units. The construction is planned to be completed in the first quarter of 2017 on the total land area of 320.000 square meters with the inclusion of residential units, offices, stores of various sizes, special boutiques, food and beverage facilities, amphitheater, art galleries, concert hall with a special stage and shopping malls together with a 1453 meter-long street that has the capacity to host the world of international brands, all making it an extraordinary project on a world scale with a total of 100.000 square meter shopping area. The project includes 24 towers, the tallest of which is 55 floors high and the lowest with 21 floors. The project is adjacent to the city’s green landscape, Fatih Forest. The architectural design has been implemented adopting an environmentalist attitude nominating the project for Leed Gold Certificate Candidate. The recently completed tower of the project is launched for sales with special incentives and the new residents of the sold units are already moving into their new homes. 

The project My Newwork was introduced to individual and corporate buyers recently. Deemed to be

completed in the first quarter of 2017, it is expected to become a modern life Grand Bazaar, comprised with two 

theaters, F&B facilities, social spaces and observation terraces as well as innovative commercial solutions that are

inline with the current trends of office comfort and functionality.  

On the occasion of Agaoglu’s participation at Cityscape Global 2016, the key management came together with the United Arab Emirates government entities, investors, media and sector leaders to exchange ideas and discuss the future of strategic investment models to provide partnership opportunities in Dubai and the region. 

Agaoglu will be present at Hall 3-E10 during Cityscape Global with the stand number. The group will showcase their projects at the largest stand area within the Turkish pavilion.