International Tourism Festival in Alanya

According to an internal order of the migration service in Turkey, the issuance of a tourist residence permit is resumed for 6 months with the right to further prolongation for another 6 months. Important condition: in addition to the standard package of documents, the applicant must confirm a sufficient level of income for 6 months by providing an extract from a Turkish bank stating that he regularly receives money from abroad. The amount of income must be at least 30,000 liras per month per adult ($920).

With the advent of the tourist season in Bodrum, the monthly rent for summer houses and villas has reached sky-high heights. The average cost of a weekly rental of a 2+1 summer house for 4 people is 30 thousand liras, and the prices for villas reach 25 million liras! Villas rented last season for 200,000 lire per month are now being rented for millions of lire. In ultra-luxury villas with sea views located in the areas of Gelturkbukyu, Gundogan, Yalikavak and Ortakent, the rent starts from 90 thousand liras and reaches 25 million liras! Examples of villa rental offers in Bodrum: -The average cost of renting villas in the Gelkey area is 9 million liras-duplex villa of 350 sq. m. layout 5+1 with sea views of Sennet Bay - 25 million liras!- a mansion with a helipad in the Turkbukune area - 6 million liras- one-storey villa 3+1 with sea view in Yalikavak - 1 million 150 thousand liras Necati Yavuz, the owner of a real estate agency, said that the prices are prohibitively high: "These figures are extremely high and are most likely a trick to attract attention. It is necessary to take control of the real estate market in Bodrum. Otherwise, we risk losing investors who, looking at such figures, will turn their eyes to Greece, which is more accessible in this regard."

According to the Property Finder portal, in the first quarter of 2024, more than 36 thousand real estate purchase and sale transactions worth more than 100 billion dirhams ($27.39 billion) were carried out in Dubai. Compared to last year, sales increased by 13%. Experts assume that by the end of 2024, the growth trend will continue due to the competent policy of the UAE authorities, constantly improving infrastructure, flexible conditions for foreign investors and steadily growing demand for rental housing.

The Ministers of Iraq, Turkey, Qatar and the United Arab Emirates signed a memorandum on the Development Path project in Baghdad. The project involves the construction of roads and railways with a length of 1200 km, which connect Turkey with Iraq and will connect the countries of the Persian Gulf with Europe. The cost of the project is $17 billion. It is planned that it will be completed in 2028, and will increase the economic and strategic attractiveness of the entire region.