Azerbaijani Sheikhs buy villas off coast of Bosphorus for tens of millions of dollars

The rich from Dubai, Katar, Kuwait and Azerbaijan buy historical villas worth tens of millions of dollars on the banks of the Bosphorus. According to Turkish media, over the past year, the owners of two -story villas with a sea view in the areas of Istanbul Vanykei, Kandilly, Anadolukhisara, Bebek and Yenikey.

Currently, another 50 out of 622 villas are put up for sale, the cost of which ranges from $ 20-30 million.

Real estate experts note that the largest buyers of villas at the Bosphorus Strait are Arabs. However, the demand from the citizens of Azerbaijan has significantly increased significantly. Real estate buyers worth tens of millions of dollars insist that their personalities remain confidential when concluding contracts of sale. For this reason, information about Azerbaijan citizens who bought luxurious villas is absent in open sources.

Meanwhile, according to Nizameddin Asa, the head of the Istanbul Association of Realtors, the Bosphorus Vil market in Istanbul is limited and private. Villas mainly buy Arab sheikhs and wealthy citizens of Turkey.