Turkey: Saudi buys 469 flats worth 190 mln USD in Istanbul

24 April, 12:48

    (ANSAmed) – ISTANBUL, APRIL 24 - The Agaoglu Group, one of the biggest real estate firms in Turkey, has recently sold 469 flats worth 190.7 million USD to a Saudi businessman in one deal, Arab News reports quoting the weekly Turkish magazine Ekonomist. The sale represents nearly 10% of the Agaoglu project in Istanbul, which has a total of 4,789 apartments. The Saudi businessman, whose identity has not been disclosed, has reportedly paid a deposit worth 10 million USD and will pay the remainder this week. Meanwhile, Hasan Rahvali, head of the Agaoglu Group, said the sale was unique in the Turkish construction sector. He said the Saudi buyer decided to make the deal after a recommendation from two Saudi businessmen, in which they bought 60 apartments each from their group last year.


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