Middle Eastern Royalty Visit Yalikavak

Yalikavak is the place to be for Middle Eastern Royalty in hot summer seasons. Turkey’s famous holiday resort is one of the hottest spots for world wide celebrities and Royal Families. According to officials in the last 10 years, many celebrities and royal families visited the area with their million dollar yachts. Among them are Saudi Arabian Prince Mohammad bin Fahd bin Abdul Aziz al-Saud, Kuwaiti Emir Sheikh Sabah al-Ahmed al-Sabah and Prince Hassan of Jordan, all of whom have bought villas and land in the area.

Platinum Magazine, an Arabic-language, prestigious lifestyle publication owned by a member of the Saudi royal family, Prince Maha al-Shaikh, dedicated four pages to Bodrum in one of its recent issues. The article praised Bodrum  and Yalıkavak’s natural beauty.

Top executives from Saudi Arabia, Kuwait, Lebanon, Bahrain and Qatar, who have all invested in the area, are also spending their summer holidays with their families in luxury yachts berthed at Pamarina,

The Republican People’s Party, or CHP, mayor of Yalıkavak, Mustafa Saruhan, said the total investments made by Middle Eastern princes, kings and sheiks in the past 10 years amounted to over 500 million euros.
Apparently from the Ottoman dynasty, Sultan Murad’s fifth grandchild, Osman Selaheddin Osmanoğlu, also owns a villa in Yalıkavak. The ownership of these villas and title deeds belong to either architects, embassy personnel, honorary consulates or relatives who live in Turkey.

Source BODRUM – Doğan News Agency (DHA)

Last May, Turkey  relaxed its property laws for foreigners, to boost its international appeal. That move led to the number of foreign buyers more than doubling during the first six months of 2013. Foreign property owners automatically qualify for residency permits, with this in mind and the obvious attraction I feel that Yalikavak is in for a 5 to 6 year property boom!

 

By  Darren Edwards