Şeyha Moza bint Nasser al-Missned, the mother of the Emir of Qatar Sheikh Tamim bin Hamad al-Sani, established a company in Turkey and bought 44 acres of land in Arnavutköy of Istanbul. Sheikh Moza, the wife of the previous Qatar Emir Hamad bin Khalifa al-Sani, founded Triple M Real Estate Tourism Trade Joint Stock Company on November 8, 2018 with a capital of 100 thousand TL in Basaksehir. Company shares were divided into 100 thousand shares and Şeyha Moza bought 45 percent of the company shares; Munira bint Nasır el-Misnad, wife of the former Deputy Prime Minister Abdullah bin Hamad el-Attiyah, bought 31.82 percent of the shares; and Shanna Nasser al-Misned bought 22.73 percent of the shares.

THE VALUE OF THE LAND WILL BE INCREASED

1.5 months after the company was established, 44 thousand 702 square meters of land on the route of Kanal Istanbul was purchased. The land appears as "field" in the development plans. The transfer of the land on lot 136 and block 39 in Baklali Village of Arnavutköy District took place on 27 December 2018.

The current value of the land is around 20-25 million TL. How much increase will be made after the new zoning plans in the area after the Canal Istanbul project?

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