Did you know that Istanbul has become one of the most powerful and important cities in the Turkish real estate investment sector? And it has a large audience of foreign and Arab investors who want to buy real estate in Istanbul.
Today, we are talking about how real estate in Istanbul has become a symbol of urban development, why it has become a primary destination for real estate investment, and the most important real estate areas in Istanbul.
Table of Contents
About real estate in Istanbul:
The Turkish city of Istanbul has witnessed a huge number of amazing developments in all sectors, for example, huge and international giant projects were established in it, such as the New Istanbul Water Canal and the New Istanbul Third Airport. Perhaps these and other metro projects and huge commercial projects have become one of the most important reasons for the boom in the Turkish real estate market in Istanbul, and for this reason, real estate in the Turkish state of Istanbul has become a very important investment value.
Is there an urban development in Istanbul real estate?
Certainly yes, the Turkish city of Istanbul is witnessing large-scale urban developments, as construction companies in Turkey compete to build very luxurious and high-end residential towers, and new residential complexes with all the basic and recreational services in Istanbul.
Perhaps the most important reason for the distinctive urban development witnessed by the city of Istanbul is the increase in the demand for real estate purchases by foreigners and locals, as according to the latest statistics, the percentage of foreigners' sales of real estate in Istanbul has recently increased significantly and strikingly.
Why do investors turn to Istanbul real estate?
Istanbul has become a primary destination for foreign investors coming to Turkey, and if you are wondering about the reasons why foreign and Arab investors also flock to the Istanbul real estate market, here is a list of the most important advantages of buying real estate in Istanbul:
-Istanbul is unique in being a first-class tourist city. It is considered the capital of Turkish tourism, and thousands of tourists flock to it annually from all over the world, due to its ancient archaeological and historical landmarks dating back decades, as well as luxurious entertainment venues with the luxurious tourist character, which adds an investment value to real estate in Istanbul.
-Istanbul can be considered the capital of the strong Turkish economy, due to the giant projects that have been carried out such as the New Istanbul Water Canal and the New Istanbul Third Airport, and perhaps these two projects are among the most important reasons for attracting foreign and Arab investments to the real estate market in Istanbul.
-Istanbul is characterized by the presence of a very developed and modern infrastructure at a high level of quality, and this of course adds a distinctive investment value to real estate in Istanbul.
-Istanbul is characterized by the presence of all the service facilities that you may need, such as hospitals and health and medical centers with high professionalism, which provide the best treatment services similar to the excellent hospitals and medical centers in Europe.
-In the Turkish city of Istanbul, you will find all the recreational service facilities, such as luxury restaurants, high-end cafes, cinemas, children's entertainment venues, sports clubs, public parks, and others.
-Istanbul has a very strong and developed transportation network. Istanbul is unique in the presence of a distinctive highway network that attracts foreign investors to buy real estate in the areas surrounding those roads, as well as metro lines, metro-bus and public buses.
-Real estate in Istanbul is characterized by its modern architecture and distinctive and international designs, where construction companies are keen to build real estate projects with international and modern standards.
-Istanbul has many real estate types and units that provide you with the possibility to apply for Turkish citizenship, which has become one of the most powerful nationalities in the world today.
-By buying real estate in Istanbul, you can obtain a Turkish passport, which is one of the most powerful passports around the world now. It enables you to enter more than a hundred countries around the world without a visa, in addition to the countries that you can enter with an immediate visa at the Airport.
- By purchasing real estate in the Turkish state of Istanbul, you can obtain a real estate residency in Turkey, which is a renewable residency for the duration of the property ownership, and is granted to the foreign investor with his family, a wife and children under the age of 18.
-Istanbul is full of many modern residential complexes, which have become a dream for many investors, as these complexes provide residents with all the basic and recreational services that they may need.
-Istanbul is distinguished from other cities of Turkey by the fact that the financial return and the expected profit from real estate projects is very good, and this is why many investors aspire to buy real estate in Istanbul specifically, hoping for abundant profits.
-There is competition between construction companies for the construction of luxury residential towers, and this makes real estate in Istanbul characterized by modern international specifications.
Does Istanbul real estate provide a high profit return?
As for the return on financial profit, which is one of the most important reasons for foreign and Arab investors to visit Istanbul in particular, it is noted that the population census increases every year in the city of Istanbul in a remarkable and record numbers, and perhaps this is due to the increase in the number of immigrants from Arabs and locals as well to live in the city of Istanbul, so Turks from other cities or Arabs from other countries are turning to it.
Considering that the basic theory here is supply and demand, the demand for real estate in Istanbul has increased due to the number of people requesting these properties, and then construction companies began to establish more residential complexes, real estate projects and investment opportunities in Istanbul.
And speaking of the desired material return from real estate investment in the real estate market in Istanbul, it has increased significantly in recent times, until it ranked second in the world in terms of achieving the highest profit from real estate investment, and perhaps the expected rise in material return has contributed a lot to the increase in investor turnout to the real estate market in Istanbul more and more. In numbers, the financial profit from real estate investments in Istanbul has risen to a huge record, ranging from 7% to 12%. According to reports issued by international real estate investment companies, real estate prices in the Turkish city of Istanbul have recently increased by more than double, and this is in the last decade.
The most important areas of Istanbul for real estate investment:
Of course, you now want to know the most important and famous areas that have witnessed urban developments in Istanbul, and have golden investment opportunities in the Turkish real estate investment sector, and the following is a list of the most important of those areas:
1-Beylikdüzü:
This famous area is located west of Istanbul, where it is bordered to the east by the Avcılar region, to the north by the Esenyurt region, to the west by Büyükçekmece, and to the south by the picturesque Marmara Sea. Beylikdüzü is considered one of the areas that have witnessed very booming urban developments in the real estate investment sector, and it has greatly outperformed the percentage of real estate sales to foreigners, and this is due to the following advantages:
-Real estate in Beylikdüzü is characterized by high modern quality in exterior architectural design and interior decoration.
- It has a strong and modern infrastructure, and this is evident in the streets of the area, which has helped to attract more investors to buy real estate in it.
-Beylikdüzü area includes all the basic services that the population needs, including major hospitals and advanced health centers, as well as schools and institutes of all kinds, not to mention the Turkish universities such as governmental, private and international as well.
- Beylikdüzü is full of many shopping centers, mega malls, which add a commercial character to it, which means the success of real estate investment projects that have a commercial goal.
-In Beylikdüzü, you can find a large number of famous tourist attractions and seaside resorts.
2- Bahçeşehir:
This area, which is known as the city of gardens, as some call it (the amazing city), is the Bahçeşehir district, which is located in a very special strategic location, as it is located northwest of Küçükçekmece Lake, and is an ideal place for real estate investment in Istanbul. Bahçeşehir district is characterized by the following :
- Bahçeşehir has witnessed amazing urban developments in real estate, and it has all the real estate types needed by investors, as residential apartments, luxury hotel apartments, commercial offices, and villas.
- Bahçeşehir area is unique in that it includes hills and valleys, which gives it a luxurious tourist character, and a unique beauty that attracts investors to real estate in that area.
-Bahçeşehir district is located in the heart of Istanbul, which adds to it an important investment advantage, as it can be reached from all over Istanbul.
-Bahçeşehir district includes a very modern transportation network, such as the railway that connects Bahçeşehir with all parts of Istanbul.
-In Bahçeşehir district, strong and modern infrastructure is available.
- Bahçeşehir area includes a huge number of luxury residential complexes, which provide residents with all service and recreational facilities, amenities and security means.
3- Küçükçekmece:
We are talking here about one of the most important areas of the European city of Istanbul, which has recently become one of the main investment destinations that are being developed in the plan of foreign investors wishing to buy real estate in Istanbul, and the following are the most important features of the Küçükçekmece region:
-The area is strategically located behind Ataturk Airport, and it is expected that this airport will turn into one of the largest parks in the world, with an area of 118 km.
-It has all the basic facilities that the inhabitant needs for living and housing, such as Turkish schools and universities, hospitals and distinguished medical centers.
-It has a strong transportation network, including metro lines, metro-bus and public buses.
-It is characterized by being close to the E5 highway, which adds a distinctive investment value to real estate in that area.
-The biggest mega malls in the whole city of Istanbul include Halkalı and Ikıtali.
-Prices in Küçükçekmece are quite special and not too expensive.
4- Ataköy:
Ataköy is one of the most important European regions of Istanbul, and it has a large audience of foreign and Arab investors. The following is a list of the most important advantages of the Ataköy area:
-The region is witnessing large-scale urban developments and new real estate projects.
-It is characterized by the fact that the properties in it enjoy a stunning and charming sea view of the wonderful Marmara Sea.
-It has recently become a very vital area within the most important areas of Istanbul, the European side, and that is why real estate in it is considered a high investment value.
-It is crowded with a large number of luxury residential complexes that include properties overlooking the magnificent Marmara Sea, making it the best real estate investment option.
- Ataköy district has a high-quality transportation network and sophistication, which allows you to move around Istanbul with ease.
-It has all the basic service facilities such as major hospitals, health and medical centers and schools.
-It has all the entertainment facilities, including luxury restaurants, high-end cafes, cinemas, sports clubs and children's entertainment venues.
- Ataköy area is only 40 km away from New Istanbul Third Airport, and of course this makes real estate in it with a distinguished investment value and a high profit return.
-The real estate in Ataköy is very modern and contemporary in style with international design styles.
- Ataköy is a first-class tourist area, where the famous aquarium is located, which has been classified as the largest water park in Europe and the Middle East, as well as the world-famous Ataköy coast.
5- Başakşehir:
It is one of the most important and famous areas of Istanbul at all, surrounded by the Arnavutköy area to the north, the Eyup area to the east, and Bağcılar and Esenyurt to the south, and it is considered ideal options for real estate investment, and the following are the advantages of the Başakşehir area:
-The distinguished strategic geographical location that Başakşehir enjoys, as it is surrounded by the most important vital areas of Istanbul.
-The Başakşehir region has all the advanced educational institutions, including schools and institutes of all kinds and educational levels, and universities of all kinds; government and private.
-The Başakşehir district has a very unique feature, which is that it is located from the new Istanbul Third Airport, which is a giant and huge global Turkish project, and this of course adds to the real estate in Başakşehir an investment value that is unmatched in any other region.
- Başakşehir is considered a first-class tourist, as it includes a protected forest located in the Şamlar area in particular, and it is a tourist forest characterized by the presence of large numbers of rare animals and birds, and it is one of the most beautiful forests of Istanbul, in addition to many wonderful green spaces.
-In the Başakşehir area, you can find all the real estate types that you may need, such as luxury hotel apartments or separate apartments or within complexes, not to mention the luxury villas and commercial offices.
-The Başakşehir area includes a huge number of natural valleys, as well as Başakşehir Lake, which is the largest artificial lake in the entire city of Istanbul, surrounded by many green spaces extending over a distance of 300,000 square meters.
6-Şişli:
And here we are talking about the most prestigious areas of Istanbul without competition, that area is characterized by great luxury and sophistication, and those who want a high-end life at an affordable price turn to it, and Şişli is characterized by the following:
-There are many important and international attractions, which are visited by thousands of tourists, such as the picturesque forests of Belgrade, which is located near the Şişli region.
-It has all the basic services such as hospitals and world-class health and medical centers, as well as the presence of Turkish educational centers, schools and universities; public and private.
-It has a high-quality and advanced transportation network.
-Prices in Şişli are very competitive compared to the features included in the properties.
7-Uskudar:
One of the most important and famous areas of Istanbul at all, it is characterized by being a destination for many Arab investors due to its characteristics, the most important of which are:
-Uskudar includes a distinguished selection of properties that you can choose among them according to your future investment goals.
-Real estate in Uskudar is very modern and trendy, in keeping with international designs.
-It has all the service and recreational facilities that you may need for the success of your real estate investment project.
At the conclusion of our article today, we have explained the advantages of real estate investment in Istanbul in particular, and how distinct the expected financial return from these investment projects, and we hope that we have provided a full explanation and comprehensive information about the excellence of the Istanbul market and how real estate in Istanbul has become a symbol of urban development.
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