This futuristic project, which was designed as a hotel and residence block, in collaboration with a major 5 star brand has an investment concept that is unprecedented in Turkey.
The is situated at a very valuable location at the intersection of TEM and Media Highway, and is renowned as the closest hotel project to the 3rd airport. The hotel concept project which has 152 hotel apartments and 153 residences, ranging between 79 to 153 sqm.
In terms of socail facilities, the project includes an indoor pool, a fitness centre and a parking garage promises maximum service quality and comfort to its guests.
The investment made in the hotel apartments of the project is guaranteed for a term of 2 years by leaving them to management and are transferred to the owner of the apartments in USD currency.
|Type||Size (Min)||Size (Max)||Price (Min)||Price (Max)|
|1+1||78 sqm||78 sqm||$ 290000||$ 290000|
|2+1||120 sqm||155 sqm||$ 470000||$ 610000|
- Price ranges last updated 10/06/2019
- Prices are list prices and subject to discounts in accordance with the chosen payment plan and negotiation with the seller.
This product is available as full payment in cash only, with short term payment plans by negotiation only.
Bagcilar is your typical Turkish neighbourhood, with traditional bakers, butchers, grocers, cafes, & restaurants all forming the make up of this popular region. A historically industrial neighbourhood, the regions demographic look changed over the last ten years, with most industry moved northwards into Basaksehir, and westwards into Esenyurt. Working class families moved with the industry, and in their place middle class families needing to be close to white collar moved in. A move into Bagcilar, means you will enjoy decent family life, with easy access to endless malls, private hospitals, and private colleges. The titanic proportioned Mall of Istanbul started the glamour in the region, and since many malls have joined in. The portion lining the Media Highway, is where Turks are currently flocking to – with the highway providing easy access to both major highways, to the Atakoy Marina on the coast, and of course Ataturk airport is always a maximum 15 minutes away.
Bagcilar is prime investment ground in Istanbul right now. The Media Highway is undergoing huge transformation, converting from industrial to largely commercial. The government is dedicated to converting the region to commercial, to match and even exceed the current business district in Levent – Maslak.
With much of this transformation underway, the remaining conversion is anticipated to be completed by 2023. The largest part of this public investment is the M9 Ikitelli Atakoy metro line, providing needed relief to the Media Highway.
Linking the region to Atakoy, one of Istanbul’s most expensive and elite districts, means residents will want to be close to a station, and residences within walking distance will appreciate the most – this complex has its own entrance into the M9 metro line!
With so much commercial skyscrapers coming up, residential stock is at a premium and in large demand. Bagcilar shows large variation in prices, and hence the smart investor can really target portions that have not appreciated the same as neighbouring areas.