High standard boutique residence complex in upper class Etiler

$ 316913

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Summary

  • Modern low-rise residence in the heart of Istanbul - Etiler
  • Modest residence facilities with private parking
  • Modern interiors. Designed by a reknowned architect
  • Possibility of personalizing the apartment layout or combining units
  • Etiler - One of the wealthiest neighborhoods of the city
  • Bosphorus views from top floors
  • A few steps away from metro stop that takes you to all parts of the city

About this project

Take your place in the heart of the city in elite Etiler. Situated just footsteps from the metro station, this boutique residence offers residents a peaceful life in the heart of the city.

And yes, this compound is just a few minutes from the world famous "Salt Bae" Nusr-et restaurant.

Its modern architecture is in keeping with the low rise aesthetics of the Etiler region. Rich landscaping and an already mature make up of trees set the backdrop of this compound.

The developer is known for provided hand made interior designs, with genuinely high end finishing. Appliances are always chosen from amongst the very best of brands and quality. The latest in smart home tech is applied through out the compound.

For those that want a customised layout or interior - this can be easily accomodated whilst the project is in the off plan.

Etiler is currently Istanbul's most expensive regions for real estate, on a per square metre basis. It's ease of access to the business districts of Levent and Maslak, and the Bosphorous, make it a highly desirable quarter of Istanbul.

Taksim is just five stops by metro, Levent is just two stops, and the Bosphorous (Rumeli Hisar) can also be reach via metro when the current extension completes in 2020.

Also, World's famous restaurants(Nusr-Et), malls, cafes, private hospitals, etc.. all are within short distance.

Facilities Breakdown

  • Underground parking
  • Ornamental fountains

Price Range

Type Size (Min) Size (Max) Price (Min) Price (Max)
1+1 82 sqm 82 sqm $ 316913 $ 368912
2+1 131 sqm 146 sqm $ 506289 $ 564261
3+1 142 sqm 177 sqm $ 548801 $ 684069
4+1 215 sqm 288 sqm $ 830932 $ 1113063
5+1 272 sqm 272 sqm $ 1051226 $ 1089171

- Price ranges last updated 07/08/2019
- Prices are list prices and subject to discounts in accordance with the chosen payment plan and negotiation with the seller.

Payment Plan

Months Deposit Discount
24 months 30% 0%
0 100% 10%

Distances

  • Metro to Taksim 1 min by walk
  • New airport 35 mins
  • Private Liv Hospital 10 mins
  • Bogazici University 3 mins
  • Akmerkez Mall 3 mins
  • Bebek coatal line 4 mins
  • Sisli 8 mins
  • Nusr-Et(Saltbae) 3 mins

Regional information

Besiktas is one of Istanbul's oldest, most historical districts. Home to palaces, the elite, and the wealthy, it's history is as old as the Ottoman empire.

Today Besiktas is one of Istanbul's premium and most expensive districts, as much of Besiktas enjoys sea front Bosphorus views. This makes it home to some of the world's most expensive real estate.

Besiktas is exceptionally wealthy, with Macka being one of the wealthiest parts. This is a sought after region by Turks, but most cannot afford to live here. Homes built on extreme hills are even now quite expensive. New stock is rare due to the historic nature of the region, and of course much existing stock is protect by the government.

Bebek and Arnavutkoy on the Bosphorus coast are two of the most expensive regions of Turkey, with average prices at nearly $20,000 per square metres on new homes.

The business district of Levent is connected to Besiktas and average over $10,000 per square metres.

Investment information

Besiktas has gone through an incredible series of growth since 2011. It has grown 280% in value since then, and yet continues to grow. The main driver of this is the lack of new homes. Added to this is the fact of being on the Bosphorus comes at a premium. The Bosphorus after all is unique in the world, and people will pay a premium for this pleasure. Bosphorus facing apartments are one offs and very rarely change hands. Hence when they do, they change hands for serious money.



Further, the Bosphorus enjoys unique legal protection, construction is exceptionally difficult and strictly controlled.

These factors combine to form an investors dream - low supply with exceptional demand lead to price growth.

Since prices have advanced so heavily, rental income looks quite poor, at 3.6%. Yet this doesn't account for the variations in types of property that are rented, which tend to be poorly built old stock. This reflects in low rental income, against a regional price that is well beyond this. Rental income on new stock if taken as an average will exceed 5-6%, and this should be taken into account when investing here.