Under construction since 2013, this project is so big, it took government and municipality guarantees to another level. Spread over a sprawling 284,000 square metres, and set in the popular Bahcesehir Lake district, this project has seen Turkish families flock. An already well established neighbourhood, it added value to a region that was already an aspirational target of the Turkish middle classes. With its lake side cafes and restaurants, Malls with top brand names, and easy access to the business district, the project represents an idyllic family environment.
Its excellent facilities mean vacation home seekers will be well satisfied, keeping even the fussiest of families happy. The complex is professionally managed, with full security, and proper lobby areas for your guests to await you.
Despite being close to two malls and endless stores, a further 25,000 square metre of commercial space means you won’t need to leave the complex unless you actually want to.
|Type||Size (Min)||Size (Max)||Price (Min)||Price (Max)|
|1+1||69 sqm||71 sqm||$ 64494||$ 71471|
|2+1||126 sqm||144 sqm||$ 86786||$ 146345|
|4+1||156 sqm||-||$ 211860||$ 243342|
- Price ranges last updated 18/11/2018
- 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.
Bahcesehir, famous for being Istanbul’s garden city, and along with the district of Atasehir, the cleanest and most organised neighbourhood of Istanbul. Incorporated as an enclosed town for middle class professionals, its seeds can still be seen in the million dollar villa compounds, private hospitals, and huge Ak Bati Mall. Ak Bati mall offers residents every brand in elite Nisantasi plus more. Bahcesehir Park is a real family haven, with lake front restaurants and cafes providing peace and quiet. The construction of the E6 highway into the business district saw swathes of middle class Turks working in the city moving out to Bahcesehir, to give their families a relaxed and peaceful lifestyle away from the city centre.
With Bahcesehir experiencing high demand from Turkish middle class families, it has since it’s inception, been the target of investment at the pre launch phase. Low prices meaning most Turks prefer to buy in Bahcesehir, making rental performance below the average for Istanbul. The smart investor purchased here at the pre launch phase, relying on the excellent reputation of the developer to perform, with government backing through the Emlak Konut governmental department.
Capital gain in the short term is expected with the third airport just 20 minutes away opening in 2019. In January 2017, the Istanbul municipality surprisingly tendered the extension of the Mahmutbey- Sisli-Besiktas metro line, meaning a fast city centre metro link is expected by 2020. A further tender is expected extending the essential Marmaray rail link into Sultanahmet. This investment in infrastructure by the government means demand in the region is expected to peak around 2020, with prices continuing to peak towards this date.
About as safe as you can get with a developer, formed in 1987 and nationalised in 1994, this builder is a wholly owned subsidiary of the Istanbul Municipality. You are in effect buying your home from the Istanbul Municipality. However, homes are not built in the stigmatised fashion of other countries. Instead, these are top class homes aimed at the growing middle classes of Istanbul. Designed with the family at the forefront, these are built as homes rather than investments.