Large family apartments in Ottoman style waterfront complex

$ 645986

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Summary

  • Glamorous sea front apartments with full sea views
  • Ottoman style classic architecture with a modern touch
  • Reurbanisation and modernisation of 4 neighbourhoods 
  • Idyllic family compound with full resort style facilities
  • Easy access to old City in 10 minutes
  • Excellent location for multiple transport options

About this project

This sought after complex, located at the sea front in Zeytinburnu, has seen surging interest from Turks who understand the value of the region.

Being so close as it is to the historic old city peninsula, the architects have been hugely influenced by Ottoman architectural styles. Interiors are plush to say the least, with ultra modern and functional layouts.

Facilities are wide ranging, similar to a holiday resort hotel.

The motto here is a creation of a sea side neighbourhood, combining several neighbourhoods in this government backed modernisation project. Being government backed ensures a risk free investment, with the Turkish authorities providing a treasury guarantee.

This landmark project will also have direct uninterrupted access to the coast via an exclusive pedestrian tunnel - ensuring no traffic issues. The coast front is also undergoing modernisation, with its conversion into a significant park well under way, and due to complete before the end of 2017.

The location of this project is famous amongst Turks for being home to Istanbul's managers. Multiple forms of transport meet at this point - metro, high speed rail, Bosphorus road tunnel, all meet at this point. Residents will enjoy easy access to the old city, the business district in Levent, and of course the airport is just five minutes away.

A “square” is also planned within the complex, accessible by all, and providing upscale cafes and restaurants looking out to the sea.

Elite Atakoy Marina, one of Istanbul's oldest shopping districts in Bakirkoy, are all just a few minutes away via train.

Facilities Breakdown

  • 5 star hotel
  • Hobby room
  • Tennis Court
  • Basketball courts
  • Football courts
  • Sauna
  • 24 7 security
  • Spa
  • Gym
  • Walking parkour
  • Ornamental fountains
  • Commercial space
  • Child play areas
  • Indoor swimming pool
  • Outdoor swimming pool
  • Mall
  • House Keeping
  • Valet parking
  • Metro station
  • Smart home system

Price Range

Type Size (Min) Size (Max) Price (Min) Price (Max)
1+1 54 sqm 133 sqm $ 221943 $ 382961
2+1 103 sqm 223 sqm $ 395146 $ 1462217
3+1 163 sqm 345 sqm $ 645986 $ 2123696
4+1 208 sqm 545 sqm $ 856441 $ 3927794
5+1 332 sqm 334 sqm $ 2482288 $ 2615454

- Price ranges last updated 29/10/2019
- 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
18 months 30% 0%
0 100% 28%

Floor Types

Distances

  • Ataturk airport 10 mins
  • Galleria mall 5 mins
  • Acibadem private hospital 5 mins
  • Taksim 15 mins
  • Sultanahmet 15 mins
  • Atakoy Marina 4 mins

Regional information

Zeytinbunu is a traditional working class district of Istanbul, with the exception being the coastal route. Several recently completed projects have priced the working class out of the region.

Zeytinburnu is traditionally the container district of Istanbul, with many dockyards and storage depots. These are undergoing huge transformation, with this part of Istanbul's commerce now strictly in the suburbs. With such large empty space comes elite and expensive compounds like this one.

The region is losing its working class tag and now converting into a premium city centre district. Surrounded as it is already by wealthy districts like Bakirkoy and Atakoy, Zeytinburnu is now catching up.

Koc university hospital is a few minutes and is one of Turkey's pioneering hospitals - a pioneer in the medical field.

With key touristic sites just minutes away, this location is under extreme demand, and has always been throughout Istanbul's past.

Investment information

Pockets of Zeytinburnu are extremely cheap, due to still housing the working classes. Other areas like Topkapi, and the coastal neighbourhoods, are pressing ahead with prices.

The coastal route's outstanding location mean rental return is higher than usual, down to the huge university, major hospitals and colleges, and of course a major transport interchange. A significant investment will come after 2020, with a new major cross continent metro line planned, but this is a medium term project, and won’t affect prices significantly until at least 2020.

The recently completed undersea rail and road tunnels have added a premium to the area. In 2018, Istanbul's high speed train line will complete, and a station is planned in the region, ensuring prices will experience a bump.

Rental returns are higher than the Istanbul average due to the multiple public transport nodes, the huge university, and the Koca university hospital. Of course its outstanding location ensures strong demand from all sectors.

An investment here is about as safe as it can get in Istanbul, with solid rental returns and capital gains expected.

Developer Background

This is a government backed project, with land belonging to the government. It was tendered and won by a constortium of three very experienced developers.

These developers enjoy experience going back many decades, with one of them now a stock exchange listed holding group. All three have a proven past in building malls, hospitals, offices, and residential compounds all over Turkey.