Prestigious Atakoy serviced apartments with mall

$ 91126

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Summary

  • Serviced apartments aimed at investors
  • Market leading rental and capital appreciation
  • Prestigious Atakoy location - short walk to metro
  • Residents have access to over 50 facilities

About this project

This ambitious mixed use project, perfect for central Istanbul investors, towers over Atakoy. Apartments are designed along luxury hotel concepts, befitting of the prestigious Atakoy region. The project expands on the glamour of Zorlu centre, and goes a step further in quality. Full glass facades give residents plenty of light, and layouts are intelligently designed for maximum usage.

Made up of offices and serviced apartments, a mall is also onsite, and the Airport metro line is walking distance away. Ataturk airport is just two stops on the metro.

Facilities are endless, with the developer offering dozens of extra rooms at small cost - choose from a private cinema session, to entertaining your guests in its high class dining room. A simple 70 sqm apartment, all of a sudden becomes much more.

The region is synonymous with wealth, with the glittering Atakoy marina a few minutes away, and the area is known for being Istanbul's second hotel district after Taksim. High floors have dazzling Marmara sea views and come at a premium. One of Europe's largest convention centres is walking distance away, making this location a rarity - demand outsrips supply in Atakoy.

A 200 room 5 star hotel is onboard and the brand will be confirmed on completion, as is legally required in Turkey.

Facilities Breakdown

  • Concierge
  • Art room
  • Party room
  • Guest bedrooms
  • Meeting rooms
  • Music room
  • Playstation room
  • Indoor Cinema
  • Basketball courts
  • Football courts
  • Gym
  • Outdoor swimming pool
  • Rooftop restaurant
  • Rooftop terrace

Price Range

Type Size (Min) Size (Max) Price (Min) Price (Max)
1+1 48 sqm 135 sqm $ 91126 $ 189847
2+1 81 sqm - $ 128950 $ 128950

- 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.

Payment Plan

This product is available as full payment in cash only, with short term payment plans by negotiation only.

Floor Types

Distances

  • Ataturk airport 2 mins
  • Galleria mall 5 mins
  • Medical Park private hospital 2 mins
  • Taksim 20 mins
  • Sultanahmet 15 mins
  • Atakoy Marina 5 mins

Regional information

Atakoy is part of Bakirkoy and is one of Istanbul's oldest neighbourhoods, and is within touching distance of the historic peninsula. Hugging the Marmara sea coast, Bakirkoy is home to many branded malls, and dozens of large scale private hospitals. It's also home to two of Turkey's largest hospitals, as well as the elite Atakoy Marina - where the rich and famous come out to play. As such, this makes Bakirkoy one of Istanbul's wealthiest and richest in Istanbul, and therefore Turkey.

Boasting the highest concentration of university graduates, your neighbours will be high end upper class people. You will be surrounded by endless cafes and restaurants, and the traditional sea front part of Bakirkoy with its ancient market and avenues, is an absolute delight all hours of the day.

One of Europes largest convention centres is at home in Bakirkoy (WTR and CNR expo), meaning visitor numbers is always high. The region is one where demand outstrips supply, making price rises strong.

Istanbul's main airport, Ataturk International Airport, is expected to close once the 3rd airport is complete - once this happens, and the land it vacates is converted into a huge park, Bakirkoy's desirability will surge.

Investment information

With the district being such a traditional part of Istanbul, demand for decent homes in Bakirkoy remains buoyantly high. The historic nature of Bakirkoy means that most homes are from the 60s and 70s, and this necesitates urban regenaration on a large scale.

Whilst most construction in Bakirkoy at the moment is like for like (older residents replacing apartment blocks with modern blocks), it means that supply is not as high as it may seem. The demand for high quality complexes remains high, with most wealthy Turks now wanting to be in a central location, but within a complex.

Space in central Istanbul is at a premium meaning price appreciation in a central Istanbul complex is always high. The effect of this is rental yield becomes lower than the Istanbul average, yet capital gain more than makes up for this over the course of your investment.

Bakirkoy prices surged with the opening of the Avrasya road tunnel under the Bosphorus, and is expected to surge once more, once the Marmaray under sea train line reopens - providing high speed train access to all over Turkey, Europe, even all the way to China. Potentially, one could ride a high speed train from Bakirkoy train station all the way to St Pancras in London!

Developer Background

One of Istanbul's major developers, they don't do small fish. Developments with this developer come in XL size, and architecturaly they always aim to impress. Every project they undertake is designed by a world famous international architect. Hence superficially projects look magnificient and imposing - well suited to the grand old city of Istanbul.

They don't stop at the superficial - interiors are always of the highest grade. Despite building thousands of apartments in one go, the designers ensure every apartment is finished to 21st century standards. Most apartments are finished to a 5 star hotel quality.

Complex facitilies are where this developer excels - no developer puts as much effort to the sheer range and quality of facitlies. For this reason, investors flock and follow this developer around, safe in the knowledge that rental will always be healthy.

This developer only competes in central Istanbul - they know where they can add real value to investors, and their study of the Istanbul real estate market is notorious and envied.

A developer of this size is guaranteed to finish on time and without hassle.