Sea view apartment compound in elite Atakoy

$ 233,000

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Summary

  • Prestigious project aimed at investors.
  • Facilities perfect for the rental market.
  • Meticulous Designs and Luxurious Apartments.
  • Romantic Marmara sea views.
  • Elite district, one of Istanbul's wealthiest regions.

About this project

Atakoy – one of Istanbul’s desirable and wealthiest neighbourhoods. It symbolizes modern Istanbul life, a meticulous almost flawless neighbourhood. This complex takes inspiration and expands on this concept.

With delightful Marmara sea views, life at this complex will give residents a sense of tranquillity. This is a living space, lovingly created to blend in with an already stupendous neighbourhood. Atakoy’s charms have been amalgamated into this luxurious living space.

This is a residential complex, designed with the high demand for rental apartments in the region. Atakoy has huge demand due to one of the world’s largest exhibition centres, which is walking distance away, and of course one of the world’s largest international airports. For this reason, one and two bedroom apartments dominate this complex, and a strong rental management company will come on board on completion of the project.

Atakoy without the exhibition centre and airport, is a commercial centre in its own right. With the Atakoy Marina, and various malls, and of course the beautiful coastline, the neighbourhood is an aspirational one for Turks.

This complex has reflected this wealth in its interior and exterior design. High grade granite, and real wood flooring are used throughout, with neutral modern colours.

The apartment compound rises at the apex of multiple transport points: Metro, Metrobus, Media highway, and E5 highway, all meet within walking distance of this location – giving residents easy access and escape routes to all parts of this great city. Universities, private hospitals, and private schools are all present in the region of course.

This award winning project is a candidate for LEED Gold certification, making it energy efficient and environmentally friendly.

Surrounded by the exhibition centre, many private hospitals and universities, office blocks, and malls, rental demand in the region outstrips supply - making this complex an investor's dream.

With pre launch pricing available, early buyers will benefit from huge discounts over the market rate, with prices expected to rise steeply by completion in late 2018.

 

Facilities Breakdown

  • Mall
  • Sauna
  • Underground parking
  • 24 7 security
  • Gym

Price Range

Type Size (Min) Size (Max) Price (Min) Price (Max)
1+1 52 sqm 140 sqm $ 233000 $ 605000
2+1 104 sqm 162 sqm $ 424000 $ 666000

- 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.

Distances

  • Atatürk Airport 5 mins
  • Taksim Square 25 mins
  • Marmara Sea 5 mins
  • CNR exhibition centre 2 mins
  • Metro / Metrobus 2 mins walk
  • E5 highway 1 mins
  • Acibadem private hospital 7 mins
  • Atakoy Marina 7 mins

Regional information

Bakirkoy is one of Istanbul's oldest neighbourhoods, and can be found 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.

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

With 25 years of experience, this ambitious group has expanded rapidly in the last ten years. Following the construction of a similar mixed use project in Basaksehir, this is its most ambitious project yet. It will be a signature project for the group, which has impressive Middle East financial backing.

Expanding on this ambition, the group have embarked on even more aggressive project in prestigious Atakoy.