Advantages of buying real estate in new areas in Istanbul
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No one can deny that the Turkish state has a a deep future vision for the near and long term, a vision that it set from 2004 to 2010, then from 2010 to 2018, and then from 2018 to 2023, during this period, the state developed its infrastructure and established ambitious projects that reap its fruits, Today, Turkey has become one of the 20 most powerful economies in the world, as it is a member of the Group of Twenty, and this is the result of the economic boom that it has achieved and is witnessing today in terms of trade, industry and tourism and moved from the stage of self-sufficiency to the stage of exporting to all countries, In addition to its touristic nature, which flourished after marketing it through drama such as historical series, all of these factors contributed to the prosperity of Turkey, which the more it increased, the more and more the country expanded to achieve its desired plan to be in a race against time to fulfill what it promised the Turkish people.
One of these expansions included the city of Istanbul, its tourist capital and its economic and commercial center, the populated city that is witnessing a development day after day in all fields and sectors, whether the development of the transportation network and the construction sector, the development that accompanied the expansion of the city, which suffocated from its population density, plus the foreigners who came from the Arab region and from Asian countries such as Iran, Afghanistan, Pakistan and China as well as from Russia, Ukraine, Germany and other countries to live in Turkey, although Istanbul included the vast majority of foreigners, especially investors in the import and export sector, and to relieve the pressure on the old city had to expand the area of the city and to move to the east and west, and to urge foreigners and citizens to live and move there.
- To achieve this, the Turkish state had to establish its development projects away from the suffocated city center, including the establishment of Istanbul's third airport, as well as the Istanbul Canal project, which is scheduled to open next year 2023, to expand the state urbanly and create a number of new neighborhoods and areas that took over the state's investments among these The areas of Basaksehir, "the district of the wealthy Arabs", Bahcesehir, Ispartakule and Beylikduzu, areas that the state has been able to develop and provide with all basic services and facilities such as shopping centers, schools, hospitals, universities, mosques and other services, these areas have become, in less than ten years, to become a destination for foreign and local investments, especially real estate investment.
These areas witnessed a revival in the real estate market and the establishment of dozens and dozens of residential and investment complexes, which were characterized by luxury, sophistication and diversity between skyscrapers, buildings and villas, which attracted a large number of citizens to move to live in these areas, especially as they are characterized by the wideness of their streets, the spread of green spaces and gardens and their tranquility away from the hustle and bustle of the old city center of Istanbul, in today's article we will focus on the importance of investing and the advantages of buying real estate in the new areas.
Basaksehir area:
One of the most famous of the 39 districts and it is a newly established district. It was established in 2009 after it was separated from the district of Küçükçekmece, as it is bordered by many of the most important districts in Istanbul, at the north it is bordered by Arnavutkoy and Sazili Dere Lake, while The Eyup area is from the northeastern side, and the Sultan Ghazi and Esenler areas are from the eastern side, from the southern side it is bordered by the Kushukcekmece and Bagcilar districts, and from the southwest comes the Esenyurt district.
Advantages of buying real estate in this area of Basaksehir:
- The wideness of the streets and its organized planning, and the most important characteristic of the Basaksehir district is the vast green areas and natural valleys, as well as the calmness of the area and its distance from the hustle and bustle of the city.
- Provides educational centers as it hosts approximately 35 primary schools, 30 secondary schools and 5 kindergartens, in addition to 3 of the most famous international schools in Istanbul.
- There is a subway network, as it includes the metro one of the most important and prominent factors that contributed to raising the investment value of Basaksehir district.
- What distinguishes the residents of Basaksehir, whether they are Arabs or Turks, as they are from the elite.
- The presence of Ibn Khaldun University, and although it is considered as a modern university, but it is famous domestically and globally, and it is one of the best and most famous universities in Istanbul, in addition to the presence of the Medical City, the largest medical city in Europe and the Middle East, as well as the Mall of Istanbul, the largest mall in Turkey, Basaksehir also includes the "People's Library", which extends over a an area of 2500 square meters and contains 100,000 books, and other huge shopping centers, parks and other facilities such as health resorts and luxurious 5-star hotels, not to mention cinemas, theaters and centers.
Ispartakule area:
Ispartakule is located north of Küçükçekmece Lake, affiliated to Avcilar district administratively, and bordered to the north and east by Basaksehir district and to the west by the Bahçeşehir neighborhood. It is one of the areas near to Istanbul's third airport. In terms of highways, the E-80 highway is one of the access roads to it. As well TEM highway, which is minutes away from Bahçeşehir and Esenyurt. It has a green plain nature as it is located on a high hill that makes it one of the areas with low temperatures compared to the city center.
Why do investors are interesting in Ispartakule?
- One of the most important reasons is the Istanbul Canal project, which is titled as the second Bosphorus in Istanbul. Therefore, it is expected that once the canal opens, the prices of this region will be doubled to millions of dollars, which means guaranteed profits in the short and long term. The area is scheduled to be 1 km away from the area The new channel.
- It is expected that moving the city center from Fatih and Beyoglu to Ispartakule and Basaksehir, this move will be at both economic and commercial levels, due to the transfer of the trade and logistic area.
- The quiet nature of, which provides a high-quality life for its residents, making it a Ispartakule residential area par excellence.
- The area is far from the hustle and bustle of the city center and at the same time it is close to the center thanks to the highways.
- The region has become a central point for the largest new housing projects, which are being built according to the latest earthquake safety standards, with modern designs and heat-insulating glass facades, that allowing sunlight to enter apartments, which means relying on natural lighting throughout the day.
- Most of the buildings in Ispartakule are designed with high heights so that the residents can enjoy the surrounding green areas, and enjoy Küçükçekmece Lake view as well.
- Most international hotels right now are directing to build new branches of their chains in Ispartakule, including Sheraton, Hilton, Radisson Blu and Rotana hotels.
Bahçeşehir area:
Bahçeşehir is located on the European side of Istanbul, and it is in the middle of both Küçükçekmece Lake and Buyukçekmece Lake. It belongs to Basaksehir district, Historically Bahçeşehir was an independent district. It was established in 1999 until 2016, and later it was divided between to Basaksehir and Avcilar districts after the municipality of Istanbul redrawn the administrative boundaries of the districts, and the word Bahçeşehir in Turkish language means “city of gardens” due to its spread of small hills and valleys, and there is an industrial lake “Gulet”, which extends over an area of 300,000 square meters, that helped the region to win several awards in a short period from the Turkish Ministry of Environment and the European Union.
Advantages of investing in Bahçeşehir:
- Its proximity to Istanbul's third airport, as well as its proximity to the Istanbul Canal project that will be dug in 2023, the canal that will connect the Black Sea with Marmara Sea, making it a promising investment area.
- It is characterized by a strong transportation network in addition to the presence of many social facilities and cultural centers, as it contains a large number of secondary, preparatory and primary schools, health centers, cultural centers, theaters, and shopping centers.
- Bahçeşehir area is considered as an ideal area for students who are studying in universities, as there are several universities in the area such as Esenyurt University and Istanbul University, as they can find proper apartments with good spaces and affordable in the same time.
- The diversity of the real estate whether housing or investment real estates, where you can find villas, residential projects and hotel apartments, and also apartments options are varying as it starts from studio 1+0 up to 5+1, and also there are normal and duplex apartments that are existing in new residential projects.
- Real Estate in Bahçeşehir is considered safe investment because it is most recent urban developed area near to Istanbul's third airport, also its proximity to Başakşehir Çam ve Sakura Şehir hospital, the largest medical hospital in Turkey, and it is including chocolate Museum and the largest Tennis Academy.
Beylikduzu District:
Beylikduzu is an urban rural area extends on the shore of the Marmara Sea. It combines between rural lands with its location on the Marmara Sea coast, this is why it is a preferrable destination for those who are looking for an ideal housing that combines green nature and the serenity of the sea, the factors that gradually transformed the area into a central area in the new Istanbul, Especially after the opening of Istanbul's third airport, which made the district one of the areas that the Turkish state pay its attention in its expansion projects in the last ten years, due to its vital and strategic location and being a new, fast-growing and developing area, Now, Beylikduzu has become one of the most well-served areas, including housing, residential and investment projects, universities, schools, shopping centers and green parks, that meet the needs of its residents.
Advantages of buying a property in Beylikduzu:
What distinguishes Beylikduzu is its strong transportation network that facilitates access, especially with the arrival of the metrobus line that connects the districts of Istanbul both the European with the Asian regions, as the district extends on the metrobus line to 5 stations, which contributed to raise the value of Beylikduzu investment.
Beylikduzu has witnessed a wide urban development, and it has been focused on building luxury housing complexes, especially after the construction of the Deniz Istanbul complex, the largest residential complex in Beylikduzu, when the municipality cooperated with the largest construction companies to build of a residential complex located directly on the Marmara Sea. The municipality has facilitated and introduced the basic facilities of the area, to become more organized and of higher quality compared to other areas of Istanbul.
The region witnessed an expansion through the spread of high-quality compounds that preserve earthquake-resistant standards, which increased its value and made it at the forefront of Istanbul’s attractive areas for real estate investments, and succeed in attracting Arab businessmen and local investors, especially since real estate prices in Beylikduzu are reasonable and suitable for investors looking for apartments with high quality and Sea views compared to other areas such as Bakirkoy.
At Ramzy Real Estate Company, we are glad to accompany you on the journey of buying property in Turkey and to provide you with a range of services to make the process smooth and easy , as we are always keen to present a variety of options for residential and investment properties in addition to helping you obtain Turkish citizenship for those looking for it.
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- Legal advice.
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- Legal services and obtaining Turkish citizenship.
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- For more details, you can contact us via the communication platforms or via the WhatsApp attached on the site.
Editing by Ramzy Real Estate Team ©
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