The real estate options in Istanbul are diverse, spanning between the European and Asian sides, along the Black Sea and the Sea of Marmara. Here are some of the best areas in Istanbul for real estate ownership, along with their specifications and how they differ from residential areas:
Esenyurt:
Esenyurt tops the list as one of the most popular areas for real estate ownership in Istanbul. According to official statistics from the Turkish Statistical Institute, it witnessed the sale of 36,315 properties in 2022. Located in the suburbs of European Istanbul, it is surrounded by neighborhoods such as Beylikduzu, Bahcesehir, and Avcilar. Esenyurt is popular among Arabs and foreigners and is considered a major destination for real estate ownership in Turkey due to its relatively lower property prices compared to central areas. Some reasons for its popularity include:
- It is approximately 25 kilometers away from the city centers like Taksim and Fatih.
- It does not have many tourist attractions despite its proximity to the Sea of Marmara.
- The metro has not reached the area yet, but a project has started, and the first section named “Esenyurt-Mahmutbey” will be opened in 2024.
- The population of the area is approaching one million, making it one of the largest areas in Istanbul in terms of population, out of a total population of around 16 million in Istanbul. Esenyurt is an important area in Istanbul, with notable features such as the “Cumhuriyet Street” that leads to the Beylikduzu area, known for its restaurants. It also has many hospitals, clinics, schools, including Esenyurt University, private universities, and large shopping centers like Marmara Park and City Center.
Buyukcekmece:
Located on the western side of Istanbul, Buyukcekmece is known for its beach on the shores of the Sea of Marmara, along with the Sultan Suleiman the Lawgiver (Suleymaniye) Bridge that connects both sides of the sea and the lake. Buyukcekmece is home to several tourist, historical, and natural landmarks, including the Suleymaniye Bridge, Suleymaniye Mosque, Sultan Suleiman the Lawgiver Boulevard, Kuruceşme Inn, and Mimar Sinan Beach. It also features hospitals, schools, universities, shopping centers, and various independent villas or residential complexes. Some notable projects and residential complexes in Buyukcekmece include:
- Marina 24.
- First Avenue.
- Sea Palm.
- Dia Mare.
- Dia Bella.
- Hilal Hill.
- Casablu Istanbul.
- Misk Gardens Villas.
- Misk Villa.
- Flamingo Blue.
- Zeytinli Koy.
- Elmas Konaklari.
Beylikduzu:
Located on the coast of the Sea of Marmara to the south and the E-5 highway to the north, Beylikduzu is surrounded by Buyukcekmece, Esenyurt, and Avcilar. Beylikduzu is known for its wide green spaces, including the government project “Valley of Life,” which extends over an area of one million square meters.
The area includes the second-largest marina in Istanbul, with a capacity of 500 yachts, and it is rich in healthcare, educational, and recreational services, in addition to transportation networks, making it a distinctive investment hub that has attracted contractors to build residential complex projects in recent years. Some of these projects include:
- Karat Beylikduzu.
- Reference Beylikduzu.
- Alya Mercan.
- Casamarin.
- Mabeyn Marmara.
- Alya Marin.
- Villa Alya Bella.
- Lotus Istanbul.
- Sehri Beyaz.
Basaksehir:
The Turkish government is working to make Basaksehir the new center of Istanbul, and this is evident through prominent government attention and the opening of major vital and development projects in the area, such as Basaksehir Medical City, the largest botanical garden in Turkey and Europe, and Basaksehir Square. Istanbul International Airport is also located in the Arnavutkoy area near Basaksehir, and there is an extension of the Istanbul Canal project within the region.
Basaksehir is located in the center of the European part of Istanbul and separates its cultural and tourist centers from its suburbs. It is surrounded by Arnavutkoy, the Black Sea, Kucukcekmece Lake, Bahcesehir, and Bagcilar.
Basaksehir is known for its extensive green areas, especially the famous Green Valley, and it is considered a conservative area, which attracts many Arab families to it.
Experts believe that the reason for the government’s choice of Basaksehir as a new center for Istanbul is that it is located within the safe green zone, far from earthquake faults and tremors, and it contains many hospitals, schools, universities, shopping centers, and several residential complexes such as:
- Basaksehir Square.
- Europe Konutlari Basaksehir.
- Basakport.
- Elite Garden.
- Istanbul 3.
- Boutique Panorama.
- Tual Bahce Kent.
- Basaksehir Eurasia.
- Basaksehir.
Kucukcekmece: The area gained significant importance following the Turkish government’s announcement of its selection as the starting point for the “Istanbul Canal” project, which will connect the Sea of Marmara and the Black Sea through Kucukcekmece Lake.
The area is known for its family-oriented character, as it embraces vast green spaces, in addition to entertainment and tourist activities, especially around the lake. It offers all types of transportation, which has contributed to massive urban development in the area, including dozens of residential complex projects such as:
- Tema Istanbul.
- Centric Istanbul.
- Bizim Mahalle.
- Mostar Atakent.
- Modern Yaka.
- Bizim Eveler 10.
Kagithane:
The region is witnessing the widest government urban development project in the country, which has prompted the Turkish government to encourage property ownership and investment in it by exempting property buyers from a 4% title deed tax.
Kagithane is adjacent to the central areas of Istanbul and is surrounded by the Belgrade Forest and the Black Sea, including areas such as Sisli, Maslak, Sariyer, and Fatih. The urban development works in the area have included the infrastructure, such as the historical river course, main and secondary roads, as well as the increase in the number of hospitals, schools, and universities, including the Atlas Istanbul University. It also includes major commercial centers and residential and commercial projects, including:
- Genyap Link.
- Hip Residence.
- Valley Panorama Eyup.
Maslak:
Maslak is located along the shores of the Bosphorus in central Istanbul and extends to the Sariyer district. It is considered the main commercial nerve center of Istanbul, as it is home to major Turkish, Arab, and international companies.
Maslak boasts luxurious infrastructure as one of the most important centers in Istanbul, with hospitals, schools, universities, shopping centers, and extensive transportation options. It includes residential and commercial complexes, such as:
Prominent Asian Istanbul areas for real estate ownership:
Uskudar:
Uskudar is one of the oldest historical areas in Istanbul, located on the shores of the Bosphorus near the Sea of Marmara. It is rich in ancient heritage buildings.
Uskudar is adjacent to the Kadikoy area, the Bosphorus Strait, Beykoz, and is famous for being the main commercial nerve center of Istanbul, as it houses major Turkish, Arab, and international companies.
Uskudar has a luxurious infrastructure due to its importance as a center in Istanbul. It includes hospitals, schools, universities, shopping centers, residential complexes, and commercial projects, such as:
- Emaar Square.
- Nida Park Cengelkoy.
Kadikoy:
Kadikoy is one of the most prominent tourist areas in Istanbul and is famous for its popular Baghdad Street.
Kadikoy extends along the Sea of Marmara and is bordered by the forests of Aydos, Atasehir, and Maltepe. It includes a port and the IDO maritime station, in addition to the famous Moda Street and the Bostanci area. It also houses the historic Haydarpasa train station. Some of the prominent real estate projects in Kadikoy are:
- Mesa Koz.
- Elite Concept.
- Evim Park.
Atasehir:
Atasehir belongs to the Umraniye district in Asian Istanbul and has been chosen by the Turkish government to be the location of Istanbul International Financial Center, scheduled to open this year.
Atasehir is located in Asian Istanbul and is surrounded by the areas of Uskudar, Kadikoy, Beykoz, and Maltepe. It has a strong infrastructure, including roads, bridges, hospitals, clinics, schools, universities, shopping centers, and residential complexes.
Kartal:
Kartal has a prime location in central Asian Istanbul, near the Princes’ Islands and along the shores of the Sea of Marmara. It is surrounded by the Aydos Forest, the Sea of Marmara, Maltepe, and Kadikoy.
Kartal is classified as one of the beautiful tourist areas in Turkey and is full of service facilities. It features dozens of modern residential complexes with striking designs. It is known for its well-organized roads, modern infrastructure, and the presence of major hospitals, schools, and universities. Some of the prominent residential complex projects in Kartal are:
- Versus Dragos.
- Kartal Wings.
- VN Kartal.
- Asfor Kartal.
How do investment areas differ from residential areas?
Residential areas in Istanbul are required to be surrounded by public services such as hospitals, schools, shopping centers, and transportation means, such as Esenyurt, Beylikduzu, Buyukcekmece, and Kucukcekmece.
Investment areas, on the other hand, should be close to highways, government development projects, and metro stations, such as Basin Ekspres, Sisli, Maslak, Kagithane.
However, this does not mean that buying property in a residential area is a losing investment. The profits may be lower compared to the returns from buying property in an investment area.
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