The Asian Side of Istanbul city is mostly not promoted enough, on both the investment and residential scale, unlike the European side of Istanbul, even though in terms of land space, the Asian side is way bigger and might be more developed in specific terms, such as the infrastructure, the modern architecture, Functional building standards, THAN the European one, therefore we are telling you the crucial and essential information you have to know about the Asian side and its big municipalities, such as (Üsküdar , Ataşehir, Kadikoy, Ümraniye) so you would be totally aware and ready for your next real estate investment in the Asian side, Istanbul:
Üsküdar (Çamlıca):
Üsküdar is a big
populated municipality of Istanbul, on the Asian shore of the Bosphorus, about
the neighborhood, from the north we have Beykoz, on the east Ümraniye, on the
southeast Ataşehir, on the south Kadıköy, and the west by the Bosphorus,
Üsküdar facing Beşiktaş, Beyoğlu, and Eminönü on the opposite shore. Üsküdar is
considered as one of the oldest municipalities in Istanbul and Turkey after Fatih and Beyoğlu in terms of a
glorious historical event, which both are located in the European side of
Istanbul city.
The most famous neighborhood in the municipality is Üsküdar's historic center
(Merkez), This area includes large historic mosques, many businesses centers,
and local markets, and for sure a complex transportation hub, which is involved
the Maramaray metro, M5 metro line (Main station), and ferry boats (several
different lines), Metrobus stations in several districts from the municipality
of Üsküdar .
But what
about the most famous and important districts (Mahalle = in Turkish) in Üsküdar, in terms of investment perspective, profitable capital appreciation,
and residential district, which are suitable for families?
Çamlıca:
Çamlıca is a hill that has the highest
point in Istanbul, it commands a panoramic view of the entire city. One of the
most prestigious schools of Turkey, Bilfen College's first branch is
located on the Çamlıca hill.
Çamlıca is considered as one of the prestigious favorite areas
for the upper-class of Turkish society, the existing services are high-priced
and the transcription is kind of weak due to the unnecessity of it, according
to the rich residents in the region, therefore the capital appreciation is
stable, and considered as weak rate, also we don’t count the area as a good
logical investment, due to the big-budget expenditure in the region, which is
started from 6500 – 10,000 $ as starting price for per meter.
But for those who are interested in having piggy bank money as luxury real
estate in Istanbul, will definitely find luxury villas for sale in Çamlıca,
However still suitable to obtain Turkish citizenship by buying
property, regardless of the purpose of purchasing.
Beylerbeyi - Kendili :
Beylerbeyi's
district is located to the west of Üsküdar municipality, directly after
Istanbul's bridge to the right side, the region located directly on the
Bosphorus of Istanbul, the region known for its fancy fish restaurants, plus
the Ottoman palace on the shore such as Beylerbeyi palace and Kücüksu pension.
The architecture style in the region become very fancy and prestigious, it involves two types of buildings, whether as luxury real estate villas over the shore of the Bosphorus or as luxury real estate buildings that consist of 4 or 3 floors Max, with vast interior spaces exceeding 500 to 1000 square meters.
Kendili:
is neighborhood
region to Beylerbeyi, which has a similar concept and foundation bases of endless
luxury lifestyle, you can find the same luxury real estate, and also you
can find out different types of luxury apartments for sale with Bosphorus
view, therefore the investment by buying a property in Beylerbeyi
and Kendili is a similar situation
to Çamlıca region in terms of the capital appreciation which is stabilized,
and fixed, and considered as slow progressive rate, also we don’t count
the area as a good investment, due to the big-budget expenditure in the region,
which is started from 7500 – 10,000 $ as starting price for per meter.
But for those who are interested in having luxury real estate in Istanbul, will
definitely find luxury villas for sale in Kendili, However still suitable to obtain
Turkish citizenship by buying property, regardless of the purpose of
purchasing.
Ataşehir:
Ataşehir municipality
is located on the Asian side of Istanbul, In the eastern half of the city, it
is surrounded by vitalist areas such as Kadıköy from the southwest, Üsküdar to
the west, Ümraniye to the north, Sancaktepe to the east, therefore it’s
considered as a joint point in the heart of the city, linking the regions with
a central modern facilities and luxury real estate concept.
The concept
of (Batı Ataşehir = West Ataşehir) appeared when the construction companies
realized the suitability of the lands on the western side of Ataşehir,
meanwhile, several local and national construction companies headed to the
region to start such huge luxury real estate constraints at the beginning
of 2000, which is included business centers, and residential real estate into
compounds style, plus several shopping malls, which are the finest and
involving the highest building in Turkey and the seventh in Europe, Metropol
shopping center with 70 floors as a highest therefore many of the people in the
middle-upper income group prefer new housing projects in the Kozyatağı-Ataşehir
region.
Through real estate perspective: Ataşehir municipality is a vital
interactive region, which is involving several business centers, besides mega
shopping mall, which is been built on strong well-equipped infrastructure, that
made Ataşehir the first candidate to build the largest financial center in
Europe (IFC) which will provide the new concept of banking in Turkey for the
first time, the Islamic banking, now the Turkish government is about to open
the IFC in the heart of Ataşehir, meanwhile, the prices and value of
each meter in Ataşehir will notably increase.
The
municipality witnessed a progressively increase in value, equal 45-65% since
2000, therefore the Turkish government is working on building a new metro line
that joint Ataşehir with the city center, for now, Ataşehir already have all the
bases but yet it will have another huge shift, so we are expecting
such a high appreciation, due to to the present we have and the future we expect for the entire region,
so whether you are planning to get the Turkish
citizenship by investment or buy a home in Istanbul for
family, Ataşehir Definitely is the right destination where you should take your next. Move, now the
value of each meter approximability starts from 3500 - 4500 $ and will
get a higher ratio due to the strong fundamentals we have, will get very soon,
also the average rental income considered as a high investment profitable
income comparing to other surrounding regions.
Ümraniye:
Ümraniye is a
municipality located on the Asian side of Istanbul, It is bordered by Çekmeköy
to the northeast, Sancaktepe to the east, Ataşehir to the south, Üsküdar to the
west.
In the last 10 years, Ümraniye witnessed several lively shopping and business districts, Recent building projects include the construction of modern apartment compounds, which have made big parts of Ümraniye, as attractive destinations to buy real estate in Turkey, therefore Ümraniye municipality becomes one of the emerged districts of the city, formerly hadn't such any kind of importance, till 2000, since then the government been working or regenerating the entire region, many crucial problems been solved, such as Garbage problems, water cuts, in addition to gas and electricity problems, Ümraniye was the first municipality to be powered by renewable energy so that the municipality solved both the problem of garbage and electricity at the same time.
The
municipality has established garbage dumps that convert the garbage into
electrical energy, and convert gas from combustion into pipeline gas, so it has
been sold to the residents of Ümraniye at nominal prices and its production
cost.
Since then and Ümraniye is getting developed, and all that participate in emerging
new infrastructure projects, and residential luxury real estate in Turkey,
the mega ones.
Many families which belong to the upper class moved from Üskudar to Ümraniye, to get the advantage of modern infrastructure and all the facilities that serviced the region in a very regenerating style.
Today Ümraniye embarrassed several construction companies, which didn’t only build such investment real estate and residential projects but changed the entire Interface of Ümraniye municipality, and shifted it to a new level of modernization, therefore, through real estate perspective: Ümraniye today is a leading investment region, the capital appreciation is increasing progressively 55-65% in the average, due to the services which are been applied in the region, such as the Metro station the( M5 ) which started from Üskudar as a first station and goes into Ümraniye to reach Cekmkoy, also there are several private universities been settled down in Ümraniye , which required more housing projects, and more and more another kind of development business center established, in addition to several shopping malls which are got the European award in 2018, for its magnificent external architecture (Buyaka Avm – Meydan AVM).
So whether you are planning to get Turkish citizenship by investment or buy a home in Istanbul for your family, Ümraniye is the best destination where you should purchase your next Move, now the value of each meter approximability starts from 3500 - 4500 $
Kadikoy (Fikritepe / Baghdad Caddesi) :
Kadıköy:
Kadıköy
municipality is considered an international metropolitan district located in
the Asian side of Istanbul, on the northern coast of the Sea of Marmara, Kadıköy
is a residential and commercial center which are diverse in functioning
sectors, with its bars, cinemas, and famous antique bookshops, therefore Kadıköy
considered as a cultural center of the Asian side of Istanbul, like it’s the
other face of Beyoglu’s coin, in terms of cultural facilities but on the Asia
side.
On the coast of Kadikoy, there is a great deal of housing construction: with
new infrastructure, most are expensive properties, especially in areas such as
Kozyatağı and İçerenköy, Erenkoy, Suadiye, and Fikritepe, These district's
house is mostly residents of wealthy İstanbul residents upper-middle class.
The most important Nighbords of Kadikoy are:
Baghdad Caddesi:
Bağdat Avenue: is a famous prestigious street, that located on the Asian side of
Istanbul, technically in Kadikoy municipality, The street runs approximately 14
km, extending from east of Maltepe to the west of Kadıköy municipality, side by
side to the Sea of Marmara. The most important part of the street is an avenue
section, which is 6 km, long from Bostancı to Kızıltoprak.
Bağdat Avenue is a one-way avenue with shopping malls, stores, international fashion brands stores (DIOR, CHANNEL, LOUIS VITON … ETC), and also uncountable international and local cuisine restaurants, bars, cafes, and also Turkish and international bank branches.
From a real estate perspective: in Baghdad Caddesi, the capital
appreciation is very low, for both short and long term, due to the
starting price in the entire region for luxury real estate, is starting from one million dollars
min, while the Baghdad Caddesi is considered the most expensive Avenue = Caddesi
in all around Turkey.
So it doesn’t make any sense to invest money in the Avenue unless the
investment is within commercial stores, but not by buying it, but by signing )Long term investment contracts(, which enable the investors
to obtain high income, by getting the advantages of the crowdedness of the
street, which is operating 24/7.
Fikirtepe:
Fikirtepe is a district located within Kadikoy municipality, in the
Asian side of Istanbul city the district has been known as one of the Random,
unorganized regions, with very poor infrastructure, till 2003, the Turkish
government in collaboration with the mayor of Kadikoy, put a plan to regenerate
the entire district, and Today Fikirtepe region is one of the best real
estate investment region in the Asain side of the city, and also on the Turkish
scale, due to the fast development progress that took place in 2003 and
till today.
The capital appreciation is increasing in a very notable way,
it's increased beyond 75% in a very short period, meanwhile through real
estate perspective: Fikirtepe is one of the best real estate investment
destinations in terms of real estate in Turkey, with such a high
appreciation, stable future of the liquid's value, and high profit for both
short and long term, by making resale or obtaining the high rental income, So
whether you are planning to get Turkish citizenship by investment or buy a home in Istanbul for your family,
Fikirtepe is the best destination where you should
purchase your next Move, now the value of each meter approximability starts
from 6000 - 8000 $
As a conclusion, the Asian side is totally capable to give you what you
deserve, so we will be waiting for your call to provide you with additional
information you deserve to know.