Economic zones in Istanbul.. Your best investment in real estate
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The economic zones are one of the most important areas that the Turkish government pays special attention to in terms of permanent development plans, and the state always seeks to develop these areas to not lose its luster in investors’ sight, especially since Istanbul is considered as the trade and tourist capital of Turkey, and the economic center of the Turkish state, and the most prominent economic areas in Istanbul are the Maslak area, the Basin Express area and the financial city, areas that include many international companies and the headquarters of the regional offices of many multinational companies, including Pfizer, Coca-Cola, Nestle, Vodafone and other multinational companies.
These areas also include a number of the most famous international hotels and the headquarters of Turkish banks and foreign banks working in Turkey, as well as a number of major economic entities, governmental universities and international schools, and due to the nature of these areas, they are considered a center point place for gathering businessmen in all fields import, export, agriculture, industry and trade.
Therefore, the state and construction companies are competing to establish many investment complexes or even residential apartment complexes with the aim of investing, and it is considered one of the best and safest investments for those looking for profits and investment returns from their real estate, and investing there is a kind of safe haven for their money in the hard times in the economic crises that may go through, on the other hand as one of the stable sources of fixed income that generates a steady, rising profits over time, and for this reason, in this article, we will focus the most important economic zones in Istanbul and the importance of real estate investment in these areas.
1- Maslak
The Maslak area is one of the oldest economic areas in Istanbul, and it is name of gold in the world of business and commerce. Its name means wealth, power and influence in the world of trade and economy in Turkey.
Maslak is located in one of the most prestigious neighborhoods of Istanbul, which is Sariyer district, the home of nobles, princes and sultans in the Ottoman era since the seventeenth century AD, and this is what you can see with your own eyes if you visit its museums and historical palaces, as Maslak is located within the Sariyer district one of the most prestigious districts in Istanbul, overlooking the Belgrade forests in the north of European side of Istanbul, and a few minutes away from the famous Bosphorus Strait, which separates the European and Asian sides of Istanbul. The importance of this area is because it is the gateway to the northern European side, If you are coming from the Asian side once you cross the Bosphorus Bridge, which makes it a strategic location, as well as it is 10 minutes away from Taksim Square and Istiklal Square, and it is at equal distance away between Istanbul Airport and Sabiha Airport on the Asian side, it is 45 minutes away from both of them.
Maslak area features
- Classy and modern area
As the Maslak area has been considered as a classy area as it always attracts the high-end classes, merchants, celebrities and businessmen, it is called the “City of the Rich” because of the district’s sophistication and selection by the most prestigious classes of Turkish society, including ministers, celebrities, merchants, businessmen and artists to live and settle in, in addition to being an ideal area for housing foreign ambassadors and businessmen.
- Safe from Earthquake
The area of Maslak is far from the danger of earthquakes because it is far from the Sea of Marmara, and its modern buildings and projects are insured against earthquakes, because the building laws in Turkey stipulate mandatory earthquake insurance.
- Enjoying a strong transportation network
Maslak area is enjoying with a strong infrastructure network, especially the transportation network, as it includes the M2 subway line and the E-80 highway passes through it, which is considered an important factor in linking it with the different areas of Istanbul.
- Real estate investment in Maslak
The investment in Maslak is one of the guaranteed profitable investments in case of renting, selling and buying due to the availability of the best services and facilities including hospitals, schools, universities, trade and shopping centers, and the Maslak residential complexes have ideal specifications, as it provides an infinite number of services to ensure the highest level of luxury and comfort for its residents.
Maslak enjoys a high quality of life due to the availability of green spaces, which form a green belt, including Belgrade Forest, NATO Forest and Emirgan Park as well as its proximity to the Bosphorus Strait, which gives Istanbul complexes very amazing views of the sea and green areas.
2- Basin Express
The Basin Express area is located on the European side of Istanbul, it belongs to Bagcilar district, as it is bordered from the south by both Bahcevlar and Bakirkoy districts, where Ataturk Airport is located, and from north by the Basaksehir district, where the third Istanbul airport is located in, while from west it is bordered by Avcilar and Beylikdüzü districts, and Bayrampasa area is located at the east of the Basin Express.
The Basin Express highway is one of the most important highways in Istanbul, because it connects the two most important transportation highways in Istanbul, the two highway lines: E-5 and E-80.
It enjoys a unique strategic location, as it is 10 minutes from Ataturk Airport, which is scheduled to be converted into a large public park, as well as a large exhibition and conference center.
Advantages of Basin Express area
Unique location:
The Basin Express area is distinguished by its unique vital location, as it is distinguished by its proximity to the new Istanbul Airport, which is one of the most important air navigation centers in the world, which increases the importance of the area's projects in terms of investment, especially real estate investment, which has become a destination for many businessmen, as it is a safe haven for their investment, especially as it includes luxury apartments, investment projects and international companies.
- Embracing many international hotels
The Basin Express area contains more than 30 hotels, some of which are ready to move, such as Marriott, Holiday Inn, Divan, Sheraton, and Rotana hotels, and some of them are under construction, and the Turkish state is working to increase investments in the field of hotel projects, and it provides all the necessary facilities to open giant hotels in this area and increase their number, as the construction of another 13 5-star hotels is scheduled to be completed.
- Providing many commercial centers
The Basin Express area includes a number of financial centers, entertainment centers, and service facilities, which has attracted many investors and businessmen to it, and the Basin Express area includes many shopping centers, the most famous one such as Mall of Istanbul and Mall 212, and many commercial complexes, which made Basin Express a business center.
Providing Schools, universities and hospitals
The area also includes many governmental and international schools, also it includes the most famous universities such as Altinbas University, Aris University, and Istanbul Kultur University.
As for international schools, including Al-Yasmeen International School, Al-Fayez International School, Safir International Schools, Syrian-Canadian School, Arab International School, and Libyan Model School.
The area also includes many health centers and private clinics in addition to governmental and private hospitals such as Medipol University Hospital which includes an airstrip, Acıbadem International Hospital, and the new medical city in Basaksehir.
Istanbul Financial Center
The financial city project extends over an area of approximately 3 million and 200 thousand square meters, in the Asian side of Istanbul, in an area located between the districts of Atasehir and Umraniye, adjacent to the TEM International highway. It is a strategic location in Istanbul, and has more than 30,000 employees. And branches of major financial institutions, and thus the new financial city will be the largest in Europe, and the project is characterized by its unique and modern design.
The project consists of 5 phases, as it is a small city, as it includes an integrated group of offices, residential units, a conference hall, hotels, as well as car parking, it will include a group of government projects that will develop the infrastructure in the project area through new transportation lines that are due to be opened, in addition to the use of renewable energy technologies to ensure the continuity of work in the financial center.
Advantages of Istanbul Financial City project
• Opening doors to potential foreign investments in Turkish market
• Providing the required facilities to obtain investment licenses.
• Providing information related to the investment sectors, and protecting investments with a package of laws regulating work within the city.
• A family project and at the same time an investment, as the project works with Home Office system, where it can be used for housing or work and benefit from the low value-added tax on it, which amounts to 1%.
• The project's proximity to vital services, including metro station next to the project, it close to a number of Turkish schools, and shopping centers that meet all the services needed by the investors.
• It is located on the international TEM highway and thus eases to the European side.
• The project is 25 minutes from Sabiha Airport and less than an hour from Istanbul airport.
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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Editing by Ramzy Real Estate Team ©
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