The Suburbs of Western Istanbul are about to benefit from a further boost with the announcement of plans to build a new marina worth $16 million.
Dati Investment Holding, one of Turkey’s leading development consortiums whom are also the owners of the high end Galleria shopping mall, the Crown Plaza and Istanbul’s latest 5* hotel, the Sheraton Istanbul Ataköy Hotel, plans to build a new marina in the Ataköy district situated on the European side of the Bosphorus.
The new Park Marina project will spread over 15,000 sqm near the Ataturk International Airport, only 15 miles west of the financial center of Istanbul, and will feature restaurants, shops and a state-of-the-art marina. Park Marina is due to open in mid-September.
Steven Worboys, MD of Experience International which is promoting a number of luxurious residential developments in the western suburb of Beylikduzu, only 20 minutes from Ataköy district, comments:
“Such significant investment in Istanbul’s suburbs is very encouraging for the future. As the city has grown, demand on available land in the financial district has increased and now developers are looking to burgeoning districts in the west such as Ataköy and Beylikduzu which are experiencing significant population increases and investment in infrastructure.”
Dati Investment Holdings affirm this viewpoint, demonstrating a commitment to Istanbul property investment in the future of districts such as Ataköy. They have been praised by the government for their investment of $20 million in the Galleria shopping centre & $60 million in the renovation of the Sheraton Ataköy Hotel, one of the most popular recreation areas in Istanbul.
Board member and head of executive board of Dati, Gökhan Kıran recently commented:
“With ParkMarina life center and Dati’s new projects ‘in the pipeline’, we believe Ataköy will again be an attractive district. We also plan to build a new hotel in Ataköy and our master investment plan for the region will be a mega yacht marina.”
Istanbul’s western suburbs are receiving significant interest form overseas property investors with capital gains of up to 30% reported for Beylikduzu district.
Demand for attractive and luxury Istanbul property investments in this area remains high and exclusive pre-launch opportunities like the No1 Knightsbridge allow savvy investors opportunities to secure luxury apartments at up to 50% below completed projects prices and also benefit from a 2 yr 7.5% protected rental guarantee.
For more information on the western suburbs of Istanbul or to get involved investing in property then contact the experts at Experience International on +44 (0) 207 321 5858 or visit Experience-International.com.