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Bomonti Residences

Being  part of the Sisli neighbourhood, Bomonti is best known as being one of the first light industrial zones in Istanbul, and was later home for the brewery, the first one of the Ottoman Empire, which takes it’s name.

Following the construction of the Bosphorous Bridge, during the 1970’s, urban accessibility was improved and gradually the factories closed and the area became a dead zone.  Recently however, the area has been the subject of mass transformation, due to the central location within Istanbul and high land prices, and is now an area of large scale multi-storey projects. 

If you are looking for a family home, whether for your family or for tenants, which is close to the commercial centre of Istanbul and without the need to engage in a daily commute, then Bomonti Residence is undoubtedly your first choice.  With a mix of housing units, shops, offices and a 5 Star hotel, this stunning new development has everything you need for modern living.  Contemporary innovations, coupled with elegant features combine to present apartments that are just waiting for you to add your own personal touch.

International schools, hospitals and close proximity to the Bosphorous are just a few reasons why Bomonti Residence is a great choice – and being just a short distance from the shopping areas of Sisli and Nisantasi, together with a rise in entertainment venues in Bomonti itself, means that properties here are in great demand.  Finally, the central location means that transport infrastructure brings the whole of Istanbul within easy reach.

You should check out the link soon to see for yourself what living in Bomonti could mean for you and your family https://udturkey.com/properties/bomonti-residence-by-rotana/

 

 

 

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Self Istanbul

People need to find themselves, not just their needs in the place they live. They should have fun as they wish. They should walk, run, play. They should do sports whenever they want. They should be alone at any time. They should have a chat and socialise with other people at any time. People must be themselves for their loved ones. This is our understanding of happiness … We offer you a life that you can be yourself. A life where you can be happy with your loved ones. Because people are happy where they can live like themselves.

Project’s Offer

Self Istanbul, 4 Bedroom Esenyurt, İstanbul
1,234,000₺ /Starting Price | %40 DP, 36 month installment
Self Istanbul, 3 Bedroom Esenyurt, İstanbul
896,000₺ /Starting Price | %40 DP, 36 month installment
Self Istanbul, 2 Bedroom Esenyurt, İstanbul
599,000₺ /Starting Price | %40 DP, 36 month installment
Self Istanbul, 1 Bedroom Esenyurt, İstanbul
440,000₺ /Starting Price | %40 DP, 36 month installment
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Flamingo Blu

Flamingo Blu is a family-friendly project with a low-rise boutique complex consisting up of two blocks and 59 flats. All with a spectacular view. 70% of the project is landscape and built on green areas.

Spacious units, available with 2+1, 3+1 types, and duplex. Excellent outer finishing with premium quality materials. Flamingo Blu offers luxurious and modern living with branded electronic appliances, underfloor heating, high ceiling, ceramic siding, and French windows. A 24/7 security with IP cameras, video entry phones system, generator for all flats, shelter, and a water tank is available for emergencies. Elevator, car wash system, and professional facility services are available. Designed for a comfortable and relaxing lifestyle with social facilities such as swimming pool, fitness center, basketball court, party room, children playground, table tennis, billiard table, sunbathing terrace, indoor parking, etc.

Project’s Offer

Flamingo Blu, 3 Bedroom Buyukcekmece, İstanbul
1,500,000₺ /Starting Price | %50 DP, 12 months installment
Flamingo Blu, 2 Bedroom Buyukcekmece, İstanbul
1,080,000₺ /Starting Price | %50 DP, 12 months installment
Flamingo Blu
Project
Project
Flamingo Blu Buyukcekmece, İstanbul
1,080,000₺ /Starting Price | %50 DP, 12 months installment
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Why is Turkey a good choice for Real Estate Investment?

You may have heard about, or read in the press, that Turkey is one of the upcoming countries in the world, when it comes to investing in Real Estate, but you may not know why…so here are a few reasons why you should consider this unique country – a fusion of the mysterious East and the cosmopolitan West, when you are planning your next property purchase.

 

As of October 2020, there are not many countries in the world which haven’t been adversely affected by the current Coronavirus Pandemic – but Turkey has been classed as the 3rd least affected, according to the OECD.  As a result of this OECD classification, Turkey has recently launched new infrastructure projects, such as new hospitals and schools, together with a 330 Km long highway, linking the Marmara, Black Sea and Mediterranean regions, which is planned to open in time to coincide with the country’s Centennial celebrations in 2023.  Positive signs of the confidence in Turkey’s economic growth – currently Turkey has one of the fastest growing economies in the world with an average GDP growth rate of 5.5%

 

Turkey’s unique and strategic location has created an efficient and cost-effective hub to major markets giving easy access to 1.5 billion people and a combined market worth of USD 24 trillion GDP in Europe, MENA, and Central Asia within a 4-hour flight radius.  This has attracted worldwide names such as Toyota, Ford, Nestle and Hugo Boss, all of whom have chosen Turkey as a hub for manufacturing, export and management.  Such investment creates employment for the increasing number of young, well-educated citizens of Turkey, a result of the rapid expansion in the number of universities in Turkey, creating a dynamic and educated workforce.

 

Despite the Covid pandemic, Turkey’s property market continues to boom, with more than 41,000 new properties being sold in Turkey during September 2020 – 5,269 of which were sold to foreigners.  Around 8,000 new properties were sold in Istanbul, the main city for buy-to-let investors in Turkey.  (Around ¼ of these properties were bought by foreign investors)  Iranian investors accounted for the highest number of property sales to foreigners in Turkey during September 2020, closely followed by Iraqis and Russians.  Other foreign investors came from United Kingdom, Germany, United States, and China and other countries.

Buying property in Turkey is a very quick and straightforward process and is available to citizens of 129 countries.  There is no Capital Gains Tax in Turkey if you keep your property for 5 years and foreign buyers are also exempt from VAT on a first home purchase, when buying with foreign currency.

 

The country’s Citizenship by Investment programme is proving hugely popular. At the time of writing, 2843 people from 76 different countries, the majority of which are from China, have accquired property in 29 different Turkish provinces to become Turkish citizens.  A Turkish passport gives visa-free travel to 111 countries

As one of the world’s favourite holiday destinations, with almost 52 million people visited Turkey during 2019 – an increase in income of 17%, and worth more than $34.5 billion. Many visitors enchanted by the beauty, the lifestyle and the economic attractions of Turkey account for a large percentage of property sales.

 

 

  1. Thanks to a high GDP, stable inflation, a growing middle-class sector and a young, property-hungry population, investor confidence in Turkey is at an all-time high.

 

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Why Invest in …….?

Investing in Istanbul Real Estate is one of the best decisions you can make.  Due to the central and unique location of Istanbul, the history, the cosmopolitan nature of this vibrant and much sought after city, owning a property here is a guaranteed investment success.  However, thereafter comes a dilemma – in which area of Istanbul should you buy?

It’s a well known and often repeated fact that Istanbul straddles two continents – Europe and Asia, and is therefore one of the most popular cities to visit.  It is a lesser known fact though that Istanbul is actually known as Istanbul Province, and comprises 39  neighbourhoods, each with it’s own local government, and complete with necessary facilities such as housing, infrastructure, schools, hospitals, shopping malls.

Why Invest in …….Sisli is one of the 39 districts of Istanbul.  Located on the European side of the city and covering around 35Km2, it is bordered by Besiktas to the east, Sariyer to the north, Eyup and Kagithane to the west and Beyoglu to the south.

Developed as a middle-class centre during the Ottoman period, Sisli boasts wide avenues with large buildings and was home to Armenians, Jews and Greeks (and a few Turks).  Following the founding of the Turkish Republic in 1923 the area became a favourite of poets and writers and Sisli acquired theatres and cafes.  The Hilton Bosphorous Istanbul was built here in the 1950s, the first Hilton outside of USA, and was quickly followed by other presitigious hotel chains.

Nowadays the elite of Istanbul have moved further out of the city and their large homes have become banks, offices and large retail units.  Sinc the 1970s a period of renovation has taken place and most of the grand buildings have been demolished, to be replaced by modern high rise apartment blocks.  Sisli is known as a centre for shopping, and Europe’s biggest (and the world’s second largest) shopping mall Cevahir, is situated here.  The charming area of Nisantasi is known as the home for high fashion in Istanbul, and you can find many designer studios within the narrow back streets.

Şişli also has a reputation for education with some well-known high schools and a great number of dersane (preparatory courses for the annual university entrance exams), evening and weekend schools where people come to cram for university or high school entrance examinations, or to learn English.

Due to it’s central location Sisli is once again known as an up and coming area of Istanbul, and residential properties here are at a premium.  We are proud to present a number of exquisite apartments in this desirable location, complete with every modern facility and amenity for your family.

 

 

Why Invest in …….Bomonti?

Being  part of the Sisli neighbourhood, Bomonti is best known as being one of the first light industrial zones in Istanbul, and was later home for the brewery, the first one of the Ottoman Empire, which takes it’s name.

Following the construction of the Bosphorous Bridge, during the 1970’s, urban accessibility was improved and gradually the factories closed and the area became a dead zone.  Recently however, the area has been the subject of mass transformation, due to the central location within Istanbul and high land prices, and is now an area of large scale multi-storey projects.

Modern tower blocks offer stunning views of this amazing city, and being just a short distance from the shopping areas of Sisli, together with a rise in entertainment venues in Bomonti itself, properties here are in great demand.

Why Invest in …….Kagithane

Kagithane is formerly a working class district, covering an area of 14.52km2 on the European side of Istanbul, which has recently become one of the largest real estate development areas of the city.  The area takes it’s name from the former paper factories and flour mills which were prominent in the area.

Nowadays, following the introduction of new intra-city networks and urban regeneration plans, Kagithane is transforming into one of the smartest addresses in Istanbul.  New developments include a wide range of mixed use, shopping mall, hotel, campus, office and residential units.  One of the most prominent buildings in the area is Istanbul Sapphire, boasting 54 floors and rising 238 metres, Sapphire was once the tallest building in the city, and the 4th tallest building in Europe.

Why Invest in …….Esenyurt

On the European side of Istanbul, Esenyurt is a ‘new’ area of Istanbul, with lots of recent development.  Bordered by Kucukcekmece Lake on the east, Buyukcekmece to the west, Arnavutkoy and the new Istanbul airport to the north and the major E5 highway to the south, Esenyurt is becoming a favourite residence amongst Istanbulites.

Esenyurt is a developed area, with good infrastructure and transport links – the new Istanbul airport is just over 40 Km from Esenyurt.  There are four new cultural centres and four new parks in Esenyurt which add to the impressive list of facilities in the area such as shopping malls, hospitals and health facilities, Universities, conference centres, nature park and other leisure activities.

Due to land prices in the area, property here is quite affordable and it is possible to buy a brand new, modern apartment for less than $50,000.

 

Why Invest in …….Maslak

Maslak is the main business area of Istanbul, located on the European side of the city and is home to Turkey’s Stock Exchange – Borsa Istanbul, and also the huge, green leafy Belgrad Forest.

Maslak gets it’s name from the water pools brought through channels from the Buyukdere River, but it is now known as Skyscraper Central, due to the proliferation of tower blocks, some of which offer tantaslising glimpses of the iconic Bosphorous Strait.

Maslak is quite close to the centre of Istanbul, with Taksim Square being just a few stops away by Metro, from where you can easily reach all parts of the city.  In the other direction, you can find the beaches of Kilyos or watch the fishing boats at the picturesque port of Sariyer, and hardly believe you are in Istanbul at all.  The new Istanbul airport is easily reached via the new D020 road and is approximately 34 Km away.

Due to the central location, and being close to many businesses, shopping and leisure outlets, apartments in Maslak is in great demand, and are thus perfect for investors looking for buy to let property.

Why Invest in …….Eyup

Eyup, or Eyupsultan, is a district of European Istanbul, on the shores of the Golden Horn, which takes it’s name from the magnificent and imposing Eyup Sultan Mosque.  There is a gondola ride, rising up from behind the mosque, up to the historial Pierre Loti Coffeehouse, named after the French writer who was a frequent visitor in the late 19th Century.  Being the highest point of European Istanbul, you can soak up the panoramic views of the Golden Horn, whilst enjoying a refreshing drink.

Being in a central Istanbul location, and having good infrastructure and transport links to the city, this is a favoured development area and property values are rising quickly.  Apartments here are proving popular with investors seeking entry level opportunities with scope for capital growth, and a steady income from tenants who prefer the easy commute into the city.  However, it is still possible to find a modern apartment, with good views, from as little as $65,000.

 

 

 

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Return On Your Investment in Istanbul

One question everyone asks, when thinking about investing in Istanbul, is ‘how much return can I expect to receive?” and so this article sets out to explain how real estate investment works, and how to get the best return on your investment.

 

First of all, there are two ways in which you can get a return on your property investment.  These are rental income and capital appreciation.  Such returns are generally tied in with the security of a country, therefore the safer the country (in terms of policital and financial stability) the lower the risk, thus the lower the income, compared to a more volatile country, where the risks may be higher, and thus returns too are higher.

 

It is thus important, when buying in Turkey, to recognise the stability and security of the country, which is classed as “an upper-middle income country, with an impressive economic and social development performance since 2000.” (*World Bank).

 

As most investment properties in Turkey are in Istanbul, we shall focus our attention there.  Over the past 5 years, house prices in Turkey have increased, on average, by around 15% annually, however new properties in Istanbul have increased by around 25% in the same period.

Properties in Istanbul generally offer more social and leisure facilities than those in traditional Turkish cities, which increase their rental income and resale value, coupled with ongoing Governmental capital investments such as new transport links, retail facilities, education and health establishments etc., all of which combine to increase property values.

 

Another factor to consider when buying property for investment is property size.  In Istanbul, families tend to be smaller, with many people living alone – having left their birth city for the improved life and employment opportunities Istanbul offers.  Property maintenance fees are calculated based on the size of a property, plus of course, running costs increase according to property size, thus we advise that you focus on 1 or 2 bedroom properties, when buying for investment.

 

When it comes to rental income, of course this can fluctuate enormously, depending on the quality of the property, facilities nearby etc, but we can say that, on average, rental income in Istanbul is around 6% of the property price, per year.  In order to maximise your rental income, we advise that you should choose a project with proven highly sought-after properties.  Usually these can be close to a university or hospital, or similar, and almost always within a modern complex which offers leisure facilities, leading to a healthy and more relaxed lifestyle.

 

We can therefore conclude by saying that, in order to obtain the most return on your investment, you should make an informed choice, by having the most comprehensive and up to date information at hand and by dealing with a recognised Property Specialist who has a unique relationship with proven builders and who are able to guarantee the best price.  Choose wisely – choose UD Turkey!

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How to plan your Real Estate Investment in Turkey

Once you have decided that Turkey is right for your next investment, you will have many questions regarding the how’s, the when’s, the where’s and the what if’s, so this information will help you to understand the process and the timescales when you buy property in Turkey.

 

As an investor you will know that planning is key to success.  And the more information you have at your disposal, the easier it will be to make an informed decision….  Buying in any foreign country is always worrying, but even more so when you do not understand what’s being said.  At UD Turkey we speak your language – our advisors are fluent in Turkish, English, Arabic, Russian and French.

 

Your first decision will be “Where in Turkey” you want to buy.  The answer to this question depends on the reason for your purchase.  As a lifestyle investor, you may want to find the best property for your family to enjoy their time in Turkey, whether that will be for permanent, year-round living, or simply a vacation home..  however, as an investor, only the numbers are important.  You will want to find the property which will give you the best return on your investment, in terms of rental income and capital appreciation.

 

As a vast country, there are many areas of Turkey which may suit your needs, and as you begin your search, you may discover that what you had previously thought was the best location for you, is not the case.

 

UD Turkey is unique in that we can help you with your search in ALL areas of Turkey, so you can deal with the same company whether you are buying in Beautiful Bodrum or Incredible Istanbul!  We work with the best developers around the country and can thus offer you advice and support regarding the best area for your purposes.

Once you have decided on your preferred area, you need to find the right property at the best price.  Due to our special relationship with builders we can guarantee the best prices on the market, as you are dealing direct with the developer.  We will send you details of several different property options, within your chosen area and price range, so that you can make an informed decision, before you even visit Turkey.

 

Your next step will be to see the area of your choice in person.  Again UD Turkey can help you to make the arrangements and will suggest quality hotels, so that you are ready to see the properties after a good rest.  We will be with you as you inspect the properties you have already pre-selected, to act as translator and to answer all of your questions.

 

Once you have decided on your property, we will assist you with the buying process, introducing you to qualified and trusted solicitors, help you to open a Turkish bank account and arrange Power of Attorney so that we may continue to complete the purchase on your behalf, after you have returned to your country.

 

UD Turkey’s Legal, Aftersales & Property Management teams will continue to work with you, and for you, to find tenants for your property (if required), to enable you to start receiving income from your investment.

 

So you can see, that buying a property in Turkey is an easy and streamlined process, when you work with a qualified, experienced and dedicated team of Property Specialists.

 

 

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How UDTURKEY works and how we can help foreign investors in Turkey?

UDTurkey (United Developers of Turkey) is a unique concept and Turkey’s only real estate portal for International buyers.

 

Working as a joint venture, in partnership with the most established and respected builders in Turkey, we strive to offer the best investment options to foreign buyers.  Our aim is to create a direct sales channel between developers and investors and, due to our unique arrangement, we can guarantee the best prices in the market without any hidden agenda or cost implications.

 

Investors can buy with confidence, direct from the leading developers, in the most preferred and beautiful parts of Turkey.  From Istanbul to Izmir, from Bursa to Bodrum, from Ankara to Antalya – and all places in between.  We provide real property names and locations so it’s never been easier to find your ideal property in your preferred location!

We offer a direct communication channel between customers and construction companies, and are always on hand to offer assistance, advice and support to both parties.

 

Whether you are looking for a commercial enterprise in Istanbul or a family holiday home in Antalya, UDTurkey is your one-stop shop.  If you are planning to buy a property in Turkey in order to apply for Turkish Citizenship our dedicated legal team and property advisors can help you every step of the way.

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Turkish Citizenship by Real Estate Investment

Following the relaxation of the Citizenship by Investment law in Turkey in December 2018, many investors are taking advantage of the fact that, for an investment of just $250,000 they, their spouse and dependent children can obtain Turkish Citizenship and a Turkish passport.

 

The Turkish passport is ranked 22nd in the world and offers visa-free travel to 47 countries.  In addition, entry to a further 41 countries is permitted with visa-on-arrival.  Such countries include:  Qatar, Tunisia, Jordan, Iraq, Morocco, Japan, South Korea, Malaysia, Singapore, Hong Kong, Indonesia, Brazil, Argentina, Belarus, Bosnia and Herzegovina, Brunei Sultanate, Chile, Colombia, Ecuador, El Salvador, Georgia, Paraguay, Serbia, South Africa, Thailand, Turkish Republic of Northern Cyprus, Ukraine and Uruguay.

 

One of the ways you can apply for Turkish citizenship as an investor is to buy property/ properties to the combined value of $250,000, with the proviso that the property will not be sold within 3 years.  Once the sale has been concluded a Certificate of Eligibility will be issued to the property owner.

 

There are other ways in which you can apply for citizenship, without owning property (such as making a minimum investment of $500,000; creating jobs for at least 50 Turkish citizens; buying at least $500,000 worth of Turkish Government bonds etc), but buying property, whether residential or commercial, is the route most preferred by foreign investors.

Once the Certificate of Eligibility has been issued, the foreign citizen must then apply for a Residence Permit before later submitting an application for Turkish Citizenship.  The procedure for acquiring citizenship goes through several stages, and concludes when the application has been passed by the Turkish Presidential office.

 

Investors may wonder about the benefits of Turkish citizenship.  The most obvious is the ease of access to over 80 countries, including the Schengen states of Europe (for which a visa is required, but easily obtained), but being a Turkish citizen also offers many other benefits such as free education, access to excellent health facilities, life in a safe and beautiful environment etc.

 

Obtaining a passport in a foreign country sounds quite difficult and could be a daunting prospect for some, however Turesta’s professional legal team and property advisors, who are knowledgable in all matters related to real estate and the Citizenship application, will make the process very easy.

 

 

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Route Istanbul

Route İstanbul which has a wonderful location in terms of accessibility, is erecting in the most central cities of İstanbul, Ataköy!

Route İstanbul is just next to the most thoroughfare highway of the city, E5 Highway. It is just 10 minutes away from TEM Highway and Mahmutbey toll booths by Basın Express Road, 5 minutes way from coastal road

The world is within your arms reach with Ataturk Airport in 2 minutes distance and the entire city is within your arms reach with metro and metrobus stations in walking distance…

STRUCTURAL SYSTEMS
All materials and systems to be used shall be according to Turkish Standards and specifications or respective CE, etc. standards.

Structural Statics
RAFT FOUNDATION shall be built. The structure shall be reinforced concrete carcass.

Heating System and Domestic Hot Water
Residence apartments shall be heated by a central system with natural gas boilers for each block. In residence apartments premium aluminum radiators and premium aluminum towel warmers shall be installed. Each residence apartment shall be provided with domestic hot water. Heating and hot water energy consumptions shall be measured by calorimeters. They shall be shared through administration costs.

Cooling
All residence apartments shall have an air-condition system.
Heating and cooling of commercial areas may be provided through VRV / mini VRV systems for each detached section by the PURCHASER after delivery. The placement of the outdoor units and piping are shown on the projects and they shall be implemented by the PURCHASER.

Domestic Water
Domestic water shall be provided by the water tank and boosters.

Ventilation
Residence apartments shall have forced exhaust from kitchens and wet areas.
Shutters in front of commercial areas for provision of fresh air and exhaustion of air shall be provided.

Fire Extinguishing
The whole project complex shall be installed according to the Turkish Fire Prevention Directive.

Electricity
The energy for the Project Complex in accordance with the project shall be provided and generators shall be installed. At each apartment and in required locations of common spaces electronical meters, residual current devices, fire alarms and earthing system shall be installed.

Safety and Security
Entrance and exit shall be under control in the project complex. Moreover, there shall be enough number of security cameras to be equipped around the project complex and at the entrance and exits. All residence apartments shall be equipped with video intercom system.

Exterior facades
All blocks shall have jacketing, ceramic and / or composite coating at their exterior facades as envisaged in their projects.

Windows and Joinery
The residence apartments in blocks shall have aluminum joinery and double glazing.

Roofs
All block roofs shall have waterproof and heatproof terraces and coated with free gravel, ceramics or epoxy-like material.

Carpark
1+1 residence apartments shall be provided 1 vehicle, 2+1 residence apartments shall be provided 2 vehicle parking lots. An open carpark shall be used for stores, visitors, consumers and transient parking in the project complex. There may be changes in the layout of vehicle placement due technical requirements.

Lifts
A and B blocks shall have each 4 passenger lifts and one freight elevator shall be installed in each block. The lifts shall have access to carpark floors.

INDOORS
Residence apartment entrance doors shall be made of veneered or lacquered steel. The interior doors shall be veneered or lacquered.

INTERIOR OF RESIDENCE APARTMENT

Flooring
The living rooms and other rooms of residence apartments shall be furnished with laminate floor coverings.
Entrance halls, kitchens and bathrooms, all balconies shall be covered with ceramic equivalent tiles.

Ceilings
All residence apartments shall be applied plastic paint on plaster board suspended ceiling.

Interior Walls
Interior walls shall be made from gas concrete, brick, pumice concrete equivalent and / or plaster board etc. and painted. Ceramic tiles shall be applied in bathrooms.

Doors
Residence flat entrance doors shall be made of veneered or lacquered steel. The interior doors shall be veneered or lacquered.

Kitchens
Kitchens are equipped with cupboards covered with PVC or lacquer, acrylic countertop and kitchen sink.

Bathrooms
There shall be 1st class and high quality sanitary ware, under bench cabinets covered with PVC or lacquer and mirror used in bathrooms.

Closets
The cloakroom and installation closets shall be lacquered or covered with membranes.

WORKPLACES
The workplaces shall be delivered without any application in basic structure.

List of Locations (Structural Features) was furnished to make the general definition of systems to be applied in the project Route İstanbul, to specify the general design criteria and to describe the materials to be used. Özyazıcı İnşaat reserves all rights for any changes to be made in the List of Locations in case of technical and administrative requirements.*Apartment shall be delivered without fixed-in products.

The visualizations, 3D drawings and schemas are intended for presentation purposes. ÖZYAZICI İNŞAAT reserves all rights for any changes to be made in case of technical and administrative requirements.

Project’s Offer

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