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The importance of investing in real estate near the Istanbul Water Canal

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The importance of investing in real estate near the Istanbul Water Canal

What is the importance of buying real estate near the Istanbul Water Canal?

04th March 2023

There is no doubt that the idea of real estate investment near the Istanbul Water Canal is not new today, but rather it is one of the most important topics that concern foreign investors wishing to invest in real estate in the real estate market in Turkey, especially in areas that are located near the mega projects that Istanbul is proud of.

Therefore, in our article, the editorial team was keen to highlight the importance of real estate located in the neighboring areas overlooking the water canal. Continue reading to learn more.

جدول المحتويات

The importance of real estate investment near the Istanbul Canal
Istanbul Canal site
The impact of the Istanbul Water Canal on the real estate sector
Istanbul Canal route

The importance of real estate investment near the Istanbul Canal

There are many advantages that you will enjoy when investing in real estate in the neighboring areas that overlook the Istanbul Water Canal, including:

It is expected that real estate, apartments, and lands of the areas located on the canal line will witness a continuous increase in value, due to the increase in demand by investors and businessmen.
It will be the home of tourists and the observatory of visitors because it contains many tourist areas and monuments.
The opportunity to reap large returns due to real estate investment in these areas.
The Turkish government worked on the construction of the new metro line and the new airport, which increased the importance of those areas adjacent to the Istanbul Water Canal.
The areas overlooking the Istanbul Canal witnessed a great commercial movement after all commercial ships were diverted from the Bosphorus Strait to the canal.
You can buy a property in one of the regions with a value of 400 thousand US dollars and obtain Turkish citizenship.
The possibility of obtaining a Turkish passport after submitting an application for citizenship.
The opportunity to obtain huge returns when buying a property in Turkey and renting it during the tourism seasons.
A large number of cultural and entertainment centers will be opened, including many galleries and theaters.
10 bridges along the canal are built with advanced designs and modern technologies, facilitating movement to all areas of Istanbul.

Istanbul Canal site

The Istanbul Water Canal is distinguished by its strategic location, being close to the new airport, which was classified as one of the largest airports in the world, as the Black Sea port for huge shipping containers, which is supposed to be built within the Istanbul Water Canal route, is located within the boundaries of the new Istanbul Airport.

First, Beylikduzu

Real estate in Beylikdüzü was distinguished because of its proximity to the Istanbul Water Canal, and real estate prices are expected to increase dramatically as a result. In addition, the area is rich in many universities, major hospitals, and public facilities, which makes it an ideal location for families and students.

In addition, it includes an excellent and diverse transportation network, which makes it easy to move around or travel to its neighboring areas.

Secondly, Basaksehir

Basaksehir is a link to the rest of Istanbul, and it is one of the fastest growing areas in Istanbul and has become an attractive place for investors wishing to buy apartments in Istanbul. Real estate prices in Basaksehir are still relatively low compared to other neighborhoods in Istanbul such as Sisli or Beyoglu.

In addition, there are many new developments taking place in it, and it includes many huge projects and modern residential complexes, in addition to its proximity to the Istanbul Water Canal, which made its strategic location attract many tourists and businessmen.

Thirdly, Kucukcekmece

It is one of the most famous areas in Istanbul, and it is one of the most densely populated areas in the city with a population of nearly one million people. It is located on the European side of Istanbul and is connected to the city center by public transportation networks.

Moreover, real estate prices are reasonable compared to other parts of the city, in addition to many schools, educational centers, hospitals, pharmacies, and shopping centers, and another advantage is that it is a very safe area with low crime rates.

Fourth, Arnavutkoy

Arnaout became famous for attracting many investors from all over the world, due to the advantages of buying real estate in the region, which are:

Real estate prices in Arnavutkoy are reasonable and suitable for the needs of every investor.
A safe area, which makes the investor reassured in terms of stability and living with his family.
The area has a variety of available real estate types, including villas, apartments, penthouses, and duplexes.
Real estate prices in that area are expected to rise significantly in the coming period because it hosts the new Istanbul Airport and the Istanbul Water Canal.
Arnavutkoy has a mild climate, which means you can enjoy the outdoors all year round.

Fifth, Avcilar

Avcilar is distinguished by its strategic location, as it is close to Ataturk International Airport and the Istanbul Water Canal, in addition to that, one of the main advantages is that real estate prices are relatively low compared to parts of Istanbul with all the necessary amenities and various transportation networks.

قناة اسطنبول المائية

The impact of the Istanbul Water Canal on the real estate sector

The most obvious impact will be on real estate prices in Turkey, as options along the new canal will become significantly more valuable, not only in terms of prices but also in terms of the types of properties that will be in demand, will have direct views of the waterway and this is likely to lead to a sharp increase in the prices of these properties, as investors seek to take advantage of this new feature.

Istanbul Canal route

Here are the areas through which the watercourse will pass:

A part of the new Istanbul water canal with a length of 3.1 square kilometers will be within the Avcilar area.
Part of the 6.5 km long canal route will be within the Basaksehir area.
The path of digging the Istanbul Water Canal started from the water isthmus separating the Sea of Marmara and Lake Kucukcekmece.
The last 28.6 square kilometers of the canal will be within the Arnavutkoy area.
A part of the canal's path of 7 square kilometers will be within Kucukcekmece Lake.

In order to get a unique real estate opportunity, our team at Binaa Real Estate Company is always waiting for you to accompany you on an integrated real estate journey and to provide a range of exceptional services such as:

Assistance in obtaining real estate residence.

Follow the steps to obtain Turkish citizenship.

Assistance in applying for a Turkish passport.

Benefit from years of experience in the Turkish real estate sector.

Answering your various inquiries about buying a property in Turkey.

You will save effort in random searches when you rely on BINAA real estate .

We will enable you to search for apartments for sale in Turkey in installments.

You can get apartments under construction.