Turkey’s Newest Marina Boosts Istanbul’s Western Suburbs

The Suburbs of Western Istanbul are set to receive a major boost with the announcement of a new marina to be developed 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 newest  5 star hotel, the Sheraton Istanbul Ataköy Hotel, intends to build the new marina in the Ataköy district situated on the European side of the Bosphorus.   

The new Park Marina project will cover some 15,000 square meters close to the Ataturk International Airport, only 15 miles west of the financial center of Istanbul, and will include restaurants, shops and a state-of-the-art marina. Park Marina is scheduled to open in mid-September.

Steven Worboys, MD of Experience International which is marketing a number of luxurious residential developments in the western suburb of Beylikduzu, only 20 minutes from Ataköy district, comments:

“Such substantial investment in Istanbul’s suburbs is extremely positive for the future. As the city has grown, demand on available land in the financial centre has increased and now developers are looking to burgeoning districts in the west such as Ataköy and Beylikduzu which are experiencing substantial population increases and infrastructure investments.”

Dati Investment Holdings echo this viewpoint, showing 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$60 million in the renovation of the Sheraton Ataköy Hotel and $20 million in the Galleria shopping centre, one of the most attractive and popular recreation areas in the city.

Gökhan Kıran, board member and head of executive board of Dati,~Board member and head of executive boardof 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 seeing significant interest form overseas property investors with capital gains of up to 30% reported for Beylikduzu district.

Demand for quality Istanbul property investment opportunities in this district remains high and exclusive pre-launch developments like the No1 Knightsbridge allow clever investors to secure luxury apartments at as much as 50% below completed projects prices and also enjoy a 2 yr protected rental guarantee of 7.5

For additional 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.

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