Istanbul’s property market will be in the spotlight at Dubai’s Cityscape Global property exhibition in October, with a surge in interest in the burgeoning Turkish city expected from Gulf investors over coming months.
A host of exciting property developments in Istanbul, including residential, commercial, tourist and mixed use, will be showcased at Cityscape, which takes place from 8th-10th October. Turning heads at the event will be Trump Towers Istanbul, the first Trump branded project in Europe, designed by world-renowned architect Brigitte Weber. This will include a 37-storey residential block, 36-storey office block and 5-storey shopping mall.
The equally impressive Vadistanbul project will draw attention, illustrating the immense scale of residential and mixed use projects planned in Istanbul over coming years. Occupying a 1.1million-square-metre site between the northern Maslak district of the city and Belgrad Forest, Vadistanbul will be a modern town split into three architecturally distinct parts.
Meanwhile, Istanbul has been chosen by Dutch BioCity Development Company as the first city in its series of purpose-designed eco cities centred around tertiary care teaching hospitals and biomedical hubs. Once complete, this network of ‘Bio Cities’ will constitute the world’s largest network of science-based communities, dedicated to the development of translational research and knowledge based economies.
Also on show in Dubai will be one of Turkey’s most desirable tourist resorts, the Princes’ Palace Resort and Spa, located on the Princes Island of Büyükada, reached via a short ferry or helicopter ride from Istanbul. Completion of the resort, which includes the restoration of a Grand Mansion, is scheduled for spring 2014.
Contact property specialist Spot Blue for more information on buying property in Istanbul or throughout Turkey: www.spotblue.com, +44 (0) 20 8339 6036.