Istanbul

Istanbul: Türkiye's economic engine

Istanbul generates 31% of Türkiye's GDP, hosts the country's largest financial centre (Maslak/Levent CBD) and the third-busiest airport in Europe (IST, 76M passengers). The city's 16M residents and 17M+ annual international tourists create dual demand for business hotels, mixed-use retail and high-end residential.

Premium investment districts

• Beyoğlu (Galata, Karaköy, Cihangir)—Historic core, boutique hotel conversions; €25-35K/m² prime buildings.
• Beşiktaş—Bosphorus Front (Ortaköy, Bebek, Arnavutköy)—Highest-value residential strip in Türkiye; €40K+/m² for waterfront mansions.
• Şişli—Maslak / Levent CBD—Türkiye's Wall Street. Class-A office cap rates 7-9%; mixed-use towers €15-25K/m².
• Kadıköy—Bağdat Avenue—Premier retail corridor (8 km), AVM-anchored mixed-use developments.
• Sarıyer (Maslak, Tarabya)—Branded residence corridor (Zorlu, Vakkorama, Akasya).

Investment metrics

• Class-A office cap rate: 7-9%
• 5★ hotel ADR (city centre): €220-380
• Mixed-use prime €/m²: €15-25K
• Waterfront residential: €40K+/m²
• Annual GDP contribution: 31% of Türkiye

Why institutional capital is here

Istanbul is the only Turkish city with deep secondary-market liquidity for office and mixed-use assets. Major sovereign-wealth deals (Qatar Investment Authority, ADIA, Mubadala) have anchored prime CBD assets since 2018.