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Istanbul New Airport a Strong Competitor to The World’s Best Airports

Posted by daniaalasali96 on February 1, 2024
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Table of Contents

  • Istanbul New Airport
  • Cost of Istanbul New Airport
  •  Facilities and Services
  •  Stages of Building Istanbul Airport
  •  Impressive Numbers and Statistics
  •  What Capabilities Does Istanbul Airport Possess?
  •  Global Awards Earned by Istanbul Airport
  •  The Impact of Istanbul Airport on the Future of Real Estate in Yenişehir

Winning more than 31 international awards, topping the list of European airports for two years in a row, and surpassing the number of its passengers compared to the populations of major global cities, it is Istanbul New Airport , the largest airport in Turkey and one of the biggest airports worldwide.

Join us in this article to discover the significance of the New Airport and its significant role in improving the future of real estate investment in the Yenişehir lands

Istanbul New Airport

The three sections of Istanbul new Airport from the outside

The new Istanbul Airport is located in the European part of Istanbul in the Arnavutköy area on the Black Sea coast, Turkish President “Recep Tayyip Erdoğan” inaugurated the first phase of the new airport on October 29, 2018, which was built on an area of 76.5 million square meters, with the participation of over 50 high-profile guests from around the world.

The aim of Istanbul New Airport is to enhance Turkey’s position in the global aviation sector and improve the country’s capacity to accommodate more visitors and flights.

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Cost of Istanbul New Airport

A group of planes lined up on the runways of the new Istanbul new airport

The total cost of constructing all four phases of the airport exceeds 26 billion euros, where the construction of the new Istanbul Airport is undertaken by the company “Istanbul Grand Airport”, as the investment for the first phase of the airport amounted to 6 billion euros.

In the year 2022,The New Airport succeeded in generating revenues that surpassed 117 billion euros since its opening in 2018, according to a tweet by the then Turkish Minister of Transport and Infrastructure “Adil Karaismailoğlu” on his Twitter account.

He added, “Istanbul Airport has contributed 80.7 billion euros to the Turkish economy since its opening in 2018”, and noted that “the airport was built without a single penny from the state treasury, with investments amounting to 10.25 billion euros and a total lease cost of 26 billion euros”.

Read also: Real estate investment in Türkiye, profits and benefits await investors

Facilities and Services

Istanbul new Airport from the inside shows various restaurants, cafes and shops

The Airport offers a wide range of services, including:

  • 5 independent passenger terminals with a total of 143 boarding bridges.
  • 6 runways and an air traffic control tower.
  • Car parking for around 40,000 cars.
  • Various restaurants, cafes, and duty-free shops.
  • Airport hotel and metro station.
  • An airport museum.
  • Free internet service within the airport.
  • ATM services for several international and local banks.
  • Car rental services of various types.
  • Baggage and passenger transfer services for seniors and children.
  • Currency exchange services through authorized exchange offices within the airport.
  • Security at Istanbul Airport and its surroundings is provided by over 6,000 private security personnel.
  • A comprehensive surveillance system covering all areas of the airport.

Stages of Building Istanbul Airport

Preparing aircraft loads of goods and other items at third Airport at night

The decision to build the New Airport in four phases was made due to it being one of the country’s massive projects, and indeed the first and second phases of the airport were completed, making it available for use immediately after the completion of the first phase.

During which the airport was basically built, in addition to two runways, 8 taxiway, 3 technical works areas, 88 passenger bridges, a main terminal hall that can accommodate 90 million passengers annually, and other important facilities.

In the second phase, two additional runways and an additional parallel taxiway were added to the airport, and only two phases remain, which are:

Phase Three: Includes the construction of a new passenger terminal built on an area of 500,000 square meters, overlooking the sea, and has a capacity for 30 million passengers annually.

Additionally, a new runway, another parallel taxiway, and an aircraft parking area will be built.

Phase Four: This phase involves the construction of a new passenger terminal on an area of 340,000 square meters, with a capacity of approximately 30 million passengers annually, in addition to constructing the sixth and final aircraft runway.

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Impressive Numbers and Statistics

A number of passengers carrying their bags waiting for their planes to arrive

In the year 2019, just one year after its opening, the number of passengers through the new Airport exceeded 40 million, surpassing the populations of major global cities declared by the United Nations.

The figure continued to rise from the project’s opening until 2021, reaching 103.5 million passengers in just three years. During this period, the airport operated 730,083 flights to 251 destinations, despite the global transportation sector coming to a halt for about a year and a half due to the COVID-19 pandemic.

According to data released by the Directorate General Of Civil Aviation (DHMI), 70,396,167 passengers used Istanbul Airport during eleven months of the year 2023.

The New Airport boasts an annual capacity of 90 million passengers, with the main passenger terminal building covering an area of 1.4 million square meters, as it offers accessibility from Istanbul to 41 countries within 3 hours and to 66 countries within 5 hours.

The significant increase in passenger numbers reflects the trust of travelers in the Airport, as they have a satisfactory experience, prompting them to repeat the experience and elevating the airport’s status among the world’s most important airports.

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What Capabilities Does Istanbul Airport Possess?

One of the Istanbul new airport halls in gray
  • Cargo area covering 1.4 million square meters.
  • Cargo capacity of 5.5 million tons.
  • Maintenance and repair area of 700,000 square meters.
  • 143 Trolleys with Passenger Disembarkation Stairs
  • Over 600 elevators, escalators, and moving walkways.
  • More than 20,000 waiting chairs.

Global Awards Earned by Istanbul Airport

One of the halls of  Airport, and in the middle there is a small square with the words “Istanbul” written in red and white

Since its opening, Istanbul Airport has achieved record-breaking numbers and significant success in passenger traffic and flight numbers, in addition to receiving numerous international awards, including:

  • Best Airport in Europe Award in 2023.
  • Best Airport in the World Award from the readers of the American travel magazine Global Traveler in 2023.
  • First place in the Best Airports in the World by Conde Nast Traveler magazine in 2022.
  • 5 star rating from the International Air Transport Organization Skytrax in 2022.
  • Best Airport in Europe from ACI Europe Awards in 2021.
  • Second Best Airport in the World by the international magazine Travel and Leisure in 2021.
  • First-place award as the Best Airport in the World from the international magazine International Airport Review in 2019.

The Impact of Istanbul Airport on the Future of Real Estate in Yenişehir

The Bosphorus Strait is connected by a suspension bridge with buildings and green spaces on both sides

The Airport is considered a part of a larger project known as the “Great Istanbul Project” which involves the construction of a new international airport and building a new city that has the same name near the airport, “Yenişehir” in Turkish,  translates to the new city.

Do not hesitate to visit: The New Istanbul Canal and important information about it

The presence of Airport in Arnavutköy raises the investment value of this region and near areas, such as Başakşehir, which is experiencing a significant flow of investment and development. This is due to its strategic geographic location and proximity to major transportation hubs, allowing investors to benefit from easy access to major highways, railways, and air travel.

Seize the investment opportunities near the new Istanbul Airport, one of the largest airports globally, by exploring the investment possibilities offered by Sedad Real Estate Group.

Sources

Anadolu Agency , CNN , TRT

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