The Future of Investment in The Lands of Canal Istanbul
The announcement of the Canal Istanbul project, which the Turks call the (Project of the Century), sparked a widespread noise in the world of real estate investment, such a massive project must be accompanied by promising real estate projects that will benefit investors and revive the buying and selling movement in the lands of the canal. So what will the future of investment in the lands of Canal Istanbul be like? And why are investors turning their attention to it?!
Canal Istanbul Project
The Canal Istanbul project is located in an important and vital part of Istanbul, as the canal connects the Sea of Marmara in the south and the Black Sea in the north in the European part of Istanbul, and the lands extending on both banks of the canal form the new city “Yenişehir”.
Yenişehir
It is a smart city being built as a separate project from Canal Istanbul, but it reaps the benefit from the economic and tourism importance of the canal in a smart move through which the government aimed to make the most of the new canal.
While the city of Istanbul suffers from overpopulation, the new city will relieve pressure on the economic capital, as it has a capacity of 2.5 million people, with modern planning, large green spaces, wide roads, and earthquake-resistant systems.
The Most Important Areas of The New City Yenişehir
Canal Istanbul traverses through the lands of the new city “Yenişehir” and the most important areas along Canal Istanbul include:
Arnavutköy Neighbourhood
It is one of the most beautiful and largest areas in Istanbul, distinguished by its green spaces and clean air, the area started to gain a significant importance in the real estate investment sector after the announcement of the new Canal Istanbul project and the initiation of various projects, including Yenişehir projects in it, in addition to having the largest airport in Turkey and one of the largest airports in the world (Istanbul New Airport) on its territory.
Its features include:
- Located on the Black Sea coast
- The majority of Canal Istanbul extends over its lands.
- The northern entrance of Canal Istanbul, starting in an area called Yeniköy.
- The largest portion of Yenişehir will be built on it.
Küçükçekmece District
The area is distinguished by its view of the Sea of Marmara and a beautiful lake named after it “Küçükçekmece Lake”, it is one of the most developed areas in Istanbul, connecting the two major highways (E5 and TEM), and it has several universities, important commercial and industrial centers, and, of course, its proximity to the Project of The Century, the New Canal Istanbul project.
Başakşehir
Başakşehir is distinguished by its modern urban system, towering skyscrapers, advanced infrastructure, and the comprehensive health, social, and cultural services it provides. Therefore, you will find properties in this area are among the most expensive in Istanbul and highly sought after. Additionally, it is one of the closest areas to the new Istanbul Airport.
Avcılar
It serves as the main entrance to Canal Istanbul, located on the coast of the Sea of Marmara, it is distinguished by its strategic location and provides universities, schools, and entertainment places in it, in addition to the charming view of Küçükçekmece Lake.
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The Renaissance of Real Estate Investment in the Lands of Canal Istanbul
As mentioned earlier, large portions of the lands along Canal Istanbul are referred to as the new city “Yenişehir”, these lands have undergone several stages, starting with the announcement of the draft zoning plan of the lands in 2012 under the name “Yenişehir”, followed by many stages over the past years, including presenting opportunities for objections and researching them until the process of issuing announcements began one by one after the other, reaching the final stage with a 1/1000 scale of the zoning plan, indicating the precision of the urban plan. It includes numerous details, such as construction zones, types of construction (commercial, residential-commercial, towers), plus construction ratios (the percentage of construction allowed on the total land area), and infrastructure and roads.
Following that, there were promising decisions indicating the transformation of large parts of the lands in “Yenişehir” from agricultural status to a constructible status, officially entering the urban development phase.
Do not hesitate to visit: A plot of land for sale within the new city of Yenişehir
These developments have led to significant leaps in the value of the lands, prompting investors to rush and purchase land in the vicinity of Canal Istanbul.
And the reason is?!
- The announcement by the Turkish Ministry of Environment, Urbanization, and Climate Change on 29/12/2022, approving the reorganization of several lands in the Arnavutköy area. This is aimed at facilitating the construction of 3,750 residential units and another 23,500 units related to the government’s social housing project.
- The announcement by the Turkish construction company Toki regarding its first residential project in the Arnavutköy area, located within the village of Baklalı. The project consists of 716 residential units, with a total project value of 763 million Turkish Lira, and it is part of a series of projects through which Toki aims to build 600,000 residential units along the shores of Canal Istanbul.
- The announcement by the government-owned real estate development company, Emlak Konut, one of the most important and established real estate development companies in Turkey, about starting its first housing project in the Hacımaşlı area, a part of the new city “Yenişehir”.
- The signing of a contract by Emlak Konut in collaboration with Turkish Airlines, valued at 2.157 billion Turkish Lira, for the construction of residential complexes which consists of 12,585 residential units and 450 commercial units, covering an area of one million square meters in the lands of “Yenişehir”.
- The announcement by the Chinese e-commerce company Alibaba regarding its investment of over one billion dollars to build a logistics center at the new Istanbul Airport, located in the Arnavutköy area. This move is expected to have a positive impact on the future of investments in the lands surrounding the new Canal Istanbul.
Services in Yenişehir
Following the discussion of the massive residential projects in the new city “Yenişehir” it is essential to delve into the services the city will offer to its residents. These services contribute to enhancing the city’s appeal to investors, enabling it to compete with major European cities:
- A massive seaport on the coast of the Black Sea
- A logistics center next to Canal Istanbul
- Huge commercial, educational, tourist, and healthcare centers
- 6 suspended bridges connecting the two ends of Canal Istanbul
- The passage of the North Marmara Highway through the lands of Canal Istanbul, intersecting with it at the Sazlıdere Bridge
- Water parks, Botanical gardens, and zoo’s surrounding the canal
- Paths for walking and bikes
- 3 artificial islands built from excavated materials of Canal Istanbul
Read also: A plot of land for sale in Arnavutkoy within the Yenişehir district
How can I benefit from investment opportunities in the lands of Canal Istanbul?
We now know that the lands of the new Istanbul Canal are divided into three categories:
- Lands within regulation with issued construction permits (Arşa)
- Lands under regulation awaiting construction permits (Tarla(
- Agricultural lands (Tarla)
By looking at these categories, we find numerous and diverse investment opportunities in the canal area, where you can purchase land within regulation and invest in it for residential or commercial purposes, which is a highly profitable investment, as you will own an investment project in the modern city of Yenişehir.
Or you can buy land within regulation that has not yet received a construction permit. Taking advantage of this rare opportunity, once the construction permit is obtained, your capital will immediately multiply. Then, you can decide to either build the land or sell it after its value increases.
The third option is to buy a piece of agricultural land outside the regulation, which is the least expensive type of land, and then wait until Canal Istanbul project is completed and the new city of Yenişehir is built, where you can benefit from it through tourist huts, or wait until that land enters the regulation.
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You can also review the plans of Yenişehir city and check the land information through the Arnavutköy Municipality website, where you will clearly see the urban development that large parts of the new city have reached.
And the Advantages of Investing in The Lands of The New Canal Istanbul can be summarized in the following points:
- Distinctive strategic location
- Major construction companies such as Toki and Emlak Konut have begun implementing huge residential projects on the banks of the canal
- Advanced transportation, such as airport, bridges, railways, and the North Marmara Highway
- Expectations that Yenişehir will become the new center of Istanbul
- Following earthquake resistance standards in building the smart city “Yenişehir”
- Prices are now lower compared to the prices that the Canal lands are expected to reach
- Integrated services and advanced infrastructure
- The regulation reaching the second-to-last stage in extensive parts of the lands
SEDAD Real Estate Group accompanies you on your investment journey in the lands of Canal Istanbul, offering you exclusive deals at reasonable prices, and we are committed to providing all the services that assist you in making the best choice as we guide you through the inspection of the land, handling legal matters related to property transfer, and verifying the legal documents of the land. With SEDAD Group, your investment is safe.
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