The importance of real estate investment near the new Istanbul Canal
Real Estate Blog

The importance of real estate investment near the new Istanbul Canal

Created: 2022-12-30 Modified: 2023-11-24 Views: 904 Luxury Signature Admin
Font Size :

The Turkish government seeks to take its place among the greatest countries in the world in which huge and gigantic projects grow continuously, attracting attention, making a quantum leap, enhancing the country’s economy, and jumping with infrastructure and urban renaissance to the top, in order to achieve the 2023 vision, set by Turkish President Recep Tayyip Erdogan in order to the advancement of Turkey and its economy. A large number of projects have been completed, while others are still under construction and implementation. Among these projects were airports, highways, Bosphorus bridges, subways, and metros, which were built perfectly and with remarkable development in accordance with modern technical and electronic systems.

 

The new Istanbul Canal comes as one of the giant projects undertaken by the Turkish government for the development of the country, and the Turks describe it as the “project of the century.” Turkish President Recep Tayyip Erdogan and officials in the Istanbul municipality have stated that the construction of the Istanbul Canal will cost 75 billion Turkish liras. New Istanbul Canal project started in 2011 and work is still ongoing on the project.

 

What is the new Istanbul Canal?

- The new Istanbul Canal project began in 2011 through the announcement of the President of Turkey, Recep Tayyip Erdogan, about the canal project. Work is still ongoing on the project, and the project is scheduled to open in 2023.

- Istanbul Canal has a distinguished strategic location, as it connects the Sea of Marmara and the Black Sea. The length of the canal is 45 km (28 miles), its depth is 20.75 meters (68.1 feet), and its width will be 360 meters (1.180 feet) on the surface and 275 meters (902 feet) underground. The canal will make its way starting from Kucukcekmece Lake, passing through the Basaksehir area, and ending in the Arnavutkoy area.

- The new Istanbul Canal will be parallel to the Bosphorus Strait, and it was even called the New Bosphorus, where 8 bridges will be built along the corridor of the new canal, and many water cities will be built, in addition to the construction of two artificial islands within the New Istanbul Canal using the excavated soil of the canal.

- A huge logistics center and port will be built with an area of 2 million square meters at the entrance of the canal from the Black Seaside. This center will be one of the largest logistics centers in Turkey and will be linked to the main port of Istanbul located on the coast of Beylikduzu.

- The objective of establishing Istanbul Canal is to reduce environmental pollution, reduce the traffic burden for ships on the Bosphorus Strait, and reduce the risks and dangers associated, in particular, with oil tankers. It is expected that the canal will allow the passage of 160 ships per day, which will help facilitate the movement of international ships and increase commercial and economic movement in Turkey.

- New earthquake-resistant residential areas will be established along the canal.

 

The importance of real estate investment near the new Istanbul Canal

- The new Istanbul Canal project had a major role and a clear impact in increasing the investment movement in Istanbul in general and around the canal area in particular.

- The areas near Istanbul Canal are among the most promising areas that offer tremendous investment opportunities, as the area is witnessing interest from the Turkish government, which has spent billions of dollars on this huge project.

- The new Istanbul Canal is located within walking distance of Istanbul Airport and the city center. This strategic location has increased the importance of the area and its investment value.

- Many tourism and commercial projects will be built around the new Istanbul Canal area, which in turn will increase the value of investment in the area.

- If you are looking for a long-term investment, or you are looking to invest in real estate in Istanbul for the long term, then buying an apartment near the new Istanbul Canal is the perfect choice for you.

 

LS52: Residential apartments in Kucukcekmece under-construction

We offer you a living space beyond imagination with 70 independent villas and 2280 residential units in styles from 1+1 to 4+1, wide green spaces, carefully organized landscaping, privileges that will add value to your life, from social and cultural activities, engineering and architectural features, quality and comfort that will accompany you. in every moment.

If you dream of a peaceful future with your loved ones, your dream will come true in this project. Happiness and beauty will accompany you every moment. When you take a deep breath in the greenery or watch the moon shine in the sky, you will feel the value of time and look to tomorrow with more hope.

LS63: New project in a well-developed residential center

New project, in the modern side of Istanbul, and the new attraction center of the city.

This project has a value proven strategic location, in a well-planned area, and a well-developed residential center.

The special location of the project, nearby universities, schools, hospitals, and shopping malls, it is also connected with main roads and public transportation lines.

The project is promising a high potential rental income, as it is located at one of the most demanded areas from foreign investors.

LS32: Residential and investment project near Kucukcekmece Lake

The 152 flats offered for sale in this project are waiting for their buyers. 

The project has been developed on an area of ​​8000 square meters with 2 blocks and 8 commercial units, the project offers the best opportunities for you. 

The common point of all houses is a quality life and at the same time a profitable real estate investment opportunity. 

The project invites you to the summit with its unique location and opportunities. It is located in the center of Istanbul, on the European side. 

Istanbul Airport, 3rd bridge connection roads, metrobus and metro stations are also very close to the project. 

At the same time, the project, which is right next to Canal Istanbul, is right next to hospitals, educational institutions, markets, and shopping centers.

Frequently asked questions

Where is the new Istanbul Canal located?

Canal Istanbul has a distinguished strategic location, as it connects the Sea of Marmara and the Black Sea. The length of the canal is 45 km (28 miles), its depth is 20.75 meters (68.1 feet), and its width will be 360 meters (1,180 feet) on the surface and 275 meters (902 feet) underground. The canal will make its way from Kucukcekmece Lake, passing through Basaksehir, and ending in Arnavutkoy.

What is the purpose of establishing the new Istanbul Canal?

The objective of establishing the Istanbul Canal is to reduce environmental pollution, ease the traffic burden of ships on the Bosphorus Strait, and reduce the risks and dangers associated in particular with oil tankers. The canal is expected to provide the possibility of 160 ships passing daily, which helps to facilitate the movement of international ships and increase the commercial and economic movement in Turkey. .

What is the importance of real estate investment near the new Istanbul Canal?

Many tourism and commercial projects will be built around the new Istanbul Canal area, which in turn will increase the value of investment in the region.

ls contact us en