Fuzul Yapı’s Barbaros48 Besiktas project is a highly anticipated luxury residential development located in Istanbul, Turkey.
The project has garnered attention for its unique panoramic views of both Asia and Europe, offering residents the opportunity to see the Bosphorus Strait from a 180-degree angle. The development is being built with the support of Emlak Konut GYO and is expected to be completed within 24 months.
The architecture of the Barbaros48 project is being handled by Mental Design Works, while the interior architecture is being overseen by Koray Yavuzer of KY Mimarlık. The project is designed with floor heights of 4.5 meters and will only include residential units, ranging in size from 100 to 350 square meters. There will be no office or shopping mall spaces within the development, making it a purely residential area. Prices for the units start at around $10,000, with 2+1 units starting at two parking spaces, 3+1 units starting at three parking spaces, and 4+1 units starting at four parking spaces. A separate area for guest parking has also been planned.
One of the standout features of the Barbaros48 Besiktas project is the infinity pool located on the top floor of the building. From the third floor upwards, all units will have panoramic views of the Bosphorus Strait and the historic Old Town district. The vice president of Fuzul Yapı’s Board of Directors, Zeki Akbal, has stated that the company’s goal is to create a project that is worthy of Istanbul and truly deserving of the title “ruler of the Bosphorus.” They have set up a meeting office for those interested in learning more about the project and have indicated that they will not be following an aggressive sales policy.
The real estate market in Istanbul has been growing in popularity among luxury property investors who are looking for secure, high-yield investments. This trend has been fueled in part by the high costs of property in Europe and America, as well as the pandemic-induced economic downturn. Many investors who might have previously been willing to pay $20,000 to $30,000 per square meter for luxury properties in the center of European cities like Geneva, Zurich, or London are now turning to Istanbul and Dubai, where they believe they can get higher returns on their investments in the future. This is due in part to the fact that these cities have not yet reached their full potential as prime real estate locations.
The Barbaros48 Besiktas project is well positioned to capitalize on this trend, offering investors the opportunity to own a luxury property in a city with a rich history and a bright future. The development’s prime location and panoramic views of the Bosphorus Strait make it a highly desirable place to live, and the high-quality construction and finishes of the units are sure to appeal to those looking for the very best in luxury living.
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