Prices of apartments in Istanbul in USD and Saudi riyal

Complete guide to average prices of apartments in Istanbul 2020. Updated information and details from Imtilak Real Estate including the areas of Esenyurt, Basaksehir, Beylikduzu, and some areas of the Asian side of Istanbul

Prices of apartments in Istanbul in USD and Saudi riyal
4,644
2020-03-05 Last update 2020-05-29

Prices of apartments in Istanbul in USD and Saudi riyal

In recent years, the real estate in Turkey has turned into a popular market due to several laws approved by the Turkish government, these laws have opened the door for real estate ownership to foreign investors, through incentives at least described as attractive incentives, not only that, these laws have turned the real estate ownership into a simple equation that intrigued many investors to solve it: Real estate ownership in Turkey = Turkish Citizenship, in other words, own a property in Turkey and obtain its nationality.

The demand for real estate is still clearly increasing until the moment, as indicated by the figures and statistics issued by the Turkish statistics institutions day after the other based on the most accurate details about the prices of apartments in Istanbul and the types of real estate sold and the types of buyers, in addition to other important statistical information.

Often in Imtilak Real Estate we receive many questions about the current prices of apartments in Istanbul Turkey, and based on our active role in the Turkish real estate market, we will go in a pleasant and useful real estate tour through which we learn about the average prices of apartments in Istanbul in Saudi Riyals and US dollars, and we will answer many of the questions we have been receiving regarding real estate ownership in Turkey, to form a clear picture about the subject from all its aspects.

What is the average apartment price in Istanbul in dollars?

No doubt that every area of Istanbul has its own characteristics, in terms of property types, features, services, and transportation, in addition to its location on the Asian part of the city or the European part, and where it is specifically located.

When searching for a new property in Istanbul, the price differences get clear, which is what we try to illustrate in the following lines:

Apartment price in Beylikduzu

What are the most important elements of determining the apartment price in Istanbul?

In terms of location and views:

  1. Distance and proximity to City center.
  2. How much the property is near or far from the main transports, such as the airport, metro lines, Metrobus, or the important streets and roads.
  3. Proximity and distance from tourist placessuch as lakes, public parks, and archaeological sites of famous mosques, palaces, ancient castles, museums, and other entertainment places.
  4. The location of the property near the important major projects, which affects the importance of the location and increases the prices of its properties, such as the Istanbul Canal, Istanbul Airport, and the Commercial malls of Istanbul. As these real estates witnessed a clear rise in their prices.
  5. Attractive views, like when the property is located in a coastal area and has a sea view.
Cheapest prices of apartments in Istanbul

In terms of property specifications:

  1. The ageof the building or real estate, where determining the real estate price depends mainly on its construction life, and of course, the new real estates are more expensive than the old ones.
  2. Specifications and finishes of the property, where prices of the low-serviced properties or the ones with poor finishes are not equal to their high-quality counterparts.
  3. The property's location in the building, the residential complexes, for example, have many facilities like swimming pools, clubs, restaurants, and central heating services, while the property that is located in a normal building has none of these services.
  4. The historic value of the building: Istanbul’s ancient real estate or homes and palaces that have historical value and offered for sale in this authentic city; have exceptional values that cannot be measured as usual. The prices of some of these palaces can be very high, creating a very large profit opportunity for investors.
Average apartment price in Istanbul in Saudi riyals

How to calculate the average real estate price in Istanbul?

 Calculating the average price of an apartment in Istanbul or a real estate in any area, as is the case in calculating the average price of any commodity, is based on studying the mathematical arithmetic average, through which it is possible to extrapolate the average limit of the popular prices in the market.

It is known that the arithmetic mean is defined as being equal to the sum of the numerical values of each and every observation divided by the total number of observations.

According to the latest statistics in 2020: The price of a square meter of apartments in Istanbul ranges between $347 and $781 in the areas where we inquired about the most recent prices, regardless of the condition of the property whether it is new or old. This number can rise up to $1,200 in some modern areas and to doubles of that number in the most important areas of the city, also, the value of each property varies according to the location and specifications as well as the aforementioned elements.

To get the most out of this and in order to not prolong explanation, in the following paragraph we provide the average prices of apartments in Istanbul in dollars, Saudi riyals, and Turkish lira, with some other data that helps those interested in knowing the prices of Istanbul real estate.

Prices of apartments in the asian part of Istanbul

What is the average apartment prices in Istanbul in Saudi riyals?

Apartment price in Beylikduzu

The area of Beylikduzu is located on the European side of Istanbul, it is known for its giant modern projects, wide streets, and luxurious residential complexes with beautiful views over the Marmara Sea or Kucukcekmece Lake.

Beylikduzu today is living a glittering urban scene with its luxurious projects that compete with the most beautiful European real estate.

The following table shows the average apartment price in Beylikduzu in dollars and Saudi riyals next to the Turkish lira.

Beylikduzu area - The European part of Istanbul

Currency

Average price per square meter

The average price of an apartment with 100 meters of space

Turkish Lira

2,454

184,013 / 306,700

Saudi Riyal

1,512

113,346 / 188,917

USD

403

30,211 / 50,353

And one of our most important real estate projects in Beylikduzu:

Sedef Marmara project IMT-145

The features of Sedef Marmara Project:

  1. It is located on Marmara Seashore in the upscale Beylikduzu area near the E5 highway, which is considered the backbone of Istanbul city, making it one of the most important investment opportunities in Istanbul and one of the best options for those wishing to own apartments for sale in Istanbul near the sea, where you can invest in apartments and villas after owning them by renting them for a relatively high return.
  2. Wonderful landscapes surround the project.
  3. The project is surrounded by many educational institutions, commercial, and service centers, and many restaurants.
  4. Apartment models are suitable for families with large spaces.

    Prices for apartments in Esenyurt Istanbul
  5. Parks, and swimming pools (indoor and outdoor) for adults and children.
  6. Indoor parking lots.
  7. Hotels, restaurants, and cafes on the sea within the project.
  8. Fitness centers, sauna, and children's playgrounds.
  9. Basketball and tennis courts.
  10. Security protection around the clock.



Number of rooms and salons

Spaces start at

Number of Baths

USD Price‏ ‏starts at

Saudi Riyal Price‏ ‏starts at

3+1

209 M²

2

371,000

1,398,000

4+1

208 M²

2

427,000

1,608,000

Apartment Price in Istanbul

Esenyurt area is considered one of the active areas regarding real estate at the west of the European part of Istanbul, which has become known for its affordable real estate.

Through the following table, you can see the latest average prices of apartments in Esenyurt Istanbul 2020:

Esenyurt Area - The European part of Istanbul

Currency

Average price per square meter

The average price of an apartment with 100 meters of space

Turkish Lira

2,277

170,808 / 284,700

Saudi Riyal

1,403

105,212 / 175,366

USD

374

28,042 / 46,741

Apartment Price in Basaksehir - The New Istanbul

Basaksehir or, the New Istanbul as some people like to call it, is the most modern urban regions of Istanbul with its important areas such as Kayasehir,  Ispartakule, and Bahcesehir which contain many classy real estate projects.

The region has gained great importance over the past years, in parallel with the increased demand over its real estate that has gained the attention of the Arabs in particular due to its modern construction in addition to being close to the Arab environment in terms of the ethics of its residents and its character, also, the new Istanbul Canal project which is being planned for; is crossing the area, giving its real estate exceptional importance and putting their value next to the values of the luxurious real estate of the Bosphorus.

Basaksehir Area- The European part of Istanbul

Currency

Average price per square meter

The average price of an apartment with 100 meters of space

Turkish Lira

4,391

329,350 / 548,900

Saudi Riyal

2,705

202,869 / 338,105

USD

721

54,072 / 90,116

One of our most important real estate projects in the Basaksehir Area:

Istanbul Housing Project (3) IMT-95

Features of Istanbul in the famous Basaksehir:

  1. It is located in Basaksehir municipality which is considered one of the best investment areas in Istanbul, it is characterized by its strategic location near Istanbul Airport.
  2. The project location is special and close to the botanical garden which is the largest botanical garden in Turkey, and next to the new government square that has twice the area of Taksim Square, and which will contain many important social institutions and parties.
  3. The project is one minute away from the largest medical city in Europe.

    Buy apartment in Istanbul
  4. The project area is vital and provides all the supplies that the project residents need.
  5. The project is considered a real investment opportunity due to the projects surrounding it such as the Square, the medical city, the botanical garden, and the metro station which will all be ready within two years.
  6. The project is guaranteed by the Turkish government.
  7. The project is near the Selahattin Mosque, the second largest mosque in Istanbul city.
  8. Separate indoor and outdoor swimming pools for men and women.
  9. Turkish bath, sauna, and steam room.
  10. Gym.
  11. Basketball court, tennis court, and mini football field.
  12. Entertainment halls within the project, such as a billiard hall and a table tennis hall.
  13. Green spaces, children's playground, and walking and sport routes.
  14. Nearby schools.
  15. Earthquake-resistant building bases.
  16. A mosque within the project.
  17. Security protection and surveillance cameras around the clock.

Number of rooms and salons

Spaces start at

Number of Baths

USD Price‏ ‏starts at

Saudi Riyal Price‏ ‏starts at

2+1

98 M²

2

150,000

562,000

3+1

161 M²

2

184,000

690,000

4+1

200 M²

2

251,000

941,000

Prices of apartments in the Asian part of Istanbul

The Asian part of Istanbul attracts many investors who aspire to luxurious accommodations because the Asian section contains very class and sophisticated real estate projects.

Buy an apartment in Turkey

The prices of apartments in the Asian part of Istanbul vary according to each area and its importance, and one of the most important areas of the Asian part of the city is the upscale: Uskudar Area.

Uskudar Area - The Asian part of Istanbul

Currency

Average price per square meter

The average price of an apartment with 100 meters of space

Turkish Lira

4,757

356,756 / 594,600

Saudi Riyal

2,930

219,750 / 366,254

USD

781

58,571 / 97,620

In addition to the important area of Maltepe:

Maltepe - The Asian part of Istanbul

Currency

Average price per square meter

The average price of an apartment with 100 meters of space

Turkish Lira

4,368

327,628 / 546,000

Saudi Riyal

2,690

201,808 / 336,318

USD

717

53,790 / 89,640

 One of our most important projects in the Asian part of Istanbul:

Artash Housing Project IMT-401

Features of Artash Housing Project:

  1. One of the most distinguished projects in Anatolia (the Asian part of Istanbul) - Umraniye area.
  2. The project is located in a very important centric location that makes transportation from it to all other regions an easy thing.
  3. Only one kilometer away from the TEM Highway and 7 km away from E5 highway.

    Apartments for sale in Turkey
  4. 300 Meters away from the Cakmak Metro Station and 200 meters away from theYamanevler Metro Station.
  5. 550 Meters away from Kanpark, 1.5 km to Meydan Mall, 2 km to IKEA, 2.2 km to Boyka, 7 km to the Capitol.
  6. The project is 7 km away from the 15 July Martyrs Bridge, and 13.7 km from the Fatih Sultan Mehmet Bridge.
  7. A commercial square overlooks the road directly below the office buildings in Yamanevler neighborhood.
  8. Surrounded by all vital facilities, hospitals, and schools.
  9. Indoor pool and another for children.
  10. Walking tracks and children's playgrounds.
  11. Turkish bath and fitness center.
  12. Football, basketball, and tennis courts.
  13. Decorated water pools.
  14. Water tanks, modern elevators, and backup electricity generators.
  15. Central heating.
  16. Surveillance cameras and a security system.

Number of rooms and salons

Spaces start at

Number of Baths

USD Price‏ ‏starts at

Saudi Riyal Price‏ ‏starts at

1+1

76 M²

1

98,000

365,000

2+1

108 M²

1

135,000

507,000

3+1

164 M²

2

193,000

722,000

4+1

216 M²

2

261,000

980,000

Cheapest prices of apartments in Istanbul

When asking or searching for the cheapest prices for apartments in Istanbul, we advise our customers to search for their appropriate options in the areas that are currently experiencing a new real estate revolution, which is what we really help them to get.

Those looking for an opportunity to own a special real estate find many attractive options with good prices in a project promoted by Imtilak Real Estate company, through contacting our expert advisors in the Turkish real estate affairs, while providing the most important real estate advice and free consultations along with our aftersale services, as well as the follow-up services of the Turkish citizenship file for those who buy real estate valued at more than 250 thousand US dollars, and many other services, to help you in owning one of the real estates of the beautiful Turkey safely.

 

Edited by: Imtilak Real Estate©

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