Last Updated on 14/10/2022

Eyupsultan, an important hub for real estate investment in Istanbul

 

Eyupsultan is a popular district on the European side of Istanbul. The area has significant historical and religious value. In fact, it gets its name from Abu Ayub al Ansari, one of the Prophet Mohammed  companions, who passed away and was buried there. His tomb that still exist today, constitutes a valuable landmark. However, nowadays, above this historical importance, Eyupsultan district starts to attribute an important urban value and become one of the preferred destinations for real estate investment in Istanbul.

Location

The region extends from the shore of the Black Sea to the Golden Horn. The district’s renowned neighborhood and former village, known as Eyupsultan, is situated at the intersection of the Kağıthane and Alibeyköy streams close to the head of the Golden Horn.

The neighborhood is bordered to the east by Saryer, Kağıthane, and Beyoğlu, to the south by Gaziosmanpaşa, Bayrampaşa, Fatih, and Sultangazi, to the southwest by Başakşehir, and to the west by Arnavutköy. The Eyup neighborhood is only 3 kilometers from Fatih and 7 km from Taksim Square, two of the city’s most significant locations. Additionally, it is 37 kilometers from Istanbul Airport.

History

Eyupsultan was the first ottoman settlement established by the Turks outside the city’s walls after the conquest of Istanbul.

In the 17th Century, it became the main settlement area for refugees coming from Turkish communities. By that time, the construction of the factories started, and the area gained an important industrial value.

Meanwhile, the population growth and the continuous flow of pilgrims engendered the development of the shopping district around the mosque, and it is still active today.

In recent years, factories closed, and the area started to attract visitors and tourists from different parts of the world.

Moreover, the area has undergone important urban transformation projects, which increased remarkably the land value of the area and made it an appealing area for real estate investment in Istanbul.

What makes Eyup appealing for real estate investment

Infrastructure

Eyup district has a very developed infrastructure which increases its potential in terms of real estate investment in Istanbul. Large and well-organized streets were erected during its revitalization. Besides, it is connected to the E80 motorway, one of the main arteries of the transportation network inTurkey. The district also has various transportation opportunities, including cable cars that have become a tourist attraction.

Health Institutions

Turkey has, in general, a robust medical system that explains the solid medical infrastructure in the different cities and districts of the countries. In fact, Eyupsultan has very important healthcare equipment, both private and public. We can mention as an example Eyupsultan public hospital, one of the most popular healthcare institutions in the European side of Istanbul city.

Education Institutions

Eyupsultan has a very important situation near the most famous and prestigious universities. It includes the central campus of Istanbul Bilgi University, provides more than 150 courses in different specialties.

Moreover, it includes Private Haliç University near Eyupsultan, offering Turkish and English education in different fields. The university provides undergraduate, associate, and graduate programs 150 across its seven faculties.

Real Estate investment in  Istanbul: Eyup

Thanks to the government’s Urban transformation program, the Eyup area is getting an important land value with attractive investment potential. Besides its strategic location in the center of Istanbul, the Eyup area has all types of equipment necessary for daily needs. We can find many popular schools and universities in addition toprivate and public hospitals. Moreover, the district has a developed transportation network facilitating access to this district.  We would like to point out that Eyup area was one amon many other districts that underwent urban regeneration operations. We can cite Kağıthane,  Bomonti and Fikirtepe as examples.

Moreover, thanks to its religious and historical value, the area won vitality due to the shopping district around the mosque, and the continuous dynamic several tourists visit every day.

These features turned the Eyup district into a residential area, including several ongoing luxurious for-sale housing projects appealing to both local and foreign investors.  Our experienced consultants are available to provide you with complete details regarding our residential projects in Eyup.

Important neighborhoods in Eyup

Göktürk, a focus-destination for real estate investment in Istanbul

Göktürk is one of the most prominent neighborhoods in the Eyup district. It is special for its peaceful atmosphere suitable for residential projects with green sceneries surrounding it from all parts. The neighborhood includes the Göktürk nation park rich with different plants species and offering magnificent picnic and recreational areas. Besides, the neighborhood is close to the famous Belgrad forest and the Atatürk arboretum offering breathtaking landscapes.

Moreover, after the opening of the Istanbul Airport, situated only 20 minutes away from the Göktürk neighborhood, the area gained a significant land value. Both local and foreign investors started to head for it.

These facts explain the continuous housing price rise. M2 price increased 40% in only one year between 2021 and 2022, while rent prices had a 54.59% increase in the same period. These statistics are enough to consider the Göktürk as potential area for real estate investment in Istanbul with a high ROI.

Göktürk area includes all types of equipment necessary for a decent living standard, which is why a high-class population inhabits it. A+ and A classes constitute 56% of the inhabitants of Göktürk.

MEO Consultants experts are available to suggest examples of housing projects for sale in Göktürk.  You can get a risk-free initial consultation.

Kemerburgaz, a high urban value

Kemerburgaz is another important neighborhood in the Eyup district. It is one of the highest value-winning areas in all of Istanbul. The M2 sales price has increased by 147.85% in 8 years. Moreover, Rent m2 price has recorded a rise of 152% in the same period.

This real estate value comes from the luxurious housing projects and the various social facilities in the surroundings. Moreover, accessible transportation alternatives and the proximity to the airport boosted more the value of the area.

You can request suggestions for propertiesfor sale in Kemerburgaz.

Those who are interested in real estate investment in Istanbul in general and particularly in Eyup district, can get a complete advisory upon equest through a risk-free initial consultation.  They can also learn more about our services.