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Arnavutköy: The Future of Investment in Istanbul
Project
Information
Client:
Republic of Turkey Prime Ministry Investment Support and Promotion Agency (ISPAT)
Sector:
Real Estate Development
Start Date:
Aug 04, 2026
Expected Completion Date:
May 04, 2027
Cost:
USD 838,000
Project Description
Land Description and Features
- Land area: 374 m²
- Prime location close to the metro
- Vibrant and upscale area
- A park is located behind the property
- Floor Area Ratio (FAR): 0.95
- Residential zoning permit for 4 floors
- Located on a main road
- Number of apartments: 8
Basic Information
| Item | Information |
|---|---|
| Project type | Residential apartment building |
| Number of residential units | 8 |
| Land area (m²) | 374 |
| Total construction area (m²) | 1,078 |
| Project duration (months) | 9 |
Cost Calculations
US Dollars
| Item | Cost (USD) |
| Total land cost | $320,000 |
| Apartment construction cost | $476,000 |
| Basement construction cost | $42,000 |
| Total construction cost | $518,000 |
| Total cost — land and construction | $838,000 |
Projected Sales
| Unit Type | Number of Units | Unit Price ($) | Total |
| 3+1 | 6 | $140,000 | $1,080,000 |
| 2+1 | 2 | $120,000 | $240,000 |
| Total | 11 | — | $1,080,000 |
Profit Calculations
| Item | Amount (USD) |
| Total sales | $1,080,000 |
| Net profit | $242,000 |
| Net profit after deducting the development company’s 30% share | $169,400 |
| Overall profit margin | 29% |
| Investor’s net profit margin | 20% |