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Arnavutköy: The Future of Investment in Istanbul Land (Arsa)
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 1,040,000
Project Description
Land Description and Features
• Land area: 452 m²
• Prime location close to the metro
• Vibrant and upscale area
• A park is located opposite the property
• Floor Area Ratio (FAR): 0.95
• Residential zoning permit for four floors
• The plot has three frontages
• Number of apartments: 11
Basic Information
| Item | Information |
| Project type | Residential apartment building |
| Number of residential units | 11 |
| Land area (m²) | 452 |
| Total construction area (m²) | 1,360 |
| Project duration (months) | 9 |
Cost Calculations
(US Dollars)
| Item | Cost (USD) |
| Total land cost | $400,000 |
| Apartment construction cost | $590,000 |
| Basement construction cost | $50,000 |
| Total construction cost | $640,000 |
| Total cost (land and construction) | $1,040,000 |
Projected Sales
| Unit Type | Number of Units | Unit Price ($) | Total |
| 2+1 | 9 | $120,000 | $1,080,000 |
| 3+1 | 2 | $150,000 | $300,000 |
| Total | 11 | - | $1,380,000 |