{"id":21988,"date":"2024-02-09T06:58:33","date_gmt":"2024-02-09T06:58:33","guid":{"rendered":"https:\/\/ggiturkey.com\/?p=21988"},"modified":"2024-05-02T09:08:39","modified_gmt":"2024-05-02T09:08:39","slug":"investment-significance-of-lands-surrounding-the-istanbul-waterway-project","status":"publish","type":"post","link":"https:\/\/ggiturkey.com\/real-estate-news\/investment-significance-of-lands-surrounding-the-istanbul-waterway-project\/","title":{"rendered":"Investment Significance of Lands Surrounding the Istanbul Waterway Project"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_69_1 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/ggiturkey.com\/real-estate-news\/investment-significance-of-lands-surrounding-the-istanbul-waterway-project\/#Overview_of_the_Istanbul_Waterway_Project\" title=\"Overview of the Istanbul Waterway Project:\">Overview of the Istanbul Waterway Project:<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/ggiturkey.com\/real-estate-news\/investment-significance-of-lands-surrounding-the-istanbul-waterway-project\/#Project_Goals\" title=\"Project Goals:\">Project Goals:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/ggiturkey.com\/real-estate-news\/investment-significance-of-lands-surrounding-the-istanbul-waterway-project\/#Projects_Associated_with_the_Istanbul_Waterway\" title=\"Projects Associated with the Istanbul Waterway:\">Projects Associated with the Istanbul Waterway:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/ggiturkey.com\/real-estate-news\/investment-significance-of-lands-surrounding-the-istanbul-waterway-project\/#Impact_on_Surrounding_Areas_and_Lands\" title=\"Impact on Surrounding Areas and Lands:\">Impact on Surrounding Areas and Lands:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/ggiturkey.com\/real-estate-news\/investment-significance-of-lands-surrounding-the-istanbul-waterway-project\/#Investment_Opportunities\" title=\"Investment Opportunities:\">Investment Opportunities:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/ggiturkey.com\/real-estate-news\/investment-significance-of-lands-surrounding-the-istanbul-waterway-project\/#New_City_Yeni_Sahir_in_Istanbul\" title=\"New City Yeni Sahir in Istanbul:\">New City Yeni Sahir in Istanbul:<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/ggiturkey.com\/real-estate-news\/investment-significance-of-lands-surrounding-the-istanbul-waterway-project\/#Advantages_of_Real_Estate_Ownership_in_the_Surrounding_Areas\" title=\"Advantages of Real Estate Ownership in the Surrounding Areas:\">Advantages of Real Estate Ownership in the Surrounding Areas:<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/ggiturkey.com\/real-estate-news\/investment-significance-of-lands-surrounding-the-istanbul-waterway-project\/#Price_Trends\" title=\"Price Trends:\">Price Trends:<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<p>The &#8220;Istanbul Waterway <strong><a href=\"https:\/\/ggiturkey.com\/properties\/\">Project<\/a><\/strong>&#8221; stands as the largest government development project in Turkey. Initiated in 2016.<\/p>\n<p>the project officially commenced in June 2022, aiming to create a water channel connecting the Marmara Sea to the Black Sea.<\/p>\n<p>easing maritime traffic and reducing pressure on the environmentally sensitive Bosphorus Strait.<\/p>\n<p>&nbsp;<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Overview_of_the_Istanbul_Waterway_Project\"><\/span><strong>Overview of the Istanbul Waterway Project:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li>Part of Turkey&#8217;s Vision 2023, the project is expected to be completed by 2027. It involves a water channel connecting.<\/li>\n<li>the Marmara Sea to the Black Sea, passing through the Kucukcekmece Lake, dividing the European side of Istanbul into two sections along the Bosphorus Strait.<\/li>\n<li>The Istanbul Waterway is positioned as a technologically advanced alternative to the Bosphorus, featuring modern construction elements.<\/li>\n<li>and the development of new cities along its banks.<\/li>\n<li>Stretching 45 km through areas like Kucukcekmece, Esenyurt, Bahcesehir, <strong><a href=\"https:\/\/ggiturkey.com\/properties\/air-basaksehir\/\">Basaksehir<\/a><\/strong>, and Arnavutkoy, the canal is 275 meters wide and 20.75 meters deep.<\/li>\n<\/ul>\n<p style=\"text-align: center\"><img fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter wp-image-21999 size-full\" src=\"https:\/\/ggiturkey.com\/wp-content\/uploads\/2024\/02\/\u0645\u0634\u0631\u0648\u0639-\u0642\u0646\u0627\u0629-\u0625\u0633\u0637\u0646\u0628\u0648\u0644.jpg\" alt=\"\u0645\u0634\u0631\u0648\u0639 \u0642\u0646\u0627\u0629 \u0625\u0633\u0637\u0646\u0628\u0648\u0644\" width=\"1280\" height=\"720\" srcset=\"https:\/\/ggiturkey.com\/wp-content\/uploads\/2024\/02\/\u0645\u0634\u0631\u0648\u0639-\u0642\u0646\u0627\u0629-\u0625\u0633\u0637\u0646\u0628\u0648\u0644.jpg 1280w, https:\/\/ggiturkey.com\/wp-content\/uploads\/2024\/02\/\u0645\u0634\u0631\u0648\u0639-\u0642\u0646\u0627\u0629-\u0625\u0633\u0637\u0646\u0628\u0648\u0644-300x169.jpg 300w, https:\/\/ggiturkey.com\/wp-content\/uploads\/2024\/02\/\u0645\u0634\u0631\u0648\u0639-\u0642\u0646\u0627\u0629-\u0625\u0633\u0637\u0646\u0628\u0648\u0644-1024x576.jpg 1024w, https:\/\/ggiturkey.com\/wp-content\/uploads\/2024\/02\/\u0645\u0634\u0631\u0648\u0639-\u0642\u0646\u0627\u0629-\u0625\u0633\u0637\u0646\u0628\u0648\u0644-768x432.jpg 768w\" sizes=\"(max-width: 1280px) 100vw, 1280px\" \/><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Project_Goals\"><\/span><strong>Project Goals:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>The Turkish government aims to facilitate commercial ship traffic between Europe and Africa, diverting it from the Bosphorus.<\/li>\n<li>which has become environmentally risky due to a significant increase in the number of ships. Opening the canal is expected to attract commercial ships.<\/li>\n<li>sharing the maritime traffic burden with the Bosphorus.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Projects_Associated_with_the_Istanbul_Waterway\"><\/span><strong>Projects Associated with the Istanbul Waterway:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>Beyond creating a water passage, the government plans to build ten bridges along the canal, making transportation more convenient.<\/li>\n<li>Additionally, new residential cities and large complexes accommodating up to half a million residents are part of the development.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Impact_on_Surrounding_Areas_and_Lands\"><\/span><strong>Impact on Surrounding Areas and Lands:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>Areas surrounding the Istanbul Waterway, such as Avcilar, Esenyurt, Kucukcekmece, Bahcesehir, and Basaksehir.<\/li>\n<li>are experiencing a positive impact on investment value. The completion of the project is expected to further increase the value of properties and lands in these areas.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Investment_Opportunities\"><\/span><strong>Investment Opportunities:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li><strong><a href=\"https:\/\/ggiturkey.com\/investment-in-turkiye\/government-facilitation-for-foreign-investors-in-turkey\/\">Investors<\/a><\/strong>, both local and foreign, are acquiring shares in lands and properties near the Istanbul Waterway.<\/li>\n<li>The region is transforming into the new center of Istanbul, and property prices are expected to rival those in current Istanbul centers like Besiktas and Sisli.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h3><span class=\"ez-toc-section\" id=\"New_City_Yeni_Sahir_in_Istanbul\"><\/span><strong>New City Yeni Sahir in Istanbul:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>Simultaneously with the excavation of the Istanbul Waterway, new city projects, including &#8220;Yeni Sahir&#8221; or &#8220;New City,&#8221; have begun in Turkey within the canal&#8217;s vicinity.<\/li>\n<li>particularly in the Arnavutkoy region, adjacent to the Istanbul International Airport.<\/li>\n<\/ul>\n<p style=\"text-align: center\"><img decoding=\"async\" class=\"aligncenter wp-image-21998 size-full\" src=\"https:\/\/ggiturkey.com\/wp-content\/uploads\/2024\/02\/\u0642\u0646\u0627\u0629-\u0625\u0633\u0637\u0646\u0628\u0648\u0644.jpg\" alt=\"\u0642\u0646\u0627\u0629 \u0625\u0633\u0637\u0646\u0628\u0648\u0644\" width=\"1280\" height=\"720\" srcset=\"https:\/\/ggiturkey.com\/wp-content\/uploads\/2024\/02\/\u0642\u0646\u0627\u0629-\u0625\u0633\u0637\u0646\u0628\u0648\u0644.jpg 1280w, https:\/\/ggiturkey.com\/wp-content\/uploads\/2024\/02\/\u0642\u0646\u0627\u0629-\u0625\u0633\u0637\u0646\u0628\u0648\u0644-300x169.jpg 300w, https:\/\/ggiturkey.com\/wp-content\/uploads\/2024\/02\/\u0642\u0646\u0627\u0629-\u0625\u0633\u0637\u0646\u0628\u0648\u0644-1024x576.jpg 1024w, https:\/\/ggiturkey.com\/wp-content\/uploads\/2024\/02\/\u0642\u0646\u0627\u0629-\u0625\u0633\u0637\u0646\u0628\u0648\u0644-768x432.jpg 768w\" sizes=\"(max-width: 1280px) 100vw, 1280px\" \/><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Advantages_of_Real_Estate_Ownership_in_the_Surrounding_Areas\"><\/span><strong>Advantages of Real Estate Ownership in the Surrounding Areas:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>&nbsp;<\/p>\n<ol>\n<li>Development of entirely new residential areas with the latest construction technologies.<\/li>\n<li>The strategic location of the Istanbul Waterway and its surrounding lands within a secure seismic green zone.<\/li>\n<li>Buildings and properties in the vicinity incorporate earthquake-resistant measures and high-quality materials.<\/li>\n<li>Beautiful views from apartments overlooking the canal, green spaces, and bridges similar to Bosphorus views.<\/li>\n<li>Arab and foreign investors have started to invest in these areas due to their <strong><a href=\"https:\/\/ggiturkey.com\/real-estate-news\/the-return-on-investment-in-turkish-real-estate\/\">investment<\/a> <\/strong>potential.<\/li>\n<\/ol>\n<p>&nbsp;<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Price_Trends\"><\/span><strong>Price Trends:<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li>According to the Golden Group, the price per square meter for lands around the Istanbul Waterway starts at $125.<\/li>\n<li>Factors like land specifications and proximity to the canal influence the price, with the overall square meter price in Turkey ranging between $200 and $1000.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p>Investment experts predict that <strong><a href=\"https:\/\/ggiturkey.com\/properties\/\">property<\/a> <\/strong>prices in the areas surrounding the Istanbul Waterway will continue to rise, potentially exceeding 500% between 2020 and 2023.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The &#8220;Istanbul Waterway Project&#8221; stands as the largest government development project in Turkey. Initiated in 2016. the project officially commenced in June 2022, aiming to create a water channel connecting the Marmara Sea to the Black Sea. easing maritime traffic and reducing pressure on the environmentally sensitive Bosphorus Strait. &nbsp; Overview of the Istanbul Waterway [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":24270,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[143,197,241,270,342,378],"class_list":["post-21988","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate-news","tag-investment","tag-property","tag-project","tag-investors","tag-basaksehir","tag-yeni-sahir-in-istanbul"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Investment Significance of Lands Surrounding the Istanbul Waterway Project - Golden Group Investment<\/title>\n<meta name=\"description\" content=\"The &quot;Istanbul Waterway Project&quot; stands as the largest government development project in Turkey. 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