Ritz Carlton apartments for sale in Nisantasi Istanbul
The title of today's article is very interesting, so, should we start with the well-known brand The Ritz-Carlton, and the cost of one night's stay in a suite of the Ritz-Carlton Istanbul is $ 400 even at non-peak times? Or should we start from Nisantasi Street, which is also well-known and considered the most luxurious neighborhood that includes abdi ipekçi street, which is famous for its higher apartment rents not only in Istanbul, but in all of Turkey.
We will leave the talk about the Ritz-Carlton brand and Nisantasi to the end of the article and we will immediately begin by defining the investment importance of today's project.
A residential investment project in the heart of European Istanbul is characterized by the following investment points:
1- Location: No person has ever visited Turkey for the purpose of tourism and the acquisition of luxury gifts and did not pass from Nisantasi Street of the municipality of Sisli in the heart of European Istanbul near Taksim Square, Istiklal Street, Galata Tower, Ortakoy Mosque, Dolmabahce Palace, and many five-star high-end hotels.
Lots of luxury international brands such as: Hugo Boss, Chanel, Louis Vuitton, Giorgio Armani, Cartier, Prada, Hermès, Gucci, Ermenegildo Zegna and Dior meets in Nisantasi district, which is a walking distance from our project, and some may think that this place is so central that all that surrounds you will be buildings, shopping streets and car congestion, and there is no nature or parks at all, but in fact the wonderful Macka Park is a walking distance to our project.
As for public transportation, the Osmanbey metro station is 800 meters from the project, and Sisli metro station is 1500 meters from the project. For those wishing to try the cable car, it is 1400 meters from the project and connects between Macka and Taskisla stations, passing over the park in the above picture.
From all of the above, we find that the location of the project is extremely ideal, as it is located in the already ideal Nisantasi area, and therefore it is suitable for those who want to live, for those wishing to invest, it is also feasible because the tenant who wants to have a home within all these advantages is ready to pay a high rent for sure.
2- Prices: Nisantasi area is one of the oldest areas in Istanbul and therefore we will find almost all of its old buildings and the old real estate is evaluated in it according to the opinion of its owners, and as it is a high-end central area, we will find for properties close to the highway the price per square meter starts from $ 5.400 up to $ 11.500 per square meter, as shown in the pictures below:
It is worth noting that these real estate prices are requested for them and there is something to obtain because they are literally priceless, whether for rent or for housing and the acquisition of an old house in the most prestigious neighborhood of Istanbul.
The important points in our project in Nisantasi is that, firstly, it is a modern project, secondly, with a Ritz-Carlton brand, and thirdly, the prices in it are now pre-launch prices in the market, so the price per square meter starts from only $ 4.300, although it has better advantages than the examples shown above, from the Turkish local market for real estate in Nisantasi.
Contact us to get an offer now from the project.
3- Investment feasibility: after we talked about the importance of the location and real estate prices in the area, this may be sufficient for those wishing to live in this wonderful neighborhood, but for those wishing to invest, the investment feasibility must be evaluated for this unique opportunity.
According to what we mentioned above, currently the initial price per square meter in the project is $ 4.300, and the minimum area for a room and hall is 110 square meters, so the price of the cheapest property at the time of writing the article is $ 473.000.
Now let's calculate the expected rental return for this property in order to get the ROI.
Ritz-Carlton apartments in Nisantasi are rented on a daily or weekly basis to obtain a high return compared to the Ritz-Carlton in Istanbul for a suite price for two people without a view for one night is $ 400.
If we calculate the fullness rate for this apartment is only 50% annually, knowing that this area is desired by tourists and businessmen throughout the whole year.
We'd find $ 400 a day for 182 days a year. The total would be $ 72.800 a year.
Thus, to reach the price of the property, we need approximately six and a half years, which means that the ROI is 15.38%, which is a very high rate compared to rents in Istanbul real estate, which in the best case is 8% as an annual return, but with a correct rental plan, an excellent location and a huge brand, this property will change the concept of rental return known in Istanbul.
Even if we assume a fullness rate of less than 50% (this is unlikely) or the daily rent being less than $ 400 and there may be expenses for managing the property with all of the above, the ROI will not be less than 12%, which is a very high rate not only in Istanbul, but in the whole world.
Also, upon resale, all the elements of a successful investment are available in this property from a distinguished location and being the only new project in the area, lack of competition and high demand for luxury properties with a Ritz-Carlton brand. Profits additional to the price at which he bought it, even if the valuation is done in foreign currencies.
Take advantage of the existing investment opportunity today and contact us to book your apartment in the Ritz-Carlton Nisantasi project.
We will mention the importance of the Ritz-Carlton brand and then talk about Nisantasi.
The Ritz-Carlton, LLC is an American multinational corporation that operates the luxury hotel chain known as The Ritz-Carlton. The company has 108 luxury hotels and resorts in 30 countries and territories with 29.158 rooms, in addition to 46 hotels with 8.755 rooms in preparation. The current company was founded in 1983, when the previous owners sold the brand name The Ritz-Carlton and The Ritz-Carlton Hotel in Boston, Massachusetts. The brand was later expanded to other sites. The company is a subsidiary of Marriott International.
The Ritz-Carlton Hotel sets the standard for rare and exclusive experiences of luxury around the world. From Bahrain to Bangladesh; From Kapalua to Kuala Lumpur, the ladies and gentlemen of The Ritz-Carlton, take pride in creating a wonderful stay so that the guest will remember the experience forever. With 108 hotels worldwide, The Ritz-Carlton enjoys a global reputation for its luxurious hotels, residences, golf courses, spas and award-winning restaurants.
Nişantaşı is a quarter of the Şişli district on the European side of Istanbul, Turkey. It comprises neighbourhoods like Teşvikiye, Maçka, Osmanbey and Pangaltı. A popular shopping and residential district, it is one of Istanbul's most exclusive neighbourhoods. The area includes fashion shops, department stores, cafés, pubs, restaurants and night clubs. Abdi İpekçi Street, Turkey's most expensive shopping street in terms of lease prices, stretches from the neighbourhoods of Maçka and Teşvikiye to the center of Nişantaşı.
Nişantaşı was settled by Ottoman Sultan Abdülmecid I in the middle of the 19th century. He erected two obelisks to define the beginning and ending points of the quarter. He ordered the construction of the Neo-Classical style Teşvikiye Police Station and the Neo-Baroque style Teşvikiye Mosque for a proper district, encouraging the citizens of Istanbul to settle in the area (hence the name Teşvikiye which means Encouragement in Ottoman Turkish).
The word Nişantaşı literally means "Aiming Stone" in Turkish. Aiming stones were erected in the Ottoman period to mark the archery range records of the Ottoman archers and sultans. Some of these aiming stones, which are shaped like small obelisks and have Ottoman Turkish inscriptions on them, are still found on the pavements of Nişantaşı as monuments from the past. The inscriptions give information about the date, the shooter and the distance the arrow was thrown.
Following the Balkan Wars of 1912–1913, many Turks from Macedonia, especially Thessaloniki (Selânik, which was an Ottoman metropolis until 1912) settled in the Nişantaşı quarter of Istanbul; including the family of the famous Turkish poet Nâzım Hikmet. Apart from the Turks, the quarter also had sizeable Greek, Jewish, Armenian and Levantine communities.
The building of Maçka Technical High School (Maçka Akif Tuncel Teknik ve Endüstri Meslek Lisesi) was originally constructed by the Italians to become their country's new embassy in Istanbul. However, when Ankara became Turkey's new capital in 1923, the building was donated to the Turkish Republic and has been used as a school ever since. There are three public primary schools on Nişantaşı Avenue (Nilüfer Hatun Primary School, Sait Çiftçi Primary School, and Maçka Primary School) and two public high schools (Rüştü Uzel High School, Nuri Akın High School.) Nişantaşı also includes the prestigious Feyziye Mektepleri Vakfı Işık Okulları (Feyziye Schools Foundation Işık Private Schools) which is a private school that has a kindergarten, primary school and high school in its campus. The school was established in 1885 as the Şemsi Efendi Primary School in the Ottoman city of Selânik (Mustafa Kemal Atatürk, the founder and first President of the Republic of Turkey, was a student of the Şemsi Efendi Primary School.) A number of the faculty buildings of the Istanbul University and Marmara University are also located in this area.
Many Dönmeh moved to the area from Thessaloniki after the Greek-Turkish population exchange because they were Muslims and the population exchange was based on religion. When they first came to Nişantaşi, they settled in abandoned Greek houses. Many of their descendants still live in Nişantaşi where they are a tight knit community.
Nişantaşı today is an elite shopping district and an affluent, secular residential area which is home to many creative types. The quarter forms the background to several novels by Nobel laureate Turkish novelist Orhan Pamuk, who is a local resident. Nişantaşı has the largest community of foreign residents in Istanbul after Taksim and Cihangir