Learn about Istanbul's third largest airport worldwide and its impact on Turkey's economy and real estate investment sector
There is no such thing as an event Turkey expects to be closer to the opening of the third airport in Istanbul, which will be at the completion of its five stages in 2023 the largest airport in the world and will enter the service Istanbul Airport on the third of October 29 and this date was chosen because the 95th anniversary of the founding of the Republic of Turkey
According to the Minister of Transport and Communications of Turkey, "Ahmed Raslan" that this new airport will have an internal area of 3500 square kilometers and the area of external runways 7300 square kilometers with a capacity of 114 aircraft at the same time and thus will be 130 destinations to more than 120 countries and thus will have an annual capacity of about 200 Million passengers
In an optimistic initiative to open the airport, Mr. Ahmed Raslan invited 70 children from all the Turkish provinces to be the first to visit this airport, which is located from the center of Istanbul 35 km
What is the impact of Istanbul's new airport on the whole world?
This is the largest airport in the world and will make it an international control point for aircraft traffic between these continents and will certainly affect the regional airports such as Dubai Airport in the Emirates, Frankfurt in Germany and Heathrow Airport in Britain.
On the other hand, the Turkish government has built many hopes on this airport and expects to increase the GDP by 5% by 2025 after completion of the entire airport. Turkey also aspires that this airport is one of the most important reasons for achieving its vision for the year 2023 List of the top 10 economies in the world
What is the impact of this third Istanbul airport on the Real estate investment sector?
Naturally, having a huge airport in a relatively isolated area will lead to increased interest in the real estate sector in that area. Many investors and businessmen want their hotels to be near the airports because they are frequent travelers, and this will help them reduce the time needed to get to the airport every time.
And even investors in the field of business and hotels will find investment near the airport a special opportunity because this airport will be a magnet for the whole area and will increase the density of population and business meetings and all of this needs to provide shopping services, hotels and commercial companies and here are the opportunities are promising, The area before the establishment of the airport was very low
In any case, the prices are still increasing since the announcement of the plan to establish the airport and then proceed to the implementation of the project and the approach of the opening of the airport
For example, the value of the square meter in the airport area is about 80 TL or about 20 dollars and in 2016 after the actual implementation of the project, the price of square meter is about 300 Turkish liras and therefore we notice the big difference in a short period and this number will continue to rise day after day because the facilities Which will be built around the airport and residential complexes will give the whole region a higher investment value and therefore will increase property prices
Is it easy to reach Istanbul's third airport?
A huge project such as Istanbul's new airport will certainly serve all kinds of transportation that will make it easier for travelers to come from anywhere in Istanbul
The airport will be connected to the third Istanbul Bridge, the new Istanbul Canal and the northern highways near the Sea of Marmara. This will reduce the congestion in Istanbul and the new metro line to connect all the southern regions of the new airport.
What is the impact of the new airport on real estate prices in the region?
This is in addition to improving transportation and new metro lines. This will not only raise real estate prices in the new airport area, but will also lead to a surge in property prices to reach all areas expected to benefit from the impact of the new airport, such as esenyurt beylikduzu and bahchasehir, , which has been prepared for several years to be a pioneer in the field of real estate investment and we will show you some investment opportunities in each of these areas and then continue to talk about the new airport project
Investment opportunities in bahcasehir :
• The location of the project is in a well-known area near the TEM International Road
• More than 30 options available for apartments to suit all potentials and aspirations
• The possibility of installment up to 10 years with a down payment of only 30%
• The location of the distinctive project in a famous area of calm and high return investment
• This project provides 9 different types of apartments to meet all your needs
• Close to Istanbul's third airport, Istanbul Canal and the new metro station
• The location of the project in the region of bahcasehir and high return investment
• The complex includes both apartments and offices, so you can live and work in the same place
• Great views, large windows and a luxurious coat all to give you a happy and luxurious life
• The complex is equipped with 3 separate swimming pools for men and women
• The strategic location in the Kucukcekmece area directly on the TEM highway, which earns additional investment benefits
• Over 80% of the project area is dedicated to green spaces and recreational activities
• It is a new healthy lifestyle that provides you with relaxation, comfort and tranquility
• The project is characterized by the existence of an artificial lake within the area of 35000 square meters with the beach completely you are resident within the city
• A 4.5 km trail around the lake surrounded by lush trees to give you the healthy lifestyle you deserve
• It is expected that the investment yield for this region will reach 80% within two years
• The first installment is 20% and the possibility of installment is available 100 months and the project is now ready for housing
Investment opportunities in Istanbul Beylikduzu :
The most beautiful and beautiful project which offers you the social and safety life in the city of Yasam vadi extending from Belikduzu to the coast and Marina port
• A breathtaking sea view that captures the Sea of Marmara
• Family oriented and bedroom options ranging from 2 to 4 per apartment
• There is a Turkish bath in each apartment with 3 or 4 bedrooms
• 70% of the project area is designated for green spaces and there are special recreational facilities for men and women's separate, so it is a very suitable option for families
• Materials used in high quality construction and there is a balcony for each apartment up to 35 square meters
• A variety of shops in the project to secure all your needs
• The project separates 1.5 km from the metro and 700 meters from the seaport
• The location of the project in the Beylikduzu area, Istanbul's modern center with high investment growth in real estate
• The lifestyle of the five-star resorts will not only be the annual holidays but will be your daily lifestyle in this complex
• Proximity to the E5 motorway and the Metrobus line, the most important means of transportation in Istanbul
But is there any downside to owning a property near Istanbul's third airport?
To be fair proximity to the airport has advantages and disadvantages, it is easy to travel and travel for businessmen traveling abroad and owns a property near Istanbul Airport III has very high investment advantages because of the inevitability of rising prices over time in that region
But one of the drawbacks is that the proximity to Istanbul's third airport means the proximity of the aircraft fleet to the largest airport in the world. Let's take a good example of Ataturk International Airport, where almost every plane drops every two minutes, let alone an international airport that will change the concept of world airlines and affect large regional airports (Dubai, Frankfurt and Heathrow), it is certain that living close to it will not give you a completely peaceful life. Despite the great development of the aircraft industry and the ability of manufacturers to mitigate the noise of aircraft, Sound is the sound of the passage of aircraft over cities, but when landing cannot address the noise from the sound of the engine near the surface of the earth
So, if you want a quiet life you should not choose a place very close to the airport, but a logical distance and the area of Kite Hana is ideal for that too You can see our real estate opportunities in which:
• The location of the landmark project in the district of Kaghithane, one of Istanbul's finest areas
• Near Istanbul's third largest airport in the world
• The best materials were selected in construction and cladding
• The project is immediately ready for housing
• The location of the landmark project in the district of Kaet Hana, one of Istanbul's finest areas
• Near Istanbul's third largest airport in the world
• The best materials were selected in construction and cladding
• The possibility of installment up to 36 months and the first installment 25%
Or if you are looking for cheap real estate in Istanbul, the real estate opportunities in esenyurt these are suitable for you:
• The location of the distinctive project in the region of esenyurt promising in the field of real estate investment
• Panoramic view with 85% of the project area dedicated to recreational activities and green spaces
• Different styles of apartment options suit all tastes and aspirations
• The location of the distinctive project in the high-return investment area of esenyurt
• All details of the project have been taken care of to give you a new style of modern life that suits your expectations and desires
• Proximity to E5 and E6
• The first Italian-designed project in Istanbul and the construction company has 30 years’ experience in this field
• Prices start from $ 48,000 with the possibility of installment over 3 years
• No commission We are the owners of the project
There is another bad property near Istanbul Airport, which is a distance from the center of the city. Yes, there are highways and metro lines to be established to facilitate access to the city center from the airport. However, if you work daily in the city center and travel by airport once a month the idea of owning property near the airport will not be a logical idea, but first choose a place close to the city center such as the Topkapi area:
• The location of the distinctive project in the Topkapi area in the center of Istanbul near all public and private facilities and all means of transport
• Modern design that will add new meaning to your lifestyle
• The project includes residential apartments and work offices alike and is almost immediately ready for housing or work.
Finally, there are the health risks caused by the landing and takeoffs of the aircraft from the airport. Experts pointed out that the area of contaminants up to 16 square kilometers and it looks large area, but we should not forget that this new airport is the largest in the world and the area of the outer squares of 7300 km Box and thus this problem will never have effect
In any case, the places near the airport were allocated to the factories and the commercial areas, so the houses and schools of the children will be completely away from the airport, which is a reason for reassurance.
For more detailed information on the third airport, we convey to you the most important news from various sources
The new Istanbul airport
The Turkish city of Istanbul awaits in October 2018 an economic boom, coinciding with the opening of Istanbul's third airport, one of the world's largest airports, considered by the current government as one of the "crazy" projects, or what is known as the "Century Project", which enters Turkey with a stronger list 10 economies around the world, in order to achieve the most important objectives of the 2023 Plan.
Thursday, 22 June 2018, the plane of President Recep Tayyip Erdogan carried out the first landing at the airport, which is the largest airport project around the world built from scratch and said immediately after landing: "We live happily establishment of a majestic airport."
On October 6, 2017, the Minister of Transport, Communications and Maritime Navigation, Ahmed Arslan, confirmed that 68% of the construction had already been completed at the airport and that the official opening of the first phase of the airport would be completed on October 29.
Although there are many opportunities and mega projects that will contribute to the growth and growth of the Turkish economy, under Plan 2023, the Erdogan government plans to add the new airport the opportunity to achieve unprecedented economic spikes, adding 4.9% to GDP by 2025, as well as entering the list of the top 10 Global economies, according to the Ministry of Transport and Transport.
Since the first moments of the 2013 announcement, many Middle Eastern countries and the European Union have begun to view Istanbul III as a threat to their local economies. The airport's operational plans indicate that it will capture traffic and passengers at regional and international airports, In the Middle East, Frankfurt in Germany, and Heathrow Airport in Britain, by its strategic location linking the East and West of the North and South of the globe. It is expected to control aviation in the three continents of Asia, Africa and Europe.
The establishment of the new Istanbul airport threatens Britain's Heathrow, the world's third most crowded airport, the newspaper The Economist said in a report published last year. The Grand Istanbul project will be the "biggest threat to European air transport" .
Istanbul currently has Atatürk airports in the European part and Sabiha Kokgen in the Asian part. The third airport is in the European part, also overlooking the Black Sea, where the four phases of the project will be completed by 2023. It will contribute significantly to supporting international trade and economic development; then Turkey will be the center of the global trade movement.
Since Turkish President Recep Tayyip Erdoğan laid the cornerstone for Istanbul's third airport in June 2014, in a move that supports the government's plans to develop and raise investment rates, improve the tourism situation and support the economy, very to connect the airport to the city center, and facilitate traffic towards it.
Turkish Prime Minister Ben Ali Yildirim has repeatedly stressed that his country will become an air link linking the three major continents (Europe, Asia and Africa) once the airport is fully completed, which will provide 90 million passengers a year. Work for more than 100 thousand people.
The airport's investment amounted to 10 billion euros (equivalent to 10.6 billion dollars) and is implemented in cooperation between the public and private sectors. The government says the operation of the airport will generate 22 billion euros (about $ 23 billion) in revenue over 25 years.
Once fully completed, the airport can provide services to 200 million passengers a year, making it a "connecting point" connecting the world's nations before launching again through open space.
- Global competition
Turkey has made important progress in the field of aviation and tourism industry, compared to the rest of the world, with the apparent importance of successive governments of the Justice and Development Party in the development of the economic sector.
The number of Turkish airports rose from 25 to 55 airports in 2015, during Erdogan's party governments, and the number of Turkish passengers increased from 35 million to 180 million a year in the same year.
Turkey considers the new airport project to play an important role in achieving its economic goals of entering the list of the top 10 economies in the world by 2023.
The government says the new airport will change the course of economic and development events around the world by its size, size and service capabilities. This will contribute to the transfer of global funds to Istanbul, thereby realizing its vision of making the city the largest financial, economic and commercial center in the region.
Although the airport has not yet entered the service, its high expectations have made it an area of concern for Europeans and Middle Eastern countries, which are concerned about its impact on the classification of several European and Middle Eastern airports.
The Turkish government's announcement of Istanbul's development projects, including the third Istanbul Airport, the Eurasia Tunnel, the Istanbul Tunnel, the Metro Marmari, the Sultan Yavuz Selim Bridge and the Sultan Ghazi Bridge, coincided with the involvement of Arab and European countries in supporting the events of Gizi Park. Counter-revolutions of the Arab Spring.
The Turkish government often hints at the involvement of Turkey's allies in supporting or dissuading the AKP, which Turkey began to reap, including the development of the Gizi Park.
- Where is the new airport located?
The new airport is located on the European side of the city, within a forest area and nature reserves of the Turkish state, covering an area of 7,500 hectares.
Dutch companies offered to contribute to the project, but later withdrew. The withdrawal justified the airport as a threat to the environment because of its establishment in a forest area that is the lung of Istanbul. The airport's executive director, Yusuf Akchayoglu, rejected the project. Appointed at the airport director of the environment.
The construction of the airport is currently being carried out by a group of Turkish companies: Genghis, Collin, Limac, Kalimapa, where it won the tender in 2013 and is to be operated by companies for 25 years before being transferred to the government.
To manage aviation traffic with the highest degree of efficiency and professionalism, the airport management has established a first-of-its-kind bird flu surveillance radar with a crew of 6 specialists to minimize the potential impact of birds on air traffic.
- What distinguishes the airport?
The new airport features a wide area of 150 million passengers, up to 200 million at the end of its four stages, with 165 bridges for passenger passengers, an indoor area of 1.5 million square meters, parking for 7,000 vehicles, 6 landing and independent runways , 16 parallel runways, 6 million square meters and 500 square meters for 500 aircraft.
The airport also includes 3 high-tech buildings, an aircraft traffic control tower, VIP lounges with luxury hotels, hospitals and emergency center, prayer rooms, conference centers, 4 airport buildings, connected by electric drawers, followed by the state, power plants, water treatment facilities and waste.
Because Turkey has an emerging and growing economy under the Justice and Development Government since 2002, Erdogan's government, after opening the third airport, seeks to make Istanbul one of the largest financial and economic centers around the world. Turkish Airlines forecasts that 125 million passengers (60 million passengers) will be transported annually by 2025; the new airport will transport 160 million passengers annually in its early stages.
Although Ataturk Airport in Istanbul is a new airport with a capacity of 60 million passengers a year, but the growth of the number of passengers fast, the Turkish government is quick to think about overcoming some of the obstacles caused by large aircraft traffic as in 2015, and to avoid the cancellation and delay of flights, The construction of the new airport is inevitable and a reality imposed and an opportunity to achieve the most important goals of the government of justice development may not compensate, and make a boom in its economy and make it a financial and commercial center in the region.
- Growing population
Nearly 80 million people live in Turkey. The number of residents is increasing with the number of tourists increasing throughout the year. The presence of two airports in Istanbul with this heavy air traffic is never enough for these numbers, so the government started building Istanbul airport with a population of about 18 million people and 4 million residents.
In its report "Technical Characteristics of Istanbul III Airport" on June 7, 2014, the Turkish newspaper "Hurriyet" revealed that the third airport is one of the largest international airports, based on the size of the passengers who will be able to accommodate them in return and return flights. The construction process, which used 350 thousand tons of steel and iron, 10 thousand tons of aluminum and 415 thousand square meters of glass.
In a bid to attract and acquire the largest number of business centers and mega-corporations around the world, Turkey has established the new airport in coordination with major projects all converging at one point, combining the airport area, rapid transport line and the express train line and the parallel canal of Bosphorus "Istanbul Channel" one way . The site also provides travelers with access to air, land and sea transport centers at the same time.
According to the economic expert and Turkish businessman Ghazwan al-Masri, the establishment of the airport by these specifications enhances the position of the geographical location of Istanbul as a base station and a corridor for passengers around the world. "Istanbul is the only city in the world from which you can travel to 53 countries.
In a press statement, Masri said that the stability of the large financial activity in Istanbul requires the provision of large transport services that facilitate the travel and transportation of businessmen, investors and tourists alike, and Turkey can provide transit services to them through airport .