Property in Istanbul

Seapearl: Sole premium project near the sea

Forty-five percent of the Seapearl Project, the only premium real estate project near the sea in Istanbul, was recently sold. The first section of the project, which is worth TL 7,200 ($2,570) per square meter, will be submitted to its new owners in July 2017.

The sales and construction work of the Seapearl Ataköy project have drawn attention due to its new commercial movie. The TL 2.7 billion project has two sections. The first section of the project is built on 217,000 square meters, has a 6,185 square meter lake, a 33,000 square meter field and walking paths.

Özen Kuzu
Özen KuzuKuzu Group board member Özen Kuzu said: “Ataköy, which is one of the most important and prestigious districts on the European side of Istanbul, has become among the most preferred by many international and Turkish firms. After having met with many branded hotel chains in order a hotel enterprise of 202 rooms and 62 private residences, we reached an agreement with Jumeirah Group, a member of Dubai Holding. The deal we signed with Jumeirah Group will add value to Istanbul and the district as well as our project.”

45 percent of Seapearl sold

Kuzu also said Ataköy, which has already been an alluring district for those traveling on vocation and for recreation due to its advantageous location, draws further attention it is close to the city center and its high quality buildings, parks and fields. Kuzu added: “The qualified projects in the district bring returns to investors in the short term. The Kuzu Group has the chance to observe one on one the interest of local investors as well as foreign investors in the project at the fairs we attend. At the Cityscape Fair that we attended most recently we realized TL 24 million of sales covering six residential properties. We have sold 45 percent of the total Seapearl Ataköy project, which is the sole premium project near the sea in its location with its social facilities and architecture redefining luxury. Twenty percent of the 45 percent of sales have been to foreigners.”

The first section of the project has 631 units in four blocks each with 20 floors. There are many residential properties ranging from 1+1 to 4.5+1 between 88 square meters and 398 square meters. The Seapearl Ataköy project is one of Istanbul’s mega projects. The project has many social facilities including fitness centers between 150 square meters and 200, yoga halls, rest areas, play areas designed for children, walking and running paths, a tennis court, a streetball field, pedestrian roads, small lakes, an observation terrace and baroque landscaped areas.