DAP Real Estate Development Chairman Ziya Yılmaz announced the launch of a new residential project in Istanbul's Ataşehir district. The project, to be developed on land acquired through an Emlak Konut GYO tender, is named 'Ataşehir 173'.
Project Details
The project will include a total of 173 residences. Ziya Yılmaz stated that the project's value will reach 5 billion Turkish Lira upon completion.
Yılmaz indicated that the average per-square-meter sales price is 230,000 TL. Emphasizing that the project will stand out with a 'quiet luxury' concept, Yılmaz said, "With Ataşehir 173, we have brought a new vision to the area and defined a concept as 'quiet luxury'."
Completion Timeline and Area Value
DAP Real Estate aims to complete the project within 24 months. Ziya Yılmaz highlighted that the value of the Ataşehir area is rising alongside the Istanbul Financial Centre.
Yılmaz's statements indicate that real estate developers, who had been holding back on new investments for some time, are now restarting their residential projects.