Arena 24 in Istanbul

Name: Sales in Arena 24 started!
Start: 2020-02-17T12:41:23.882654+00:00
End: 2023-12-31T23:59:59+0000
Location: Arena 24

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Project info

Object ID: 5079

Finished at	September 2019
Price, m²	From 700$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 97.00 m²
Floors	13
Apartments	59
Building phase	Completed
Condition	Black walls
Ceiling height	2.65 m.
Construction type	Monolyth
Security	CCTV
Conveniences	Parking Fitness Commercial area Kids playground
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Personal discount certificate 300$
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Return on investment for apartment

with price

11,755$

Rental income

1,103$

Management

689$

Utilities

587$

5% Income tax

9,376$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	16%	5	55$	275$
February	28	21%	6	55$	330$
March	31	12%	4	60$	240$
April	30	16%	5	60$	300$
May	31	25%	8	60$	480$
June	30	60%	18	80$	1440$
July	31	77%	24	120$	2880$
August	31	77%	24	130$	3120$
September	30	40%	12	100$	1200$
October	31	38%	12	60$	720$
November	30	23%	7	55$	385$
December	31	22%	7	55$	385$
Total	365		132		11755$
Average		35%		74$

Total invested

67,900$

Net profit

9,376$

Payback period

5.8 years

Avg property value increase per year

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About the project

Arena24 rises in Halkalı Square, one of the most valuable city centers of Istanbul. This mixed and boutique project, which will be one of the favorite places of shopping with 59 apartments and street shops consisting of 1 + 1, 2 + 1, 3 + 1 apartment types, is a candidate to be one of the leading projects in the region with its high investment value.

Arena24, which draws attention especially with its new rail system and its proximity to Kanal Istanbul project, has a location and concept to become a brand in Küçükçekmece.