Ciftci Towers in Istanbul

Name: Sales in Ciftci Towers started!
Start: 2020-04-02T11:35:48.126337+00:00
End: 2023-12-31T23:59:59+0000
Location: Ciftci Towers

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Project info

Object ID: 6383

Finished at	June 2019
Price, m²	From 7550$
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 220.00 m²
Floors	20
Apartments	288
Building phase	Completed
Condition	Black walls
Construction type	Monolyth
Security	CCTV Security
Conveniences	Parking Underground parking Spa Fitness Pool Kids playground Nearby subway stations Gayrettepe 2 min Zincirlikuyu 2 min Levent 6 min Nispetiye 14 min 4. Levent 17 min
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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

1,661,000$

Net profit

9,376$

Payback period

141.3 years

Avg property value increase per year

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About the project

Çiftçi Towers project, consisting of two towers with 10 floors and 10 floors on the ground in Zincirlikuyu, Istanbul's most valuable location, has a construction area of 292 thousand square meters. The project includes a car park of approximately 2,500 vehicles, a residence of 84 thousand square meters, an office of 10 thousand square meters, a shopping mall of 68 thousand square meters, warehouse and technical floor areas. The Çiftçi Towers project, designed by the Englishman John McAslan, is being built by Türkerler İnşaat on the land of Çiftçiler Holding.

The Çiftçi Towers project rising in the middle of the Maslak, Mecidiyeköy, Beşiktaş triangle attracts attention with its ease of access to the TEM highway, Barbaros Boulevard, Fatih Sultan Mehmet and the Bosphorus bridges. In the region where Çiftçi Towers project is located, average unit rents are determined as 37 dollars. Çiftçi Towers and Zorlu Center projects, which dominate the sea and the Bosphorus, are expected to affect the figures in the region. The smallest apartments in the project are gross 220 square meters, 160 square meters 2 + 1 and 3 + 1 types. The largest apartment is gross 578, net 6 + 1 flats with a size of 420 square meters.

Developer

In the construction and energy sector, we adopt as a vision to be a world brand that can steer domestic and international markets, be qualif…
Details about Türkerler Holding