There is no doubt that the purchase of lands adjacent to the new Istanbul Canal is one of the most discussed topics among businessmen from all over the world who wish to invest in real estate in distinct areas rich in huge revenues and huge financial profits. From a commercial point of view, the canal has a major role in competition for international transport and trade between continents.
In our article, we will highlight the importance of the canal and its impact on real estate, lands, and investments in general.
The most important information about the new Istanbul Canal:
The new Istanbul Canal is located in the city of Istanbul in the European section, and it is an artificial waterway that connects the Black Sea and the Sea of Marmara. Moreover, it is a sea passage adjacent to the Bosphorus Strait, which relieves its burdens at a distance of 30 km.
The following are the most prominent specifications that the new Istanbul water canal is proud of:
- The depth of the channel is 25 meters, and its width is between 390 and 490 feet, i.e. between 120 and 150 meters.
- The land area on which the canal project is built is 67 million square meters.
- The length of the water channel is about 30 miles, or about 48 kilometers, approximately.
- Mostly, the Turkish government will build 6 bridges over this canal, in addition to building a huge real estate project in the form of a vital city on both sides of the canal, which includes many commercial centers and huge residential complexes.
- The Turkish government is working to create three water islands.
- Along the new canal, there will be a harbor for small boats.
- We hope that the new Istanbul Canal will be safer for sea navigation than the Bosphorus Strait.
- The canal works to provide transportation opportunities for more than 130 ships per day, of which 27 are commercial tankers.
- The commercial tonnage that will pass through the canal daily is estimated at about 159 million tons.
- The project works to achieve a quantum leap in the maritime and land transport sector in Istanbul.
- The canal plays an important role in bringing about a real estate revolution in European Istanbul, building new commercial centers and thousands of sophisticated and modern residential complexes.
- The presence of the canal worked to reduce environmental pollution caused by the passage of oil tankers on the Bosphorus Strait.
- Reducing the congestion of ships at the strait reduces the time for ships to stand in the harbor.
- It is close to Istanbul International Airport, and the green areas on both sides of the Istanbul Canal are estimated at about 147 million square meters.
- It will generate a lot of financial profits for the coffers of the Turkish state, estimated at about $8 billion annually.
- The increase in real estate prices around the canal, as the price per square meter in one of the villages increased from 605 US dollars to about 185 US dollars.
- It is expected that the average value of the cost incurred for the passage of each ton of cargo and ship tonnage is about 5.5 US dollars.
The importance of investing near the new Istanbul Canal:
There are several advantages offered by the canal to those wishing to invest in the neighboring areas that overlook it. The following are the most prominent advantages:
- Mostly, the real estate and lands of the areas located on the canal line will witness a continuous increase in value, due to the increase in demand by foreign investors and real estate developers.
- It will be a tourism observatory as long as it will include many tourist areas of great interest.
- The real estate investment returns in these areas are considered one of the most distinguished economic and investment places because the Turkish government worked on the construction of the new metro line and the new airport.
- The region witnessed a large commercial movement as long as the Bosphorus Strait would only concern the tourist movement.
- The Turkish government is working to provide the areas adjacent to the canal with a large network of transportation.
- It is distinguished by its wide and many roads.
- 10 bridges are being built along the canal with advanced and modern designs, making it easy to move around to all areas of Istanbul and neighboring countries.
- A large number of cultural centers will be opened, including many galleries, theaters and museums.
- You can buy a property, and benefit from renting it to reap huge returns from it, as long as the canal will be an observatory for tourists and foreign visitors.
- When investing $400,000, you are entitled to obtain Turkish citizenship and grant it to your family members.
What are the areas near the new Istanbul Canal?
After knowing the importance of investing near the water canal, you are sure to wonder about what areas are close to the canal. The following are the most prominent areas:
- Kayasehir area.
- Basin Express area.
- Kucukcekmece region.
- Avcilar district.
- Arnavutkoy district.
- Basaksehir district.
- Bahcesehir district.
- Finally, Esenyurt.
Is it recommended to buy land near the Istanbul Canal?
Mostly the advice depends on the type of expected profits, and the speed of obtaining them. Certainly, when you think about buying land near the new Istanbul Canal, your goal is to invest in building and construction on it, and then selling the properties that have been built, so you will get huge and huge returns, especially since you can Establishing residential complexes and commercial real estate, or even constructing a villa overlooking the green spaces, so it is advised to buy land near the canal, leave it for a long period of time or even reconstruct it, and reap large returns.
The future of investment near the new Istanbul Canal:
Investing near the canal has become a popular choice among investors seeking to enlarge their financial wealth in the world of 2023, as the country has witnessed tremendous growth in recent years, with low tax rates, reasonable prices and diversified markets, so investors take advantage of the opportunity to make long-term investments near the canal, In addition, the location of the canal is strategic and efficient, as it attracts tourism and is an ideal destination for potential buyers looking to take advantage of the Turkish real estate market, so the future of investment near the canal is likely to be bright.
Many advantages of buying an apartment in Istanbul with Zoom Real Estate:
-Extensive knowledge and close relationships within the Istanbul real estate market.
–Cheap apartments for sale in Istanbul that satisfy all tastes.
–Buying an apartment in Istanbul in convenient installments.
-Choose an apartment suitable for obtaining Turkish citizenship and enjoying its advantages.
– Taking care of all the necessary procedures and papers for you.
You can seek the help of our specialized advisors when buying lands adjacent to the new Istanbul Canal, to ask for help and offer them all your questions and inquiries. You can also visit our website to find out the most important information related to investment near the canal and its adjacent areas or other topics.
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