During your tour in Istanbul, you will find that it is an incubator for several giant projects, the most important of which is the Istanbul Water Canalwhich is expected to be successful with distinction and reap ripe fruits in that green land, and surely you need to get accurate information about the water canal and this is what we will work to provide you through this article .. We wish you an interesting and useful reading.
Istanbul Water Canal website:
This important canal is located in the European part of Istanbul, and thus forms a link between the Black Sea in the north and the Sea of Marmara in the south, and six bridges will be built over it, and we can say that its strategic location greatly contributed to increasing its importance and drawing the attention of the world to it.
Specifications of the new Istanbul Canal:
Through the following paragraph, we will learn more about the Istanbul Water Canal by presenting your important information about it, namely:
-The water channel is approximately 48 kilometers in length, and we explain that it should be about five to seven kilometers longer, according to what is required during the construction of the canal.
-As for the width of the Canal, it ranges between 120 and 150 meters.
-The Istanbul Water Canal has reached a depth of about 25 meters.
-67 million square meters! This is the area of land on which the project is being completed.
-The Canal will be provided with a financial port for small boats as a way to avoid congestion on the new Canal.
- It is expected that three islands will be created thanks to the excavations extracted from the Canal.
- All statistics indicate that six bridges will be built over the new Istanbul Canal, in addition to plans to build a huge real estate project in the form of a city on both sides of the canal.
The importance of the Istanbul Water Canal:
Istanbul Water Canal is of great importance based on several reasons, the most important of which are:
-All indicators confirm that the Istanbul Canal project will achieve a qualitative leap in the maritime and land transport sector in the city.
-What has increased its importance is that it provides the opportunity to pass through about 130 ships per day, including 27 commercial tankers
- We can estimate the weight of the commercial objects that will walk through the modern Istanbul Canal at about 150 million tons.
_ The importance of the Istanbul Water Canal and one of the reasons for its construction is to relieve the maritime pressure on Bosphorus Strait, through which thousands of ships and oil tankers pass daily, which cause air pollution to the areas near it, similar to Uskudar. When the completion of the new Canal is completed, this problem will be resolved immediately and increase the safety of areas and marine life in the strait due to directing a large part of tankers to the Istanbul Canal, in addition to easing the congestion of ships on the Bosphorus which reduces the time for ships to stand in waiting.
-Istanbul Canal plays an important role in creating a qualitative leap in the field of real estate investment in the European part of Istanbul, in addition to the prosperity of the Turkish economy, and this point we will talk about in detail later
The economic importance of the New Istanbul Canal
This huge project will positively benefit the economic field in the Turkish state, as it has contributed to:
-Candidacy of Turkey to top the list of the ten most powerful economies around the world.
-Compensating Turkey for the resounding losses from the Montreux Convention and compensating the Turkish state's position in the field of water crossings.
-Achieving a high percentage of profits, amounting to millions and billions of dollars, as every ship or ferry passing through the new Istanbul Canal has to pay a fine according to its weight.
-Creating thousands of job opportunities in this field, which will solve the unemployment crisis in the Turkish state, and thus the returns to it will be great.
The impact of Istanbul Canal on real estate investment:
The safe and stimulating investment environment is a major factor in successful investment in Istanbul. The advanced infrastructure cannot be forgotten, as it forms the base on which successful and promising investment is based, so that the probability of real estate investment success increases whenever the infrastructure is more solid, developed and keeping pace with the requirements of the times, and this is what is well achieved by investing in the city of Istanbul because of its importance on the Turkish internal economic level, in addition to providing economic laws that equalize between the Turkish and foreign investors, as it is one of the most important factors that led to an increase in the rate of foreign investment in the Turkish real estate market.
The construction of the Istanbul Water Canal will give great importance to the real estate sector in the nearby areas and will make it a place that attracts the attention of countless investors, foreigners and businessmen, for your information, the increase in demand means, in turn, an increase in prices, and this is exactly what happened in the neighboring areas of the Istanbul Canal.
Real estate investment in the areas near Istanbul Canal:
Investing in real estate located close to the new Istanbul Canal has its own advantages and through the following paragraph we will talk about it in detail:
-Basaksehir area:
Buying a property in the famous Basaksehir area will bring you huge profits and in most cases your investment will be successful based on many things, the most important of which is the strategic location that the area enjoys as its proximity to the giant projects that made waves all over the world, the most important of which is the Istanbul Water Canal, which had a significant role In raising the prices of real estate located in the famous Basaksehir area, in addition to considering it a distinguished destination for many tourists of different nationalities because it contains antiquities, archaeological museums and tourist attractions, , in addition to all that, it is a first-class entertainment area that includes shopping centers, malls, restaurants, luxury cafes and many more.
-Arnavutkoy area:
The rural character of Arnavutkoy and its green nature contributed to making it one of the most important areas of Istanbul and the most suitable for successful real estate investment, as it is located close to one of the most important infrastructure projects, namely the Istanbul Water Canal, which once construction began, real estate prices in these area are gradually rising, and it is expected to reach twice the current price in the future, and therefore your share of the profits will increase if you have bought a property in this area and offered it for rent or sold after a while.
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The Istanbul Water Canal is one of the most important giant projects that the Turkish state is working on, and although its construction has not yet been completed, the prices of neighboring properties have risen, so how if it is completed?
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