Buying a House in Ataşehir

Introduction to Ataşehir's Location and Its Sections on the Map

Ataşehir is a prominent and rapidly growing district on the Asian side of Istanbul. Due to its fast development and excellent access to highways, it has become one of the most sought-after locations for living and investment. The district is bordered to the north by the neighborhoods of Kızıltepe and Samandıra, to the east by the Asian side of Istanbul, and to the south by the Pendik district. Ataşehir is known for being a residential and commercial hub with advanced amenities, offering a mix of residential, commercial, and service spaces.

Ataşehir Central (Atakent): This is the heart of Ataşehir, where most of the commercial, administrative, and residential activities are concentrated. Atakent is an area with modern buildings and excellent amenities, well-connected to the metro and other public transport options. Due to its shopping centers and diverse restaurants, it is a popular spot for living and shopping.

Ataşehir South (Kayışdağı): This area is primarily known as a residential district with green spaces and large parks. Kayışdağı is a peaceful location, ideal for those seeking a calm environment while still having access to urban amenities. The area has also gained attention from investors due to new residential projects and luxury apartments.

Ataşehir North (İMES): The northern part of Ataşehir is more industrial, but it has experienced significant growth in recent years with the development of new residential projects and commercial units. Located near major highways, it has become a popular area for businesses due to its easy access to various parts of Istanbul.

Ataşehir West (Barbaros Mahallesi): This section of Ataşehir is known for its shopping centers and luxury residential projects. Due to its location, which offers easy access to highways and the metro, Barbaros Mahallesi enjoys excellent public transport connections. It is ideal for those seeking to live in a modern, bustling neighborhood with excellent access to urban facilities.

Ataşehir East (Huzur Mahallesi): The eastern part of Ataşehir, known for its green spaces, parks, and new residential projects, is an attractive place for families. It is particularly suitable for those who desire a calm environment while still being close to urban amenities.

Population and Distribution in Ataşehir

Ataşehir is a rapidly growing district in Istanbul's Asian side, with a population of approximately 500,000 people. The gender distribution is nearly equal, with men making up around 49% and women about 51% of the population. The largest age group is adults and middle-aged individuals, especially those between 18 and 65 years old, constituting about 70% of the population. Around 20% of the population is under 18 years old, indicating a presence of young families and children. Individuals aged 65 and above make up about 10% of the population, representing a smaller portion. This diverse demographic makes Ataşehir an attractive area for families, working individuals, and students alike. With its dynamic and developing nature, Ataşehir has become a great place for both living and investment.

Area and Composition of Different Neighborhoods in Ataşehir

Ataşehir covers an area of 24 square kilometers, with a variety of urban landscapes that enhance its appeal. About 70% of the district consists of modern urban development, featuring residential and commercial neighborhoods. This includes tall buildings and newly built housing complexes, reflecting the area's rapid growth and potential for further development. Around 10% of Ataşehir is designated as green and forested areas, including parks such as Ataşehir Park. These green spaces offer residents opportunities for relaxation and recreation amidst nature, which is a key positive feature of the area. About 5% of Ataşehir consists of older, historical neighborhoods, where you can find historical sites and older houses, providing a nostalgic and historical feel, especially in areas closer to the city center. Additionally, around 15% of Ataşehir is not directly along the coast or the Bosphorus strait, but many of its neighborhoods, particularly in the southern parts of Istanbul, offer scenic views of the Sea of Marmara, attracting many residents and investors.

Property Prices in Ataşehir

Due to rapid growth, infrastructure development, and its strategic location in Istanbul, Ataşehir has become one of the most popular areas for property purchase. Property prices in this district can be generally categorized as follows:

Average Residential Areas: In neighborhoods like Kayışdağı and Mevlana, property prices typically range from 10,000 to 15,000 Turkish Lira per square meter. These areas are attractive for families and first-time buyers due to their amenities, proximity to public transport, and relatively affordable prices.

Luxury and New Areas: In neighborhoods like Atakent and İMES Kule, which include modern buildings and luxury residential projects, prices start at 20,000 Lira and can go up to 30,000 Lira per square meter. These areas are ideal for those looking for luxurious homes with full amenities, green spaces, and modern designs.

Historical and Older Areas: In older neighborhoods like Huzur and Kayışdağı, prices generally range from 15,000 to 20,000 Lira per square meter. These areas are more suitable for those seeking to live in older, more affordable neighborhoods with a historical feel.

Rental Prices: Rent in Ataşehir also varies significantly. For a 1+1 apartment in the central and average residential areas, rent typically ranges from 8,000 to 15,000 Lira per month. In luxury and new areas, rent can start at 15,000 Lira and reach up to 25,000 Lira per month.

Comparison of Property Prices in Ataşehir with Adjacent Areas

Ataşehir, located on Istanbul's Asian side, is a popular district for property purchase due to its rapid development and growth of new residential projects. Compared to the nearby districts, property prices in Ataşehir differ in the following ways:

Kadıköy: Located to the west of Ataşehir, Kadıköy has significantly higher property prices due to its commercial significance, excellent public transport access, and amenities. In Kadıköy, property prices range from 15,000 to 25,000 Lira per square meter.

Üsküdar:Situated to the north of Ataşehir, Üsküdar is known for its historical significance and natural views, leading to slightly higher property prices. Prices in this area range from 12,000 to 20,000 Lira per square meter.

Maltepe: To the east of Ataşehir, Maltepe is known for its green spaces and decent amenities. Property prices in this area typically range from 8,000 to 15,000 Lira per square meter. The region is ideal for those seeking a quieter life with good public transport connections.

Pendik: Located to the south of Ataşehir, Pendik is one of the more affordable areas in terms of property prices. Prices here typically range from 6,000 to 10,000 Lira per square meter. The district is an attractive option for buyers with a lower budget due to rapid development and new residential projects.

Tuzla: Located to the southeast of Ataşehir, Tuzla, due to its further distance from the city center and quieter residential environment, has lower property prices, typically ranging from 5,000 to 8,000 Lira per square meter. This area is more suitable for those seeking a more tranquil environment with lower prices.

Advantages of Buying Property in Ataşehir and Future Price Growth Predictions

Buying property in Ataşehir is an attractive option for investors due to the steady price growth and the strategic position of the area. Here’s a look at the property price trends in Ataşehir and future predictions:

Property Price Growth in Recent Years: Over the past five years, property prices in Ataşehir have increased by an average of 10-15% annually. For example, in 2019, the price per square meter of residential property in Ataşehir was around 5,000 to 6,000 Lira. By 2023, this figure rose to 9,000 to 11,000 Lira per square meter, indicating a 50-60% increase over this period.

Predicted Future Price Growth: According to real estate market experts, property prices in Ataşehir are expected to continue growing in the coming years due to ongoing construction projects, infrastructure development, and high demand. It is anticipated that prices will increase by an additional 10-12% in 2024 and 2025. This forecast is especially supported by the new metro projects, improved accessibility, and the development of commercial and residential areas in Ataşehir.

Comparison with Other Istanbul Areas: Ataşehir has experienced higher growth in property prices compared to other nearby areas. Over the same five-year period, property prices in neighboring districts such as Kadıköy and Üsküdar increased by 30-40%, which is lower than the growth in Ataşehir. This difference is primarily due to extensive developments, more affordable prices, and ongoing construction projects in Ataşehir.

Long-Term Investment Opportunities: Given the sustained growth and high demand for property in Ataşehir, purchasing property in this area is a smart long-term investment. Many real estate experts predict that in the next five years, Ataşehir will be one of the highest-yielding investment areas in Istanbul. This trend is expected to strengthen due to various projects, infrastructure improvements, and enhanced public transport connections.

Facilities and Infrastructure of Ataşehir

Public Transportation: Due to its strategic location, Ataşehir offers excellent access to public transportation. The district is connected to a wide metro network, buses, and taxis. Metro stations like Yenisahra and Kayışdağı provide quick access to various parts of Istanbul. Additionally, numerous bus lines operate in the area, facilitating easy travel around the city. These transportation options make living in Ataşehir convenient and provide easy access to other districts in Istanbul.

Educational and Cultural Facilities: Ataşehir, as one of the rapidly growing districts in Istanbul, hosts reputable educational institutions. There are many public and private schools, and universities and educational centers are expanding in the area. Moreover, Ataşehir is home to cultural and artistic venues like galleries and theaters, offering a great environment for those interested in arts and culture. The district is known for hosting various cultural and artistic events, making it one of Istanbul's cultural destinations.

Commercial and Shopping Centers: Ataşehir is a popular shopping destination due to its large and modern shopping centers. Places like Akasya Acıbadem and Brandium are the largest shopping malls in the area, offering a variety of shopping choices. Additionally, local markets in Ataşehir serve as daily shopping spots for fresh produce and groceries. These commercial centers, along with branded stores and fashion boutiques, make Ataşehir one of Istanbul's retail hubs.

Medical and Health Services: Ataşehir offers quality healthcare services with its well-established hospitals and medical centers. Hospitals like Büyükşehir Hospital and Acıbadem Hospital are the main healthcare facilities in the area, providing advanced medical care. Additionally, numerous clinics and 24-hour pharmacies are available to provide fast and reliable healthcare services to residents.

Green and Recreational Spaces: Ataşehir is home to several parks and green spaces, providing an ideal environment for relaxation and recreation with family and friends. Parks like Nezahat Gökyiğit Botanical Garden and Ataşehir Park, with walking paths, sports fields, and children's play areas, are among the most popular recreational spots in the district. These green spaces are perfect for those who appreciate tranquility and nature.

Restaurants and Cafes: Ataşehir is known for its diverse and high-quality restaurants and cafes, making it an excellent destination for food and beverage enthusiasts. Restaurants like Nusr-Et and Beyti Restaurant are famous for their exquisite menus and delicious dishes. Additionally, various cafes and coffee shops offer a pleasant atmosphere for relaxation and friendly gatherings. These venues have become social attractions in the district.

Summary

Ataşehir, as one of Istanbul's rapidly growing districts, offers many opportunities for property purchase and investment. With excellent access to public transportation, commercial centers, green spaces, and educational facilities, Ataşehir provides an ideal environment for living and working. Property prices in Ataşehir are more competitive compared to other central areas in Istanbul, making it an attractive option for homebuyers and investors. It is expected that property prices in the area will continue to grow with ongoing infrastructure development and new projects. If you are looking to buy property for residence or investment, Ataşehir can be an ideal choice.

Frequently Asked Questions