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A Look at Urban Transformations in Istanbul and Their Impact on Real Estate Investment

News

06.08.2023

Istanbul, a city that has been the home to many civilizations over the centuries, is rapidly evolving into a leading global city, and this evolution impacts not just the city’s infrastructure and general appearance but also the real estate market.

Istanbul’s urban transformation program, launched in recent years, revitalizes old and dilapidated areas of the city into advanced residential and commercial areas. These projects, ranging from luxury villas to large residential towers, are plentiful and span across various areas, including Başakşehir, Fatih, and Gaziosmanpaşa.

The importance of these urban transformations goes beyond the direct economic benefit of construction and real estate development. They add value to the city as a whole, improving the quality of life for local residents and attracting more international tourists and investors.

Through these transformations, Istanbul has become one of the most attractive cities for real estate investment in the world. The city retains much of its historical and cultural charm, while evolving into a modern, international hub. This means that properties in Istanbul are a long-term and secure investment, regardless of economic conditions.

Furthermore, obtaining Turkish citizenship through real estate investment is attractive to many foreign investors, which has increased demand for properties in Istanbul.

At MAB TURKEY, we work side by side with our clients to help explore real estate investment opportunities in Istanbul. With our deep understanding of the local market and the ongoing urban transformations, we provide the necessary support and advice for investors looking to take advantage of these exciting opportunities.

One of our experts at MAB TURKEY says, “The urban transformations in Istanbul offer enormous opportunities for real estate investment. By combining the city’s historical and cultural wealth with modern development, investors can take advantage of a wide range of opportunities that reflect this city’s unique dynamism.”

So, if you are looking for a real estate investment in Istanbul, urban transformations make the city more attractive than ever. Contact us today at MAB TURKEY to learn more about how to take advantage of these opportunities.

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    PERSONAL DATA PROTECTION LAW TEXT

    1. What is personal data and who processes it?

    Pursuant to Article 3 of the Law No. 6698 on the Protection of Personal Data, personal data refers to any information relating to a specific or identifiable natural person. MAB Turkey A.Ş., as the “data controller”, and in accordance with the Law No. 6698 on the Protection of Personal Data, shall record, store, update, process and transfer your data to third parties in accordance with the law.

    2. For what purposes can your personal data be processed?

    Explicit consent of the data subject (Art.5/1) as per the PDP Law -It is mandatory for the data controller to fulfill its legal obligation (Art.5/2.ç) Within the scope of personal data processing conditions, the data obtained by keeping log records over the system from devices such as computers used in our company can be processed in order to respond to legal requests, to monitor compliance with workplace rules and to provide technical support.

    Kişisel veri işleme şartları dahilinde şirketimizde kullanılan bilgisayar vb. cihazlardan sistem üzerinden log kayıtlarının tutulması ile elde edilen verilerin toplandığı ve verilere yasal taleplere cevap verebilmek, işyeri kurallarına uyumu denetlemek ve teknik destek vermek amacıyla işlenebilecektir.

    3. To whom can your processed personal data be transferred?

    It may be transferred to affiliate companies, business partners, suppliers, company officials, legally authorized public institutions and private persons in accordance with Articles 8 and 9 of the PDP Law.

    4. For what legal reason and by what method do we collect your personal data?

    Your personal data are collected by our Company verbally or in writing through forms on the website, telephone, e-mail, correspondence and similar media for the legal reasons specified in Article 2 of this Clarification Text. Your collected personal data may also be processed and transferred in accordance with the PDP Law and and for the purposes specified in Articles 2 and 3 of this Clarification Text.

    5. What are your rights under the Law No. 6698 on the Protection of Personal Data?

    Pursuant to Article 11 of Law No. 6698, you have the right to learn whether your personal data has been deleted, request information if your personal data has been processed, learn the purpose of processing and whether it is used in accordance with this purpose, know the persons to whom your personal data have been transferred, request the correction of your personal data if it is incomplete or incorrectly processed, the deletion or destruction of your personal data in cases regulated by the Law, and the notification of these two situations to the persons with whom your data are shared, and you have the right to object to the processing of your data exclusively through an automated system in the event of an outcome against you and request compensation for your damages in case your data is processed in violation of the law.

    6. How do you contact the data controller?

    You may communicate your rights listed above to our Company in writing with wet signature or by using the registered electronic mail (KEP) address, secure electronic signature, mobile signature or the electronic mail address previously notified to our Company by the person concerned and registered in our Company’s system.

    Address for written applications: MAB TURKEY A.Ş., Venezia AVM, J Blok, Kat: 3, Ofis No: J76, GOP – İSTANBUL.

    You can submit your application via the Application Form on our website. In order for a person other than the personal data owner to make a request, there must be a special power of attorney issued by the personal data owner on behalf of the person who is to make the application. Duly submitted requests will be finalized free of charge within thirty days at the latest. The Company may request additional information if it deems necessary to determine whether the applicant is the personal data owner and to evaluate the requests, and may ask the personal data owner questions about the application in order to clarify the issues specified in the application.

    Veri Sorumlusu:
    • MAB TURKEY A.Ş.
    • Adres: Venezia AVM, J Blok, Kat: 3, Ofis No: J76, GOP – İSTANBUL
    • Telefon : +90 536 771 32 30
    • Email : info@mabturkey.com

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