Apartments for sale in Istanbul, Mahmoud Bey, Fat Express project

About This Listing

Vaat Express Project :

Located in the Mahmud Bey area, it is one minute away from ALTINBAAllah University and there are views of it from the university and close to Basan Express Street.

Project Area:

IT IS SURROUNDED BY MANY SERVICES AND FACILITIES THAT GIVE GOOD VALUE TO THE PROJECT, THE MOST IMPORTANT OF WHICH IS ALTINBAŞ UNIVERSITY, WHICH IS ONLY 150 METERS AWAY.

Right behind the project is a metro station, another metro station, about a walk 10 minutes away, close to the tramway station and bus stops close by.

A major feature of the project area is that it is close to Basan Express Street, Istanbul's new commercial hub with many services and features, such as shopping malls, universities, schools, and international hotels.

Exterior Design:

The Vaat Express project is a single tower with a height of up to 14 floors, a total land area of 3500 square meters and a green area that constitutes 30% of the total area.

A total of 150 apartments... on each floor there are 10 apartments in patterns 1 + 1 and 2 + 1, each with a small balcony (French Style)

Apartments on the ground floor have gardens with various areas from 12 m² to 30 m² depending on the direction and construction angle chosen.

Below the project, there are four two-floors high shops with Spaces of up to 500 square meters each.

Social Services:

The complex system is based on Home Office, but the real estate developer has provided all the social services in the residential complexes such as the swimming pool, Turkish Baths, gym, and saunas to make the project suitable for everyone, which is divided between men and women in days, in addition to the presence of underground parking and 24-hour security.

Interior Finishes:

The electrical appliances will be of the Vestel brand or Arçelik, the bathrooms are from the Vitra brand and the doors are from the Kale brand, and the appliances that will be delivered with the apartment are the oven, cooker, hood, dishwasher, and an air conditioner may be delivered in the apartment.

About the real estate developer Vaat Holding:

The developer has areas of work other than construction, such as hotel management, as he owns the Emas Hotel Group in northern Turkey and has a hotel under construction in Istanbul.

He has undertaken several construction projects and has delivered projects in northern Turkey such as Trabzon and Samsun that any investor can view and evaluate the real estate developer's performance through.

The vaat Express project is the first project for the developer in Istanbul with its delivery planned for the end of 2023.

Another similar future project is being planned in the Basin Express region, which is the vaat center, and another in the Başakşehir region.

Apartment style and prices:

The total areas of the apartments in the 1+1 system are 75 meters and a net of 48

As for the area of the 2+1 system, the total area is 100 meters and the net is 61 meters

The price per square meter in the project ranges between 2500 and 3800 USD.

The price of a 1+1 apartment ranges between 200,000 and 233,000 USD

As for the 2+1 apartments, their prices range between 233,000 and 293,000 USD

Payment can be made through the installment system 50% down payment and the rest to be collected over 12 months

The real estate developer gives a discount on the price when the installments are paid in dollars, and the discount is deleted when the installment is made in Turkish lira, as the exchange rate is fixed on the day of signing the contract.

Investment vision of the project:

We can read the investment profits upon resale, since the project is in the early stages of construction, it is expected to obtain a percentage ranging between 35 and 45% as profits upon completion of the project if the purchase is made at this stage and the sale upon delivery.

As for the rent revenues, the apartment can be offered for tourism rental and obtain annual profits of 8 or 9%, and it can also rely on annual rental, And since the project is close to the university and its investment as housing for students and obtaining annual returns that can reach 5%.

Disadvantages of the project:

In conclusion, we can say that the disadvantages of the project are summarised in the following points:

Home office systems may be unpopular for those who are wishing to reside because of the potential for commercial office space on the campus or tourist apartment rentals such as the hotel system

Many prefer that social services be available separately in places between men and women, not on days

One Of The Displaces Of One Side Of The Tower Is That On The Left Side Of The Tower, A Building For The Electricity Company Will Prevent People On That Side From Having a Fully Open View Than The Rest Of The Apartment

The last thing that can be said about defects is that the balcony is small and unsuitable for large sessions, and large glass facades are an advantage that covers this point.

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