Penthouses in Istanbul

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Penthouses in Istanbul

A penthouse in Istanbul, Turkey is the epitome of luxury and a symbol of affluence and success. Purchasing such a property is no more difficult for foreigners than buying any other type of real estate. It’s only a matter of availability, as duplex apartments on the upper floors are not offered in all buildings. That is why it takes little time to view all the active listings. This kind of property in Istanbul is a great choice if you’re looking for a luxury home with the best views.

Penthouses for sale in Istanbul

Penthouse prices in Istanbul vary depending on the stage of completion. An off-plan apartment is much cheaper than a commissioned one. Due to the sizes and locations of these homes, the value of your newly purchased property is sure to exceed $400,000, making you eligible for Turkish citizenship. Of all the apartments for sale in Istanbul, a penthouse is the most unconventional, so every offer is unique.

  • A duplex penthouse in a 10-storey building in the district of Pendik is currently at the construction stage and scheduled for commissioning in the third quarter of 2023. With a floor area of 148 m², 4 bedrooms, and 2 balconies, it’s quite unusual for properties of this type. The word “usual”, though, assumes a somewhat different meaning in the case of penthouses, e.g., it’s common for these properties to have larger terraces and balconies, a jacuzzi, a separate dressing room, and other features of a high-end home. The location of the building also matters: this property, in particular, is moments away from shops and pharmacies. All major motorways are also nearby, as is the Sabiha Gökçen International Airport. Pendik in general is quite a diverse community, with a strip of coastline and spacious green areas. It’s currently among the top locations in value for investments in off-plan real estate.
  • A move-in-ready duplex apartment, with a floor area of 358 m2, is located in a 6-storey building in Eyüpsultan, proving that upscale property doesn’t have to sit on top of a skyscraper. This complex, with a stunning view of the nearby forest, has been commissioned recently and has not yet reached full occupancy. The residence on offer features 5 bedrooms, 4 bathrooms, several balconies, a kitchen fully equipped with state-of-the-art appliances, and a maid’s room. Most importantly, most of the rooms open onto a spacious terrace. The feel of a private backyard in a multi-storey building with 360o views is the key advantage of this new apartment in Istanbul on the upper floors.
  • A luxury penthouse in Istanbul doesn’t have to be large. You can find a 2-bedroom, 1-bathroom option with a floor area of 68 m² in Kadıköy. This roof-level property is located in an off-plan five-storey building with a guarded parking lot and a video surveillance system. The relatively small neighbourhood of Kadıköy is considered to be a good location for property investment due to its long coastline, proximity to Downtown, and extensive facilities. All types of apartments are popular in local residential projects. This particular home is within walking distance of public transport stops, shops, and restaurants, and also moments away from the sea. Local beaches are less than a kilometre away.

Cost of penthouses in Istanbul

  • A 148 m² duplex penthouse with 4 bedrooms and 2 bathrooms in Pendik costs approx.$640,000. Besides the parameters of the residence itself, the value is driven by the extensive facilities of this off-plan residential project. Along with a fitness centre and a guarded parking lot, which is pretty common, it will feature a swimming pool, a playroom, and an inner garden with a barbecue area. A power generator will provide electricity at any time of the day.
  • A duplex 5-bedroom apartment in Eyüpsultan with a floor area of 358 m² is worth upwards of $2.5 million. This penthouse is completely ready for occupation - the owners will only need to purchase furniture and connect the already-instaled kitchen appliances. The gated residential project features extensive facilities, e.g., a swimming pool ( hidden in a recess in the courtyard), basketball and volleyball courts, a sauna, a spa salon, and a fitness centre. The complex has 24/7 security. The owner of this apartment is entitled to 3 parking bays in the covered parking lot.
  • A 2-bedroom, 1-bathroom apartment with a floor area of 68 m2 in Kadıköy sells for $425,000. Its price is determined by the fact that this property will be commissioned in the third quarter of 2023, making it somewhat cheaper, yet its location and proximity to the sea raise the value to that of a Downtown property. Homes in this part of the city make great rental properties, so it’s a great idea to purchase this penthouse in Istanbul for investment.

Investment

Construction companies in Istanbul don’t offer many move-in-ready penthouses. This is one of the reasons why investment penthouses in Istanbul do not generate any immediate return. Most of these homes are high-end and require a considerable investment, although you can also find smaller-area penthouses with prices comparable to that of regular apartments. Foreigners wanting to rent an upscale home in this city are often interested in penthouses, so you can use your purchase as a buy-to-rent property for expats and new immigrants.

Buy a penthouse in Istanbul

Our professional staff will gladly help you to select a buy-to-live or buy-to-rent penthouse in new developments in Istanbul that will meet all your requirements. You can view prices in euros and dollars and request a catalogue from developers with all the necessary information. We will also explain in detail how to apply for a residence permit and Turkish citizenship upon purchasing real estate. Please text us via online chat or fill in a request on the website to receive current listings of property for sale in Turkey.