Istanbul, Turkey
Price from
$1,125,000
US dollar amounts are shown for easier comparison. The developer's price is set in the listing currency.
$7,785 / m²
+55% vs the city median (Istanbul), sample of 30 projects
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Data verified Aug 8, 2026price source: developer partner networkupdated 2 mo. ago
Properties
Condominium
Area
145 - 501 m²
Bedrooms
1 - 4
Completion
Q2 2027
Readiness
Under construction
Dry season
Jul, Aug, May
Properties
Condominium
Area
145 - 501 m²
Bedrooms
1 - 4
Completion
Q2 2027
Is this expensive for the city
$7,785per m²pricier than 85% of city projects
+55% vs the city median (Istanbul), sample of 30 projects
Rate as of 2026-10-12, city data updated 2026-10-12. Prices converted to US dollars at the quote-date rate. Source: Housebook catalogue.
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What it really costs
Payment plan
Step 1
On contract
30%$337,500
Step 2
Tax
4%$45,000
Step 3
On transfer
70%$787,500
The developer may revise the payment schedule. Confirm the current terms before the deal.
ROI Calculator
A 6% annual yield estimate. We do not have market rental rates for this city yet. Check the real rate with your agent.
Ask agent about rental ratesTelegram$4,254
$51,046
5.7%
4.5%
$1,505,504
57%
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When is the season here
Driest months: Jul, Aug, May
Wettest months: Dec, Jan, Oct
Dry months per year: 6. A month counts as dry when its rainfall is below the annual median of monthly rainfall.
Show monthly table
| Month | Temperature, °C | Rainfall, mm |
|---|---|---|
| Jan | 5.8 | 79 |
| Feb | 6.5 | 67 |
| Mar | 8.6 | 53 |
| Apr | 12.1 | 42 |
| May | 17.4 | 35 |
| Jun | 22.3 | 36 |
| Jul | 25.1 | 20 |
| Aug | 25.5 | 22 |
| Sep | 21.9 | 54 |
| Oct | 17.0 | 70 |
| Nov | 12.3 | 63 |
| Dec | 7.8 | 82 |
Source: NASA POWER, climate normal (2001-2020). Grid node 41.0, 29.0. This is a multi-year normal, not a weather forecast.
About the project
Properties
Condominium
Completion
Q2 2027
Status
Under construction
Area
145 - 501 m²
Properties
Condominium
Completion
Q2 2027
Status
Under construction
Area
145 - 501 m²
Description
Rixos is developing Tersane Istanbul in the Istanbul region, in the city of Istanbul. The project is under construction, with completion scheduled for June 2027.
Units range from 1 to 4 bedrooms, with areas from 144.5 to 501 square meters. Prices start at 1,125,000 USD and go up to 7,067,500 USD, with a price per square meter of 7,785 USD.
The spread between the smallest and largest units, and between the lowest and highest prices, reflects the wide range of layouts on offer, from compact one-bedroom apartments to four-bedroom units exceeding 500 square meters.
This description was prepared with the help of artificial intelligence from developer data and public sources. Please check key figures and terms with our adviser.
Location
Istanbul, Turkey
Market context
Apartment price
$1,800 per sqm
+12-15% YoY
Luxury waterfront price
$4,000 per sqm
+12-15% YoY
Foreign buyer transactions
$8.5 billion
Airbnb yield
7-10%
Mortgage rate
1.8% monthly
-28% YoY
Istanbul’s residential prices kept climbing in 2025, up 12‑15% year‑on‑year to about $1,800 per sqm in prime districts and $4,000 per sqm for luxury waterfront units. Rental demand remains strong, driven by 20 million tourists and short‑term yields of 7‑10%, while foreign buyer transactions reached $8.5 billion in 2024 and are expected to exceed $10 billion in 2025. Lower mortgage rates, now 1.8% monthly, are further supporting buyer activity.
Sources (6) · updated 21/08/2026
- Istanbul Turkey Real Estate in 2025 Trends and Future Expectations
- Turkish Property Price Trends 2025 - IDEAL ESTATES ALANYA
- Property Market In Turkey 2025: Full Analysis, Risks (CGT, Iskan) & 2026 Forecast
- Türkiye's housing market stays hot as sales hit fresh 2025 peak | Daily Sabah
- Rental trends in Türkiye and Istanbul 2025-2026: How has the law changed?
- The Best Areas in Istanbul for Rental Yield in 2025
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