Istanbul Airport.. and its great impact on the real estate sector in the region
On October 29, 2018, Turkish President ”Recep Tayyip Erdoğan” inaugurated Istanbul Airport where more than 50 senior guests from around the world had participated, revealing a new stage in the field of Turkish aviation.
On the other hand, Erdoğan described the inauguration of Istanbul’s third airport as a “historic event”, as it will be the largest airport in the world, in addition to being a smart airport that keeps pace with the future, through its characteristics and technology-supported management, and will save energy and water consumption by 40%.
Istanbul Airport, which is located in the Arnavutköy area on the European side of Istanbul, was built within a forest area and nature reserves, on an area of 76.5 million square meters.
The airport consists of 6 runways, with a capacity of 500 aircraft, not to mention that it is equipped with an open garage and a closed garage that can accommodate about 70,000 cars.
Dozens of industrial facilities have also been built at the construction site, including nearly 3,000 heavy machines and more than 10,000 workers working in exceptional circumstances, to complete the airport construction on schedule by 2025.
It was built with the aim of turning the city of Istanbul into a major station on the world aviation map, thanks to its distinguished geographical location, large stations, independent runways, and public facilities that provide the best services in the sector.
Increasing the number of passengers
Istanbul Airport has the largest terminal in the world, with an annual capacity of 90 million passengers. In the same context, the area of the main passenger terminal is 1,400,000 square meters.
As a result of these great features, Istanbul Airport provided services to 103,452,393 passengers during 3 years from the date of its inauguration. While 730,083 flights were carried out to 251 points, despite the outbreak of the Corona pandemic, and the international air transport sector stopping work for about a year and a half.
Great economic returns
In August 2022, the Turkish Minister of Transport and Infrastructure “Adil KARAİSMAİLOĞLU” announced that since the opening of Istanbul Airport, the airport has contributed 80.7 billion euros to the Turkish economy.
The minister said in a tweet on his Twitter account that “Since the opening of Istanbul International Airport, it has achieved revenues of 117 billion euros, excluding expenses”.
In addition, OĞLU stated that “The airport was built without paying a single penny from the state treasury, with investments amounting to 10.25 billion euros, and the total rent is 26 billion euros”.
According to the chart shared by the minister, Istanbul Airport contributed 23.75 billion euros in national income, 51.3 billion euros in production, 4.2 billion euros in exports, and 1.23 billion euros in taxes, and as a result, it has provided job opportunities for about 972 thousand people.
And he stressed that “a total of 246 billion euros has been saved, including 56.5 billion euros of fuel, 7.8 billion euros of environment, and 97.8 million euros of other items”.
How has Istanbul Airport affected the real estate sector in the surrounding areas?
The opening of Istanbul’s new airport had a significant impact on the real estate sector in the surrounding areas and contributed to the development and growth of the city and its surroundings.
The demand for real estates surrounding the airport increased, as well as the demand for investment around it, due to the great importance it added to the area in general, and the prices of these real estate also increased significantly.
In addition, new residential and commercial projects have been developed in the areas surrounding the airport to meet the growing demand for real estate in the area.
Istanbul Airport and the New Canal Istanbul
Istanbul’s New Airport and the New Canal Istanbul are among the most important infrastructure projects that have greatly affected the real estate market in Istanbul in general and the areas surrounding these two huge projects in particular, because these two projects have created many investment opportunities for real estate investors.
The two mega projects are closely linked to each other by the city’s highway system making it easy to reach either one from the other.
Similar to Istanbul Airport, the demand for real estate has increased in the vicinity of the New Canal Istanbul, especially the surrounding lands, which have become one of the most desirable locations for real estate investment in Istanbul.
In addition, the area surrounding the canal has become a popular destination for real estate investors who are looking for properties that will bring them high profits in the near future.
Istanbul Airport collects international awards
Within three years of its inauguration, Istanbul Airport has won many international awards and has been referred to as one of the largest projects that Turkey has witnessed during the Republican era.
Because it has collected a total of 31 international awards since its inauguration, in addition to winning architectural awards before inauguration.
Likewise, on October 27, 2021, it won the awards for “Best Airport in Europe” and “Accessible Airport”, under the seventeenth edition of the European Airports Awards (ACI Europe Awards).
In addition, readers of “Travel + Leisure” American Magazine chose Istanbul Airport as the second best airport in the world, while more than 800,000 readers and followers of the magazine sent positive comments about its recent research on the airport.
It was also awarded the best airport in the air transport sector within the “Air Transport Awards 2021” and was also included among the 10 best in the “World’s Best Airports 2021” survey by the “Travel + Leisure” American Magazine.
In addition to the above, Istanbul Airport, which has made a name for itself through the awards it has received, has also achieved success because it provides the best services to the aviation and air transport sector, despite having received, since its opening, the largest number of travelers in Europe and the world.
Unique investment opportunities with Go Smart
Go Smart Real Estate Investment Company offers the best and most unique investment opportunities in the lands surrounding the New Canal Istanbul, which is special for its proximity to very important areas such as Istanbul’s New Airport.
On the other hand, Go Smart works with a specialized and experienced team that strives to provide the best for all investors who place their trust in them to get unique investment opportunities that bring them great returns.
Source: (Anadolu Agency)
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