Introduction to the Media Highway Zone
The Media Highway, officially known as Basin Ekspres and designated as Highway O-7, is a crucial commercial and residential corridor in Istanbul. This area connects the old Atatürk Airport, the E5, and the E6 highways, extending northward toward the Mall of Istanbul. With its strategic location and ongoing redevelopment, it has become a prime focus for investors looking at Istanbul apartments for sale or hotel apartments for sale in Istanbul.
A Transformative Real Estate Hub
Historically overshadowed by other business districts due to height restrictions from the old Atatürk Airport, the Media Highway zone is now experiencing a significant transformation. The opening of the new Istanbul Airport in 2018 has catalyzed this change, positioning the Media Highway as a premier business district. The closure of the old airport and the saturation of existing business centers in Levent have accelerated this shift.
Key Developments and Investments
Government and Private Investments
- Government Infrastructure Projects:
- M9 Metro Line: Set to connect Mall of Istanbul with Ataköy Marina, enhancing regional connectivity. Completion is expected in 2019.
- M7 Metro Line: Links Atakent to Şişli and Beşiktaş, with partial openings in 2018 and full completion anticipated by 2020.
- Canal Revival: A new canal running from Ataköy to Mall of Istanbul will offer water taxi services and recreational activities, boosting the area’s appeal.
- Private Investments:
- Former factories have moved to Başakşehir, making way for new commercial and residential complexes along the Media Highway. This area is now seeing billions in private investment.
Commercial and Residential Developments
Commercial District
The Media Highway zone hosts six five-star hotels and several boutique hotels. It is also home to the CNR Expo and the World Trade Center, solidifying its status as a key business and hospitality hub. With the new airport and high-speed rail connections, this area is crucial for business travelers and investors alike.
Residential Demand
- Atakent: A well-established neighborhood with completed mega projects, though prices are high. Investment opportunities in this area are limited due to high costs.
- Mahmutbey: Emerging as a high-demand residential area with new upscale complexes and excellent metro connectivity. It offers attractive investment potential, especially for off-plan purchases.
- Yenibosna: Known for family-friendly amenities and close proximity to the airport, making it ideal for rental investments. Several projects here are nearing completion.
Investment Potential
For those exploring investing in Istanbul real estate, the Media Highway zone offers competitive prices compared to traditional areas like Şişli, Beşiktaş, and Sarıyer, where prices exceed $4,000 per square meter. The Media Highway zone remains an attractive option for investors due to its growth potential and ongoing development.
Conclusion
The Media Highway zone presents a dynamic opportunity for those interested in Istanbul apartments for sale, hotel apartments for sale in Istanbul, or broader real estate investments. With its strategic location, significant infrastructure investments, and emerging residential and commercial developments, it stands out as a prime area for future growth.
Explore investment opportunities in the Media Highway zone and discover how this burgeoning district can fit into your real estate portfolio. For more details on available properties and investment options, view our listings today.