Turkey: Emaar has launched The Address Residence In Istanbul.
Part of the Emaar Square development, The Address Residence In Istanbul features 197 fully furnished residences. They have been developed by Emaar Turkey, a wholly-owned subsidiary of Dubai-based Emaar Properties.
The apartments are located on levels 12 to 29 of The Address Istanbul, a 49-storey building in Emaar Square.
The hotel rooms and suites are located in the first nine levels, and the building also includes a range of restaurants, a spa, pools and health club.
“The global launch of The Address Residence Istanbul in Dubai highlights the strong interest among UAE investors in Turkey’s property sector led by the bilateral trade relations and strong tourism growth,” said Ahmad Matrooshi, managing director of Emaar Properties.
“Turkey is today the most preferred European holiday destination for UAE residents according to reports, which makes the premium serviced residences desirable as second homes or long-term investments. With the project, we are also highlighting the competencies of The Address Hotels + Resorts in Turkey, the first international market for the hotel brand.”
The Address Residence Istanbul is being designed by Foster + Partners, with interiors by HBA.
Emaar Square is the second integrated mixed-use development by Emaar in Turkey, joining Tuscan Valley.
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