Istanbul's new airport was inaugurated by Turkish President Recep Tayyip Erdogan on October 29 of the year 2018 AD, which is the national day of the Turkish state. The city of Istanbul is the largest financial, economic, commercial and real estate investment center in the region. The opening of Istanbul's third airport represented a quantum leap that increased the importance of the city of Istanbul and reflected positively on the Turkish economy and the field of investments in it.
The area of the airport is estimated at 76.5 million square meters, and the area of the main building of the airport is about 1 million and 300 thousand square meters, and thus it is considered the largest airport in the world, the new Istanbul Airport is the largest in the world as the airport serves more than 200 million passengers per year by providing more than 1000 flights per day in it.
In this article, MBANY Real Estate will provide you with a brief overview of Istanbul Airport in terms of location, importance, advantages, and impact on real estate investment in Turkey.
Location :
The Turkish government has chosen the best location for the construction of Istanbul's third airport, where the new Istanbul airport is located in the Arnavutkoy region on the European side of Istanbul, within an area of forests and nature reserves, on the Black Sea coast, and the airport's area is estimated at 76.5 million square meters, and the area of the main airport building With an area of one million and 300 thousand square meters, and thus it is considered the largest airport in the world. The location of the airport is very ideal as it is distinguished by its proximity to hotels, main roads and important centers in the city. What also distinguishes Istanbul’s new airport is:
The importance of Istanbul's new airport
This airport had to be built, especially after the population increased in addition to the increase in the number of tourists who come to Turkey, where nearly 80 million people live in Turkey, and the population increases with the increasing number of tourists throughout the year and the presence of two airports in Istanbul with these Heavy air traffic is never enough for these numbers, so the government has begun building a new airport in Istanbul, which has a population of about 22 million, including at least 4 million residents. In this regard, the Turkish government has sought to attract and acquire the largest number of commercial centers and giant companies in the world, and has established the new airport in coordination with major projects that all converge at one point, as it combines the airport area, the express transport line, the express train line and the sea channel parallel to the Bosphorus “Istanbul Canal.” “One way, and the site also provides travelers with the opportunity to reach air, land and sea transportation centers at the same time, in addition to some important points, including:
Features of the new Istanbul airport
The impact of Istanbul's new airport on the real estate sector
It coincided with the opening of the new Istanbul Airport, a great movement in the field of real estate ownership in Turkey and the attraction of many real estate investors, especially after the Turkish citizenship law through real estate ownership, as the airport increased real estate investment opportunities in the areas surrounding and near Istanbul Airport, and this very thing we are beginning to see its signs Through the high prices of real estate and lands in Istanbul in the areas surrounding the airport, especially the real estate and lands of Basaksehir and Arnavutkoy. The new Istanbul airport has also marked an important turning point in the path of Turkish economic progress and development, as Turkey aspires to reach one of the top ten countries in the world in terms of economy, and it is expected that the return from airport revenues will amount to about 5% of the total Turkish economic revenues.
24-04-2024 
