Fairmont Quasar Istanbul Prices and Details 2026
Mecidiyeköy, Şişli, Istanbul
1 / 23Fairmont Quasar Istanbul apartments for sale start at about $659,000 (six hundred fifty-nine thousand dollars) for a 1+1 in agency listings from 2025 – 2026, while 3+1 listings go up to $2,800,000 (two million eight hundred thousand dollars). The project sits on Büyükdere Avenue in Mecidiyeköy, Şişli, roughly 600 metres from Mecidiyeköy metro station. A joint venture of Swiss-owned Viatrans and Meydanbey built it on a former liqueur factory site owned by Emlak Konut GYO, as a two-tower mixed-use scheme with 257 homes, 58 offices and the Fairmont hotel. The residences were handed over in 2017, and since the developer has sold out, purchases now happen on the resale market. Based on the only rental listing found, the gross rental yield is around 2.9% – 3.4% (two point nine to three point four percent). Property Time Istanbul's office is at Skyland in Sarıyer; every legal step of the purchase is handled by Att. Egemen Yasin Şahalioğlu.
What are the key facts about Fairmont Quasar Istanbul?
Fairmont Quasar Istanbul is a mixed-use project combining residences, a hotel, offices and retail, developed by the Viatrans – Meydanbey Joint Venture on the former Liqueur Factory site in Mecidiyeköy. The land belongs to Emlak Konut GYO, and the project was built under a revenue-sharing model. The architecture is by Emre Arolat, and the interiors of the residences and common areas are by Dutch designer Marcel Wanders. The official project name is Quasar İstanbul; the Fairmont name comes from the Fairmont Quasar Istanbul hotel operating in one of the towers.
Source: Emlak Konut GYO project page, emlakjet.com project page, guncelprojebilgileri.com, residenceindex.com, propertyistanbul.com, quasaristanbul.com, Hospitality Net (14.03.2013), Luxury Travel Advisor (23.02.2017). Sources give the floor count as 40, 41 or 48, and the number of homes varies between 239 and 257.
What parts does Fairmont Quasar Istanbul consist of?
The project consists of two towers, an office podium that carries them, and the restored historic liqueur factory building. According to Emlak Konut GYO's project page, Quasar İstanbul was the first Turkish project to receive the German DGNB Green Building Gold Certificate.
Homes from 1+1 up to 5+1 duplexes and penthouses; some listings mention residential floors up to the 39th. The residential tower is about 160 metres tall.
Opened in February 2017 with 209 rooms, a Willow Stream Spa and five food and beverage outlets. Fairmont Residences owners can use the hotel's services.
The factory, built in the 1930s to a design by Robert Mallet-Stevens, was restored. Around it, about 5,000 m² of garden and 80-year-old plane trees are preserved.
Source: Emlak Konut GYO project page, Hospitality Net (14.03.2013), Luxury Travel Advisor (23.02.2017), spaceistanbul.com project page, Wikipedia – List of tallest buildings in Istanbul.
How much are apartments for sale in Fairmont Quasar Istanbul?
At Fairmont Quasar Istanbul, agency listings put 1+1 apartments from $659,000 (six hundred fifty-nine thousand dollars) and 3+1 apartments from $2,355,000 (two million three hundred fifty-five thousand dollars); the highest 3+1 price is $2,800,000 (two million eight hundred thousand dollars). Prices vary a lot between agencies: the same 1+1 type appears at anywhere from $659,000 to $1,300,000 (one million three hundred thousand dollars). On Emlakjet there is a 2+1 listed at 30,000,000 TL, or about $605,000 (six hundred five thousand dollars), but the listing date could not be verified. Since the developer has sold out, all sales are resales; view, floor and furnishing make a clear difference to the price.
Source: homist.tr project page (1+1, 115 – 142 m², from $659,000; updated 15.07.2025); listingturkey.com project page (1+1 110 m² $942,000, 2+1 190 m² $1,360,000, 3+1 351 m² $2,355,000; updated 26.07.2025); deal-tr.com project page (1+1 $1,300,000, 2+1 $1,600,000, 3+1 $2,799,997; payment info dated 10.07.2026); royalwhiteproperty.com (from $700,000, 28.02.2026); emlakjet.com listings #14058185 (2+1, 30,000,000 TL) and #17751835 (4.5+1, 75,000,000 TL) — listing dates could not be verified; ihomes-realestate.com 5+1 duplex listing (587 m², $4,000,000 + VAT, undated). TL prices were converted at $1 = 49.6 TL (24 October 2026) and rounded to the nearest thousand. There is no current developer price list; all sales are resales.
When the project launched in 2013, prices started at $6,600 per m²; an October 2019 price list showed 1+1s from $647,000, 2+1s from $856,000 and 3+1s from $1,820,000. These figures are out of date, so they are not in the table and are noted only to show how prices have moved.
How does buying in Fairmont Quasar Istanbul work?
As the project is completed, sales are resales: a contract is signed with a deposit and the balance is paid at the land registry together with the title transfer. During this process, the title deed, mortgage and lien check, review of the sale contract and the transfer are handled by Att. Egemen Yasin Şahalioğlu. Buyers who cannot travel to Turkey can complete the title transfer by power of attorney.
How do foreigners buy property in Fairmont Quasar Istanbul?
A foreign buyer first obtains a Turkish tax number and opens a Turkish bank account; then the title deed and encumbrance check, valuation report and contract are completed and the title is transferred. The land registry also confirms that the property can be sold to a foreigner. Every step is followed by Att. Egemen Yasin Şahalioğlu, who works on property purchases by foreigners.
What needs to be done after the title transfer?
After the transfer, the electricity, water and gas subscriptions are opened in the new owner's name, the owner is registered with building management and a property tax return is filed with the municipality. If a citizenship application will be made, the payment documents and the title deed annotation are added to the file at this stage.
How much are apartments for rent in Fairmont Quasar Istanbul?
The only Turkish lira rental listing found at Fairmont Quasar Istanbul is a furnished 3+1 with Bosphorus views at 330,000 TL per month, or about $6,650. Residence Index shows a furnished 119 m² 1+1 offered for 2,500 euros; the listing is undated. Agency pages mention expected rents of $3,000 – $3,500 per month for 1+1s and 2+1s in the area, but that is an estimate, not a listing.
Source: emlakjet.com listing #18908553 (3+1, furnished, Bosphorus view, 330,000 TL/month; listing date could not be verified); residenceindex.com project page (1+1, 119 m², furnished, EUR 2,500; undated); rent estimates from homist.tr (15.07.2025) and guncelprojebilgileri.com. Rate $1 = 49.6 TL; amounts rounded to the nearest ten. The euro amount was not converted to dollars.
What is the rental yield at Fairmont Quasar Istanbul?
In the only case with both sale and rent data for the same type, the 3+1, the gross rental yield comes out at about 2.9% – 3.4% (two point nine to three point four percent). The calculation compares the $79,840 annual rent with 3+1 sale listings of $2,355,000 – $2,800,000; the units are not the same and the rented one is furnished. No dated rental listings were found for 1+1s and 2+1s, so their yield cannot be calculated. After service charges, taxes and vacancy periods, the net yield will be lower.
Can units in Fairmont Quasar Istanbul be rented short term?
Under the rules in force since 2024, short-term rental requires a permit from the Ministry of Culture and Tourism and the unanimous consent of the other owners in a condominium building. In projects with many units this consent is hard to obtain in practice, so investment returns should be calculated on long-term rent.
What are the service charges and buying costs at Fairmont Quasar Istanbul?
Service charges at Fairmont Quasar Istanbul are set by building management according to the apartment's size and the compound's services. We obtain the current service charge for the apartment you are considering in writing from management and share it before purchase. The main buying costs on top of the price are:
By law, buyer and seller pay 2% each; the parties may agree otherwise.
A fixed fee charged for the title deed transaction.
Compulsory earthquake insurance taken out before the transfer.
Licensed valuation; compulsory for purchases by foreigners.
Present at the land registry for buyers who do not speak Turkish.
By Att. Egemen Yasin Şahalioğlu, from contract to title deed.
Fee rates may change with legislation; you can request the exact breakdown in writing before purchase. For new-build purchases, whether VAT is included in the price is also checked.
Can you get Turkish citizenship by buying in Fairmont Quasar Istanbul?
A home or office worth at least $400,000 (four hundred thousand dollars) qualifies for Turkish citizenship by investment; the threshold can also be reached with more than one property.
Every listing found is above the $400,000 threshold: the cheapest 1+1 listing is $659,000, and even the 2+1 portal listing with an unverified date is about $605,000. So every type in the project appears able to meet the threshold on its own. What counts is not the listing price but the value in the SPK-licensed valuation report and the price shown on the title deed. For units registered to a company, the transfer structure needs a separate review.
- The value is determined by a licensed valuation report.
- A no-sale annotation of at least 3 (three) years is placed on the title deed.
- Payment is made in foreign currency and documented through a Turkish bank.
- The application file is prepared and followed by Att. Egemen Yasin Şahalioğlu.
Legislation may change; current requirements are confirmed with the lawyer before applying.
What apartment types are there in Fairmont Quasar Istanbul?
Fairmont Quasar Istanbul has apartments from 1+1 to 4+1, plus duplexes and penthouses on the upper floors. The sizes given in different sources do not match; the ranges below combine several agency and project pages.
Loft-type 1+1s are 116 – 120 m² with one parking space. The most commonly rented type in the project.
Mostly with two parking spaces; Bosphorus-facing units are noticeably more expensive.
Family apartments with large living rooms; listings include furnished and Bosphorus-view options.
Large apartments on the upper floors; some listings describe them as 4.5+1.
Duplex with a mezzanine on the 39th floor; listed at $4,000,000 + VAT.
According to the 2017 announcement, 64 homes with access to the hotel's spa, pools and restaurants.
How do you get to Fairmont Quasar Istanbul?
The easiest way to reach Fairmont Quasar Istanbul is via Mecidiyeköy metro station (M2 and M7), about 550 – 700 metres away, and the Mecidiyeköy Metrobus stop. The project is right on Büyükdere Avenue, so Levent, Maslak, the Bosphorus bridges and the TEM motorway are a short drive away.
How long does it take from Fairmont Quasar Istanbul to Istanbul Airport?
Istanbul Airport is about 35 – 45 minutes by car from Fairmont Quasar Istanbul, depending on traffic. By public transport, you can take the M2 one stop to Gayrettepe and change to the M11 airport metro. Sabiha Gökçen is about 55 km away; allow 50 minutes to 1 hour 5 minutes depending on traffic.
What amenities does Fairmont Quasar Istanbul offer?
At Fairmont Quasar Istanbul, residents have pools, a spa, a hammam and a gym, and can also use the hotel's restaurants and services. What sets the project apart from nearby towers most clearly is the roughly 5,000 m² garden preserved in the city centre.
Is Fairmont Quasar Istanbul a good investment?
With its central location, hotel-serviced concept and finished building, Fairmont Quasar Istanbul is a strong candidate for buyers who want to live there or want a prestige address; however, rental yield is low and listing prices differ widely between agencies. An investment decision should rest on several listings of the same type and a valuation report, not on a single listing.
- Walking distance to Mecidiyeköy metro and Metrobus, on Büyükdere Avenue
- Fairmont hotel services and a branded residence concept
- Emre Arolat architecture, Marcel Wanders interiors, DGNB Gold certificate
- All types above the $400,000 threshold per listings
- Gross rental yield around 3% in the one case found, below the Şişli average
- Listing prices for the same type range from $659,000 to $1,300,000
- Service charges are not public and may be high because of hotel services
- Some units are registered to companies and sold with VAT; the transfer structure must be checked
Whichever apartment you choose, the title deed record, condominium status, mortgages and annotations, and for company-owned units the share or asset transfer structure, should be checked before purchase as part of a title deed and legal review.
What other projects are near Fairmont Quasar Istanbul?
The projects closest to Fairmont Quasar Istanbul lie along the Şişli – Esentepe – Levent axis; Nurol Life Penthouse and Nişantaşı Koru Bosphorus are a few kilometres away, while Polat Levent Exclusive and Skyland İstanbul are a short drive away.
Who should you buy Fairmont Quasar Istanbul from?
Property Time Istanbul is a licensed Istanbul firm offering property and legal advice to foreign and local buyers, with its office in Skyland Istanbul, Sarıyer. We represent the buyer, not the developer: we show apartments on site, compare prices with current market listings and manage the process up to the title deed. All legal work, including the title deed check, contract, transfer and citizenship application, is handled in full by Att. Egemen Yasin Şahalioğlu, registered with the Istanbul Bar Association (registration no. 66465).
Skyland İstanbul, Huzur Mah. Azerbaycan Cd. No:4 D:238, 34415 Sarıyer/İstanbul · info@propertytimeistanbul.com · About · Contact · Att. Egemen Yasin Şahalioğlu
Frequently asked questions about Fairmont Quasar Istanbul
Are Fairmont Quasar Istanbul and Quasar İstanbul the same project?
Yes. The official name is Quasar İstanbul; the Fairmont name comes from the Fairmont Quasar Istanbul hotel in one of the towers. Some of the homes were marketed as hotel-serviced Fairmont Residences.
What is the cheapest apartment at Fairmont Quasar Istanbul?
The lowest agency price is about $659,000 for a 1+1. A 2+1 listing of about $605,000 appears on Emlakjet, but its date could not be verified; the current price should be confirmed on request.
Has Fairmont Quasar Istanbul been completed?
Yes. The hotel opened in February 2017 and the residences were delivered in November 2017. The developer has sold out; purchases are made on the resale market.
How many homes are there at Fairmont Quasar Istanbul?
The project has 257 homes, 58 offices, 17 shops and 4 cafés. According to the 2017 hotel announcement, 64 of the homes were offered as Fairmont Residences. Some sources give the number of homes as 239.
Who built Fairmont Quasar Istanbul?
The project was developed by a joint venture of Swiss-owned Viatrans and Meydanbey on Emlak Konut GYO land under a revenue-sharing model. The architecture is by Emre Arolat and the interiors by Marcel Wanders.
What is the nearest metro station to Fairmont Quasar Istanbul?
The nearest station is Mecidiyeköy, where the M2 and M7 lines meet, about 550 – 700 metres from the project. The Mecidiyeköy Metrobus stop is also about 700 metres away.
What is the rental yield at Fairmont Quasar Istanbul?
The only 3+1 rental listing found is 330,000 TL per month; compared with sale listings of the same type, the gross yield comes out at 2.9% – 3.4%. No dated rental listings were found for other types.
Can you apply for citizenship by buying an apartment at Fairmont Quasar Istanbul?
All listings found are above the $400,000 threshold. Eligibility depends on the valuation report and the title deed price, not the listing price; the process should be handled with a lawyer.
Can Fairmont Quasar Istanbul residents use the hotel services?
Residents of the homes marketed as Fairmont Residences can use the hotel's spa, pools, hammam and restaurants. Which services are covered by the service charge should be confirmed for each unit with the seller and the management.
Are apartments at Fairmont Quasar Istanbul sold furnished?
It depends on the listing. Some apartments are listed furnished with Bosphorus views, others are sold empty. Whether furniture is included should be stated clearly in the sale contract.
What is the title deed status at Fairmont Quasar Istanbul?
The homes are marketed as freehold; however, some listings state that the unit is registered to a company and sold with VAT. The title deed record and transfer structure must be checked before buying.
Who handles the legal process when buying at Fairmont Quasar Istanbul?
For purchases through Property Time Istanbul, the title deed check, contract, title transfer and citizenship application are handled by Att. Egemen Yasin Şahalioğlu, registered with the Istanbul Bar Association.
What are the buying costs at Fairmont Quasar Istanbul?
The main costs are the 4% title deed fee (by law 2% each for buyer and seller), the land registry service fee, DASK insurance and, for foreigners, a valuation report and a sworn translator. Service charges are set by building management and confirmed in writing before purchase.
Can units in Fairmont Quasar Istanbul be rented short term?
Short-term rental requires a permit from the Ministry of Culture and Tourism and the unanimous consent of the other unit owners; in projects with many units this consent is hard to obtain in practice.
Where do Fairmont Quasar Istanbul prices come from?
Prices are compiled from the portal listings, estate agencies and developer price lists named under each table on this page; Turkish lira amounts are converted to US dollars at the 24 October 2026 rate ($1 ≈ 49.6 TRY). They are asking or list prices.