Piyalepaşa İstanbul Prices and Details 2026
Piyalepaşa, İstiklal, Beyoğlu, Istanbul
Piyalepaşa İstanbul apartments start at about $582,000 (five hundred eighty-two thousand dollars) for a 1+1 in the Premium phase, according to the agency price lists we checked in October 2026; 129 m² 2+1s are listed from $986,000 (nine hundred eighty-six thousand dollars). The project is on Piyalepaşa Boulevard in the İstiklal neighbourhood of Beyoğlu, about 1.7 km from Taksim Square. The developer is Piyalepaşa Gayrimenkul, part of the Polat Holding group; deliveries in the first phase of this urban renewal project, built on 82,000 (eighty-two thousand) m² of land, began in 2018. The Premium phase right next to it has about 348 (three hundred forty-eight) apartments, mostly 1+1 and 2+1. The project also includes the Polat Piyalepaşa Çarşı shopping street, office blocks and a planned Marriott-branded hotel. 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 Piyalepaşa İstanbul?
Piyalepaşa İstanbul is a mixed urban renewal project by Piyalepaşa Gayrimenkul, part of the Polat Holding group, on Piyalepaşa Boulevard in Beyoğlu between Kasımpaşa and Okmeydanı. It combines homes, residences, offices, a hotel and an open-air shopping street. Sales began in November 2015, the foundation was laid in 2016 and the first-phase homes were delivered between 2018 and 2019. The Piyalepaşa İstanbul Premium phase, mostly 1+1 and 2+1, was built on the plot next to the first phase; its sales are run by Polat Gayrimenkul. Wikipedia and press reports put the total investment at 800 million dollars.
Source: Wikipedia article on Piyalepaşa İstanbul (developer's legal name, İki Design Group, $800 million investment), Polat Gayrimenkul's official Premium page (address, types, 73 – 129 m²), Emlakjet project page (Premium 340 homes, December 2025 delivery, construction 100%, area breakdown), Güncel Proje Bilgileri (82,000 m² land, 760 homes + 190 residences, Premium 348 apartments and 3 blocks, architect), Ekonomi Gazetesi (28.11.2024, updated 13.08.2025: first phase 989 homes, Premium deliveries end of 2025, Marriott hotels), Anadolu Agency report (24.10.2018: delivery of the first ~220 apartments), Sözcü (29.03.2017: sales start November 2015), Alhafez Real Estate (number of buildings), Residence Index (16 floors, floor plans). Home counts differ between sources.
What phases and shared facilities does Piyalepaşa İstanbul have?
Piyalepaşa İstanbul has two residential phases linked by commercial and social areas: the occupied first phase, the Premium phase next to it and the Polat Piyalepaşa Çarşı shopping street between them. The complex has an indoor pool, gym, sauna, Turkish bath, cinema and sports courts; Premium apartments come with underfloor heating and built-in appliances as standard.
Residential and residence blocks; 1+0 to 4+1 apartments, occupied since 2018.
1+1 and 2+1; 73 – 129 m², 2+1 can be converted to 3+1 on request.
Polat Piyalepaşa Çarşı, a planned 201-room Courtyard by Marriott and 128-room Residence Inn by Marriott, office blocks.
Source: Polat Gayrimenkul Premium page (apartment features, shopping street), Ekonomi Gazetesi (hotel room counts, ~1 km shopping axis, 1,000 m² art centre), Residence Index and Emlakjet project pages (shared facilities), Taşınmaz Haber (04.03.2025: EV charging), Anadolu Agency (24.10.2018: green space share, LEED target). Whether the hotels have opened and whether shared facilities are covered by the service charge should be confirmed with site management before buying.
How much are Piyalepaşa İstanbul apartments for sale?
The lowest price we found for Piyalepaşa İstanbul as of October 2026 is $581,858 asked for a 72.84 m² 1+1 in the Premium phase, or about $582,000 (five hundred eighty-two thousand dollars). In the same agency list 1+1s go up to $880,000 (eight hundred eighty thousand dollars); 129 m² 2+1s are priced between $1,086,000 (one million eighty-six thousand dollars) and $1,356,000 (one million three hundred fifty-six thousand dollars), while another agency listing shows a 2+1 at $986,000 (nine hundred eighty-six thousand dollars). That works out to roughly $7,600 – $10,500 per m². We could not find current prices for the 3+1 and 4+1 apartments in the first phase; these are priced on request, and the Emlakjet project page shows no price either.
Source: Alhafez Real Estate project page (last updated 11.08.2026: 1+1 72.84 – 90.98 m² $581,858 – $880,338, 2+1 129.19 m² $1,086,061 – $1,356,000; no prices given for Phase 1 3+1 and 4+1), listing.global listings (24.03.2026: 1+1 72 m² $582,000, 2+1 129 m² $986,000), Realting project page (01.10.2026: from $648,245, type not stated). Select Turkey's list dated February 2025 (1+1 $528,000, 2+1 $847,000) and older price lists from 2016 – 2023 were not used because they are out of date. The Deal Real Estate page shows figures dated 27.02.2026 of 13,247,996 for a 145 m² 2+1, 14,058,000 for a 165 m² 3+1 and 18,559,000 for a 221 m² 4+1 marked as "USD"; they were left out of the table because the currency is inconsistent and the listing appears as "Sold". All prices are agencies' dollar list prices, rounded, and should be confirmed with the seller.
How does buying in Piyalepaşa İstanbul 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 Piyalepaşa İstanbul?
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 Piyalepaşa İstanbul apartments for rent?
Both rental listings we found for Piyalepaşa İstanbul are furnished 2+1s in the first phase: a 146 m² apartment for 120,000 TL a month, about $2,420 (two thousand four hundred twenty dollars), and a 139 m² luxury furnished apartment for 150,000 TL a month on a 6 – 12 month lease, about $3,020 (three thousand twenty dollars). The same apartment is offered from 198,000 TL a month (about $3,990) for short stays of 1 – 6 months. The listing dates could not be seen; we found no current rental listings for 1+1s, 3+1s or the Premium phase.
Source: Residence Index listings #26438 (2+1, 146 m², furnished, 120,000 TL a month) and #172862 (2+1, 139 m², luxury furnished, 2nd floor; 150,000 TL a month for 6 – 12 months, 198,000 TL for 1 – 6 months); listing dates could not be seen. We found no rental listings inside the project on Emlakjet or Trovit in October 2026. TL amounts converted at 1 $ = 49.6 TL (24 October 2026) and rounded.
What is the rental yield at Piyalepaşa İstanbul?
The rental yield at Piyalepaşa İstanbul cannot be calculated precisely, because we found no apartment in the same phase with both a sale and a rental price. As a rough indicator, the $29,000 – $36,300 annual rent of the furnished first-phase 2+1s, compared with the $986,000 – $1,356,000 list price of 129 m² Premium 2+1s, gives a gross 2.1% – 3.7%. The rented apartments are larger and furnished, and the Premium units for sale are in a different phase, so this figure is only a rough guide.
Can units in Piyalepaşa İstanbul 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 Piyalepaşa İstanbul?
Service charges at Piyalepaşa İstanbul 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 Piyalepaşa İstanbul?
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 price we found in the Piyalepaşa İstanbul Premium phase is comfortably above the $400,000 threshold; even the cheapest 1+1 is about $582,000. First-phase 3+1 and 4+1 prices are on request, so the threshold has to be checked unit by unit. For citizenship, the value on the title deed and a valuation report from an SPK-licensed appraiser are what count; the agencies' dollar list price and the valuation figure can differ.
- 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 at Piyalepaşa İstanbul?
Piyalepaşa İstanbul has apartments from 1+0 to 4+1; according to the first phase's floor plan records, sizes range from about 61 m² to 223 m². The Premium phase is made up of 1+1s and 2+1s between 73 and 129 m², and most units currently for sale are in this phase.
Studio apartments in the first phase's residence block.
In the first phase; in Premium, plans A1, A2, B, C1 and C2 between 72 and 91 m².
The type with the most plans in the first phase; 129 m² in Premium.
In the first phase; in Premium a 2+1 can be converted to 3+1 on request.
The largest apartments in the first phase; 2 parking spaces in the plan record.
~150 commercial units in Polat Piyalepaşa Çarşı.
How do you get to Piyalepaşa İstanbul?
Piyalepaşa İstanbul is in central Beyoğlu; according to agency sources Taksim Square is about 1.7 km away, 3 minutes by car. Nişantaşı, Beşiktaş and Karaköy are 5 – 10 minutes by car, and the entrance to the Kağıthane – Dolmabahçe tunnels is about 1 minute away. Sources give 500 m or 5 minutes to the metro but do not name the station.
How long does it take from Piyalepaşa İstanbul to Istanbul Airport?
Istanbul Airport is about 40 km from Piyalepaşa İstanbul; by car it takes between 40 minutes and 1 hour depending on traffic. By public transport, the M11 line from Gayrettepe runs directly to the airport, and you can reach Gayrettepe from Taksim on the M2. Sabiha Gökçen Airport is on the Asian side, so the journey can take considerably longer depending on bridge traffic.
What social amenities are around Piyalepaşa İstanbul?
The main social space at Piyalepaşa İstanbul is the Polat Piyalepaşa Çarşı shopping street inside the project, with cafés, restaurants, shops and art galleries. The culture and nightlife of Taksim, İstiklal Avenue and Karaköy are a few minutes away.
Is Piyalepaşa İstanbul a good investment?
Piyalepaşa İstanbul is worth a look for buyers who want a new apartment in a large central Beyoğlu project with its own shopping street and a planned hotel; however, the high price per m² in the Premium phase and the low apparent rental yield call for careful sums. The pros and the points to watch below need to be weighed together.
- ~1.7 km to Taksim Square, in the centre of Beyoğlu
- Large mixed project with homes, offices, a hotel and a shopping street; first phase already occupied
- Every Premium type is above the $400,000 citizenship threshold
- Facilities such as an indoor pool, gym, cinema and covered parking
- Premium price per m² is about $7,600 – $10,500, well above the Beyoğlu average
- Rough gross rental yield is low at 2.1% – 3.7%
- Premium delivery dates differ between sources (December 2025 – Q4 2026); check the occupancy permit
- Resale prices in the first phase are not transparent; agency list prices may leave room for negotiation
Before buying, the title deed record, occupancy permit, service charges, the deed history in the urban renewal area and the valuation report should be checked by an independent lawyer. These checks are carried out by Att. Egemen Yasin Şahalioğlu as part of title deed and contract review.
What other projects are near Piyalepaşa İstanbul?
Near Piyalepaşa İstanbul, along the Nişantaşı, Levent and Kağıthane – Maslak corridor, there are other branded residential projects with different prices and delivery options.
Who should you buy Piyalepaşa İstanbul 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 Piyalepaşa İstanbul
How much is the cheapest apartment at Piyalepaşa İstanbul?
The lowest price we found in October 2026 is about $582,000, asked in an agency list for a 72.84 m² 1+1 in the Premium phase. Prices for the larger first-phase apartments are on request.
Who built Piyalepaşa İstanbul?
The developer is Piyalepaşa Gayrimenkul Geliştirme Yatırım ve Ticaret A.Ş., part of the Polat Holding group. Sales of the Premium phase are run by Polat Gayrimenkul; the architecture is by İki Design Mimarlık.
Are Piyalepaşa İstanbul and Piyalepaşa İstanbul Premium the same project?
They are two phases of the same project. Premium is the new phase of about 348 apartments, mostly 1+1 and 2+1, built on the plot right next to the first phase.
Has Piyalepaşa İstanbul been delivered?
First-phase deliveries began in October 2018 and the homes are occupied. For the Premium phase, Emlakjet shows construction at 100% and delivery in December 2025; some agencies say Q4 2026.
How many apartments are there at Piyalepaşa İstanbul?
The first phase has 950 units: 760 homes and 190 residences; one source gives 989. The Premium phase has about 348 apartments.
Does an apartment at Piyalepaşa İstanbul qualify for citizenship?
Every price we found in the Premium phase, 1+1 included, is above $400,000. The application is based on the title deed value and a valuation report from an SPK-licensed appraiser.
How much is rent at Piyalepaşa İstanbul?
In the two listings we found, furnished 2+1s are offered at 120,000 TL (about $2,420) and 150,000 TL (about $3,020) a month. The listing dates could not be seen.
How far is Piyalepaşa İstanbul from Taksim?
According to agency sources, Taksim Square is about 1.7 km away, 3 minutes by car.
Is there a hotel at Piyalepaşa İstanbul?
A 201-room Courtyard by Marriott and a 128-room Residence Inn by Marriott are planned in the project. Their opening status should be confirmed with the seller.
What amenities does Piyalepaşa İstanbul have?
There is an indoor pool, children's pool, gym, sauna, Turkish bath, cinema, basketball and football courts, children's playgrounds, covered parking and 24/7 security. The Polat Piyalepaşa Çarşı shopping street is inside the project.
Who handles the legal process when buying at Piyalepaşa İstanbul?
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 Piyalepaşa İstanbul?
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 Piyalepaşa İstanbul 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 Piyalepaşa İstanbul 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.