Babacan Meridian Prices and Details 2026
Gayrettepe, Beşiktaş, Istanbul
1 / 12Babacan Meridian apartments start from $547,000 (five hundred forty-seven thousand dollars) on the current price list; that figure is for a 68 m² 1+1, and the most expensive unit on the list, a 3+1 duplex, is priced at $1,974,000 (one million nine hundred seventy-four thousand dollars). The project is being built by Babacan Yapı, the construction arm of Babacan Holding, in the Gayrettepe area of Beşiktaş, on land the company already owned. A single block is planned with 70 (seventy) homes and 6 (six) street-facing commercial units; the apartments come as 1+1, 2+1 and rooftop 2+1 and 3+1 duplexes. Construction is ongoing, and current sources give 30 June 2027 as the delivery date. The advertised payment plan is a 35% (thirty-five percent) down payment and 24 (twenty-four) monthly instalments. Fulya M7 metro station is about 700 metres away, and Zorlu Center and Nişantaşı are a few minutes off. 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 Babacan Meridian?
Babacan Meridian is a single-block, boutique-scale residential and retail project being built by Babacan Yapı in Gayrettepe, Beşiktaş. Sales opened in November 2024 with a pre-registration campaign; to finance the project, the "Babacan Meridian Project Real Estate Investment Fund" was set up under Nurol Portföy, and its prospectus was approved by the Capital Markets Board (SPK) on 20 January 2025. Sources differ slightly on the number of homes and floors.
Source: launch news on gazetebirlik.com and emlakbulten.com (16 November 2024), the Nurol Portföy Babacan Meridian Project REIF prospectus published on KAP (SPK approval 20.01.2025), project pages on emlakplatform.com.tr and daar.com.tr (September 2026), project page on hayat-ist.com. Accessed: 27 October 2026.
What amenities and features does Babacan Meridian have?
At Babacan Meridian, the shared facilities such as the indoor pool, spa and gym are all inside the building, while the ground floor is designed as a shopping frontage of shops opening onto the street. The launch statement also highlights smart home systems and indoor sports areas.
Source: launch news on emlakbulten.com (16.11.2024), project pages on emlakplatform.com.tr, mbany.com and hayat-ist.com. Accessed: 27 October 2026.
How much do apartments for sale at Babacan Meridian cost?
At Babacan Meridian, 1+1 apartments are listed between $547,000 (five hundred forty-seven thousand dollars) and $775,000 (seven hundred seventy-five thousand dollars), and 2+1 apartments between $850,000 (eight hundred fifty thousand dollars) and $953,000 (nine hundred fifty-three thousand dollars). The rooftop 2+1 duplexes are priced from $1,272,000 (one million two hundred seventy-two thousand dollars) to $1,598,000 (one million five hundred ninety-eight thousand dollars), and the single 3+1 duplex at $1,974,000 (one million nine hundred seventy-four thousand dollars). In the standard apartments the price per square metre is roughly $7,300 (seven thousand three hundred dollars) to $8,000 (eight thousand dollars). Prices have risen sharply since the 2024 launch: in November 2024 apartments started from 13,500,000 (thirteen million five hundred thousand) lira, and listings from 2024 – 2025 started from $460,000 (four hundred sixty thousand dollars). Because some of these old prices are still online, ask the sales office for the current list.
Source: emlakplatform.com.tr project page (updated 21.09.2026), daar.com.tr project page (price update 20.09.2026), mbany.com project page (05.05.2026) and binaainvestment.com project page (undated); prices on these pages are quoted directly in USD and exclude VAT. Older prices: emlakbulten.com (16.11.2024, from 13,500,000 TL), deal-tr.com (02.12.2024) and hayat-ist.com (14.05.2025) from $460,000, yenikonutemlak.com (04.08.2025) from 17,100,000 TL. No live listings for this project were found on sahibinden, emlakjet or hepsiemlak. All sources checked on 27 October 2026. Exchange rate: $1 = 49.6 TL (24 October 2026).
How does buying in Babacan Meridian work?
As the project is under construction, sales are made with the developer through a promissory sale contract and a payment plan; the title is transferred according to the construction servitude or condominium status. Before signing, the building permit, construction servitude, delivery date, delay penalty and payment security clauses are checked in a contract review by Att. Egemen Yasin Şahalioğlu, together with the title deed and encumbrance check.
How do foreigners buy property in Babacan Meridian?
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 at Babacan Meridian?
Babacan Meridian is still under construction, so there are no apartments for rent in the project and no rental data from it. There are rental listings in ready-to-move-in residence projects around Gayrettepe and Fulya, but those buildings differ in age and segment, so they would not accurately reflect what Babacan Meridian will rent for after delivery. A realistic rent estimate is better made closer to delivery by comparing listings for the same unit types.
Source: sahibinden, emlakjet and hepsiemlak were searched for rental listings under the name Babacan Meridian on 27 October 2026; none were found.
What is the rental yield at Babacan Meridian?
The rental yield at Babacan Meridian cannot be calculated, because there is no unit type in the project with both a sale and a rental listing. Some project portals mention a 5% (five percent) annual rental yield, but the basis of that figure is not stated and it is not a guarantee. In a project where the price per square metre is above $7,000, the gross yield can be expected to stay limited, much like the Beşiktaş average.
Can units in Babacan Meridian 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 Babacan Meridian?
Service charges at Babacan Meridian 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 Babacan Meridian?
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.
At current list prices, every apartment type at Babacan Meridian meets the $400,000 citizenship threshold on its own; even the smallest 1+1 starts from $547,000. Under the old $460,000 list, the 1+1 apartments would still have been above the threshold. However, the application is based on the value in the licensed valuation report and the sale price on the title deed. Since the project is sold under construction servitude, the title deed and valuation steps should be checked separately as part of the citizenship process.
- 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 Babacan Meridian?
Babacan Meridian has four apartment types: 1+1 and 2+1 apartments on the standard floors, and 2+1 and 3+1 duplexes on the roof. Most of the project is made up of 1+1s aimed at singles and couples who want to live in the city centre. Some portals give a range of 65 – 111 m²; the areas below are the gross areas from the current price list.
Standard floor; from $547,000
Standard floor; from $850,000
Roof floor; from $1,272,000
Roof floor; single unit, $1,974,000
How do you get to Babacan Meridian?
The nearest rail station to Babacan Meridian is Fulya on the M7 metro line, about 700 metres away. The M2 and M11 stations at Gayrettepe are about 1.4 kilometres away, and the Zincirlikuyu metrobus stop is about 1.5 kilometres away. The project is very close to the D-100 (E-5) highway; Barbaros Boulevard leads down to the Beşiktaş waterfront and Büyükdere Avenue to Levent and Maslak within a short drive. Florence Nightingale Hospital is about 400 metres away.
How long does it take to get from Babacan Meridian to the airports?
Babacan Meridian is about 40 kilometres from Istanbul Airport and about 41 kilometres from Sabiha Gökçen Airport. Istanbul Airport is roughly 40 minutes away by car depending on traffic, and the M11 metro line from Gayrettepe runs directly to the airport.
What is near Babacan Meridian?
Babacan Meridian sits in the middle of Istanbul's business and shopping axis; malls such as Astoria, Cevahir and Zorlu Center are within a few kilometres. Nişantaşı and Bomonti are about 2 kilometres away, and Beşiktaş market and the Ortaköy waterfront are a short drive away.
Source: terrarealestate.com project listing (distances), hayat-ist.com project page. Distances are approximate and should be checked on a map.
Is Babacan Meridian a good investment?
Babacan Meridian stands out for buyers looking for a new, boutique building in central Beşiktaş, but prices have risen significantly since the launch and the price per square metre is above $7,000. An investment decision should rest on comparing the current list price with resale residence prices in Gayrettepe and Fulya.
- Central location: close to Fulya M7, Gayrettepe M2/M11 and the D-100
- All apartment types are above the $400,000 citizenship threshold
- Boutique scale: 70 homes in a single block
- 35% down payment and 24-month instalment option
- Delivery date has moved from December 2026 to June 2027
- Sources conflict on the number of homes, floors and unit sizes
- No rental data in the project, yield cannot be calculated
- Old and new price lists are online at the same time
In a project sold under construction servitude and still being built, the contract, late-delivery clauses and payment plan should be checked through a contract review before signing; land registry records and any mortgage on the land should also be checked separately.
What other projects are near Babacan Meridian?
Other projects we have reviewed on the Beşiktaş – Şişli – Levent axis where Babacan Meridian is located:
Who should you buy Babacan Meridian 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 Babacan Meridian
What is the cheapest apartment at Babacan Meridian?
On the current price list, the cheapest apartment is a 68 m² 1+1 starting from $547,000. Some pages still show the old $460,000 price from 2024 – 2025; confirm the valid price with the sales office.
Where is Babacan Meridian?
The project is in the Gayrettepe area of Beşiktaş, about 700 m from Fulya M7 metro station. The exact street address has not been published in public sources.
Who is building Babacan Meridian?
The developer is Babacan Yapı, part of Babacan Holding. On the financing side there is the Babacan Meridian Project Real Estate Investment Fund managed by Nurol Portföy.
When will Babacan Meridian be delivered?
Current sources give 30 June 2027 as the delivery date and say about 50% of construction is complete. At the 2024 launch, delivery was announced for 30 December 2026; the binding date is the one in the contract.
How many apartments are there at Babacan Meridian?
According to current project portals, there are 70 homes and 6 commercial units in a single block. The 2024 launch news mentioned 77 apartments plus rooftop duplexes.
What apartment types are there at Babacan Meridian?
There are 1+1 (68 – 98 m²), 2+1 (117 – 122 m²), 2+1 duplex (149 – 192 m²) and 3+1 duplex (146 m²) types. One source gives the 3+1 duplex area as 230.92 m².
Is there an instalment plan at Babacan Meridian?
Yes. Current sources advertise a 35% down payment and 24 monthly instalments. Older pages mention a 50% down payment and 18 instalments; confirm the valid plan with the sales office.
Can you get citizenship by buying at Babacan Meridian?
On the current list, all apartment types are above the $400,000 threshold. Because the application is based on the valuation report and the project is sold under construction servitude, the process should be planned with a lawyer before buying.
Is VAT included in Babacan Meridian prices?
No. Portals state that prices exclude VAT, giving 1% for homes with a net area up to 150 m² and 20% above that. The applicable rate can depend on the building permit date and land value, so it should be checked separately.
What rental yield can you expect at Babacan Meridian?
The project is under construction, so there is no rental data and the yield cannot be calculated. The 5% figure on some portals is a projection with no stated basis and is not a guarantee.
How far is Babacan Meridian from the airport?
It is about 40 km from Istanbul Airport and about 41 km from Sabiha Gökçen. The M11 metro line from Gayrettepe runs directly to Istanbul Airport.
What kind of title deed does Babacan Meridian have?
The project is sold under construction servitude (kat irtifakı). After delivery and the occupancy permit it is converted to full condominium ownership; these steps should be checked by a lawyer before signing.
Who handles the legal process when buying at Babacan Meridian?
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 Babacan Meridian?
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 Babacan Meridian 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 Babacan Meridian 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.