The Ritz-Carlton Residences Prices and Details 2026
Nişantaşı, Şişli, Istanbul
1 / 30The Ritz-Carlton Residences apartments for sale start from about $575,000 (five hundred seventy-five thousand dollars) for a 117 m² 2+1 in 2026 listings, while an 810 m² 6+1 penthouse is listed at about $8,871,000 (eight million eight hundred seventy-one thousand dollars). The project sits at the end of Vali Konağı Street in Nişantaşı and is a rebuild of the tower erected for Yapı Kredi in the 1970s. Bilgili Holding (BLG Capital), which bought the building in 2014, developed 121 units with architect Tanju Özelgin; management and services run under the Ritz-Carlton brand. It was announced as the brand's first branded residences in Europe and was completed in 2021 – 2022. Sales are now mostly resale, and asking prices vary widely even for the same layout. No priced rental listing was found, so rental yield cannot be calculated. 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 The Ritz-Carlton Residences?
The Ritz-Carlton Residences is a Ritz-Carlton branded and serviced residential project developed by BLG Capital, the investment arm of Bilgili Holding, at Vali Konağı Street No:108 in Nişantaşı. It stands on the site of the tower designed for Yapı Kredi in 1972 by Doğan Tekeli and Sami Sisa; BLG bought the landowner Valikonağı A.Ş. in June 2014 and signed the brand agreement with Marriott in February 2019. The architecture of the residences, offices and retail areas is by Tanju Özelgin (TO Design Studio), and the interiors are by Mahmut Anlar's studio Geo_ID.
Source: bilgiliholding.com project page and the news item "Ritz-Carlton's first branded residences in Europe are open in Istanbul", Europa Property (18.02.2025), residenceindex.com, geoln.com (Trem Global), suprimmo.net. Sources give the floor count as 12, 14, 21 and 22, and the delivery as December 2020, January 2021 and 2022. The 22-floor figure comes from the report on the developer's Skyline Collection announcement.
What parts does The Ritz-Carlton Residences consist of?
The project consists of residences, home offices and retail units facing Vali Konağı and Hakkı Yeten streets, all in a single tower. In February 2025 the developer released the last nine units on the top floors as the Skyline Collection.
73 residences according to Residence Index; 1+1s range from 110 – 144 m², 4+1s from 285 – 330 m².
Four 2 – 3 bedroom duplexes with private gardens above the amenity floors; launched from €2,360,000.
Five three-storey penthouses with private lift and a terrace with pool; 3 – 8 bedrooms, from €4,190,000.
Source: Europa Property (18.02.2025), PE Insights (21.03.2025), bilgiliholding.com, residenceindex.com.
How much are apartments for sale at The Ritz-Carlton Residences?
At The Ritz-Carlton Residences, listings show 2+1 units from $575,000 (five hundred seventy-five thousand dollars), 1+1 apartments from $1,168,000 (one million one hundred sixty-eight thousand dollars) and 3+1 apartments from $2,555,000 (two million five hundred fifty-five thousand dollars); the highest price is about $8,871,000 (eight million eight hundred seventy-one thousand dollars) for an 810 m² 6+1 penthouse. The spread is very wide: 117 – 144 m² 2+1 units appear at $575,000 – $646,000 in Turkish lira listings, while a 173 m² 2+1 listed in euros comes to about $2,802,000. The listings do not make clear whether the cheaper small units are home offices or residences; the difference matters for both use and title deed status.
Source: fdnproperty.com project tag (2+1, 117 m², TL 28,500,000 and TL 31,000,000; 6+1 penthouse, 810 m², TL 440,000,000; listings late 2025 – early 2026); emlakjet.com Teşvikiye residence listing (FDN, 2+1, 144 m², TL 32,025,000, 10.02.2026); residenceindex.com project page (1+1 144 m² €2,000,000, 2+1 173 m² €2,500,000, 3+1 299 m² TL 290,000,000; undated); deal-tr.com project page (1+1 110 m² $1,344,000, 1.5+1 137 m² $1,434,000, 3+1 268 m² $2,555,000, 4+1 285 m² $2,513,000; updated 08-04-2026); luxuryestate.com listing by Avla Real Estate (1+1, 110 m², €1,042,000; undated, the listing does not name the project explicitly); Europa Property (18.02.2025) and PE Insights (21.03.2025) (developer's Skyline Collection prices: garden duplexes from €2,360,000, penthouses from €4,190,000); trupropertyturkey.com guide (indicative ranges, 12.06.2026). TL prices converted at $1 = TL 49.6 (24 October 2026), euro prices at €1 = $1.1206 (23 October 2026 mid rate), rounded to the nearest thousand.
Tru Property Turkey's June 2026 guide gives indicative ranges of $1,340,000 – $1,430,000 for 1+1, $2,550,000 – $3,700,000 for 2+1, $2,513,000 – $7,610,000 for 4+1 and $5,700,000 – $15,000,000 for penthouses; these are estimates, not listings, so they are not in the table. Older price lists dated 2023 were not used because they are out of date.
How does buying in The Ritz-Carlton Residences 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 The Ritz-Carlton Residences?
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 The Ritz-Carlton Residences?
No current rental listing with a stated price was found for The Ritz-Carlton Residences, so rent is available on request. A furnished 1+1 was advertised for rent in May 2026 and a furnished 2+1 appeared on a portal, but the rent amount of neither listing could be accessed. Listings for the similarly named Ritz Carlton Residence at Süzer Plaza in Elmadağ belong to a different building and were not used.
Source: neseozcan.com.tr rental 1+1 listing (furnished, May 2026; no amount on the page), hepsiemlak.com and emlakclick.com rental 2+1 listing titles (furnished; pages could not be opened), residenceindex.com (for the Süzer Plaza distinction).
What is the rental yield at The Ritz-Carlton Residences?
Rental yield at The Ritz-Carlton Residences cannot be calculated at the moment, because there is no dated pair of sale and rent listings for the same layout. Agency pages mention an expected 4% – 6% gross yield for branded residences in Nişantaşı, but that is not a measurement for this project. Before buying, ask the management for current rental offers and the service charge.
Can units in The Ritz-Carlton Residences 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 The Ritz-Carlton Residences?
Service charges at The Ritz-Carlton Residences 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 The Ritz-Carlton Residences?
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: even the cheapest 117 m² 2+1 is about $575,000. So every type appears able to meet the threshold on its own. What counts, however, is not the asking price but the value in the CMB-licensed valuation report and the price shown on the title deed. For units registered as home offices, the deed status and eligibility for citizenship must be checked separately.
- 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 The Ritz-Carlton Residences?
The Ritz-Carlton Residences offers apartments from 1+1 to 8+1, garden duplexes and triplex penthouses at the top of the tower. Sources give different sizes, so the ranges below combine several project and listing pages.
One parking space; listed with one bathroom and a guest WC.
The price gap between small 117 m² units and 168 – 173 m² apartments is very large.
Spacious family apartments; listed with one parking space.
Two parking spaces; some floors have duplex options up to 440 m².
Garden duplexes sit above the amenity floors with private gardens.
Three storeys with private lift and a terrace with pool; Bosphorus views.
How do you get to The Ritz-Carlton Residences?
The easiest public transport link to The Ritz-Carlton Residences is Osmanbey metro station (M2), about 1 km away. The project is at the northern end of Vali Konağı Street; Nişantaşı's shopping and restaurant streets are within walking distance, and Maçka, Levent and the Bosphorus bridges are a short drive away.
How long does it take from The Ritz-Carlton Residences to Istanbul Airport?
From The Ritz-Carlton Residences, Istanbul Airport is about 40 – 50 minutes by car depending on traffic. By public transport you can take the M2 from Osmanbey to Gayrettepe and change to the M11 airport metro. Sabiha Gökçen Airport is about 45 km away; allow 50 – 70 minutes depending on traffic.
What amenities does The Ritz-Carlton Residences offer?
At The Ritz-Carlton Residences, residents have hotel-style services plus in-building facilities such as an indoor pool, spa and gym. Some services may be charged separately; confirm with the management which ones are covered by the service charge.
Is The Ritz-Carlton Residences a good investment?
The Ritz-Carlton Residences is a strong option for prestige and owner-occupier purchases thanks to its Nişantaşı location and a globally known service brand; however, there is no rent data and asking prices differ several times over even for the same layout. An investment decision should rest on several listings of the same type and an independent valuation report, not on a single listing.
- In Nişantaşı, about 1 km to Osmanbey metro
- Ritz-Carlton services and a branded residence concept
- Completed building in use, no delivery risk
- All types above the $400,000 threshold per listings
- No priced rental listing, yield cannot be calculated
- 2+1 listings range from $575,000 to $2,802,000
- Service charge not public; may be high because of branded services
- Listings do not clearly separate home office and residence units
Whichever unit you choose, the title deed record and its status (residence or home office), condominium status, mortgages and annotations, and the obligations under the brand service agreement should be checked before purchase as part of a title deed and legal review.
What other projects are near The Ritz-Carlton Residences?
The closest project to The Ritz-Carlton Residences is Nişantaşı Koru Bosphorus in the same neighbourhood; Nurol Life Penthouse and Polat Levent Exclusive are a short drive away on the Büyükdere axis.
Who should you buy The Ritz-Carlton Residences 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 The Ritz-Carlton Residences
Is The Ritz-Carlton Residences the same as the Ritz Carlton Residence at Süzer Plaza?
No. The Ritz-Carlton Residences is the rebuilt tower at Vali Konağı Street No:108 in Nişantaşı. At Süzer Plaza in Elmadağ there are also apartments known as Ritz Carlton Residence on the upper floors above the Ritz-Carlton hotel; always check the address when looking at listings.
What is the cheapest apartment at The Ritz-Carlton Residences?
The lowest listing found is TL 28,500,000, about $575,000, for a 117 m² 2+1. The listing does not make clear whether this unit is a home office or a residence; 1+1 residence listings start at about $1,168,000.
Who developed The Ritz-Carlton Residences?
The project was developed by BLG Capital, the investment arm of Bilgili Holding, which bought the building in 2014. The architecture is by Tanju Özelgin and the interiors by Mahmut Anlar of Geo_ID; the brand and services belong to The Ritz-Carlton, part of Marriott.
Has The Ritz-Carlton Residences been delivered?
Yes. The building is complete and in use; sources give the delivery date as between December 2020 and 2022. In February 2025 the developer released the last nine units and announced that the project was nearing sellout.
How many apartments are there at The Ritz-Carlton Residences?
The project has 121 independent units. According to Residence Index, 73 are residences and 48 are home offices. There are also street-facing retail and office spaces.
How much are the penthouses at The Ritz-Carlton Residences?
In February 2025 the developer launched the triplex penthouses from €4,190,000 (about $4,695,000). In 2026 an agency lists an 810 m² 6+1 penthouse at TL 440,000,000, about $8,871,000.
What is the rental yield at The Ritz-Carlton Residences?
Yield cannot be calculated because no current rental listing with a stated price was found. The 4% – 6% gross yield that agencies quote for Nişantaşı branded residences is an estimate; ask the management for a project-specific rental offer.
Can I apply for citizenship by buying at The Ritz-Carlton Residences?
All listings found are above the $400,000 threshold. Eligibility depends on the valuation report and the deed price, not the asking price; for home office units the deed status must be checked separately.
Which is the nearest metro station to The Ritz-Carlton Residences?
The nearest station is Osmanbey on the M2 line, about 1 km away. Şişli – Mecidiyeköy station, where the M2 and M7 meet, is about 1.5 km away.
What services are available at The Ritz-Carlton Residences?
Residents can use 24-hour reception and concierge, valet parking, an indoor pool, Turkish bath, spa, gym, private cinema and kids' club. Some services such as housekeeping, private chef and in-home spa may be charged separately.
How much is the service charge at The Ritz-Carlton Residences?
The service charge is not published in public sources. It is likely to be higher than at nearby residences because of the branded services; get the amount in writing from the management before buying.
Who handles the legal process when buying at The Ritz-Carlton Residences?
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 The Ritz-Carlton Residences?
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 The Ritz-Carlton Residences 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 The Ritz-Carlton Residences 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.