Emaar launches mixed use luxury project in Istanbul, with residential, mall and hotel
Emaar Properties, UAE based developer, has announced its Turkish subsidiary has launched a new urban project in the capital city of Istanbul, which will include a mall inspired by Dubai Mall, it was announced At Cityscape Global in Dubai on Wednesday.
Emaar Turkey said ‘Boulevardi’ will include over 1,000 luxury homes, a 190-room five-star hotel, leisure facilities and offices. The centrepoint will be the Boulevardi mall, which will be one of the largest in Istanbul and will take its design inspiration from Emaar’s Dubai Mall, the largest retail destination in the world.
The Boulevardi Mall will have over 400 stores, a range of food outlets and leisure attractions including a discovery centre, underwater zoo, family entertainment complex, ice skating rink and movie theatre. The new mall will compete directly with the already highly successfull Istinye Park Mall, Istanbul’s only luxury shopping mall.
“The Boulevardi development is situated in one of the most sought after residential locations in the city. The project will be a catalyst for further growth on the Anatolian side as a result of several financial organisations moving in following the relocation of Turkey’s Central Bank in the vicinity,” said Ozan Balaban, general manager of Emaar Turkey. The project is Emaar’s second project in the area, following on from the popularity of its Tuscan Valley project, which attracted high interest.