Emaar building new 5-star residences in Istanbul
The new project by Emaar marks the first full-fledged hotel and serviced residence project of The Address Hotels and Resorts – the flagship hotel brand of Emaar – outside of the UAE.
The 197 residences, which are fully furnished, will overlook the Marmara Sea, Princess Islands and Bosphorus Strait. The serviced residences are located on levels 12 to 29 of The Address Istanbul, a 49-storey building in Emaar Square – the second integrated development by Emaar in Turkey, located in the heart of Istanbul.
Ahmad Matrooshi, managing director of Emaar Properties, said: "The global launch of The Address Residence Istanbul in Dubai highlights the strong interest among UAE investors in Turkey's property sector led by the bilateral trade relations and strong tourism growth." Designed by the famous Foster + Partners with interiors by HBA, the Address Residence Istanbul will have hotel rooms and suites located in the first nine levels in addition to a myriad of eateries, a spa, pools and health club.
Ozan Balaban, CEO of Emaar Turkey, also added: "Investors in The Address Residence Istanbul will become part of the iconic Address Istanbul hotel, which is defined by its marvelous architecture and superior lifestyle amenities."