Azure Teras

Istanbul, Turkey

1 / 8

Price from

$340,000

US dollar amounts are shown for easier comparison. The developer's price is set in the listing currency.

$4,094 / m²

cheaper than 70% of city projects

-18% vs the city median (Istanbul), sample of 30 projects

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Data verified Aug 8, 2026price source: developer partner networkupdated 22 days ago

Properties

Condominium

Area

80 - 205 m²

Bedrooms

1 - 3

Readiness

Under construction

Available

6 of 6

Dry season

Jul, Aug, May

First instalment

50%

Properties

Condominium

Area

80 - 205 m²

Bedrooms

1 - 3

Readiness

Under construction

Available

6 of 6

Dry season

Jul, Aug, May

First instalment

50%

Is this expensive for the city

$4,094per m²cheaper than 70% of city projects

Median $5,015

$869$10,059

-18% vs the city median (Istanbul), sample of 30 projects

Rate as of 2026-08-30, city data updated 2026-08-30. Prices converted to US dollars at the quote-date rate. Source: Housebook catalogue.

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What it really costs

Payment plan

Step 1
On contract
50%
$170,000
Step 2
Tax
2%
$6,800
Step 3
After transfer
50%
$170,000

Total$340,000

The developer may revise the payment schedule. Confirm the current terms before the deal.

ROI Calculator

Purchase price: $340,000

Monthly rent: $1,700

$300$5,100

A 6% annual yield estimate. We do not have market rental rates for this city yet. Check the real rate with your agent.

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Occupancy rate: 95%

40%100%

Annual appreciation: 6%

0%20%

Monthly income

$1,244

Annual income

$14,932

Gross yield

5.7%

Net yield

4.4%

Value in 5 years

$454,997

5-year ROI

56%

Calculations are estimates based on average market data. Actual returns may vary. This is not financial advice.

When is the season here

Driest months: Jul, Aug, May

Wettest months: Dec, Jan, Oct

Dry months per year: 6. A month counts as dry when its rainfall is below the annual median of monthly rainfall.

Rainfall, mm per monthTemperature, °C

Monthly climate normal: temperature and rainfall
Month	Temperature, °C	Rainfall, mm
Jan	5.8	79
Feb	6.5	67
Mar	8.6	53
Apr	12.1	42
May	17.4	35
Jun	22.3	36
Jul	25.1	20
Aug	25.5	22
Sep	21.9	54
Oct	17.0	70
Nov	12.3	63
Dec	7.8	82

Source: NASA POWER, climate normal (2001-2020). Grid node 41.1, 29.0. This is a multi-year normal, not a weather forecast.

About the project

Properties

Condominium

Status

Under construction

Total units

Available

Area

80 - 205 m²

Properties

Condominium

Status

Under construction

Total units

Available

Area

80 - 205 m²

Description

Six units make up the entirety of Azure Teras, a condo project by developer Oktay Inşaat in Istanbul, currently under construction. The building consists of a single block, and all six apartments remain available for purchase, covering the full layout range from one to three bedrooms.

Unit sizes run from 80.25 sqm to 205.28 sqm, a spread wide enough to cover both compact layouts and larger family units. Prices span from 340,000 to 842,000 USD, with a price per square meter of 4,237 USD.

Azure Teras is located in Istanbul, Turkey, in the Istanbul region. With all six of six units still on the market, buyers have the full set of layouts to choose from rather than a narrowed selection left over after earlier sales. The project is registered as under construction, meaning delivery has not yet occurred.

Location

Istanbul, Turkey

Market context

Apartment price

$1,800 per sqm

+12-15% YoY

Luxury waterfront price

$4,000 per sqm

+12-15% YoY

Foreign buyer transactions

$8.5 billion

Airbnb yield

7-10%

Mortgage rate

1.8% monthly

-28% YoY

Istanbul’s residential prices kept climbing in 2025, up 12‑15% year‑on‑year to about $1,800 per sqm in prime districts and $4,000 per sqm for luxury waterfront units. Rental demand remains strong, driven by 20 million tourists and short‑term yields of 7‑10%, while foreign buyer transactions reached $8.5 billion in 2024 and are expected to exceed $10 billion in 2025. Lower mortgage rates, now 1.8% monthly, are further supporting buyer activity.

Sources (6) · updated 21/08/2026

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