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Gala Town Click here to see the full price list for Gala Town.
Enquire now for the availabilty.
Gala Town offers 350 apartments in an excellent location on the outskirts of the much talked about investment hotspot of Istanbul. With a range of 1,2 and 3 bedroom apartments there is something for everyone, coupled with high quality facilities and a very strong rental market, it is no surprise that worldwide investors are snapping them up.
The apartments are spacious, some with terraces and all with a dedicated parking space a must in any city development.
10 reasons to buy in Gala Town:
1. Close proximity to both Istanbul and Kocaeli (the industrial centre of Turkey). In Kocaeli their University has in excess of 50,000 students and up to 1000 teaching staff. A second university called Sabanci University is nearby, with 3500 students and around 600 full time teaching staff.
2. The development is priced in US Dollars, which makes it a superb investment opportunity.
3. Free parking space per apartment
4. Price Waterhouse Coopers and Goldman Sachs have identified Istanbul as one of the property hotspots of 2008/9 with predicted capital growth of between 40% and 50%
5. Expected rental yields of up to 6.3%
6. Only five minutes from the coast of the Marmara Sea.
7. The Turkish Government claims a shortfall of approx 2 million housing units across Istanbul. Massive rental requirement.
8. Over 700,000 new residents arrive to Istanbul every year.
9. Right next to the TEM Motorway, Johns Hopkins hospital, Koc high school, Sabanci University, Kocaeli University, 25,000 sqm shopping centre. Surely will provide potential tenants or future buyers.
10. Turkeys 3rd biggest marina is soon to be built which will surely increase value of property Location Istanbul is not just the business capital of Turkey; it is the crossroad of different cultures and the gateway between two mighty continents. It has an enviable history that opens the doors to some of the most remarkable eras of Human civilization. Istanbul has a population of approximately 16 million and is bustling with life. Istanbul can be compared to some of the most modern cities in the world and yet, there is the right mix of traditional and modern.
An upcoming real estate property market, Istanbul has everything to offer in terms of infrastructure as well as stylish and modern architectural homes.
Gala Town is located only 15km from the International Airport. Construction Schedule Gala Town is due for completion in April 2009. Facilities And Maintenance Shopping Centre
Fitness Centre
Swimming Pool
Sauna
Sports Courts
Jogging and cycling lanes
Childrens playground
24 hour security Payment Terms The Right Move Abroad have a refundable reservation fee policy which enables you to hold an apartment for up to 30 days without actually committing to the purchase. This enables you to view the development and do further due diligence prior to signing your contract and paying your first installment. The reservation fee is only refundable if the client views the property for sale in the development within the 30 day period. Only 10% of your reservation fee is retained by The Right Move Abroad as an administration charge. We will accept verbal reservations which are valid for 72 hours. The refundable reservation fee is $4,000 and should accompany a signed reservation form which is available upon request. This reservation fee is deducted from your first installment. After 30 days of receipt of your reservation form and cheque, the reservation fee becomes non-refundable.
35% on signing the purchase contract (less reservation fee).
65% upon completion. Property Management The developer will offer a complete property management service including:
Key holding
Cleaning
Inventory management
Rentals About the Immediate Vicinity Kocaeli is a province of Turkey. Its capital is Izmit, which is sometimes referred to as Kocaeli itself. The largest town in the province is now Gebze. The province is located at the easternmost end of the Marmara Sea, especially on the Bay of Izmit. The natural conditions of the Bay of Izmit lend itself to a harbour environment and many activates take place around this, including a variety of water sports.
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