Elmar Towers en_2748_elmar-towers

First Sale

1 / 3

Location

Ankara Cankaya

Deliver date

Immediate Delivery

$POA

Price from

803

Units count

First New

Status

Total area

1+1, 2+1

Bedrooms

44 - 200 m2

Unit sizes

Residence

Unit types

The Elmar Towers project, developed by Elmar Yapı, consists of two 50-story towers with units primarily measuring 177 square meters. The project features 803 residences, predominantly 1+1 type apartments. The 1+1 units have a gross area of 45 square meters. Between the towers, the project includes a central block housing social amenities such as a SPA, swimming pool, and fitness center. Additionally, Elmar Towers boasts a 30,000-square-meter commercial space.

The apartments in Elmar Towers are eligible for bank loans, making them accessible to a wide range of buyers.

Elmar Towers has already yielded a 50% return on investment for early investors.

Rising along Eskişehir Road in the capital city, Elmar Towers was specifically designed with investors in mind. Elmar Yapı has optimized the project to reduce the investment payback period to just 10 years, thanks to its attractive and modern design. With a total investment of 650 million TL, Elmar Towers is poised to become one of Turkey's fastest-yielding real estate projects. Construction is progressing rapidly on Eskişehir Road in Ankara, with 70% of the structural work already completed. The project remains on schedule for delivery in March 2018. To date, 70% of the units have been sold, and prices have appreciated by nearly 50% since the launch phase.

Upon its release on April 18, 2015, the project garnered nearly 3,000 pre-orders. Oğuz Karaer, Marketing Director of Elmar Towers, noted that rental prices for 1+1 apartments in Ankara typically range between 1,500 and 2,500 TL, with sizes varying from 80 to 120 square meters. In Elmar Towers, the majority of 1+1 units measure around 45 square meters (gross), and their average rental income is expected to reach 2,000 TL. Karaer elaborated, "Assuming an investor purchases a 45-square-meter unit for 200,000 TL and rents it out for 1,500 TL monthly, with a 2.5-year construction period and an additional 6 months for leasing, the investment could break even in just 7 years." He also highlighted that prices would increase steadily based on sales performance, emphasizing that early buyers would benefit the most, with projected price hikes of up to 60% over two years. Rental prices in the project start from 1,400 TL.

Salih Küsmüş, Chairman of the Board of Elmar Towers, revealed that 99% of their clientele are investors, spanning various professions such as doctors, lawyers, architects, legal professionals, and engineers. Küsmüş added, "We also cater to self-employed individuals. The average age of our investors falls between 30 and 50, with younger investors forming the majority. The area holds significant investment potential. Our project features compact units at accessible price points, promising strong returns and a 10-year payback period, which has attracted considerable investor interest."

The lowest residential unit price starts at 460,000 TL.

Features & Amenties

Residence

Closed parking

Market

Indoor swimming pool

Children’s swimming pool

Children’s playgrounds

Sauna

Fitness center

SPA

Cafe