Ümraniye | Where Istanbul Expands to International Finance Markets

Ümraniye | Where Istanbul Expands to International Finance Markets

Ümraniye is very large working class district on Asian side of the city. It was a rudimentary district short time ago. Recently, there has been a great deal of change all around the district. With the projects such as building complex, large shopping malls, entertainment centres and environmental urbanization , Ümraniye is fastest growing district in Istanbul.

Ümraniye began as a small village and population was not more than 1000. Due to migration to cities from rural areas of Anatolia, its population grew same like all the other areas in Istanbul. Consequently, it lost its green nature and numerous illegal houses built quickly without caring any of urbanization. Black Sea contractors built wherever was empty. In conclusion, aspect of Ümraniye is not really different than far Anatolian city.

In the last decades, Ümraniye has built a lively shopping and business district. First Carrefour opened following centre of district modernized and shopping stores started to open along the street. Due to fast modernization, Ümraniye has got attraction of investors. Now, big companies and large shopping malls such as Ikea, Siemens, Bayer, Bosch, Buyaka AVM, and Meydan AVM are located in Ümraniye district.

Although Ümraniye is keep going modernization, district still looking for its identity which means when you’re in Ümraniye you see skyscrapers meanwhile the things which you can see in suburbs. Common criticism is oppositeness between aspect of district and its social character. Many Istanbulers think that residents of Ümraniye are still rural, conservative and illiterate and they are not suitable for Istanbul city. Consequently, governor of district is accused of spending money for aspect of the district instead of providing educational opportunity.

Traffic jam is another killing problem of the district. Definitely, it’s the worst in Istanbul. Location ally, Ümraniye is close to both two bridges on Bosporus so it is crossover for drivers. There’s no rail system and driving style of minibus and bus drivers makes matters worse. It’s so normal to see a minibus driver get off his transport for fighting and numerous cars waiting his fight ends. Consequently, the way between Üsküdar-Ümraniye may take more than half an hour although it takes only 5 minutes if you drive in midnight.

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 surrounded by the districts of Üsküdar, Ataşehir, Sancaktepe, Çekmeköy and Beykoz.

It is known as Ormaniye because of the green area it once had. Although the picnic areas are not as busy as before, there are still large parks and recreation areas suitable for outdoor activities in this district. The word Ümran is Arabic. It means happiness, happiness, and well-being. Its main meaning is a developed, developed and developed place. In the region where terrestrial climate effects are observed, precipitation increases in autumn and winter

Housing Market in Ümraniye


Ümraniye is the fastest urbanizing district of Istanbul. 66% of the existing 320,000 buildings were built in the last 13 years in Ümraniye. With the real estate investments made in this region by the big companies of the market, is known as the district with the strongest infrastructure.

In between Üsküdar and Ümraniye there is a ‘çilehane’ of the Sufi saint Aziz Mahmud Hudayi. A çilehane was where Sufis would go to pray in seclusion.

There is a newly made fortress where people can have a walk and picnic. In some parts of Ümraniye, the full scene of Istanbul, including the Bosphorus and European Side, can be seen easily. Also, Çamlıca hill is very close.

Real Estate Investment in Ümraniye

Housing prices have increased by 2.24% in the last year in the Ümraniye housing market for sale. The average depreciation time in this district is 21 years. If we look at the annual data, as of the end of 2020, the most valuable neighborhoods in Ümraniye district for housing are Tatlısu, Saray, İstiklal, Armağanevler, Elmalıkent. The average for sale residential property size is 100 square meters.

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Housing, or more generally living spaces, refers to the construction and ssigned usage of houses or buildings collectively, for the purpose of sheltering people — the planning or provision delivered by an authority.Many governments have one or more, sometimes also called a housing ministry, or housing department.

  • Affordable housing
  • List of housing statutes
  • List of human habitation forms

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Transportation

Transportation in Ümraniye is more accessible than many other districts in Istanbul with its wide roads and avenues. As Ümraniye has a well-planned infrastructure, its streets create a better flow of traffic. Also, Ümraniye has numerous bus stops that reach to furthest points of Istanbul. Ümraniye has easy access to metro lines of Istanbul as well.

Demographic Structure

Even though Ümraniye has a population that almost reaches one million, its population density is low due to its large area and organized infrastructure. Ümraniye has a population of 710,280 people and a population density of 15,784 people for every km2. Ümraniye has primarily adult and young people as older people only make 8,94% of the population. While young people make up 36,60% of the population, adults make up the majority by 54,46%. The marital status of the population in Ümraniye is made out of mostly married or used-to-be married people. 78,75% of the population is married at the moment or was married at some point, while 21,25% of the population is single. The education level of the population in Ümraniye varies from location to location. People who have finished either primary, middle, or secondary educations make up 67,46% of the population, while 32,55% of the population either have a university education or other classified education. Social Economic Status (SOS) standards of Ümraniye is mostly made out of A and B group, showing signs of better welfare.

Property Prices

The qualities that Ümraniye provides are countless. With its organized structure, central location, highly-developed social life, and many more, Ümraniye proves to be one of the best districts in Istanbul to reside in. As this district has shown rapid development over the course of the last two decades, it has been an apple of the eye for many investors. The great value that Ümraniye received could easily be seen in its real estate prices. As Ümraniye continued to improve, its property prices showed constant growth, and to be precise, it increased by 22,37% in only one year. With such remarkable steady growth in already-high priced properties, Ümraniye proves to be a valuable place to invest in. As of 2021, the average price of a 100 m2 property is 420,600 Turkish Liras. Ümraniye saw the same increase in renting prices as well. With an increase of 18,19% over two years, Ümraniye has average rental prices of monthly 1,423 Turkish Liras for 100 m2 property. Ümraniye has a return time of 25 years. With its amazing value and its promising future with upcoming projects, Ümraniye sure is a great district to live in.

Real Estate Projects

Life in Ümraniye is one of the best that you could find in Istanbul. The countless advantages that Ümraniye provides mentioned in this article will make the best of your life. Let us take a closer look at some of the most refined projects in Ümraniye.

Located only 20 minutes away from the airport, Skyway offers you the luxurious life that you seek at reasonable prices. With its flexible design and easy access to every part of the city, this project provides unique investment possibilities.

Offering a peaceful-serene life away from the stress of metropolis, Jolly City combines business life with nature in the best way possible. This project neighbors Istanbul International Finance Center and is surrounded by forests. Filled with parks, playgrounds, trees, and shopping centers, Jolly City is one of the best projects that you can find in Ümraniye.

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