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For sale · Apartment · IRE-0035

Hayat City Mahmutbey

Mahmutbey, Bağcılar1+1 / 2+1 / 3+10 m²

Price$490,000∞ ₺ / m²

Description

Hayat City Mahmutbey is an Özak GYO project located directly across from Mahmutbey metro station. Via the metro line, access is easy to many points from Istanbul Airport to Tekstilkent and Basın Ekspres Street business centers.

In addition to 2+1 (125-135 m²) and 3+1 (168-175 m²) unit types, the project also offers garden-level options. Each unit standardly features closed parking, dedicated storage, air conditioning in living room and master bedroom, built-in kitchen, and dressing room.

With expansive landscaping, walking paths, children's play area, and sports courts, living immersed in nature is conceived within the site. Indoor sports area, fitness, sauna, and private pilates-yoga facilities meet residents' daily needs.

Commercial areas and market at the site entrance bring daily shopping to the home entrance. Guarded living is achieved through 24/7 active security system.

According to the September 2026 price list, 2+1 apartments start at 490,000 USD; payment is structured as 50% down, 12 months installments, and VAT included. Price list is subject to updates.

Starting price 490,000 USD (September 2026 price list; 2+1 (125-135 m²) starting at 490,000 USD; 50% down, 12 months installments, VAT included); TL equivalent calculated at 48.52 exchange rate and varies with current rates. Payment plan: 50% down, 12 months installments, VAT included.

Developer: Özak GYO · Square meters: 125–193 m² · Unit types: 1+1, 2+1, 3+1.

Key facts

Rooms: 1+1 / 2+1 / 3+1
Gross area: 0 m²
Net area: 0 m²
Age of building: Brand new
Furnishing: Eşyasız
Mortgage eligibility: Not eligible
Listed on: 14 September 2026

Features

Walking distance to Mahmutbey metro station
Closed parking for each unit
Dedicated storage area
Air conditioning in living room and master bedroom
Dressing room and built-in kitchen
24/7 security
Sauna and dedicated pilates-yoga area
Fitness center
Indoor sports area
Children's play area
Expansive green and garden areas
Commercial areas and market at site entrance

Hesap

Taxes and costs on purchase

Title deed fee — total (%4)By law the buyer and seller split it evenly (%2 + %2): $19,600
Buyer's shareIn practice it is usually left entirely to the buyer — it is negotiable: $9,800
Valuation reportMandatory for mortgages and for sales to foreign buyers: $1,250
Notary and translation (estimated)Power of attorney, interpreter and paperwork costs: $700
Estimated total for the buyerProperty price + buyer's share of the fee + mandatory costs: $501,700

A capital gains tax may also arise on the seller's side: if the property is sold before 5 years have passed, the gain is subject to income tax. The exemption for 2026 is 150.000 ₺.

Sales tax calculatorRates as of 1 January 2026 · estimated figure, not binding

Title types

What your title says matters as much as the home itself

Conditional mortgage

Land title

The title of a property with no building on it, or whose building is not recorded on the title. What you own is the ground, not an individual flat.

There is no unit number on the title; you own the whole plot or a share of it.
On a co-owned plot the title does not say which square metres are yours; using them requires an agreement with the other co-owners.
Zoning status must be checked separately with the municipality — an unzoned plot may stay unbuildable for years.
Property tax is charged at the land rate, which differs from the residential rate.

Selling a co-owned plot is not easy: finding a buyer takes far longer than for a home, and the other co-owners hold a right of pre-emption.

Most banks will not grant a home loan on land; a land loan is a separate product with a higher rate and a shorter term.

Conditional mortgage

Construction servitude

A right established over a unit in the plans while the building is not yet finished. Your flat exists on the title, but the building does not officially count as complete.

It is set up from the plans: which floor, which flat and how many square metres appear on the title.
Once the building is finished and the occupancy permit is issued, it is converted into condominium ownership.
The conversion is usually done collectively; you do not need to apply on your own.
Until the occupancy permit is issued, electricity and water connections do not become permanent and run on temporary contracts.

In a building without an occupancy permit, the move to condominium ownership can take years. Before buying, always ask whether the permit has been issued and, if not, what is blocking it.

A mortgage is possible, but banks usually value the property lower and some require the occupancy permit.

Mortgage eligible

Condominium ownership

The state in which the building is finished, the occupancy permit is issued and each unit has its own title. It is the safest title type for a buyer.

The flat is registered on the title with its own unit number and its share of the land.
The occupancy permit is in place; electricity, water and gas connections are permanent.
Common areas and land shares are defined in the management plan.
Sales, mortgages and loans go through most smoothly with this title type.

Condominium ownership on its own does not mean the building is sound. The construction inspection report and compliance with the earthquake code must be checked separately.

Banks lend at the highest loan-to-value on this title type, and valuation moves fastest here too.

Swipe the cards sideways

Location

Mahmutbey, Bağcılar, İstanbulMahmutbey Mahallesi, Bosna Caddesi, Bağcılar / İstanbul

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This listingNearby listings (6)

The map and distances are approximate, measured from the centre of the neighbourhood; the exact address is shared at the viewing appointment.

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