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For sale · Apartment · IRE-0069

Özak Dragos

Cevizli (Dragos), Maltepe1+1 / 2+1 / 3+10 m²

Price$360,000∞ ₺ / m²

Description

Özak Dragos is an Özak GYO project located in central Maltepe, beside the E-5 highway and across from Piazza AVM and Maltepe Park. It is within walking distance to the M4 Kadıköy-Sabiha Gökçen metro line, and also close to Marmaray and the coastal road.

Spanning approximately 16,000 square meters, the 5 towers contain 458 apartments ranging from 1+1 to 3+1 types. Apartments stand out for their views of the islands and sea.

Built on two adjacent parcels, each parcel has its own social facilities; an open-air swimming pool, fitness center, café, lounge, sauna, and children's play areas are located within these facilities. A total of two open-air swimming pools are available.

Located just 5 minutes from Maltepe beach, the project offers access to kilometers of green waterfront for walking, jogging, and cycling activities. Adjacent to Cengiz Aytmatov and Cumhuriyet Parks, it provides living immersed in greenery.

According to the September 2026 price list, 1+1 apartments start at 360,000 USD; payment is structured as 50% down and 24 monthly installments with 10% VAT included.

Starting price 360,000 USD (September 2026 price list; 1+1 (68-86 m²) starting at 360,000 USD; 50% down, 24-month installments, 10% VAT included); TL equivalent calculated at 48.52 exchange rate and varies with current rates. Payment plan: 50% down, 24-month installments, 10% VAT included.

Developer: Özak GYO · 458 apartments · 5 towers · Square meters: 68–219 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 M4 Kadıköy-Sabiha Gökçen metro
5 minutes to Maltepe beach
Two open-air swimming pools
Fitness center
Café and lounge areas
Sauna
Children's play areas
Close to Piazza AVM and Maltepe Park
Island and sea views
Close to E-5 highway
Green garden areas

Hesap

Taxes and costs on purchase

Title deed fee — total (%4)By law the buyer and seller split it evenly (%2 + %2): $14,400
Buyer's shareIn practice it is usually left entirely to the buyer — it is negotiable: $7,200
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: $369,200

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

Cevizli (Dragos), Maltepe, İstanbulCevizli Mahallesi, Tugay Yolu Caddesi, Maltepe / 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.

Contact

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