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BEŞIKTAŞ · ÖZAK GYO & İNT-ER YAPI

Özak Palas Balmumcu

Özak Group's Balmumcu palace residences — refined urban living adjacent to Zorlu Center

Bedrooms
2
Bathrooms
2
Area
280 m²
Type
Villa
Delivery
10/2028
View
City

Why this property

🛍️
Walking to Zorlu Center
🚇
Gayrettepe M2 metro nearby
🏢
5 min to Levent CBD
🌳
Balmumcu tree-lined valley
🏊
Indoor swimming pool

About this residence

Özak Palas Balmumcu is a residential project by Özak Group in Balmumcu — Beşiktaş's affluent neighborhood positioned between Zorlu Center, Levent CBD, and Beşiktaş residential corridors. The "Palas" branding (Turkish for "Palace") reflects Özak Group's luxury positioning within the Balmumcu submarket.

Özak Group is one of Turkey's established conglomerates, with operations across construction, real estate, retail (Mavi Jeans co-founder), and investment. Özak's real estate portfolio includes Özak Palas Balmumcu, Özak Doa Göktürk, and Özak Duyu Göktürk — all positioned in Istanbul's premium residential submarkets.

The project offers contemporary apartments with refined interior specifications, smart home systems, and views over Balmumcu's tree-lined valley or the broader Beşiktaş skyline. Building amenities include indoor pool, fitness center, spa, residents' lounge, indoor parking, 24/7 security, and concierge.

Strategic Balmumcu positioning provides walking distance to Zorlu Center (mall, residences, performing arts), Gayrettepe metro (M2), and 5-minute access to Levent CBD.

Available configurations

Layout
4+1
Size
75 m²
From
$500,000

Amenities

🛍️
Walking to Zorlu Center
🚇
Gayrettepe M2 metro nearby
🏢
5 min to Levent CBD
🌳
Balmumcu tree-lined valley
🏊
Indoor swimming pool
🏋️
Fitness center
🧖
Spa & wellness
🛋️
Residents' lounge
🛡️
24/7 security
🅿️
Indoor parking
🛎️
Concierge
🌊
Bosphorus partial views

Location

Beşiktaş, Istanbul
🛍️Shopping0.8 km🚇Metro0.7 km🎓Schools0.5 km✈️Airport40 min🏥Hospital2 km🌊Bosphorus5 min🏙️City center10 min🏢CBD3 min

About the developer

ÖG

Özak Group

Özak Group is an established Turkish conglomerate with operations across construction, real estate, retail (co-founder of Mavi Jeans), and investment. Real estate projects span premium Istanbul submarkets including Özak Palas Balmumcu, Özak Doa Göktürk, and Özak Duyu Göktürk.

Investment overview

Rental yield
5.5%
p.a.
Appreciation
45%
5-year
Citizenship
Eligible
Min $400,000
Turkish Citizenship Eligible · Min $400,000

Balmumcu's combination of Zorlu Center adjacency and CBD proximity supports premium pricing. Özak Group brand premium reflects the developer's established track record across Istanbul's luxury corridors.

Frequently asked questions

Who is Özak Group?
Özak Group is an established Turkish conglomerate operating across construction, real estate, retail (co-founder of Mavi Jeans), and investment. The group's real estate portfolio focuses on premium Istanbul submarkets in Beşiktaş, Göktürk, and other luxury-residential corridors.
Why Balmumcu?
Balmumcu combines proximity to Zorlu Center (one of Istanbul's premier mixed-use developments), 5-minute access to Levent CBD, and a residential atmosphere distinct from the more retail-driven Beşiktaş corridor. Strong demand from corporate executives and Turkish business families.
How does this compare to Kempinski Residences Balmumcu?
Both are Balmumcu luxury projects. Kempinski Residences Balmumcu (by Astaş) operates under Kempinski hotel-brand management. Özak Palas Balmumcu is a non-branded luxury development by Özak Group.
Is the project eligible for Turkish Citizenship by Investment?
Yes, for units priced above $400,000.
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