UK-based architecture giant Foster + Partners is set to design the recently announced The Address Residence Istanbul, a premium collection of five-star serviced residences.
To be launched by Emaar Turkey, a wholly-owned subsidiary of Emaar Properties, the project marks the first fully-fledged hotel and serviced residence project of The Address Hotels + Resorts, the flagship hotel brand of Emaar, in an international market.
The 197 residences, which are fully furnished and will overlook the Marmara Sea, Princess Islands and Bosphorus Strait, are located on levels 12 to 29 of The Address Istanbul, a 49-storey building at the heart of Emaar Square, the mixed-use project by Emaar.
The hotel rooms and suites are located in the first nine levels in addition to a range of restaurants, a spa, pools and health club, a statement said.
Ahmad Matrooshi, managing director of Emaar Properties, said: “The global launch of The Address Residence Istanbul in Dubai highlights the strong interest among UAE investors in Turkey’s property sector led by the bilateral trade relations and strong tourism growth.
“Turkey is today the most preferred European holiday destination for UAE residents according to reports, which makes the premium serviced residences desirable as second homes or long-term investments.”
The interiors for the project will be designed by Hirsch Bedner Associates (HBA).