Turkish developer Kuzu Group has joined hands with Qatari Diar Real Estate Investment Company to launch its seven-star luxury project Sea Pearl Ataköy, which will be built at a cost of $2.7 billion in Istanbul.

The project, slated to be one of the most luxurious development in Istanbul, received an overwhelming response from GCC investors during its launch at the Cityscape Global expo held recently in Dubai, UAE.

It was unveiled amidst huge fanfare at the leading realty event by Fayez Al Saeed, famed Emirati singer and the face of Sea Pearl.

Located on the banks of the Sea of Marmara in Istanbul, one of the most prestigious residential localities in the city, the Sea Pearl Ataköy will boast 1,474 luxurious apartment units and a deluxe five-star hotel apart from high-end boutiques featuring global brands and lavish restaurants.

Özen Kuzu, the group chairman, said: "We are very pleased with the response the Sea Pearl Istanbul have received. The project has been a huge success, with great interest coming in from the GCC. A majority of the investment in Sea Pearl Istanbul has come from the Gulf."

All the 1,474 residential units will be built using high-quality materials, including an earthquake-resistant piled raft foundation system, central floor heating, high-end built-in kitchens, and sound insulation between each flat, he pointed out.

"This is an exceptionally luxurious project, its location by the beach in the most premium locality in Istanbul only adds to its splendour. We are certain that the investors will enjoy the fantastic views and luxury living experience the Sea Pearl has to offer," he stated.

The Sea Pearl Ataköy, he noted, is a highly impressive development set to redefine the very essence of luxury living.

"Spread across an 128,000-sq-m area, the Sea Pearl Ataköy enjoys idyllic views of the sea while is at the same time being highly central and accessible," he added.-TradeArabia News Service