Space Istanbul Real Estate Development and Consulting

What Space Istanbul Real Estate Development and Consulting does

Space Istanbul is a privately-held luxury real estate brokerage founded in 2006 in Bebek, Istanbul, specializing in high-end residential and commercial property transactions along the Bosphorus and across Turkey. The firm operates through a network of 9 branch offices staffed by 30+ professional real estate consultants, serving local and international high-net-worth individuals seeking villas, historic yalis (waterfront mansions), penthouses, and premium apartments. The company also markets select international development projects in Miami, London, and Halkidiki to its client base, signaling a cross-border distribution capability beyond its core Turkish market.

The company's core technology stack includes a CRM platform for property listings management and E-Teklif, a proprietary digital bidding platform that enables online, transparent property transactions with verified buyers submitting legally binding offers. Space Istanbul generates revenue through commission-based fees on both property sales and rentals, with 190+ active sale listings and 90+ rental listings across multiple Turkish markets including Istanbul, Izmir, Mugla, Ankara, Balıkesir, Bolu, Kırklareli, and Antalya. Its go-to-market motion is sales-led, combining physical branch presence in prestigious neighborhoods across Istanbul, Izmir, Mugla, and Ankara with a multilingual website supporting multiple currencies (TRY, USD, EUR, GBP).

The firm's growth strategy has centered on geographic expansion, opening new offices in Zekeriyaköy (2022), Bodrum (2023), and Ankara (2024), bringing the total to 9 branches. Co-founders Şeli Elvaşvili and Filiz Çakmur remain as Managing Partners, with a senior team including a Commercial Real Estate Director and Operations and Marketing Manager. Space Istanbul supplements direct brokerage with content marketing (educational blog on historic properties and Bosphorus real estate), email newsletter subscription, and WhatsApp-based client engagement channels.

Name

Space Istanbul Real Estate Development and Consulting

Legal name

Space İstanbul Gayrimenkul Geliştirme ve Danışmanlık A.Ş.

Website

https://spaceistanbul.com

Company type

Private

Founded year

2006

Operating status

Operating

Headcount range

11–50 employees

Short description

Space Istanbul is a privately-held luxury real estate brokerage founded in 2006 in Istanbul, operating 9 branches across Turkey with 30+ consultants serving high-net-worth individuals seeking Bosphorus-area villas, historic yalis, and premium residences via commission-based sales, rentals, and its E-Teklif online bidding platform.

Ownership category

akta.pro rank

Product category

Luxury Real Estate Brokerage

NAICS

Offices of Real Estate Agents and Brokers (5312)

SIC

Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Office Brokerage (BPAJABAA)

akta.pro secondary industry

Commercial Real Estate Brokerage (Leasing & Sales) (FSAEAJAB)

Keywords

• Luxury real estate brokerage
• Residential property sales
• Commercial property consulting
• Luxury property rentals
• Real estate development advisory

Headquarters

HQ city

Besiktas

Offices9 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Property Sales Commission: Commission-based revenue from facilitating luxury residential and commercial property sales across Turkey. The company represents both buyers and sellers of high-value real estate including villas, mansions (yalis), apartments, and commercial properties.
2. Property Rental Commission: Commission-based revenue from facilitating luxury property rentals. The company manages rental listings across residential, commercial, and seasonal vacation properties.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

Space Istanbul is a luxury real estate agency that brokers residential and commercial property sales and rentals across Turkey, with a focus on Bosphorus-front properties, historic yalis, villas, and premium residences in Istanbul, Izmir, Bodrum, and Ankara. The firm provides consulting, property valuation, and transaction support through 30+ professional consultants across nine branch offices, and operates the E-Teklif digital bidding platform for transparent online property transactions.

Product overview

Space Istanbul operates as a luxury real estate agency with a comprehensive portfolio of services and property offerings. The core service is luxury residential and commercial property sales and rentals across Turkey, supplemented by the E-Teklif online bidding platform for transparent digital property transactions. The company also markets development projects including both ongoing international properties (Miami, London, Halkidiki) and domestic Turkish developments, alongside completed residential and commercial projects in Istanbul and Ankara.

Differentiator

Problem solved

Functional benefit

Brands

• E-Teklif: An innovative online bidding system for real estate sales, allowing transparent and structured bidding processes for property transactions.

Products and services

• Space Istanbul Luxury Real Estate Brokerage Services Full-service luxury real estate agency offering residential and commercial property sales, rentals, and consulting across Istanbul, Izmir, Bodrum, Ankara, and Mugla, aimed at affluent buyers, sellers, and investors.
• E-Teklif (Online Bidding System) Digital real estate sales platform enabling online bidding for property transactions, allowing sellers to receive competitive offers from verified buyers through a transparent online process with identity verification and signed sales terms.
• Luxury Property Rental Services Commission-based brokerage services for luxury rental and leasing of apartments, villas, seasonal residences, and commercial properties across Turkey's top destinations.
• Real Estate Consulting and Advisory Advisory services including property valuation, market analysis, investment guidance, and transaction support for clients buying, selling, or renting luxury real estate in Turkey.

Quantifiable outcome

• Over 20 years of luxury real estate market experience
• +2 more outcomes

Named customers1 record

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Scale indicators5 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Engel & Völkers Turkey: International luxury brokerage franchise with Turkish offices in Istanbul and coastal markets. Targets the same premium residential segment with a globally recognized brand and structured agent licensing model.
• Knight Frank Turkey: Global luxury real estate advisor with a Turkish affiliate focusing on prime Istanbul, Bodrum, and Aegean markets. Competes head-to-head on waterfront villas, yalis, and luxury residential sales to international buyers.
• Coldwell Banker Turkey: International real estate franchise operating in Turkey's major cities. Competes in the mid-to-upper luxury segment with a global referral network for inbound HNW buyers.
• Better Homes Turkey: Turkey-focused luxury real estate agency specializing in Istanbul and Aegean coastal markets. Direct competitor on high-end villas, marina properties, and international buyer-facing service.
• Sotheby's International Realty Turkey: Operates a luxury real estate franchise network in Istanbul and across Turkey, directly competing for the same Bosphorus waterfront and high-end villa mandates that Space Istanbul specializes in. Both serve international HNW clients seeking Turkish trophy assets.

Regional players

• Daire22: Istanbul-headquartered boutique real estate agency serving the Bosphorus and central luxury districts. Competes with Space Istanbul on micro-market inventory in Beşiktaş, Sarıyer, and Beyoğlu.

Emerging players

• Hepsiemlak: Leading Turkish online property marketplace serving both residential and luxury segments. Competes with Space Istanbul's online discovery layer by offering broader inventory aggregation to Turkish property seekers.
• Emlakjet: Major Turkish online real estate listings platform that aggregates inventory from thousands of agencies. Competes indirectly by giving sellers reach beyond any single boutique brokerage like Space Istanbul.
• Glohome: Istanbul-based real estate technology platform facilitating online property transactions. Overlaps with Space Istanbul's E-Teklif concept by digitizing parts of the Turkish property transaction workflow.

Broad incumbents

• RE/MAX Turkey: Largest international real estate franchise in Turkey by office count, serving general residential and commercial segments. Overlaps with Space Istanbul in the upper-mid tier but with much broader market reach and lower luxury specialization.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/spaceistanbul
• Facebookfacebook.com/SpaceGayrimenkul
• LinkedInlinkedin.com/company/spaceistanbul

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Space Istanbul Real Estate Development and Consulting