Located in the heart of Nişantaşı, Değer 16 Residences offer an unparalleled living experience just steps away from the city's most prestigious shopping and dining destinations. Within walking distance, you'll find iconic luxury boutiques such as Louis Vuitton, Chanel, and Prada, as well as a selection of the area's most prominent cafes and restaurants.
Over the past decade, Nişantaşı has evolved into Istanbul’s premier luxury retail hub, with Abdi İpekçi Street now recognized as the most expensive retail avenue in Turkey. This prestigious street is lined with a variety of exclusive boutiques featuring both Turkish and international designer labels, alongside world-class restaurants and charming cafés. At Değer 16, you’ll enjoy the unique privilege of residing in one of Istanbul's most coveted neighborhoods, surrounded by the best that the city has to offer.
The word Nisantasi literally means Aiming Stone (target stone) in Turkish. Before the land had been granted for public use, it was an area where Ottoman soldiers used to shoot at target stones for improving their aiming skills. Some of these target stones, which are shaped like small obelisks and have Ottoman Turkish inscriptions on them, are still found on the pavements of Nisantasi as monuments from the past. Nisantasi is famous for its many Art Nouveau apartment buildings and is home to several prominent figures of the Turkish jet-set, culture and art. Nisantasi was settled by Sultan Abdulmecit, in the middle of the 19th century. He ordered the construction of the Neo-Classical Teşvikiye Police Station and the Neo-Baroque style Tesvikiye Mosque for a proper district, encouraging the citizens of Istanbul to settle here (hence the name Tesvikiye which means Encouragement in Ottoman Turkish).
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