DAP Real Estate Development

DAP Gayrimenkul Gelistirme A.S. is a real estate and construction company that develops residential and commercial property projects. The company runs the project development activities of the DAP brand, whose roots go back to 1999, and its shares trade on Borsa Istanbul under the ticker DAPGM. DAPGM stock is followed among property developers with an income structure tied to housing sales.

The company's projects are mainly in Istanbul; Validebag Konaklari, Ormankoy, Nisantasi Koru and Dap Levent are among the notable projects in its portfolio. Activities cover land acquisition, project design, construction and the sale of independent units. Although the projects have a residential-weighted product mix, offices and commercial spaces are also among the structures developed.

For property developers, housing sales pace and prices, mortgage rates, construction costs, pre-sale collections, project delivery timelines and financing expenses are decisive. Housing supply in Istanbul and regulations on sales to foreigners can also affect demand.