Its name means "healing"
In antiquity the place was called "Pharmakeia". As the name did not sound very pleasant, in the 5th century Patriarch Atticus of Constantinople changed it to "Therapia", meaning healing. Over time it became Tarabya. With its clean air and cool breezes, it is no surprise that it was Istanbul's summer retreat for centuries.
The embassies' summer retreat
Tarabya's cool summers also drew foreign envoys in Ottoman times. From the reign of Selim III, France, Switzerland and Naples; under Mahmud II, Denmark and Romania; and under Abdülhamid II, Britain and Germany built summer embassies here. Germany's historic summer residence lives on today as the Tarabya Cultural Academy, which has hosted artists since 2011.
Living and doing business in Tarabya today
The bay and marina, the fish restaurants along the shore and the promenade facing the Bosphorus are the heart of the neighbourhood. Apartments close to the shore with Bosphorus views are the most requested. Further up the hillside you find quieter residential compounds, villas and detached houses among the greenery.
Tarabya is also a lively commercial neighbourhood. Shops along the coastal road and around the square are sought after for cafés, restaurants and local businesses. Visitors all year round and a steady local population make commercial property here valuable for both buyers and tenants.
The neighbourhood is home to campuses of Lycée Pierre Loti and Tarabya British Schools, so families wanting to live near school often ask about Tarabya. Hacıosman metro station (M2), about 3 km up from the shore, gives a fast connection to Maslak and the city centre.
Rents and sale prices in Tarabya
September 2026 · Faruk Ordu's own observation and listing data
sahibinden.com Real Estate Index, August 2026
For rent (monthly)
- 1-bedTRY 22,000 – 40,000The lower end is away from the shore (e.g. the Bağlar area of Yeniköy); the upper end is well-kept flats close to the water.
- 2-bedMostly TRY 50,000 – 70,000Older, undecorated flats away from the shore TRY 30,000 – 45,000; up to TRY 200,000 in large compounds with pool and gym.
- 3-bed and largerMostly TRY 80,000 – 150,000From TRY 50,000 away from the shore; TRY 200,000 – 400,000 in boutique compounds; TRY 700,000 and more for waterfront yalı apartments with a private quay.
- Furnished 2-beds on the shorearound TRY 100,000
For sale · examples
- New 3-beds with a viewTRY 35 – 40 million
- Older, spacious flat on a good street within walking distance of Tarabya~TRY 35 million
- Mini villas with gardenTRY 20 – 25 million
- 3-beds on the shore facing the BosphorusTRY 50 million and up
For sale prices, three things matter most: whether the flat sees the Bosphorus, whether it is in a compound, and the age of the building. Older flats along the shore are usually spacious, and the view and location push their price up. Newer flats are mostly further inland, in areas like Ferahevler, and the two often end up priced alike. The view matters more than the age: a 300 m², 30-year-old flat facing the Bosphorus can reach TRY 110 million, while a new 240 m² flat a little further in, with a sea view, is around TRY 90 million.
Notable compounds
- Sanatçılar Sitesi — An established compound known for spacious flats and duplexes set in greenery.
- Le Chic Tarabya — A new compound with pool and gardens; rents are well above the neighbourhood average.
Good flats can be gone the same day they are listed. Tell me in advance what you are looking for and I will call you before it goes online.
Figures are asking prices; negotiation, condition and furnishing change the final price. Sources: Faruk Ordu's own observation, sahibinden.com Real Estate Index (August 2026), listings on sahibinden.com and Emlakjet (September 2026).
Tarabya through my lens
All photos →Looking for property in Tarabya?
For sale or for rent; an apartment, villa, shop, commercial space or land; by the shore or up the hill… Tell me what you are looking for. When a suitable place comes up, I will call you before it goes online. If you want to sell or let your property, let's first see it on site and set the right price together.

