Istanbul is developing and turning very cosmopolitan at a fast rate. A proof of this is the Istanbul Sapphire which is a 261-meter skyscraper. It will be completed in late 2009 and will then be the tallest residential building in all of Europe.

The skyscraper has been under construction for three years and recently reached full height. There will be 174 private residences divided between 64 floors. The other features of this towering building include a shopping center, fitness center and spa, restaurants and includes vertical gardens and a viewing terrace.

The total cost of the project is currently $200 million and around 40 percent of the whole project has been sold.