Istanbul is the largest city in Turkey, constituting the country's economic, cultural, and historical heart. With a population of 14.1 million, the city forms one of the largest urban agglomerations in Europe, second largest in the Middle East and the fifth-largest city in the world by population within city limits.
Istanbul's vast area of 5,343 square kilometers is coterminous with Istanbul Province, of which the city is the administrative capital. Istanbul is a transcontinental city, straddling the Bosphorus—one of the world's busiest waterways—in northwestern Turkey, between the Sea of Marmara and the Black Sea. Its commercial and historical center lies in Europe, while a third of its population lives in Asia.
Istanbul has numerous shopping centers, from the historic to the modern. The Grand Bazaar, in operation since 1461, is among the world's oldest and largest covered markets. Mahmutpasha Bazaar is an open-air market extending between the Grand Bazaar and the Egyptian Bazaar, which has been Istanbul's major spice market since 1660. Galleria Ataköy ushered in the age of modern shopping malls in Turkey when it opened in 1987.Since then, malls have become major shopping centers outside the historic peninsula. Akmerkez was awarded the titles of "Europe's best" and "World's best" shopping mall by the International Council of Shopping Centers in 1995 and 1996; Istanbul Cevahir has been one of the continent's largest since opening in 2005; while Kanyon won the Cityscape Architectural Review Award in the Commercial Built category in 2006. İstinye Park in İstinye and Zorlu Center near Levent are among the newest malls which include the stores of the world's top fashion brands. Abdi İpekçi Street in Nişantaşı and Bağdat Avenue on the Anatolian side of the city have evolved into high-end shopping districts
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