The Old City of Istanbul is the oldest part of the city, and the location of most of its historic sights. Many of Istanbul’s historical gems, mostly consisting of Byzantine and Ottoman-built monuments are within the Old City. Most are located a short walk away from, if not immediately on the edges of, Sultanahmet Square (map). Some other sights are dispersed throughout the peninsula.
*Galata (map) and Beyoğlu further north with its main thoroughfare, the pedestrianized Istiklal Street, and the adjoining Taksim Square is the district of Istanbul north of Sultanahmet/Old City, across the Golden Horn.
The *Bosphorus is the neighbourhoods of Istanbul that lie along the banks of the channel of the same name that connects the Black Sea to the Sea of Marmara, and separates Europe from Asia. European bank of Bosphorus that is dotted by numerous palaces, parks, water-front mansions, and bohemian neighborhoods.
*Golden Horn. Banks of Golden Horn, the estuary that separates European side into distinctive districts. Eyüpsultan with an Ottoman ambience is located here.
Grand Bazaar (Kapalı Çarşı, map). Istanbul’s grand old bazaar with an estimated 4,400 shops lined along covered walkways. It is said to be the world’s oldest shopping mall, covers several blocks and features a labyrinth of side streets to keep you lost for the better part of a day.
Egyptian Bazaar / Spice Market (Mısır Çarşısı, map). It is also a covered bazaar, which is a lot smaller than Grand Bazaar, and as its name implies, houses herbalist and spice shops. It is very touristy. Good for taking some nice pictures, but shopping should be only be done elsewhere, prices are up to twice as high as in the rest of the city.
Accommodation in the peninsula is mostly around Sultanahmet. Budget hotels and hostels are clustered in Cankurtaran, the neighbourhood just south of Sultanahmet Square towards the coastal strip of Kennedy Cd.
For budget meals it is advisable to avoid the restaurants along the tram line and to the West and South from the Blue Mosque. For really budget places, where locals eat, one should go to the Gedik Paşa street (map) and look in the side streets. But if you search some normal prices, it easy to find some place on Peykhane street (map).