Ortakoy was a resort for the Ottoman rulers because of its attractive location on the Bosphorus, and is still a popular spot for residents and visitors. The village is within a triangle of a mosque, church and synagogue, and is near Ciragan Palace, Kabatas High School, Feriye, Princess Hotel.
The name Ortakoy reflects the university students and teachers who would gather to drink tea and discuss life, when it was just a small fishing village. These days, however, that scene has developed into a suburb with an increasing amount of expensive restaurants, bars, shops and a huge market. The fishing, however, lives on and the area is popular with local anglers, and there is now a huge waterfront tea-house which is crammed at weekends and holidays.