This paper looks at the inter and intra-racialization dynamics embedded in hyper-exploitative capital accumulation regime in West Istanbul, a global metropolis hosting almost one million Syrian refugees and millions of internally displaced Kurds. By looking at the neighbourhoods adjacent to manufacturing or organized industrial sites, where subsequent waves of migrants/refugees have chosen to migrate into, the paper attempts to add nuance to analytic framing of host-refugee binary. This work will share findings from a preliminary phase of fieldwork that investigated the processes of racialization among Syrians, Kurdish population and Turks in the urban context where encounters in the production spaces (workplaces) and reproduction sites (neighbourhoods, locations of leisure and apartment buildings) flow out of simple host-newcomer tension and create more hybrid racialization dynamics. It also attempts to add depth to the study of racialization by bringing together the ideational mechanisms and the logic of capital accumulation in urban context, in contemporary Turkey.