DBELA is a Displacement-Based Earthquake Loss Assessment methodology for urban areas which relates the displacement capacity of the building stock to the displacement demand from earthquake scenarios. The building stock is modeled as a random population of building classes with varying geometrical and material properties. The period of vibration of each building in the random population is calculated using a simplified equation based on the height of the building and building type, while the displacement capacity at different limit states is predicted using simple equations which are a function of the randomly simulated geometrical and material properties. The displacement capacity of each building is then compared to the displacement demand obtained from an over-damped displacement spectrum, using its period of vibration; the proportion of buildings where damage exceeds each specified threshold value can thus be estimated. DBELA has been applied using the Turkish building stock following the collection of a large database of structural characteristics of buildings from the northern Marmara region. The probabilistic distributions for each of the structural characteristics ( e. g., story height, steel properties, etc.) have been defined using the aforementioned database. The methodology has then been applied to predict preliminary damage distributions and social losses for the Istanbul Metropolitan Municipality for a M(w) 7.5 scenario earthquake.