Moroccan property investors have long anticipated the launch by the world’s largest property developers, Emaar, of their Tinja Resort near Tangier in Morocco. The first phase of the development is released on Saturday 25th August but the limited release looks likely to leave many investors disappointed as demand outstrips supply. So what next for the overseas property investor?
Emaar have recognised, along with shrewd investors from around the world, that Morocco has a unique combination of factors that put it at the forefront of potential investment destinations. With a tax regime favourable to investors (including exemption from income tax on rental income for 5 years) and massive government backing for infrastructure creation and an ambitious programme of resort creation, known as the Plan Azur , Morocco certainly possesses the attributes for profitable property investment.
So if you missed out on Emaar where are the other great investments in Morocco?
The Saidia Resort , set on 6km of glorious Mediterranean beach, is the most prestigious and complete resort investment in Morocco. With a 740 berth luxury marina, three golf courses, Olympic standard sports facilities, a conference and exhibition centre, as well as a plethora of high end retail and leisure outlets, from the Buddha Bar to Dior, Saidia is set to become the new home of the international jet set.
For those looking for quality and style similar to Emaar, the The Fairway Riads and The Greens Golf Apartments offer a stylish, fully furnished alternative. With prices from £88,000 for a two bedroomed apartment with plasma TV’s and air-conditioning they offer great value, plus potential capital growth can be conservatively estimated at 15-20% per annum.
These properties and many other attractive investment opportunities in Morocco are available from Moroccan Sands Morocco’s premier real estate company.
See www.moroccansands.com or call 0034 952 765 993 (direct Spain), 0800 856 3005 (UK freephone) or 1 800 805 430 (EIRE freephone).