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Morocco Property Investment Specialist

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Morocco Property Report

Spanish boat owners look to Morocco for moorings

Posted in Property News by Michael Kent Thursday August 28, 2008

Saidia Property Report 28th August 2008 –

There are waiting lists of up to five years for moorings on the Costa del Sol. This has led many owners to look across the waters to the coastline of Morocco for affordable and available moorings.

Marina Saidia: An attractive alternative to the Costa del Sol

It sounds like the ideal life – buy a boat then moor it in sunny Spain – perfect for a weekend getaway or a holiday on the seas. The problem is that the supply of boats has far outstripped the availability of “wet” moorings in Southern Spain meaning that many owners are forced to dry dock their boats and incur expenses each time they take them in or out of the water.

However, the solution lies close at hand – just across the water in Morocco on the spectacular stretch of coastline known as Morocco’s Blue Pearl. Here the magnificent development of Mediterrania Saidia will be the third largest marina on the Mediterranean, capable of holding 1,350 boats from 7m to over 50m. As well providing much needed extra capacity the marina can also boast all the facilities and services needed to repair, restock and refit even the largest ocean going cruisers.

What’s more, for those who worry that owning a boat is very much like throwing your money into the sea, the prices here compare extremely favourably with Puerto Banus. A 12m berth in Saidia is available for only €49,711 whereas a similar berth in Puerto Ban us would set you back over €195,000, suggesting that as well as being affordable and accessible the berths in Saidia could turn out to be a canny investment.

Indeed the aim of the Saidia Resort is to create a new luxury destination on the Mediterranean that will attract high-spending, affluent boating elite. Backed by both the government and the King of Morocco (who often holidays in the area) the Saidia Resort aims to be the ultimate all-year round sports and sun destination with three golf courses, Olympic standard sports facilities and a David Lloyd Tennis Centre – just for starters.

When the project was launched with the personal backing of the King few could have envisaged the sophisticated resort area now taking shape. Nine elegant luxury hotels line the glorious 6km of white sandy beaches along which the resort is set. Just off the beach are over 3,000 villas, riads and apartments whilst the impressive Medina area will be home to over 230 retail outlets including many recognisable household names such as Mango, Vertu and Lacoste. The budget airlines have already booked slots at the international airport and regular flights from all over Europe are beginning to be announced.

For Marbella resident, Marcus Ricci, Saidia has everything that you could wish for in a next generation leisure resort. Mr Ricci, who recently moored his boat in Saidia, had previously been renting a berth at a far higher price in Sotogrande while placing his name on the waiting list for Puerto Banus. He discovered Saidia when he visited the site with a view to purchasing a fully managed condo room in the five-star Radisson Saidia Hotel and Spa. This frontline beach hotel offers purchasers the opportunity to buy a fully furnished hotel suite and then let it back to the hotel operator for a healthy return. What’s more, whenever Marcus wants to stay he simply arranges with the hotel operator to have his suit ready for him when he arrives.

Marcus Ricci is not the only person to see the potential in Saidia. Several England footballers have recently visited Saidia to check on properties they’ve bought there, including luxury villas in the Le Jardin de Fleur Resort. Other top sporting stars including Formula One drivers have also invested in the resort, correctly recognising that what’s being created here is a truly special resort, offering luxury fully furnished homes managed by recognised five star hotel operators to maximise rental income when you’re not using your home.

Costa del Sol based company, Property Logic, is responsible for the eleven Le Jardin de Fleur developments in Saidia comprising hotel-operated villas and apartments all designed in an attractive Moroccan style. Simon Boxus, Commercial Director commented, “When we chose the destination of Saidia three years ago we recognised the unique combination of super marina, golf courses and five star amenities would attract the luxury tourist market. Already back then we saw the huge potential of Morocco – now the dream is coming alive.”