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Morocco Property Investment Specialist

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Morocco Property Report


Emaar Morocco Appoints Yves Delmar as CEO

Posted in Property News,Uncategorized by Tom Browning Thursday May 8, 2008

Source: http://business.maktoob.com/

Emaar Properties has appointed Yves Delmar as CEO of Emaar Morocco to lead a diversified portfolio of master-planned projects of development value MAD 54.75 billion (US$6.87 billion; AED 25.3 billion).

Emaar: Setting the Scene in Morocco

Mr. Delmar brings over 25 years of international industry experience and will report to Issam Galadari, Managing Director, Emaar International – Middle East and North Africa.“Mr. Delmar is an accomplished professional and has proven his experience in project design, development and construction in Switzerland and other international markets,” said Mr. Galadari. “He has held senior management positions with top architectural and real estate companies, and is mandated to give an international outlook for Emaar Morocco’s operations. Emaar Morocco has unveiled three master-planned projects – Tinja, Oukaimeden and Saphira – as part of a MAD 42.6 billion (US$5.34 billion; AED 19.6 billion) Memorandum of Understanding with the Moroccan Government under the patronage of His Majesty King Mohammed VI, King of Morocco.

Emaar Morocco has also joined hands with Onapar, part of the ONA Group, to develop the MAD 2.6 billion (US$327 million; AED 1.2 billion) Amelkis II and III, and the MAD 9.56 billion (US$1.2 billion; AED 4.4 billion) Bahia Bay.“Emaar has proven its expertise in creating world-class master-planned projects that usher in a new lifestyle opportunity,” said Mr. Delmar.Emaar Morocco will uphold the exemplary track-record of Emaar, while being committed to the overall socio-economic development of the Kingdom through strategic partnerships, creating job opportunities for the youngsters and supporting ancillary industries.

He added: “Emaar Morocco’s projects complement the efforts of the Moroccan Government in strengthening various growth sectors including tourism. Each has an unparalleled identity that will appeal to the Moroccans as well as to the international community, who are looking at investment opportunities in the Kingdom.”

More Good News for Moroccan Property Investors

Posted in Uncategorized by Colin Timms Tuesday May 6, 2008

A recent report on Moroccan tourism in 2007-8, clearly demonstrates that the pace of change in Morocco continues at full speed. Encouraging statistics from various sectors of the Moroccan economy bode well for those who have, or are looking to invest in property in Morocco.

Morocco: Looking Good

Arrivals Increase

In January 2008 the Moroccan Tourism Ministry announced that tourist arrivals during the first 11 months of 2007 have seen a year-on-year rise of 14%; needless to say, this is great news for Morocco property buyers, particularly those with buy-to-let strategies. Furthermore, with a conservative year-on-year growth forecast of 10% which if realised, will result in 11.8 million visitors by 2012, there is every chance of achieving excellent rental revenues from Morocco properties.

Rising Tourism Receipts

These predicted visitor numbers mean that international tourism receipts should hit $10.83 billion (USD) by 2012 which will create some 600,000 new tourist sector jobs. Additionally, speaking in January 2008, Moroccan Tourism Minister Mohamed Boussaid announced that he expected Morocco’s tourism sector to generate €5.27 billion in 2007, this is up from €4.80 billion in 2006. It would appear that the Moroccan Government also have good control of the economy; the official inflation figure for 2007 was only 2% – because of higher global food and fuel prices the true figure may be a little higher.

30 Million Passengers by 2010

The report highlighted another statistic that will be welcomed by Morocco property buyers; the number of passengers passing through the country’s airports increased by a healthy 19 percent over the first 11 months of 2007. The total now stands at an impressive 9.2 million passengers. Morocco’s Airports Authority (ONDA) wants the country’s airports to be able to handle at least 30 million passengers each year by 2010. Owners of Moroccan apartments and Moroccan villas are sure to benefit from the increasing demand for rental properties in Morocco’s tourist hotspots.

Stable Political and Economic Outlook

A major concern for anyone thinking about buying real estate in Morocco – or any emerging market – is the political situation. Happily, the report contains more encouraging news for buyers of Morocco properties. The country held general elections in September 2007 in which Morocco’s ruling party regained power. The voting procedure received praise from the European Union for its transparency and fairness. Colin Timms of Moroccan Sands comments: “Political reforms are increasingly bringing the country into line with more established democracies and have led to Morocco being regarded as the most stable country in the entire region”. He added: “Morocco’s system of proportional representation makes it extremely difficult for any one party to gain a stronghold and this should prevent extreme political parties unduly influencing the country’s politics”.

Reassuring Figures

Although no country is without its problems, Moroccan property buyers should be reassured by these excellent figures. The billions of dollars of inward investment flowing into Morocco, investment in both infrastructure and in the development of fabulous new resorts, makes this the perfect time to put your money into Moroccan real estate.

Momentum in the Morocco Property Market continues apace

Posted in Uncategorized by Michael Kent Monday March 3, 2008

Although only a couple of months old, 2008 looks like being the best year yet for buying property in Morocco. A combination of low interest rates, a new raft of high quality projects, the impending arrival of more low cost air routes and a growing consumer awareness of the benefits of investing in this exotic kingdom mean that investors looking for the best returns are focusing their attention on Morocco.

This message already seems to be getting through to the overseas property market. The UK’s major property portal, rightmoveoverseas.co.uk, has reported a year-on-year 212% increase in enquiries concerning property in Morocco. Tom Browning of the agent network www.moroccoproperties.com added “Since launching the website in January we’ve been inundated by request from agents around the world looking to join our agency network. They realise the conditions in Morocco right now offer a never to be repeated opportunity for property investors.”

It was also recently reported that the numbers of visitors to the country continues to grow, outpacing growth in the global market and performing above expectations due to the implementation of the Vision 2010 programme. The number of foreign tourists visiting Morocco last year rose by 13% (the global rise was only 6.2%) to 7.4 million in total. This leaves the country on target to reach its target of 10 million visitors annually by 2010.

Michael Kent of Moroccan property specialists Moroccan Sands commented, “The growth in tourism figures mirrors the growth in enquires we’ve seen in the last year. Many buyers are looking at other destinations such as Bulgaria and Egypt and seeing very shallow investment returns in often saturated markets – yet when they look at Morocco they see a highly sophisticated market with excellent capital growth rates and realistic exit strategies.”

“The great thing about Morocco is that it offers distinctly different markets for property investors. The Marrakech market is very much driven by rental returns, there’s a strong all year round demand and several new projects and the new airports will only reinforce this. Alternatively, Tangier offers property buyers the chance to buy in a fast developing region where capital growth on prime projects is running at 25-30% per annum – with the extra bonus of a strong local rental market due to the opening of the $2billion Tangier Med Port.”

Playa Vista Tetouan Morocco Phase 3 Launch

Posted in New Launch by Michael Kent Thursday September 6, 2007

Just released are the marina/harbourside properties in the fantastic and popular Playa Vista Resort on the Mediterranean coast in Morocco.

These two bedroom apartments will be highly sought after for buy to let as well as rentals and are ideal for those looking for an affordable marina lifestyle on the Mediterranean. Their shear uniqueness, combining stunning setting, a private beach, marina and resort facilities make this a tempting opportunity for any investor. Prices start from £89,950. More…

Call today to reserve:
DIRECT SPAIN: 0034 952 765 993
FREEPHONE UK: 0800 856 3005
FREEPHONE EIRE:1 800 805 430

Sunset Resort Asilah Morocco Property

Posted in New Launch by Michael Kent Thursday September 6, 2007

Moroccan Sands is pleased to announce the launch of the exclusive oceanfront development, Sunset Resort in Asilah. This development of two bedroom apartments is situated close to the attractive fishing village of Asilah and only half an hour from Tangier (Tanger) International airport.

The development features direct access to the wide sandy unspoilt beach and features ample areas of parkland and green space. The 400 apartments and penthouses were released for sale with prices from only £52,088, good value by anyone’s estimation in today’s market.

Michael Kent, the Sales Director of Moroccan Sands, commented “This has always been a popular area, indeed this developer’s previous project, Paradise Golf and Beach, was one of the best buys in Morocco at the time. Now we’re seeing other quality developers like Emaar and Qatari Diar moving into the area at much higher prices, making the Sunset Resort an even better investment option for the future as these prestigious projects will surely elevate the profile of the whole area.” More…

Moroccan Sands Launches Athenea Golf Property in Saidia

Posted in New Launch by Michael Kent Tuesday September 4, 2007

Marbella, Spain – Moroccan Sands announces the launch of its exclusive frontline golf “Athenea Golf” development in Mediterrania Saidia. An ideal investment opportunity, buy-to-let, or second home.

Everybody dreams of the perfect apartment overlooking the impeccable greens and manicured fairways but frequently these prime positions are either already sold out or too expensive. This is mainly due to successful buy-to-let investors who have realised that golf apartments with views receive more bookings and so this has had the effect of pushing up prices and reducing supply.

So, when a new frontline golf development on a 5 star luxury resort with prices from only 79,000 euros (exclusive of taxes) becomes available the astute property investor can see lucrative returns, from both rental receipts and pure capital appreciation.

The Athenea Golf project is situated at the eastern end of the Saidia resort and features adult and children’s swimming pools, a clubhouse with a bar and restaurant and a padel court, all set in lush sub-tropical gardens. Michael Kent, the Sales and Marketing Director of Moroccan Sands commented

“The one, two and three bedroom, west-facing apartments will be the perfect place to enjoy the spectacular sunsets across the Mediterranean Sea whilst sipping a cold drink watching the last players finish their round.”

Michael Kent, the Sales and Marketing Director of Moroccan Sands, commented that “the ideal overseas investment needs a numbers of crucial ingredients and Athenea Golf has all these and more; 6km of white sandy beaches, a great climate, a 840 berth marina, plus a host of sports, golf, retail and conference facilities all add up to an ideal rental location. Plus in Morocco there’s no tax on rental incomes for the first five years of lettings.”

For more information please contact Moroccan Sands on 00 34 952 765 993 or Michael Kent at michael@moroccansands.com

Work begins on Tanger (Tangier) City Centre

Posted in Property Updates by Michael Kent Tuesday September 4, 2007

A New Centre for Tangier Work has now started readying the Tanger City Centre site for construction. The first things to happen are the installation of a new billboard to promote the site and the construction of access roads for the heavy works equipment.

Speaking on behalf of Moroccan Sands, the leading Moroccan property company, Sales and Marketing Director, Michael Kent, added, “It’s tremendously exciting to see work begin on such a large and important project that will change the face of this famous city for ever. We’ve had tremendous investor interest from around the globe for this world class project and, I personally, can’t wait for the day when our new office in the Tanger City Centre opens for business.”

There has been a slight delay in the planned launch as all the local authorities energies have been diverted to impressing the visiting Expo 2012 bid committee. At present the final negotiations are concluding between the developers and the local authorities as to the final horizontal division of the project. Once the ratio between residential, commercial and retail is finalised, final prices and then commercialisation will start soon after. Obviously, with such a prestigious project, no stone will be left unturned and only when everything is in place will prices and plans be released for sale.

“The local government and Mohamed Hassad, governor of the Tangier-Tetouan province, remains deeply committed to this project and investors can be assured that once launched this will be the best address, as well as the best investment in Morocco” added Michael Kent

For more information please contact Moroccan Sands on 00 34 952 765 993 or Michael Kent at michael@moroccansands.com

Emaar Morocco Property Launch!

Posted in New Launch by Michael Kent Monday August 27, 2007

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).