La Perle de Tangier

Tangiers has been waiting for a truly spectacular project to highlight its transformation from a forgotten outpost to the dynamic commerce orientated city it is today and we believe that this has arisen with the La Perle de Tangier. What's more if you are interested in buying property in Morocco or property in Tangier then these apartments are extremely competitively priced per sqm and should be considered by any investor in Morocco.

This exclusive development comprises six residential towers, two office towers, a five star hotel and a shopping complex - all set around an artificial lake only 600m from the beachfront in Tangier. We expect this mixed use development will attract Tangier's burgeoning professional class as well as young couples looking for a first home.

The development is located in the new financial district of Tangier, where new shiny office blocks fitted with all the latest communications equipment and business facilities will be based. Over the next 5 years Tangier aims to become a premier Mediterranean destination and massive government and private investment is flowing into the city - all overseen by Mohammed Hassad the current Mayor of Tangier who was previously credited with transforming Marrakech into the chic destination it is today.

Central to this is the development of the Tangier Med port about 30km along the coast from Tangier. As well as creating the largest container facility in Africa and removing the freight traffic from the town centre, the Port will directly create around 100,000 jobs and as many as 400,000 indirectly. The population of Tangier has quadrupled in the last decade creating a shortage of suitable rental accommodation which will only be exacerbated by the thousands of professionals employed in the Port related industries.

The developer is a large Spanish company who are currently developing throughout Morocco and who have a track record of working with the local authorities and central government in Morocco. They have sought to create a mixed use sustainable community that will become a new landmark in Tangier.

One, two and three bedroomed properties are available - all constructed to the same high standards which include a fully fitted kitchen, hydro massage bathroom and installed air conditioning in the living room and main bedroom. The open layout of the apartments will appeal to the European market and ensure that they are attractive for rental or resale.

Payment Terms: 20% then 10% in one year and 70% on completion

Low rate mortgages available

Completion estimated Oct 2009

Limited one bedroom apartments available

Two bed apartment - £98,557 (131,640€)

Three bed apartment - £131,304 (175, 387€)