New Marrakech country club development a good investment

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NEW MARRAKECH COUNTRY CLUB DEVELOPMENT A GOOD INVESTMENT

Thursday, 01 Jan 2009

Marrakech is Morocco’s premier tourism destination and has been for many years, ever since the French began seeking holiday property in Morocco by buying up and restoring dilapidated Riads in the city. Marrakech has recently become more popular with the celebrity set, with both P Diddy and Kate Moss making appearances in recent years, giving the city a new kind of chic.

For those seeking more modern accommodation in Morocco, many new developments have sprung up, and the Samanah Country Club offers a tasteful and exciting opportunity for those interested in buying holiday property in Morocco or for those looking to invest. Set 14km outside the city, Samanah Country Club offers a private 18-hole Nicklaus Design golf course with a stunning view of the Atlas Mountains. Three 5-star hotels are planned, all incorporating traditional North African architecture. Other features include a social club, sports centre, spa, children’s play area, bars, restaurants and a business centre, as well as tree-lined streets, a lake and tropical landscapes.

Private villas will give buyers a taste of Moroccan living, and prices start at £231,200 for a three bedroom villa on a 1,340 square metre plot. A six-bedroom home will cost £1.2m, but with rents expected to reach up to £20,000 weekly in peak season there is potential for Morocco property investors, and in addition 20% capital gain over the next two years is predicted.

The increasing popularity of Marrakech as a tourist destination makes the area an excellent opportunity for investors as well as for those seeking a second property in Morocco. With EasyJet offering direct flights from London, just three hours away, and other low cost carriers linking the city to Spain, France and Germany, Marrakech shows no sign of losing its appeal.