Investment opportunities in Morocco

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18/12/08 | Investment opportunities in Morocco – Al Johara: With an increasingly healthy and stable economy, huge government investment in infrastructure and increasing popularity as a holiday destination, Morocco...Read more
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INVESTMENT OPPORTUNITIES IN MOROCCO – AL JOHARA

Thursday, 18 Dec 2008

With an increasingly healthy and stable economy, huge government investment in infrastructure and increasing popularity as a holiday destination, Morocco is an excellent choice for buying overseas investment property. Morocco’s Plan Azur 2010 has been designed to encourage more foreigners to holiday and invest in the country, and has as its goal to entice 10 million visitors a year to its shores. The figure currently stands at over 7 million, and direct flights to the North African country from European cities mean that buying Morocco property is a cheaper and more exotic alternative than in traditional destinations such as Spain and Italy.

Property in Morocco looks like an excellent investment in the current economic climate, too. According to Compass Properties, which specialise in Morocco property, some of their early bird investors have doubled their money in just two years. A 2-bedroom apartment in Marrakech can be had for £38,500, while off-plan properties are available for less. 20 minutes from the centre of Marrakesh, lies the exciting new development of Al Johara – the Jewel. This 150-room 5-star hotel complex provides some of the best-equipped accommodation in Morocco, with its 9-hole golf course, full spa facility and gym, an underground (soundproofed) nightclub and a business centre.

The complex includes no less than 11 swimming pools, several restaurants, an equestrian centre, open air cinema, games rooms and fully child-friendly facilities that make Al Johara an ideal family holiday destination. Various types of accommodations are available freehold, ranging from 5-star single suite rooms, featuring satellite TV and wireless broadband, to four-bedroom private villas, and prices average around €1,500 per square metre. Completion is scheduled for 2013, and 30% discounts are offered for off-plan buyers, making some of the most luxurious, family-friendly and accessible property in Morocco available for under €100,000.