Luxury Real Estate

By Jawad Tackoen

In the same way that Dubai is the jewel in the crown of the Middle East, Marrakech is the jewel in the crown of Morocco – Africa. It already has much of the infrastructure in place, a recently developed airport and sustainable tourist numbers.

People have been buying property in Morocco for years. However at this moment in time Morocco is expected to become one of the world’s most sought-after areas for property investment.

Morocco benefits from over 300 days of sunshine per year – the country has a climate comparable to the Mediterranean climate. The summers are hot and the winters are mild, making Morocco a perfect year-round destination.


Even the world's rich and famous are buying properties in Morocco. This is not only due to the fact that buying property in Morocco is a sound investment, but also because they can continue living in the same luxurious lifestyle in Morocco as they can enjoy in traditional locations like St. Tropez or Monaco. Marrakech is becoming the Saint-Tropez of the Maghreb.

Marrakech has a recently modernised airport, lots of beautiful golf courses, restaurants, supermarkets, exclusive clubs and bars such as Nikki Beach & La Plage Rouge…


Expect the unexpected…
Morocco has it all: Art galleries, boutiques, museums, gardens, snow-capped mountain views, golf courses, opera houses, American schools, restaurants, supermarkets, theatres, etc.

Golf
Year-round sunshine, high-quality greens and an easy airport commute; Marrakech has everything the avid golfer could care for. With five courses to be completed by 2009, Marrakech will take a prominent spot in a golfer’s diary.


Skiing
It’s not what you would expect from Africa, but Morocco does have a successful ski season. The high Atlas Mountains are the most popular destination and the ski season usually lasts from December to March.

Where should you buy your property?

Medina
Best buys are close to the gates, called “babs,” as these are near to parking and Gueliz (new city). If you are renting out your property, then close to the famous Jmaa el Fna appeals.


The Palm Grove / Palmeraie
Suburban Marrakech is anywhere outside of Gueliz or Hivernage and the Medina. The best suburban neighbourhood is the Palm Grove, around 10 kilometres out of the city off the Route de Fes. The Palm Grove is where the rich and famous build their pads. Other popular spots include the Route de Ouarzazate, Route d’Amizmiz and the Route de l’Ourika south of the city.

Gueliz and Hivernage (New city).
Newest part of the city also called ‘Nouvelle ville.’


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