Marrakesh

[Sunnyshores]

MP
If you do an internet search (Maroc Asur residence or Gardens de Fedela) there are several agents with vague details of one of the developments.
I asked Mark, as he sent me an email with brief details of both developments on and I have dealt with him before. Apparently full details are hard to come by.
Let me know any progress.
SS

[Sunnyshores]

Update :

There are several off-plan Gardens of Fedela (Jardins de Fedela) in Marrakesh.

1. There are villas in NW E180kish - for sale by Bluefish & IQ property invest
2. Appartments near Samanah Country club (SW) E100kish - Bluefish
3. Something else near Samanah country Club - details and prices unknown. Possibly a later phase of 2 above.

All have the great incentives from the developer. I think location and the quality of build/finish are key here :

has anyone seen a G of F in the flesh?

Does anyone know any more about the individual locations?

There is a fedela website at Les-jardins-de-fedala but it doesnt have much info.

SS

[manor park]

SS

Had a look at the info for these and it does look good, the incentives and guarantees look as sound as they can be. I do not know the area so cant comment on the location. I think that I would be more interested in the apartments and will check these when Mark releases the information.

MP

[BlueFish Propertyservices]

Some people will find this new Marrakech resort interesting.

http://www.propertycommunity.com/forum/moroc...html#post13695

[Sunnyshores]

I've just found Dreamworld's El Oasis de Marrakesh (mentioned in an earlier posting). Dreamworld - Signature Developments
There are 1014 units - 2 beds appts £130k, 3 bed duplex £255k. This seems pretty expensive to me. But a good payment package. I also recall the Dreamworld's Tinjah project nr Tangiers being much critisised mainly due to the developer.
Any thoughts ?

I note its in NW, although closer to the centre than the Gardens of Fedela villas I'm looking at, does anyone know the area ? Whats it like/going to be like ?

SS

[manor park]

SS

I asked the same question on page one of this thread with no reponse. I thought the 3 beds expensive but your extras are built into the price. I will hang on and see what the GoF apartments are like.

MP

[Sunnyshores]

MP - I'm not interested in buying here (I'm still looking at the GofF villas), but really want to know about the area. Or perhaps that doesnt matter. Whatever it looks like now, it'll be a totally different story in 2009 when they're complete. I suppsoe I just need to get out there myself. Easier said than done with schoolage children!
SS

[prolan]

Investing in Marrakech or Not?

I see some comments saying Marrakech is already too expensive and that is not a good investment at this stage and directing people to higher growth areas in Northern morocco.

I must admit yes, Marrakech is much more of a mature market than other cities in morocco, but that doesn't mean it is not an interesting place to invest.

Bear in mind that Marrakech was, is and will remain the main tourism magnet of Morocco. The tourists are already coming in hordes and if you have traveled there you must know that it is not easy to find hotel / accomodation. Occupancy rates for hotels are the highest in marrakech and agadir.

Moreover with prices still approx 30 % to 40 % cheaper than other places in European cities, stringent building regulations in terms of building density (for out of town developments) there is still much potential for capital growth.

I would say that Marrakech will earn you less in the short term but is definately a less speculative investment as there is real demand for all these properties being built (unlike some other places).

Kind regards,
Prolan

[Beluga]

I agree with you , Marrakech is an etablished market and with culturel and luxe tourisme, it's more safe to invest in Marrakech than in the new developments in the northcoast because there you invest in something new and not etablished. Also the climet in Marrakech is very different from the coast it's dry. In Marrakech you have with all the foreign residents live all the year and not only in the summer ....you have international activities , you have megaprojects , you have the tourist to rent you villa etc

[jdmat1]

IQ Property Investments now have a new Gardens of Fedala release in Marrakech with a 9 year rental guarantee of 7% net - see Specialists in the sale of discounted off-plan worldwide properties for investment purposes » IQ Property Investments Limited » Welcome