Marrakesh

[Sunnyshores]

In reply to Manor Park (Qatari Diar thread)

Marrakesh - I havent been but have researched and brought off-plan.

I attach a link (if I'm allowed) I'm not suggesting you buy through this company and anyway their developments are sold out, but their research is good, see Olive Grove and Atlas pdf brochures for good background info on Marrakesh.
Ready2invest - Recent off plan and investment deals / opportunites

I was also told yesterday that current prices are E1800 - E3000 per sq metre.

Do let me know what you find, I'm still interested in this market, just havent had the time to pursue it lately.

[investor27]

Hi, my opinion, I think there are already too many development in Marrakesh & prices are already high so they wont appreciate as much as developments in the nothern region of Morocco, yes the developments mentioned above sound good but I dont believe they are in the best location / have the facilities other resorts will have, ie Saidia / Al Houara / Tinja...

The advantage Marrakesh has got over the nothern region at this moment in time is the low cost carriers are flying into the airport there, so in essance a return flight would proc cost you £50, compared to the £250 it costs to fly into Tangier, but this will hopefully change soon.

(The above is soley my own opinion)

[Sunnyshores]

I'm certainly not saying the developments above are good, I was just saying that the information provided in the brochures was good background economic information on Marrakesh.

I agree prices will probably go up more in North Morocco (and I will invest there too) but I think you have to be careful to be in the right development and it presents a risk in that it is an unproven market. You think Marrakesh is highly priced - it has grown to these prices over 10 years. North Morocco has much the same prices at its entry level.

Again, just my opinion!

[investor27]

Prices are not that high on all developments in northern Morocco, i find the higher prices are on the more exclusive resorts, such as Saidia, Al Houra & possibly Tinja, your paying for 5 star & all facilities on site... there are resorts in northern Morocco where you still can get a 2 bed for aprox 65-70k..

[Sunnyshores]

I27, I do take your point and as I said I will buy there (hopefully Tinjah) I think MP already has somewhere there too.

But diversification is a good idea and I do think the Marrakesh market is a good one. So has anyone else brought or looking in Marrakesh?

[manor park]

Sunnyshores

Thanks for the info, The reason I mention Marrakesh is, although it is not as cheap it is an established holiday destination. The cheap flights have made it even more popular. We are all hopeful for the North and that it takes off in a big way, but although we have/are about to buy there, there is still an element of risk.

I am not sure I want to put "all my eggs" in the Northern basket so to speak and will look at what else is available.

[Sunnyshores]

MP
Totally agree. Keep me posted on what you find, I'll do likewise.

[manor park]

SS

I have had a look at the link (never had time before my previous reply) they look good, if not sold out I would have sought further details on Olive Grove. I have registered for further info, but if I see anything else of interest in the meantime I will let you know.

[manor park]

has anyone bought or visited Dreamworld's El Oasis development in Marrakesh? Not seen any post's on this anywhere!

So if you have bought or visited I would be interested to hear your thoughts.

[abdul]

Originally Posted by manor park

has anyone bought or visited Dreamworld's El Oasis development in Marrakesh? Not seen any post's on this anywhere!

So if you have bought or visited I would be interested to hear your thoughts.

i was there on feb07,the show room was up ,and running and it looks very
promising. I bought a 2 bed appartment in Charkia.just received the contract
signed and post it back to legal ALLIANCES.
regards