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The advent of tourism and trade in Morocco has fueled the economic growth of the region. Since the North African state opened its doors to the world, it has reaped a multitude of rewards that spelled growth and profit. Real estate in the region has reached a record breaking high ever since it began to be known as one of the most sought after tourist destinations in the world. Due to the infrastructural developments pushed by King Mohamed VI, more foreign businessmen and tourists are arriving into the region to engage in different activities. This is similar in entertainment, recreation, business, and pleasure. Real estate developers found themselves ramping up their drive to improve infrastructure and accommodate this steady growth in investment. Location dictates the nature of business in a particular Moroccan area; for instance, prime shoreline properties are being transformed into luxury resorts and hotels. Residential buying and selling is also on the rise as many foreign investors and tourists, move to the region to settle down or set up shops. The areas within the city limits are being developed for entertainment and Class A office spaces, most of which target middle to upper class entrepreneurs and companies. Condominiums, hotels, apartments, and simple bachelor pads are being constructed to accommodate the needs of every individual who decides to settle down. |