The Marrakech Property Market in Brief

Marrakech offers something very different for theTHE MAGICAL 'DJEMMA EL FNA':
more adventurous traveller and overseas propertyMarrakech is truly the city of entertainment in
buyer. One of the most beautiful, fashionable, exoticMorocco. In the centre of the city is the main square,
and sophisticated locations in northern Africa, it isDjemaa el Fna, which is the operating point for a
very well established as a premier destination andmyriad of entertainers such as acrobats, drummers,
competes alongside Rome, Paris, Prague, Barcelonadancers, pipe musicians, comedians and storytellers.
and Lisbon among others in the lucrative city breakThere's plenty of choice for meals, including the
tourism market.vibrant spectacle of the Djemaa el Fna food stalls,
With a short travel time (only 3 hours from London)many inexpensive cafes and a number of upmarket
and direct flights from most major European cities, itrestaurants, which offer Morocco's traditional cuisine
is easy to see why Marrakech presents such aat its very best.
fantastic opportunity for lifestyle property investors.THE MEDINA:
European visitors are only a short flight away fromThe old walled city, traditional & full of life where
experiencing a completely different culture and trueyou will find the magical square - Djemaa el Fna. The
year round sunshine (333 days per year) - this makesnorthern Medina is home to Marrakech's souks and
it very hard to resist.most of the artisans' workshops, plus some notable
In a nutshell, it is a low risk, long term investmentIslamic monuments. The southern Medina is less
with excellent appreciation prospects, a thriving rentalcrowded and features the city's royal palaces, the
market and many wonderful lifestyle benefits - isn'tlavish Saadian Tombs and museums.
this what we're all looking for from a second home?LA PALMERAIE:
Whether you are looking for a beautiful villa in aLocated to the east of the old city is the Palmeraie,
luxurious area, a traditional Moroccan riad deep in thea 1,000 year old oasis around which Marrakech was
ancient Medina, an apartment in a fashionable suburb,originally built. It is an area of approximately 10,000
or a magnificent country home overlookingacres and is home to some of the most luxurious
snow-capped mountains, Marrakech will deliver.properties in the whole of Morocco. Many global
EXCELLENT HOLIDAY RENTAL MARKET:celebrities have mansions in this area along side
Morocco has a solid tourism base and with theimportant Moroccan families. La Palmeraie Golf Club is
number of tourists set to grow faster than thelocated here and was designed by Robert Trent
amount of available accommodation rental figures areJones Snr.
expected to increase, meaning higher occupancyVILLE NOUVELLE:
levels for investors and potential growth in rentalOutside the old medina is Ville Nouvelle which was
prices as demand increases.developed during French colonial years and is made
Occupancy rates in Marrakech as reported from theup of Gueliz and Hivernage. Hivernage is the old
many 5 star hotels are the highest in all MoroccoFrench residential district, now the area for palatial
(60-90% per annum), there is no low season andhomes, embassies, luxury apartments and hotels.
25% of the Moroccan tourist boards money is spentGueliz is the shopping and commercial hub of
maintaining the city's image as a the number 1Marrakech and is where you will find a vast number
Moroccan destination.of fine restaurants and cafes in the French style but
30% of all international tourists visiting Morocco go towith the flavour of Africa.
Marrakech and according to the Official Airline GuideLUXURY VILLAS AND STYLISH APARTMENTS
(OAG) there are now over 100 direct flights everyIf you are looking for a low risk investment with
week from London alone during high season.excellent capital appreciation prospects then look no
The King's 'Vision 2010' plan to increase the numberfurther than an apartment or villa in Marrakech. The
of foreign visitors to 10 million by 2010 and 20 millionmarket is already well-established and long terms lets
by 2020 will have benefits for the entire country, notprovide very attractive returns. Architecture reflects
just the new coastal resorts. The huge volume oftraditional Moroccan styles while at the same time
visitors will create rental demand across the wholeoften combining all the comforts of modern living.
country, now is the time to invest in city ofThe high Atlas mountain range, extending in a broken
Marrakech.chain for over 1,000 miles create a backdrop of
BEAUTIFUL AND EXOTIC:inspiring beauty and also offer reliably good skiing
Marrakech is a city of diverse culture set at the footconditions.
of the spectacular Atlas Mountains. Within roseRIADS
coloured walls, the city is a labyrinth of alleyways,A riad is an urban house typically situated in the
bustling streets, open squares, shops, restaurants,Marrakech medina (old city). Traditional Moroccan
museums, mosques and markets. It was once thearchitecture and furnishings, combined with beautiful
capital of Morocco and is often referred to as theprivate courtyards and terraces offer the unique
'Pink City' because of the colour of the local earthcombination of urban living and a peaceful, engaging
used in its construction. Amongst Marrakech's manyenvironment away from the hustle and bustle of the
attractions include several world-class golf courses,city. For those seeking an authentic Moroccan style
Atlantic beaches just over two hours away in oneof accommodation, riads offer a haven of tranquility
direction and the skiing resorts of the High Atlasand an insight into tradition, culture and craftsmanship.
Mountains less than one hour's drive in another.