Buying Property in Morocco - A New Lifestyle

Development Description

A Resort within a Resort:

Within the Azur Programme which is backed by the Moroccan government and multi-billion dollar investment, the massively impressive Mediterranean Saida Resort is being created. A project of multiple developments within 7 million square meters and with 6 kms of unspoiled coastline.

The development is going to be a meeting point of cultures of the exotic Mediterranean and latest-generation holiday resort. Access to this resort shall be easy with Ryanair among others, looking to commence regular services into Oujda International Airport (30 minutes away) when the complex nears completion.


Le Jardin de Fleur - Introducing The Phase One Apartments

It is commonly recognised that Le Jardin de Fleur apartments are the most spacious and luxurious apartment units across the whole of the Mediterrania Saidia 'Kings' resort, and perhaps even throughout the entire Moroccan market at the present time. Not only are these units across phases 1 & 2 fantastic in quality, but they also represent amazing value for money when you consider what is included in the purchase price. Although on a unit by unit comparison, cheaper product can indeed be found in Morocco, it is the belief of Fair Deal Morocco that by investing a little more in a quality product in a safe investment environment such as this, those purchasing units can expect far greater returns.

Located directly behind what shall be the focal point of the entire Mediterrania Saidia project, the magnificent Marina and Commercial centre, phase one apartments could not be in a more convenient position. This first phase of units consists of 24 blocks of 10 apartments, containing in most cases 4 ground floor units, 4 first floor units, and 2 Penthouses, all of various sizes and bedroom numbers. All the properties will be built according to European standards and come complete with a 10 year construction guarantee. Each unit will come fully furnished in the buyers choice of 3 designs; Classic Moroccan, Andalucian or Contemporary, and a selection of decor styles shall also be available for selection. Kitchens and Bathrooms shall have designer finishes, with all kitchen appliances being Whirlpool with units and work surfaces being of the highest quality, and certainly not your average 'white goods' off-plan finish offering! There shall also be air conditioning throughout every single property.
 
The provision of space has been of the highest priority in the complex design and also in the make-up of each individual unit, which will spare owners and renters alike any feeling of claustrophobia! No single unit on phase one has a living area smaller than 113 square meters, which is considerable when compared with an industry standard for a 2 bed unit of just 75 square meters!

All units have front and rear views, with all having a view directly over one if not two, of the internal pool complex's. Also contained within the apartment project is Le Jardin de Fleur's clubhouse, containing concierge services, bar, restaurant and various activities. Everything you need shall be on your doorstep, as the commercial centre, marina and beach shall be within 10 minutes walk of your property. With all of these facilities being so easily accessible, apartments on Jardin de Fleur Phase One are perfectly positioned for investors potential rental markets.
 
The Ground Floor Units
Ground Floor Apartments all comprise of 2 Bedrooms, 2 Bathrooms, fully equipped kitchen and direct access to a private terrace area which leads onto a delightfully landscaped subtropical garden, containing two communal swimming pools. The apartments are fully furnished including garden/terrace furniture and have air conditioning and private parking. Full membership to the clubhouse and all its benefits is standard.
 
Even the cheapest of the ground floor units are generous in size to say the least, with living areas start from a 113m2, with the total built areas including terrace, garden and laundry from 138.44m2. Prices start for Ground Floor units from €166,860 plus 6.5% costs*
 
The First Floor Units
The well designed first floor apartments with lift access, comprise of 2 bedrooms and 2 bathrooms, fully fitted kitchens as standard, and a large but delightful terrace with views over the communal gardens. All features are included such as a choice of 3 different furnishing designs, clubhouse membership, parking and air-con throughout.
 
As with the Ground Floor units, sizes for First Floor apartments start from a 113.44m2 living area and 138.44m2 in total including all terraces and laundry areas. Prices start from just €156,336 plus 6.5% costs*
 
The Penthouses
Comprising of 3 or 2 bedrooms, all with en-suite bathrooms, the penthouses have a beautiful roof terrace, overlooking garden and pool areas and also in some cases the Mediterranean and marina area. You shall also have the option of a Jacuzzi, roof garden and/or built-in barbecue! The Penthouses are fully furnished and are equipped with air conditioning and a fully fitted kitchen with all modern appliances. Full membership to the Jardin le Fleur clubhouse is inclusive as standard.
 
Again, the living area for Penthouse Apartments start from 113.44m2, but with a massive total built area including roof terrace starting at 250.93m2! Prices start from €228,599 plus 6.5% costs*

* Please note that prices marked in €'s are subject to exchange rates.

Location Details

The Jardin de Fleur development is situated within the much larger Mediterranea Saidia resort, part of King Mohammed´s "Plan Azur" Program.  Mediterranea Saidia (resort) is around 7,000,000m2 in total and the apartments on this phase one part of development are located just behind the huge 850 berth Marina.

Saidia itself is located on the North Moroccan coast, East of Tangier and Melilla and west of the Algerian border. If you were to draw a line directly from Saidia to Spain you would be on the Almeria coast. The "as the crow flies distance" between these two locations is around 180km.

You can reach Saidia by air using either Oujda (favoured), Nador or Melilla airports. Its also possible to take a ferry from Malaga or Almeria on the Spanish mainland coast.

Interactive Location Map

Local climate

The climate in Mediterrania Saidia is virtually identical to that of Southern Spain.  This consists of long dry summers with regular beach days from april through to late September and mild winters requiring a light jumper from October through till March.

Rainfall occurs mostly from November through till March and although most is light there are some heavy showers during this period.

Why Invest in this Location?

The Country

• A stable Monarchy
• Vision 2010 (Kings plan Azur) ensures huge investment in Morocco and its infrastructure with the aim of increasing tourism massively by 2010.
• Increasing liberalisation
• A special trading status with the EU and US
• Consistent economic growth
• Strong tourist market
• All year round tourist season
• Stable and emerging property market
• Low cost flights and increasing coverage of destinations from many low cost airlines
• Relatively cheap Coastal properties
• No restrictions on foreign ownership
• Very strong and growing Golf tourism
• Low property purchase costs
• Low transaction costs
• Beautiful sandy beaches
• Mediterranean climate - Hot summers and mild winters.
• French, Spanish & English widely spoken as well as traditional Arabic.
• Costa del Sol is just 30 minutes away by hydrofoil from Tangiers.
• Property prices 50% less than other European resorts.
• Low cost of living.
• Booming property market.
• Between 0% and 20% tax on any capital gains.
• 0% inheritance tax to family.
• No annual property tax for first 5 years.
• Huge project (Vision 2010) to improve the infrastructure and increase tourism by 10 million visitors per year, including new roads, marinas, trains, 5 star resorts, shopping malls, beach clubs. Huge requirement for rental accommodation.
Capital growth around 15% - 30%
• Open Skies policy activated on 1st Jan 2006 will allow low cost airlines to service Morocco and create competition lowering fares.
• Safe investment – Notary supervised property registration similar to systems in France and Spain.

The Region

Mediterrania is the flagship of the "Plan Azur", the only 1 of the 6 King´s resorts to be created on the Mediterranean coast. Once completed it is generally accepted that the 6 Kings resorts will succeed in generating the several million additional tourists it has set its sights on. 

Saidia is geographically located close to Spain´s South coast and allows early investors to benefit from Spain's huge existing infrastructure when reaching the resort.  The location of Saidia itself also offers some stunning beaches and access to the already popular Mediterranean sea.

Saidia offers every facility you can imagine which is a huge benefit of purchasing within one of the King´s projects:

* Low cost airlines looking to expand routes to nearby airport(s)
* Stunning Golf Courses, Tennis Clubs, Riding Clubs, Water skiing, Sailing, Scuba diving, Hunting, Hiking, Camel treks, Culture.
* Mediterranean climate - Hot summers and mild winters.
* Sight seeing - Costa del Sol is just 30 minutes away by hydrofoil from Tangiers.
* Accessible (Tangiers) via helicopter, ferry, regular flights.
* Yacht club & berth fees for under £27/month
* Within just a few hours of Europe's major cities.
* A promenade with 17 Beach Clubs.
* 3 challenging 18 hole golf courses.
* Marina with over 800 mooring points
* Diving and sailing centre
* A yacht club
* Multiple Restaurants & Bars surrounding the harbour
* European Shopping centre
* A Moroccan Medina
* Medical Centre
* First Class sporting facilities, such as an Equestrian Centre, Football Ground, Olympic Swimming Pool, Tennis Courts, etc.
* An Aquatic Park.
* A Spa
* Amusement Park
* Eleven 4 & 5 Star Hotels with multiple facilities (Including a Hilton Hotel)
* Exhibition Centre

* Click an image to preview. General Images