Why invest in Marrakech?
‘Marrakech is to Morocco what Dubai is to the UAE’
One of the most exciting factors about this new investment hotspot is the comparables with Dubai 4 years ago.
Dubai is experiencing a phenomenal property boom after enormous amounts of foreign investment and a push to create an economy founded on tourism. Dubai’s ruler, His Highness Sheikh Mohammed bin Rashid Al Maktoum has a strong partnership with King Mohammed VI of Morocco and both share a vision for the prosperity of their nations.
The similarities between the two leaders and their dedication to driving their nations’ economy forward has sparked ideas that Marrakech could be to Morocco what Dubai is to the UAE.
Marrakech investment facts;
- Significant price growth in the past 3-4 years, but prices are still relatively cheap in comparison to its Mediterranean counterparts.
- Fashionable holiday home location, attracting some famous jet set names; Richard Branson, Sienna Miller, Mick Jagger, Yves Saint Lauren.
- The most popular tourist destination in Morocco.
- Development of golf tourism will result in 5 courses by 2009.
- Comparisons with Dubai 5 years ago see Plan Azur.
- Year round climate, with 320 days of sun a year.
- UK tourists increased by 35% in 2006.
- 3.5 hours flight time, the nearest exotic destination to Europe.
- Already serviced by a number of low cost airlines flying direct to the city.
- Large government investment in airport expansion, road infrastructure and a new train station being built, with high speed train links.
- Construction of a 20,000 square meter terminal, which will increase capacity by 1.5 million passengers a year.
- Sophisticated holiday destination, offering a range of sporting and leisure attractions
- Strong rental market
