REAL ESTATE DEVELOPMENT OPPORTUNITY MARRAKECH
The project is located in, Gueliz, close to the Medina and football stadium. This area is currently seeing major high end redevelopment, which will have a positive effect on the final price per m2.

PROJECT TYPE
7 floors (ground floor commercial + 5 floors residential + underground parking)

PLOT SIZE:
898m2

LAND COST:
19,756,000Dhs (€1,717,874)

BUILD COST:
24,790,188Dhs (€2,155,200)

ESTIMATED PURCHASE COSTS (15%):
6,681,928Dhs (€580,961)
These include notary, architects, licenses, taxes, agent fees etc.

TOTAL PROJECT COST:
51,228,116Dhs (€4,454,035)

PROPERTY OUTLOOK FOR THE NEXT 5 YEARS
15% - 30% growth per annum

(All figures stated above are estimates)
** Purchase and sales prices subject to 20% TVA (VAT)
*** Euro figures are approximate and will vary depending on exchange rates.

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