Marrakech is still a favorite destination for Europeans and the French, thanks to its international airport with links to most European capitals and just a three-hour flight from Paris.
The city offers guaranteed sunshine, an excellent quality of life, a wide range of upmarket villas on plots spanning more than 2.5 acres, and some 12 golf clubs, while many prestigious hotel resorts such as the Mamounia, the Royal Mansour, and the Four Seasons add to its appeal. Buyers will also find local artisans, artists, and designers to decorate their properties.
The most sought-after neighborhoods
The golf resorts, Palmeraie and the south of Marrakech no more than 10 miles away, as well as the town center of Guéliz and the Hivernage area for apartments. The riads in the Medina, especially those near the Jemaa el-Fnaa Square, are particularly in demand.
The most desirable properties
Modern villas with a Moroccan touch, for budgets of around one million euros. Apartments in premium residences with a terrace and a pool are also desirable.
Client expectations
There major demand for exceptional property ranging from 6 million to 30 million euros, particularly in the Palmeraie district. This real estate is located on at least 5 acres of land, offering between 21,527 sq ft and 53,820 sq ft of living space constructed using prestigious materials and fined with high end precision.
Clientele
Some 70% of clients are Francophone, while 10% are from the rest of Europe, 10% are from the Middle East, and 10% are local.
Opportunities and perspectives
The city and its infrastructures have been developing for around 15 years. A new airport terminal was recently built, along with six new golf clubs over the last five years. There is also a future project to develop the existing ski resort, and another to create a selection of villas at the Polo Club in collaboration with the Ritz Carlton.
What will 1 million euros buy?
A 6 459 sq ft beautiful villa on a 2.5-acre parcel less than 10 miles from Marrakech.
Source: Barnes Global Property Handbook
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