Find your ideal property in Marrakech
Real-dreamhouse: Your Real Estate Partner in Marrakech
Dive into the world of real estate in Marrakech with our exclusive quiz. If your ideal property in Marrakech is a pending dream, this quiz will be your first step towards its realization.
Have you visited or are you planning to visit Marrakech soon? Do you wish to expatriate or invest in real estate in the red city? The objective of this quiz is to help you determine what type of property is right for you.
Your dream of owning a luxury villa could be replaced by a Riad with the authentic charm of Morocco. The latter would better match your real desire to live abroad or invest. It depends on who you are and what you want. This awareness could be the beginning of a real estate adventure in Marrakech as enriching as it is unique.
Why choose Marrakech for your real estate adventure?
Marrakech, nicknamed the Pearl of the South, is a sought-after destination for real estate due to its sunny climate almost year-round. This emblematic city of Morocco is famous for its architectural beauty and picturesque landscapes. It is also popular among French retirees who wish to invest in real estate.
Marrakech attracts French entrepreneurs seeking new opportunities. The city is less than 3 hours flight from Paris.
Its entrepreneurial environment is dynamic. The city is a trading hub between Africa and Europe, ideal for startups and innovative companies. Furthermore, Marrakech benefits from incentive policies, particularly in taxation, making expatriation and business investment more attractive.
With the recent launch of our quiz, we invite you on a journey to the heart of Marrakech real estate. Discover homes that offer unique experiences with characteristics to consider before buying.
Your Tailored Real Estate Guide in Marrakech
You are about to take the first step towards discovering the type of property that suits you best for your future real estate purchase. The answers may surprise you or, on the contrary, they will comfort you in the idea you had of your future real estate purchase in Marrakech for your expatriation or investment.
To deepen your search, Real-dreamhouse, specialized in real estate sales in Marrakech invites you to discover why it is wise to choose Marrakech as a city for your expatriation or real estate investment and to explore a preview of our most beautiful properties for sale available in our online catalog.
But don't hesitate to contact us, we continuously add new properties for sale in Marrakech to our sales directory.
Finding an ideal home in Marrakech: What differs from Paris?
Finding real estate in Marrakech offers a radically different experience from that of Paris. The property search process in Marrakech is imbued with the cultural and architectural richness of the city.
Unlike the City of Light, where Haussmannian architecture and urban spaces define the market, Marrakech stands out for its diversity of properties, from traditional Riads in the Medina to modern villas in the Palmeraie.
At Real-dreamhouse, we understand that the transition from a metropolis like Paris to a historic and cultural city like Marrakech can be complex. This is why our expertise in local market knowledge is essential to navigate this unique market.
What criteria should be considered to find your ideal home in Marrakech?
Marrakech. Some will want to acquire a primary residence to spend their retirement in the sun, others will prefer to buy a secondary residence for their vacations. And finally, there are those who invest in real estate with the aim of deriving rental income from it. But what are the important criteria to consider before buying?
The renovated Riads of Marrakech: At what price and for which neighborhood?
At the heart of the Marrakech experience, Riads reveal themselves as jewels of architecture and culture. These traditional or revisited residences, exclusively nestled in the historic neighborhoods of the Medina (Kasbah; Mouassine; Riad Laarous; Jemaa El-fna, Bab Doukkala), offer a unique immersion into the soul of Morocco's ochre city.
Some need renovation and others are already ready to be invested in. Note that those already rehabilitated offer better profitability during resale or Airbnb rental.
But it would be preferable to know the history of the neighborhood and the Riad before acquiring it. A 6-bedroom Riad in the Medina generally costs more than 500,000 euros as a guesthouse. On Airbnb, you can find them between 250,000 and 400,000 euros.
To be qualified as a guesthouse, a Riad must have at least 5 bedrooms and 137m² of floor area.
The price of a guesthouse depends on several factors. It varies according to the Medina neighborhood, floor area, number of bedrooms and generated revenue.
Take our quiz to find out if an authentic Riad suits your expatriation desires or your real estate investment project. You might discover if it's the right choice for you.
The Villas of Marrakech: Reflections of luxury and neighborhood diversity
Each neighborhood tells a story, and our villas are its jewels. They embody the diversity and refinement of Marrakech. Our quiz helps you find the place that suits you best in Marrakech. You can choose between Palmeraie, Bab Atlas, Route d'Ourika or Route de Fès.
It's not surprising to note that villa prices vary depending on the neighborhood in which they are located.
Nevertheless, if you're considering buying in Palmeraie (about 20 minutes by car from tourist attractions), know that rental investment will be much less profitable than a Riad, as charges are higher there.
But also know that those who would like to buy in a non-urban zone or non-residential area, it is imperative that the villa be built on land with VNA for Europeans.
You will find in-depth advice for investing or renting a luxury villa in Marrakech in our specialized article.
Real-dreamhouse can help you find the perfect house that corresponds to what you're looking for for a good investment.
Apartments of Urban Elegance: What prices per M²?
In the quest for your ideal property in Marrakech, modern apartments represent urban elegance in the heart of the city.
Does your profile align with a dynamic and modern lifestyle? An apartment in the Gueliz district could be the perfect living space you're looking for. Base prices per M² in Gueliz vary in new developments between 18,000 MAD (about 1,651€) to 35,000 MAD (3,210€).
Those who particularly appreciate nightlife and refinement, opt for the prestigious Hivernage district. Where the most sumptuous grand hotels have established themselves like the Palace de la Mamounia. There you'll find very high-end residences and nighttime establishments like l'Epicurien and its casino. However, prices per M² are significantly higher than those in Gueliz.
Perfect for urban life enthusiasts, these accommodations feature cutting-edge amenities such as parking, pool, rooftop and panoramic views. These properties have easy access to cultural centers like Atlas Golf Marrakech and commercial centers like Carré Eden.
With flourishing tourism, buying an apartment in Marrakech represents a potentially profitable investment. Whether for short-term rental to tourists or for long-term capital appreciation.
Urban or agricultural land?
Are you considering buying land to build your dream house?
It is essential to consider its location. In Morocco, and particularly for European buyers, it is recommended to choose land in urban and non-residential zones.
The acquisition of land in agricultural zones is restricted. A special authorization called 'non-agricultural vocation' (VNA), which has become very difficult to obtain in recent years, is necessary.
For a real estate purchase in Marrakech as a secondary residence, it is recommended to favor "titled" land or property. That is, with clearly established land registration.
What are the fees and taxes to pay for foreigners?
Primary residence:
When buying a primary residence in Marrakech as a foreigner, the fees include:
3% agency commission
6.5% notary fees.
These break down as:
4% for land registry
1.5% notary fees
1% registration fees
If you opt for credit financing, you must add 1.5% credit insurance, bringing the total notary fees to 8%. You must also consider property management fees. For an apartment, these vary between 150 and 600 MAD per month. For a house in a residence, this ranges between 1,000 and 2,500 MAD per month.
Secondary residence:
For a foreigner acquiring a secondary residence, the initial fees are identical to those of the primary residence. However, the real estate capital gains tax (TPI) upon resale varies between 3% and 20%, depending on the capital gain realized.
TPI is due even after six years of ownership. Unlike the primary residence where TPI is not applicable if the property is resold after six years.
Example of a concrete case
Let's take the example of an apartment bought at 1,700,000 MAD:
If this apartment, used as a secondary residence, is resold the next day at the same price, a TPI of 3% would be due.
In the case where the property is resold after six years, the applicable TPI would be 20% on the capital gain.
For property tax, this depends on the value of the property and the price per square meter in the neighborhood.
Ready to make your investment in Marrakech?
At Real-dreamhouse, we are dedicated to transforming your dream of buying real estate in Marrakech into reality.
Through personalized follow-up, we guide you at every step of your expatriation or investment project.
Contact us now for a free and personalized consultation and discover how we can make your real estate vision concrete. By choosing Real-dreamhouse, you have the assurance of a harmonious transition in your search for the ideal home.
