A true marvel of Moroccan architecture, the Riad is very popular with people looking for a second home, as well as with property investors. Located in the heart of the medinas, these traditional houses represent a good investment opportunity for residents and foreigners alike. With their authentic charm and potential for value enhancement, Riads are becoming increasingly popular for their ability to offer a haven of peace in the heart of the Ochre city. This article aims to clearly explain the reasons for buying a Riad in Marrakech in 2024.
Why buy a Riad in Morocco?
With its central patio surrounded by living rooms, the Riad combines traditional living with cultural charm and Moroccan craftsmanship. It offers a pleasant living environment, away from the hustle and bustle of the city. This type of property, located in the historic heart of the country’s cities, can suit a variety of property purchase projects. To buy a Riad in Marrakech, it is therefore essential for the buyer to define his or her plans precisely. A Riad in Marrakech may be suitable for :
- A primary or secondary residence: for a holiday in the sun, or for a change of lifestyle (a holiday for retired people, for example);
- For property investment: a Riad in Morocco has great potential for tourism. It can be converted into tourist accommodation (modern guest house, luxury hotel) or a restaurant.
The city of Marrakech was ranked 4th best destination in the world by Matin. ma in 2024. Riads are popular with foreign tourists, and are ideal for seasonal rental. They offer a unique experience and a chance to discover the distinctive features of Moroccan culture.
How do you invest in a Riad?
To invest, you can opt for a Riad for sale in Marrakech, to be renovated. These properties offer great potential. However, buyers will need to factor the cost of renovating and equipping the Riad into their budget. We have also put together a selection of Riads for sale in Marrakech that have already been renovated. Investing in a Riad in Morocco means complying with certain legal and tax rules. If you don’t live there, we strongly advise you to go through a specialist estate agency, which will select properties according to your preferences and handle the administrative formalities. On the Moroccan property market, the price of a Riad in Marrakech can range from €200,000 to over €800,000, depending on the type of riad. The sales process is the same as in France. The estate agent negotiates to reach an agreement, and the compromis de vente is signed at a notary’s office. Notary fees represent around 7% of the purchase price. For more information on this type of property, see our article on what is a Riad in Morocco.
What is the return on a Riad in Marrakech?
The profitability of an investment in a Riad in Marrakech depends on the district, the location and the surface area of the building. Pleasant views and proximity to the city’s landmarks and tourist attractions are also advantages for seasonal rentals. It’s worth noting that a property professional can advise you on making the right decisions, and our teams of professional specialists in the local market in Marrakech are on hand to help you by telephone or via the online contact form, and to support you throughout the development of your property project.
