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 Morocco - News

 11% Rental Returns Claimed  06.07.2007 back
A new luxury development on Morocco's Mediterranean coast is claiming annual rental returns of 7-11%.

Fully furnished luxury Beachfront apartments, suites and penthouses, at a new development on Morocco’s Mediterranean coast will give you annual rental returns of between seven and 11% claims property specialists Saffron Villas.

The properties in the new five-star Le Jardin de Fleur Sahara Beach and Spa Resort are currently available off-plan at pre-launch prices from £81,000 for a studio to £250,689 for a two-bedroom penthouse.

It forms the latest phase of Mediterrania-Saidia, the €1.6 billion golf and marina resort taking shape along six kilometres of the 14 kilometre golden sandy beach at Saidia.

Saffron Villas is selling the properties on a nine-year renewable leaseback scheme whereby owners benefit from a share of the total rental achieved by the 204 apartments in the development. They also have private use of their apartment for up to 10 weeks each year.

The properties are located close to Mediterrania-Saidia’s marina and waterfront promenades.and will have a number of facilities within its tropical including three fresh and sea water lagoon-style swimming pools, a Moroccan-themed spa and thalassotherapy centre, a gymnasium and fitness centre, as well as three bars and three themed restaurants. Also planned are a conference and banqueting centre, and a children’s club.

Construction work is due to start later this year and the first apartments are expected to be ready for occupation around the end of 2009.

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