The first initiative in Morocco of a major Spanish Group - Invest NOW!
This is the first initiative in Morocco, of this major Spanish Group consisting of the construction of 7000 homes. 150 villas, a shopping centre, a 4 star hotel, 30,000 m2 of gardens in Tamensa, a newly created city located some 12 km to the south of Rabat, very close to the future Casablanca - Tangiers - Fez ring road and 4 km from the coast.
The development consists of 1, 2 and 3 bedroom apartments with typical Moroccan architecture, in the surrounding area there will be the 4 star hotel, shopping centre , university campus, hospital, mosque, office blocks and a sports complex.
Completion: Up to 2009
There are 3 type`s of apartments:
Diamant
Jasmin
Palmiers
High Standard
Medium Standard
Economic
Diamant I
73,587 GBP - 79,541 GBP
Jasmin I
37,517 GBP - 44,839 GBP
Palmiers II
39,645 GBP
Diamant IV
64,436 GBP - 70,328 GBP
Jasmin II
37,019 GBP - 43,567 GBP
Diamant V
67,796 GBP
Jasmin III
57,998 GBP
Diamant VIII
40,270 GBP - 73,480 GBP
The "DIAMANT" buildings comprises of 60 homes with high standing of 2 and 3 bedrooms distributed over 4 floors. The finishing's and materials used are all of the highest quality ( ceramic tiles, granite, marble, aluminium, security locks ). The homes are fully equipped with air conditioning in the living room and in the master bedroom, dishwasher, washer/dryer,satellite antenna, etc. Each apartment includes a parking space, and the gardens are landscaped with children areas.
The "JASMIN" buildings comprises of 170 homes with 2 bedroom apartments built to the highest quality, landscaped gardens and children's areas, as above. In this 4 storey building, you will enjoy excellent qualities where no detail has been overlooked. The apartments come totally equipped with air conditioning, hob, granite worktops, satellite antenna, etc.
The "PALMIERS" III building is 3 storey, has 120 apartments with 2 bedrooms, 1 or 2 terraces and 2 bathrooms. The surrounding areas have the same facilities as DIAMANT and JASMIN buildings.
The Opportunity.
"Capital Growth" These properties were first released onto the open market in the middle of 2007. In the city of Temara, close to Tamesna, property prices have doubled in 24 months and we expect a similar gain with our development. These properties are very much for capital growth and as they are built for local requirements, rather than just holiday homes, the resale opportunities are greater.
"Rental" The apartments are considered as residential first homes so the potential for letting will be high. A rental agency is prepared to act for clients and is currently looking at guaranteed rental retus. Look at the facilities in " Benefits " below, that greatly assist your rental opportunities.
Payment Plan.
The total deposit required is 30%, with the balance of 70% payable upon completion. 10% deposit is payable at reservation ( non- refundable ) and a further 10% after 3 months, as long as the balance of 10% is payable prior to completion, this is acceptable. It is possible to fund the 70% with a Moroccan mortgage, and in fact it may be possible to get an improved loan to value. The result could mean that 80% of the total could be funded.
Mortgages.
The developer is currently negotiating with some major banks to provide mortgage facilities. We have already have a facility in place where mortgages will be provided on the basis up to 80% loan to value. At this stage the repayment period will be for a maximum period of 10 years. The indication is that mortgages will become more flexible for Moroccan properties in the near future.
Look at these benefits and facilities for more informationor select
Capital Growth
Rental Returns
Hospital
Communal Park
University
Hotel
Large Hammam
Public Oven ( steam room )
Budget Flights ( eg Easyjet )
Day Care Centres
Shops & Offices
Tamensa is a new city created between Rabat, Temara, Skhirat and Ain Aouda in Morocco. The aim is to relieve Rabat of it`s growing urbanisation. The new city will have access to the Casablanca - Rabat expressway as well as an improved planning opportunity for the infrastructure. The town itself is only 12km from Rabat and 90km from Casablanca, with the Atlantic ocean only 4km away.
