Mediterrania-Saidia-Morocco

Type: Apartment
Company: Property-Venture
Price: £ 61,028.00 Exchange rate used at date of posting

As part of Vision 2010 the Moroccan government has announced the ambitious Plan Azur six coastal resorts.  Each resort is based on a winning mix of hotels, apartments and villas with tourist activities such as golf and spa, hotels, tourism residences and real estate.

The property projects within Mediterrania-Saidia have been a phenomenal success with many selling out in record time. Apartments (1,2 and 3 beds)  for phased completion 2008, with whole resort completed 2010.

Mediterrania-Saidia is the only Plan Azur resort on the Mediterranean coastline. Launched in mid 2005 the construction of this €1.6 billion, 7,000,000 sqm real estate project is earmarked for completion in 2009. It has excellent communication links locally and internationally, there are international airports at Oujda, Nador and Melilla, complemented by the improved road network and construction of the Marina.

Located next to the Mediterranean sea there are endless white sand beaches and naturally protected areas designed to satisfy both residential and tourist needs, those seeking sun and beaches, or those who prefer golf and nautical sports

With more than 3,000 homes for sale there is the opportunity to acquire a stylish townhouse or an upmarket apartment in this incomparable location.

The townhouses and apartments are of different sizes and have been constructed with care over every detail, intelligent layouts that allow comfort and functionality for living. To make the most of the warmth of the Mediterranean climate, the green spaces are surrounded by terraces and solariums.

There are 22 plots for up-market and mid-market holiday hotels and villas with a capacity of 10,378 hotel beds.

The 840 berth marina [largest in the Mediterranean] will encompass 29 hectares and offer every kind of additional service: customs, harbour master's office, control tower, tourist information centre, repair shops, etc. It is a must for golf lovers with three 18-hole golf courses, as a central feature covering a total area of 210 hectares and an excellent range of golfing facilities. Business and shopping areas [40 hectares], on an open esplanade at the marina, will have restaurants, a shopping centre, spa, green spaces, medical centre, etc.

The Plan Azur coastal resorts will soon be a benchmark for tourism in the Mediterranean, a place where cultures meet, for leisure and recreation activities.

STARTING PRICES:

APARTMENTS
1 BED: €68,562 + 14% VAT.
2 BEDS: €90,500 + 14% VAT – €119,000 + 14% VAT.
3 BEDS: €170,000 + 14% VAT.

COMPLETION DATES:
AP6 APARTMENTS: Undergoing snagging Spring '08
AP4 APARTMENTS: Completed
AP2 APARTMENTS: July 2008
AP5 APARTMENTS: November 2008.
 

TAX ADVANTAGES:
REDUCED TARIFF FOR INHERITANCE TAX.
REDUCED MUNICIPAL TAX.
FULL CAPITAL REPATRIATION.

Completion for the whole of the development is scheduled for the end of 2010.

After sales services, such as maintenance available on request.

     

Local Price: €78573 exc 14% VAT Original currency - used to convert to £
Property Build: New Build
Country: Morocco
Moroccan town of: Saidia
Inland-Coastal: Coastal
Livingrooms: 1
Bathrooms: 1
Bedrooms: 1
Home Features:

• Modern Style
• Pool

Community Features:

• Shops
• Restaurants
• Shopping Centre
• Medical Facilities
• Golf Course
• Spa Resort

Reference Number: 40002
Property Category: Residential
Investment Category:

• Investment
• Holiday Home