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Exciting Investment Opportunity on the Atlantic Coast in Morocco.
UPDATE: New detailed plans now available below!
Completion Date: Late 2008
Payment Terms:
Reservation Deposit: € 1000
Exchange of Contracts: 20%
Construction Start: 20% (December 2006)
Completion: 60% (late 2008)
Essential Morocco offers these properties direct from the Developer with absolutely no agency fees or mark-ups.
Les Palmiers de Casablanca is a luxury holiday resort just south of Casablanca fronting the Atlantic Ocean. Due for completion in 2008, this quality development provides an excellent possibility of capital returns as well as excellent buy-to-let potential.
Les Palmiers de Casablanca will have approx. 550 properties and a choice of 2 bedroom apartments of 85 m2 + terraces: ground, first or second floor, which start at € 65,000.00 or penthouses of 140 m2 + terraces starting at € 125,000.00. These apartments come fully furnished, with air-conditioning and lifts.
Residents of Les Palmiers de Casablanca will also benefit from beach club facilities, approximately 10 communal swimming pools as well as an apart-hotel with sport club and spa and beach bars & restaurants. This development will have 24-hour security / concierge and will be a gated community.
The area near the development features rolling hills and sand dunes. Several small market towns are within a 15 minute drive. The beaches are absolutely stunning and largely untouched. The local people are welcoming and very friendly. The development site is situated within a new 12 kilometer touristic zone. We anticipate that other plots in the vicinity will also be developed which should push property values up in the near to mid-term.
Casablanca, with a population of over 3 million, is within a 35-minute drive of this new beachside development.
The popular resort town of El Jadida, an old Portugese fortress city with historic squares & ramparts and shops and restaurants is only 20 minutes away from Les Palmiers de Casablanca. The upcoming Plan Azur Resort, Mazagan, is also near El Jadida. The Mazagan resort will have two new 18-hole golf courses as well as a world class Casino.
Property Reservation System
We are now accepting €1000 Option Deposits on behalf of the Developer which are fully refundable if you choose not to proceed. The option deposit confirms your intent to purchase and secures a property for you within the resort.
Property Selection
You then will have the opportunity to confirm your purchase within your selected Sector within the development and your deposit will then be placed against the full price of the property.
Property Pricing Structure:
Two-bedroom apartments (85sqm + terrace)
Sector 1: from € 65,000 incl. VAT
Sector 2: from € 75,000 incl. VAT
Sector 3: from € 85,000 incl. VAT
Beach Sector: not yet released
Penthouse Apartments (140sqm + terrace)
Sector 1: from € 125,000 incl. VAT
Sector 2: from € 135,000 incl. VAT
Sector 3: from € 145,000 incl. VAT
Beach Sector: not yet released
All properties will include a furniture package and air-conditioning.
Payment Terms:
Option Deposit: €1000 (fully refundable)
Private Contract: 20%
Construction Start: 20% (November 2006)
Completion: 60%
Please don't hesitate to call us today for more information on this exciting opportunity.
More about the town of El Jadida:
The Portuguese fortification of Mazagan, now part of the city of El Jadida, approx 90-km southwest of Casablanca, was built as a fortified colony on the Atlantic coast in the early 16th century. It was taken over by the Moroccans in 1769. The fortification with its bastions and ramparts is an early example of Renaissance military design and is now a protected UNESCO site.
The surviving Portuguese buildings include the cistern and the Church of the Assumption, built in the Manueline style of late Gothic architecture.
The Portuguese City of Mazagan -one of the early settlements of the Portuguese explorers in West Africa on the route to India - is an outstanding example of the interchange of influences between European and Moroccan cultures, well reflected in architecture, technology, and town planning.
During the summer months, city-dwellers from Casablanca and Marrakech flock to its 16km stretch of sandy beach that is, for many people, the focal point of El Jadida. Lined by an elegant promenade, and dotted with lively cafes, the beach lunges far into the distance, ever becoming less populated until one meets the dunes and a forested nature reserve.
About 15 miles south of the city there is a string of lagoons with wetlands where you can see dozens of varieties of migrating birds.
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