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Morocco Property
Location: Asilah Tangiers
Area: Atlantic Coast
Price From: 75,000 €
Up to: 260,000 €
Price From:49440 Pounds(GBP)*
Up to: 171391 Pounds(GBP)*
*Rate = 1.517 Euros to the Pound.
Last updated: 16/01/2007 17:00:01 - data supplied by HIFX.
An 18 hole golf course will be incorparated in the development
The apartments & villas will be constructed on gently sloping land - thus giving most properties at
PARADISE BEACH & GOLF RESORT views to the sea.
The site is in an area of great natural beauty and borders the Foret Diplomatique. A stroll around
the Golf Course accesses a virgin beach of golden sands.
Just 15 minutes drive from Tangiers and the airport in one direction and 15 minutes or so in the
opposite direction to the pretty fishing village of Asilah.
The PARADISE BEACH & GOLF RESORT will feature :-
Swimming pools & Beach bar
Landscaped gardens
On-site café/bar and mini-market
Gated community with 24 hour security
Rental and Management office
Gymnasium
Free bus service to and from Asilah town & Tangiers
Water Sports Centre with Jet ski, Kayak and Pedalo hire
EXAMPLE OF PAYMENT
1 BED APARTMENT - 828,750 Dh (£52,452 @ 15.8 Dh/£)(€75,000 @ 11.05 Dh/€)
To reserve your Apartment you will need to pay a HOLDING DEPOSIT of 39.958 Dh (£2,529) ( €3,605 )
Within 30 days it is expected that clients will visit Morocco to view and confirm their purchase.
Thereafter the following payments must be made.
1) Agency Fees … … … ... ... ... … ... ... 51.429 Dh (£3,255)(€4,640)
2) The balance of the 40% Deposit … ... ... … … ... 291,542 Dh (£18,452)(€26,384)
The remaining balance of 60% by Mortgage … … … … … 497,250 Dh (£31,472)(€45,000)
(No Mortgage repayments necessary until the Title Deeds are signed and you take possession of your property).
All properties are sold in Dirhams. The sterling and euro price are a guide only as exchange rates can vary.
THE CONSTRUCTION COMPANY
Caisse de Depot et de Gestion (CDG) is a wholly owned subsidiary of the Moroccan Government.
Amongst their other responsibilities CDG invests Morocco’s pension funds and is one of the country’s
leading institutional investors.
Last year alone the construction arm of CDG completed 50,000 individual dwellings.
Current flagship projects include:
1 $12 billion series of real estate agreements with Dubai International Properties
2 $2 Billion AMWAJ project already in progress in Rabat
3 $600 million Dubai Towers in Casablanca
With its vast experience and workforce of almost 3000 CDG is ideally placed to bring the Paradise Golf
& Beach Resort to fruition.
Construction work on the site is due to start late summer 2006.
A GOVERNMENT BACKED PROJECT
The Moroccan Government’s vision of major increases in both tourism and foreign investment over the next
four years is being partly achieved by zoning large tracts of (mainly beachfront) government owned land
for touristic construction.
With building consent already given, fast tracking of licences and financial incentives for developers,
Paradise Golf & Beach Resort will be one of the largest of such government backed projects in Northern
THE BANK
Groupe Banque Poopulaire is one of the leading banking groups in Morocco. They will provide much of
the finance for the Paradise Golf & Beach Resort.
In addition they will also make all payments for construction and development of the project. Using the
“Certification System” payments will only be made once the banks own technical experts and architects
have visited the site to ensure that all work has been carried out according to specification.
Groupe Banque Populaire will also provide mortgages to purchasers at Paradise Golf & Beach Resort
where required. These, of course, will be subject to status.
Groupe Banque Populaire offer the full range of banking services including: cash points, credit cards, insurance,
direct debits, internet banking, etc.
A new Branch of the bank will be opened at Paradise Golf & Beach Resort with English speaking staff.
It is envisaged that Groupe Banque Populaire will also provide purchasers with a bank guarantee which
will under-write all payments prior to completion of construction
This developemnt of developments in Morocco property sale opportunities.
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