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Key selling points
- Final 12 Villas Just Released (Feb 08)
- All Riads 2 Bedroom 2 Bathroom
- All Properties Come Fully Furnished
- Private Infinity Style Plunge Pool Included
- Nine Year 7% Net Rental Guarantee
- Beautiful Hillside Position Overlooking Fez
The Region
Founded more than 1,200 years ago, Fez is one of the most historically significant cities in North Africa. Although it no longer holds its 11th century status as the largest city on the planet (it’s now the third biggest in Morocco, with a population of around a million), it still maintains its proud heritage as a centre of culture and learning and boasts, for example, the oldest university in the world. It is also a relaxed, friendly and aesthetically beautiful place.
It has been the capital of Morocco on several occasions, the most recent ending in 1912 under French colonial rule. Its charm and traditional feel are today recognised and protected, with UNESCO declaring the city’s wonderfully preserved old medina, with its fascinating Moorish architecture and evocative atmosphere, a World Heritage Site.
Booming Economy
As Morocco’s economy booms, so Fez is experiencing strong growth with thriving agricultural, artisan and industrial production. Local handicrafts, particularly leather, are world famous, while over half of the urban population are employed in the services sector, increasingly in the burgeoning tourist industry.
Fez is already the third largest tourism centre in Morocco and its status is growing further. An integral part of King Mohammed VI’s Vision 2010 plan, local authorities plan to double visitor numbers to a million over the next three years. To this end, they are constructing hotels, golf courses and tourist complexes, although they stress they are planning sensitively to preserve the city’s relaxed, traditional feel.
Aside from historical and natural attractions, such as fabulous geothermic springs and stunning vistas, thousands of international visitors are regularly drawn to the Fez World Sacred Music Festival, held annually since 1994. Performers such as Ravi Shankar and Youssou N’Dour, and a World Bank-sponsored discussion forum, ensure the city remains academically and culturally exciting and relevant.
Accessibility
Fez is internally accessible via railways, roads and air. Many European cities offer direct flights. While it has long been popular with French tourists and expats, recently opened Ryanair budget route from London mean its appeal is set to be discovered by a whole new group
One of a Kind
The resort will be located high up on the hillside of Zalagh, one of the highest peaks in Fez, on 7.3 hectares of prime land. All houses will enjoy superb south-facing views overlooking timeless, rolling green landscapes and the charming old medina. The geographical position also means that the stunning views will be protected – whatever happens in the future, houses here simply cannot be overbuilt.
While the site’s elevated position gives it a beautifully tranquil feel, it is only 10 minutes from all the life and amenities of the city. We truly believe it is the finest site in the area, and what’s more it is currently the only such development around. Both as a resort and as an investment, getting in here is getting in first.
Modern Amenities –Traditional Styling
Designed by a well-known local architect, houses will be based on a traditional Moroccan design with ceramic tiling and authentic wooden detailing. There will be a host of amenities on site, including a small boutique hotel with sauna, hammam and communal pool, a restaurant, bar and health centre offering 24-hour medical attention, including the services of a doctor and nurse where needed. This may be used by locals but Salama Valley residents may access it free of charge.
All 65 units will have two double bedrooms and two spacious bathrooms, 90m2 of floor space and 65m2 of garden space, with private infinity-style plunge pools overlooking the valleys. Each house will come fully furnished in sophisticated and sympathetic fashion.
Deal summary
- 7% net p.a. rental guarantee for nine years increasing annually
- Receive 7% in year 1 rising to 8.2% in year 9
- 70% loan-to-value financing
- Nine year 100% buyback guarantee
- All units with fine south-facing views
- Fully furnished
- Superb Amenities
- Numerous Extras
- Transferable guarantees
Please Note
We released this development towards the end of last year. This project sold out within 6 weeks of release. The developer has just (Feb 08) released the final 12 units on this 65 unit site. We expect these to be reserved very quickly.
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