Every so often a development comes along that matches the superlatives that frequently colour the language of estate agency, words such as sumptuous, amazing and unbeatable. The Al Houara Resort deserves this and much more.
THE DEVELOPER
Currently under construction by Qatari Diar, the development arm of the Qatar government, the $600 million Al Houara Resort is designed to be the most opulent and stylish resort in Morocco. This internationally renowned developer recently purchased the former barracks of the Household Cavalry in Chelsea and have unparalleled developments in countries throughout the world. In Morocco they are looking to create a flagship resort that will confirm their reputation as the developers of the world's finest real estate projects.
For the property buyer dealing with a company such as Qatari Diar, backed by the government of Qatar, has many advantages. For a start there's no prospect of them going bust! Plus they are determined to create a project that shows the world what Qatar can do and so will spare no expense to ensure this happens. The project is completely pre-financed and no client monies will be used in the construction - it will all be placed in an ESCROW account to safeguard buyers.
THE LOCATION
Situated on the picturesque stretch of coastline that runs from Tangier to Asilah, the Al Houara Resort will attract the most exclusive visitors to this privileged location. The attractive design of this project reflects the best of Moroccan architecture combined with a design that incorporates the comforts of 21st century living.
Property investors should also be aware that we would expect a significant uplift in value when the Tangier airport opens to more direct flights from the UK. A recent study put this capital uplift at around 30% for developments within 10 minutes of an international airport.
WHAT'S AVAILABLE
There is a complete range of property available from entry level one bedroom apartments through to luxurious six bedroom beach front palaces spread across the 234 hectares. (This equals a build density of only 20% - amongst the lowest in Morocco.)
Beach Palaces from €8,800,00
Beach Villas from €2,093,000
Beach Apartments from €268,800
Golf Villas from €878,000 - 20% Discount on certain units!
Golf Apartments from €151,488
OWNERSHIP OPTIONS
The developer is offering two ownership models:
Private - full freehold to use as you wish.
Investment Ownership Option - Personal Use and Rental Exchange - This innovative ownership model is offered in conjunction with Wyndham Worldwide's Registry Collection, the world's largest rental company with a database of 9 million clients. Properties in this scheme are offered fully furnished and managed with an allocation for personal use and if you fancy a change you can exchange weeks in Al Houara for weeks in other Wyndham Resorts throughout the world.
COMPLETION: AUGUST 2011
FINANCE AND PAYMENT TERMS
OPTION 1:
- 5,000€ to reserve
- 20% down after 21 days (paid into an Escrow account)
- 30% at foundation (after one year)
- 20% at roof
- 30% after two years on completion
OPTION 2:
- 5,000€ to reserve
- 20% down after 21 days (paid into an Escrow account)
- 10% after one year
- After this financing available from Moroccan Bank
DEVELOPMENT FEATURES
- 20 minutes from Tangier
- 10 minutes from airport
- 2.5km of beachfront
- 3 x luxury hotels - Kempinski confirmed
- Moroccan Spa
- Beach Club
- Retail Centre with exclusive boutiques
- Large Forested Area
- 18-hole VJ Singh signature golf course
- Equestrian Centre
- Al Houara Kasbah
- Sports and Recreational facilities
- Conference Centre
- Entertainment Centre
