Fly to let investors along the Tetounaise coastline in Morroco could benefit from one of the country’s action plans for the area.
Tamuda Bay being between the city of Fnideq just outside the Spanish enclave of Ceuta down to the fishing town and beach resort of M’diq is earmarked for 3.3bn Dirhams-worth of investment (over £200 million) to include 5,000 hotel beds, two new 18-hole golf courses and upgrades to the existing three marinas.
Pockets of residential property are springing up along Tamuda Bay and offering some tough competition to the saturated Spanish coastline just a few kilometres across the Mediterranean.
Trevor Byrne, GEM Estates Moroccan Expert, said: “The Moroccan Government made the tactical move of giving this coastline an identity by dubbing it Tamuda Bay back in October 2006 and the clear intention is to provide an accessible yet affordable alternative to the Spanish Costas.
“Golfers and yacht owners are a prime target and planners hope to capture a share of the market from the longer established golf courses and marinas found in southern Spain and indeed along the French Riviera. Aside from the more reliable climate, price is a driving factor with Tamuda Bay undercutting its rivals on residential property, a round of golf, berths, yacht maintenance, cost of living and so on. The formula for success is spot-on.”
The Views is one such residential resort less than 10km from the chic 450-berth Marina Smir which justifiably bears a resemblance to its Spanish counterparts.
Completed in 1992 by the Marina Group of Companies (a British enterprise established in 1982 which also owns Marina Marbella) the facility can accommodate yachts up to 60m in length and styles itself as a “port to experience, only 10 miles from the Straits”.
Flanked by bars, boutiques and sandy beaches this is just one of The Views strong selling points whilst culture lovers can immerse themselves in the old Medina of Tetouan, declared a heritage city by UNESCO, or admire the unique blue rinsed ancient properties of Chauen, both reached via a short drive.
The Views itself forms part of Alcudia Smir Beach Resort. Residents are close to the beach and can enjoy a private lagoon-style swimming pool as well as pretty vistas towards the Rif Mountains in one direction and Gibraltar and mainland Spain to the other.
The 120 one, two and three bedroom apartments have European standard fitted kitchens, walk-in wardrobes, private terraces with far-reaching views, secure parking and a 10 year build guarantee. Tangier Airport is less than an hour’s drive from and is served by low-cost Royal Air Maroc subsidiary, Atlas Blue, which flies to London plus several other European cities such as Paris and Barcelona. Prices at The Views start from 122,027 euros and a two year rental guarantee pitched at 5 percent is available as an option.
|