LUXURY REAL ESTATE IN MOROCCO AND DUBAI

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FAQ

Frequently Asked Questions

Quickly find the answers you need to make informed decisions. Explore our FAQ now.

FAQ – Luxury Property Rentals in Morocco

The luxury rental market in Morocco offers several types of properties:

  • Traditional Riads: Typical homes with a central courtyard, offering an immersive experience in Moroccan living.
  • Contemporary Villas: Located in secure estates or prestigious golf courses, featuring private pools and high-end amenities.
  • Urban Penthouses: Luxury apartments with panoramic views and concierge services in major cities.
  • Private Palaces: Historic residences for an exclusive experience in a royal setting.
  • Seafront Properties: Villas and residences with direct beach access, especially in Essaouira and Tangier.
  • For stays of less than 3 months, no special permit is required for foreigners.
  • For longer stays, a temporary residence permit may be required.
  • Owners must declare foreign tenants to the local authorities.
  • It is recommended to establish a detailed rental contract specifying:
    • The description of the property and its amenities.
    • The duration of the rental.
    • The rent amount and payment terms.
    • The cancellation and refund conditions.
    • The included and optional services.

Prices vary based on several factors:

  • The season: High season (October to April) is more expensive than the low season (May to September).
  • The location: Marrakech is generally the most expensive.
  • The amenities: Included services and the property’s standard.
  • The size and luxury of the property.

Also to consider:

  • Security deposit (refundable).
  • Cleaning fees (often included).
  • Additional services (private chef, chauffeur, spa, etc.).
  • Travel insurance (highly recommended).
  • House staff: Housekeeper, chef, butler depending on the property.
  • Private concierge: 24/7 assistance for bookings and organizing experiences.
  • Exclusive experiences: Cooking classes, excursions, private spas, hot air balloon rides, etc.
  • Choose the right season: Ideal climate during the high season, but higher prices.
  • Hire professionals: A specialized agency ensures a smooth experience.
  • Check the details: Make sure you understand what is included in the rental.
  • Respect the local culture: Be mindful of Moroccan customs.
  • Enjoy local experiences: Excursions, dinners, cultural visits, etc.

FAQ – Purchasing a Property in Morocco

Yes, foreigners can own 100% of a property in Morocco, as long as it is located in an urban area. Restrictions apply to properties in rural areas.

No, it is possible to open a bank account without being a resident, which facilitates real estate transactions.

You should budget around 10% of the sale price, including:

  • Agency fees (3% of the sale price excluding VAT).
  • Notary and registration fees (6 to 7% of the sale price).

Yes, since 2022, VAT on these services is 20%.

Two taxes:

  • Housing tax (10% to 30% depending on the municipality).
  • Municipal services tax (10.5% in urban areas and 6.5% in rural areas).

Q: How does the property search process work?
A: You need to define your criteria, visit several properties, and analyze the neighborhood and future projects.

Q: Is the price of a property negotiable in Morocco?
A: Yes, especially for used goods. It is common to bargain.

Q: What is a sales agreement?
A: A document that details the identity of the parties, the description of the property, the price, and the conditions precedent. It is recommended that it be drawn up by a notary.

Q: What checks are necessary before purchasing?
A: It is necessary to examine:

  • The title of ownership (absence of disputes or mortgages).
  • Compliance with urban planning regulations.
  • The technical condition of the property (electricity, plumbing, structure).
  • Payment of taxes and duties by the seller.

Q: What are the payment options?
A:

  1. Via a Moroccan bank account (transfer of funds with bank certificate).
  2. Transfer to the notary via the Caisse de Dépôt et de Gestion (CDG), guaranteeing greater security.

Q: Who formalizes the sale of a property in Morocco?
A: A Moroccan notary. He draws up and validates the deed of sale.

Q: How long does it take to get the final title deed?
A: Approximately 10 to 15 days after registration by the notary.

Q: Which are the most attractive cities for buying real estate in Morocco?
A:

  • Marrakech: culture and climate.
  • Casablanca: good rental investment.
  • Tangier: rapid development.
  • Agadir: beaches and pleasant climate.
  • Fez/Meknes: affordable traditional real estate.

Q: How can I avoid overpaying for real estate?
A: Analyze average market prices, compare several offers and negotiate.

Q: Which professionals are essential for securing a property purchase in Morocco?
A: A notary, a reputable real estate agency and, possibly, a specialist lawyer.

Q: What cultural and linguistic precautions should be taken?
A:

  • French is commonly used, but some knowledge of Arabic can help.
  • The process may take longer than in Europe or the United States: patience recommended.

FAQ – Investing in Real Estate in Dubai

Yes, foreigners can purchase freehold properties in specific areas defined by the Dubai Land Department (DLD).

  • Choice of property and verification of its eligibility for freehold status.
  • Signature of the MOU (Memorandum of Understanding) and deposit of a deposit (10%).
  • Obtain the NOC (No Objection Certificate) from the promoter.
  • Transfer of ownership before the DLD after full payment.
  • DLD registration fees: 4% of the property price.
  • Real estate agent fees: Approximately 2% of the purchase price.
  • Notary and transfer fees: Varies depending on the property.
  • Annual Service Fee: Depends on building and facilities.
  • No capital gains tax or rental income tax.
  • 5% VAT applicable only to new properties (first sale by a developer).

Yes, non-residents can get a mortgage with:

  • A minimum contribution of 20 to 50% depending on the investor’s profile.
  • An interest rate between 3 and 5% depending on the bank and the duration of the loan.

Rental yields are typically between 7 and 10%, which is higher than in many major cities. Short-term rentals (Airbnb) can offer higher yields but require a specific license.

Yes, depending on the amount of the investment:

  • 2-year visa: Purchase of a property of 750,000 AED (~185,000€) minimum.
  • Golden Visa (10 years): Purchase of a property worth at least AED 2 million (~€500,000).
  • Dubai Marina & JBR: Ideal for short-term rentals.
  • Downtown Dubai: Premium neighborhood near the Burj Khalifa.
  • Business Bay: A booming business district.
  • Palm Jumeirah: Luxury and prestige.
  • Jumeirah Village Circle (JVC): Good value for money.

Approximately 30 to 60 days, depending on the speed of administrative and banking formalities.

No, but some construction projects impose a minimum period before resale. It’s also recommended to check if the property is mortgaged, as this can lengthen the sales process.

Do you still have questions?

If you can’t find the answer to your question in our FAQ, you can always contact us.

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