ezrnow

The prices you mentioned on Rightmove are definitely just a come on… A phone call to Insight Morocco confirmed that the majority of phase 1 apartments and villas were already sold and that there with only a few remaining.. My guess is that with the developer being middle eastern, most of the origional units have been purchased by wealthy locals from the UAE. Now whether that’s true or not, it really doesn’t matter, but having bought and sold property in Dubai, I know that agents play a big role in setting the pace for sales and it’s certain the Sotheby’s are employing a number of marketing gimmicks to ramp up the interest.

Having said that, I have seen the overall site plan and really do like it – compared to Tanjah and Tinja, the developments is far less dense in build quantity and there is far more emphasis given to landscaping and overall finish of the apartments - which look the best out of the lot. I can’t comment on the prices, as I do not know anything about the prices of the Tinja units and have really struggled to find accurate info on this development, but 2,070 Euros per sq.m. for the Tangiers coast does seem a little on the high side!

For someone who has got the money and wants the luxury, Tinja seems a good bet, but I don’t think they’ll make a lot of money by reselling quickly. In the long run it could prove dividends and my feeling is that it will produce some of the best returns out of the 3 projects – although Emaar already has a cult following and their products always have a good resale value, but again not too sure on their prices!