Tanjah, tinja and Houara

nisrine.z

Well, the prices available in the websites are not the bottom price, there are some units costing less than that. I am selling the project and I know all the prices by heart. The prices on the websites reflect the price of most of the units.
Well, if you are interested to buy from Al Houara, just go ahead.

nisrine.z

No, it is not true, the prices available in the Rightmove are not just the starting prices. In the first phase, the prices was much lesser than. But the prices available in the website are the prices of most units . Normally, units located in the first floor or even in the Ground floor are less than that.
so, if someone interested, just go ahead.

camel

Moroccomania,
Its does not matter wether you look with Investors eye or owners eye. It is chalk & cheese and it would not be not be fair to compare as like with like is not being compared here.

To others: Al houra in the long run i.e. five years from now. Wyndham travel will bring a lot of people to the holiday apartments through out the year in addition Hyat & Kapinski will also have its guest. This will give Alhoura a massive exposure.

Not to forget that when the wealthy Arabs will come, in keeping up with their equilvent of Jones or shall call it Abdul's, they would want to buy and at that point there will all be sold out thus creating a serious premium.

moroccomania

I agree they are different - but an investors objective is to make money irrespective of what the development looks like. So from that point of view, even if we compare chalk and cheese, i would want to know whether there is more demand for chalk or for cheese so that i know what to buy!

Wyndham Travel will bring in tourists and that is good for rental yields. But how long it can be sustained for, that is questionable. Houara may be one resort, but there will be many more to come which will drop rental yields and split the tourists.

Finally, on the subject of rich arabs wanting to buy apartments, thats what everyone thought about Dubai. Sure, it worked initially, but most of the investors are sitting on properties hoping for a premium of even 10% to exit. And the wealthy arabs, im pretty sure, will not be looking at buying a 2 bed apartment overlooking a pool, will they?

propertymania

Hi all,

Nice to meet you here. I am one of Houara customers and I have plans to buy from other developments but I am still looking.

camel

Moroccomania:
I agree chalk has its price & cheese has its own price. As far as yeilds are concerned yes there will be other developments. The nearest one with the same the offering will be Port Lixus, which is another twenty minutes drive from Tangiers.

I use the word rich Arabs losely. I agree that super rich will not buy a two bedroom apartment. But as you may know that there is a very large middle class aspiring to move the next level.

propertymania

Actually, guys, I do not have a very good experience with Houarra. My friend was one the first people who booked a 1 bed apartment. He purchased it with a very good price and though he encouraged me to buy because he was informed that there was limited numbers of 1 bed apartments in the first phase. I did not care about that because all the developers say the same thing.

After one month and half, I contacted one of the agents from which my friend purchased and I was disappointed to know that all the 1 bed apartments of the first phase were gone and also only three or four 1 bed apartments available in the second phase and that the third phase will be soon released once these ones are reserved. I decided to take 2 bed apartment with a good price because there was a not a big difference in price and also the ones available were not in the upper floors.

But i really envy my friend for being among the first who buy.

camel

Propertymania: I dont understand how you have a bad experience will Al -houra ? You were told by the agent/developer that there were limited one bedrooms. You thought this was a sales pitch and ignored your friends advise. You did not play your cards and your sceptism cost you the property of your first choice.

I should not envy your friend. I should learn from him that he was decisive and being an early bird caught the worm. .

nisrine.z

In fact, Property mania, many people like you have lost their cherished apartments because they think we lie to them when we tell them we do not have many units available and that the price will go up.

mintmagic

propertymania,

Can you elaborate on your bad experience, and also details of which unit your friend bought at what price?