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New Builds and Off Plan - Morocco |
| Oasis Beach and Golf Resort |
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A stunning new project on Morocco’s beautiful and largely undiscovered Mediterranean coast. This exclusive new development is an ideal opportunity for investors. The area is up-and-coming, with great prices. As the infrastructure and communications improve it is becoming a popular alternative to southern Spain.
The resort lies on a 6km stretch of golden sandy beach.
It is surrounded by rolling hills, natural woodlands and bird sanctuaries. The
nearest town – Saidia, is known as the blue pearl of the Mediterranean because of its crystal clear waters.
Getting There
The resort is 3 hours travelling time from
the UK.
Fly into Malaga and catch a connecting flight to Melilla. The nearby airports at
Oujda, Nador and Melilla are
being expanded. The road network is being improved so Saïdia will have three airports all within a 45-minute drive within the next few years, with direct flights from the UK.
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Properties
The resort has apartments, penthouses, townhouses and villas – all surrounded by golf courses and landscaped gardens, with communal swimming pools and a clubhouse. Residents can use the luxurious beachside Oasis Beach
Club.
The properties
• Are low-level and low-density
• Are built to highest standards
• Are fully furnished with air con
• Include white goods, TV and patio furniture
• Include balconies, rooftop terraces or private gardens
• Have stunning sea or golf views
Services at the resort include :
• 740 berth marina
• 3 x 18 hole golf courses
• Maintenance facilities on site
• Fitness and sports area
• Restaurant and bar
• Health and beauty treatments
• Heated outdoor swimming pool
• Outdoor spa
• Tropical landscape gardens
• Internet and business facilities
• Games room
• Extensive sun terraces
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Apartments
Oasis Beach has a choice of 1 and 2 bedroom ground floor apartments, first floor apartments and penthouses.
All properties are built to the highest standards.
Fully furnished and equipped with air-conditioning. All set in landscaped communal gardens with access to the private swimming pool and clubhouse.
1 bedroom, 1 bathroom.
Living space 71.42 to 101.38m2
Terrace / Garden 9.43 to 73.75 m2
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Prices from € 117,713 |
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2 bedroom, 2 bathroom
Living space 81.12 to 99.58m2
Terrace / Garden 91.13 to 95.28 m2
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Townhouses
There is also a choice of 2 and 3-bedroom townhouses with shared pools and private solariums and patios.
Built in traditional Moroccan style, these lovely houses are grouped in small clusters around a communal swimming pool.
2 bedroom
Living space 106.89m2
Terrace / Garden 138.36m2
Prices from € 223,331 to € 263,042 |
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3 bedroom
Living space 165.02m2
Terrace / Garden 95.55m2
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Villas
2 bedroom
Living space 119.71m2
Terrace / Garden 139m2
Prices from € 283,292
3 bedroom
Living space 146.21m2
Terrace / Garden 88.47m2
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Terms of Payment
20% on contract
10% on build, approx 6 months after contract
10% concrete structure
60% on completion
( The final payment can be paid by applying for a mortgage already made available by the developer. )
Prices of Moorings
| Length m |
Width m |
Area m2 |
Price £ |
| 7 |
2.5 |
17.5 |
£ 7,750 |
| 8 |
3 |
24 |
£ 10,629 |
| 9 |
3.4 |
30.6 |
£ 13,552 |
| 10 |
3.7 |
37 |
£ 16,387 |
| 12 |
4.1 |
49.2 |
£ 21,790 |
| 15 |
4.8 |
72 |
£ 31,888 |
| 18 |
5.4 |
97.2 |
£ 49,199 |
| 20 |
6 |
120 |
£ 62,258 |
| 25 |
6.5 |
162.5 |
£ 84,308 |
| 30 |
7.5 |
225 |
£ 116,735 |
| 40 |
10 |
400 |
£ 207,529 |
| 50 |
12 |
600 |
£ 311,293 |
How do I secure a property ?
An initial holding deposit of £ 2000 is all that is needed to secure a property for 28 days. This gives you time to visit the project or buy " site unseen ".
What is the payment structure for the Oasis Beach and Golf Resort ?
20% of the purchase price is payable on exchange of contracts ( a deposit of
£ 2,000 is deducted from this ).
A further 10% is then required on start of construction followed by a further 10% on completion of the concrete structure.
The final 60% is paid either in cash or via a mortgage.
Will I be able to rent out my property ?
Properties here should provide lucrative year-round rental potential because of the climate and golf facilities. An added bonus is that owners are income tax-exempt for the first 5 years.
What ongoing costs should I expect ?
Running costs are set to be around £ 120 - £ 160 per month, including utility, maintenance and management charges.
What is the Capital Gains Tax situation ?
Capital Gains Tax ( TPI ) is 20% of the profit, with a minimum of 3% of the sale price. There is a double taxation treaty between the UK and Morocco to ensure that this is not paid in both countries. Properties sold after more than 10 years
ownership are fully exempt from TPI. Properties sold after more than 5 years ownership but less than 10 years are subject to TPI of 10% of any capital gain over 1 million DRh ( about £ 62,000 ).
What if I want to re-sell before completion ?
You can sell on to a 3rd party ( once the initial 20% has been paid ) via a transfer contract drawn up by your solicitor.
What is the local currency ?
Local currency is the dirham ( DRh ).
Currency Conversion : 11 Dirhams to 1 Euro 16.27 Dirhams to 1GBP
Where can I find more information on Morocco ?
Moroccan Embassy, 49 Queens Gate Gardens, London SW7 5NE Tel. 020 7581 5001 www.morocco.embassyhomepage.com
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