Real Estate Investment in Marrakech: 2026 Returns

The Marrakech real estate returns remain exceptional in 2026. With net annual rental yields of 5 to 9%, attractive taxation, and a booming tourism market, Marrakech stands out as a preferred destination for savvy investors.

The Moroccan real estate market has undergone a major transformation since 2020. New tourism standards, infrastructure improvements, and a constant influx of international investors create a favorable environment for maximizing your returns.

This comprehensive guide analyzes all aspects of real estate profitability in Marrakech for 2026. Discover with Celestia Invest how to optimize your investment and secure attractive rental income.

Table of Contents

• Marrakech Real Estate Market 2026: Overview
• Investment Types and Returns
• Rental Profitability: Calculations and Examples
• Most Profitable Neighborhoods
• Financing Strategies to Maximize Returns
• Tax Optimization for Investments
• Legal Structures and Profitability
• Short-Term Rental: New Regulations
• Risks and Solutions
• Practical Advice for Investors

Marrakech Real Estate Market 2026: Overview

Market Dynamics

The Moroccan real estate market displays remarkable health in 2026. Marrakech attracts over 3 million tourists each year, creating sustained rental demand throughout the year.

Several factors explain this positive dynamic. Massive investments in tourism infrastructure strengthen the city's attractiveness. The arrival of low-cost airlines facilitates international access. International cultural and sporting events maintain constant global visibility.

Asset appreciation remains attractive with an average annual growth of 4 to 6% in sought-after neighborhoods. This appreciation adds to rental income to compose a very competitive overall return.

Investor Profile

Investors are divided into several distinct categories. Moroccans Living Abroad (MRE) represent 35% of acquisitions, benefiting from privileged financing conditions. European investors constitute 40% of the market, attracted by geographical proximity and accessible prices.

Institutional investors are gradually increasing their presence with 15% of transactions. Local Moroccan buyers complete the market with the remaining 10%, mainly seeking rental properties or second homes.

2026 Regulatory Changes

The year 2026 marks a turning point with the strict application of new tourism classification standards. Decree 985-24 now imposes high standards for rental operations: mandatory online booking, strict cleanliness standards, enhanced security, and improved accessibility.

These requirements professionalize the rental market. Compliant owners benefit from higher rates and a premium clientele. The initial investment in compliance pays off quickly through optimized rental income.

Investment Types and Returns

Short-Term Rental Villa

The rental villa represents the most profitable investment in Marrakech. With rates from 3,500 to 10,000 MAD per night depending on standing and location, annual gross revenues reach 450,000 to 1,200,000 MAD.

Example of a 4-bedroom villa in Palmeraie:

Purchase price: 5,000,000 MAD. Average occupancy rate: 50% (180 nights/year). Average rate: 6,500 MAD/night. Annual gross revenue: 1,170,000 MAD. Operating costs (35%): 409,500 MAD. Annual net revenue: 760,500 MAD. Net profitability: 15.2%.

This exceptional profitability is explained by strong tourism demand and the ability to charge high rates during peak season. Professional management remains essential to maintain these performances.

City Center Apartment

Apartment investment offers a more accessible entry ticket. Studios and 2-bedroom apartments in Gueliz or Hivernage generate net returns of 7 to 9% with simplified management.

Example of a 2-bedroom apartment in Gueliz:

Purchase price: 1,800,000 MAD. Short-term rental (200 nights/year). Average rate: 800 MAD/night. Gross revenue: 160,000 MAD/year. Charges and management (30%): 48,000 MAD. Net revenue: 112,000 MAD. Net profitability: 6.2%.

Well-located apartments near tourist attractions maintain high occupancy rates year-round. Lower maintenance costs than a villa improve net profitability.

Medina Riad

The authentic riad attracts a high-end clientele seeking the Moroccan cultural experience. Premium rates compensate for higher maintenance costs.

Example of a 5-bedroom riad in Medina:

Purchase price: 3,500,000 MAD. Occupancy rate: 60% (220 nights). Average rate: 5,000 MAD/night. Gross revenue: 1,100,000 MAD/year. Operating costs (40%): 440,000 MAD. Net revenue: 660,000 MAD. Net profitability: 18.9%.

Well-renovated riads with included services (breakfast, concierge) generate the best returns in the market thanks to their unique character and premium positioning.

Route de l'Ourika Investment

The Route de l'Ourika offers a nature alternative with acquisition prices 30 to 40% lower than the city. Profitability reaches 6 to 8% net with a clientele seeking authenticity and calm.

Atlas view villas benefit from growing demand from remote workers and families seeking long stays. Rental income is complemented by sustained asset appreciation in this developing area.

Rental Profitability: Calculations and Examples

Understanding Different Rates

Gross profitability: (Annual rental income / Purchase price) x 100. Quick initial indicator but incomplete as it doesn't consider charges.

Net profitability: ((Revenue - Charges) / Purchase price) x 100. Realistic indicator including all operating costs, taxes, maintenance, and management.

Net-net profitability: Also integrates taxation and financing costs. This is the real return after all deductions.

Charges to Anticipate

For an accurate calculation of Marrakech real estate returns, several charge items must be accounted for.

Annual fixed charges: Housing tax and community services (15,000 to 40,000 MAD). Landlord insurance (8,000 to 20,000 MAD). Water, electricity, internet (25,000 to 60,000 MAD). Permanent security for villas (50,000 to 70,000 MAD).

Variable charges: Rental platform commission (15-20% of revenue). Cleaning between tenants (200-500 MAD per turnover). Pool maintenance if applicable (40,000-60,000 MAD/year). Maintenance and repairs (2-3% property value/year). Gardening for villas (30,000-45,000 MAD/year).

On average, total charges represent 30 to 40% of gross rental income. Optimized management can reduce this ratio to 25-30%.

Detailed Simulation Mid-Range Villa

300 m² villa with 4 bedrooms, pool, Palmeraie neighborhood:

Acquisition and fees: Villa price: 4,500,000 MAD. Notary and registration fees (10%): 450,000 MAD. Furnishing and equipment: 300,000 MAD. Total investment: 5,250,000 MAD.

Annual rental income: High season (90 nights at 8,000 MAD): 720,000 MAD. Mid season (60 nights at 5,500 MAD): 330,000 MAD. Low season (30 nights at 4,000 MAD): 120,000 MAD. Total gross revenue: 1,170,000 MAD.

Annual charges: Platform commissions (18%): 210,600 MAD. Cleaning (180 turnovers at 400 MAD): 72,000 MAD. Local taxes: 35,000 MAD. Water, electricity, internet: 45,000 MAD. Pool maintenance: 50,000 MAD. Security guard: 60,000 MAD. Gardener: 36,000 MAD. General maintenance: 40,000 MAD. Insurance: 15,000 MAD. Total charges: 563,600 MAD.

Net revenue: 606,400 MAD. Net profitability: 11.6%. Gross profitability: 22.3%.

This exceptional return places Marrakech among the most profitable destinations in the Mediterranean basin. The key lies in optimizing occupancy rate and controlling operating costs.

Impact of Professional Management

Professional management directly influences final profitability. An experienced manager optimizes rates according to demand, maximizes occupancy rate, negotiates with suppliers, and ensures preventive maintenance.

Although the management commission represents 15 to 25% of revenue, it often generates 30 to 50% additional revenue compared to self-management. The return on investment of professional management remains largely positive.

Most Profitable Neighborhoods

Palmeraie: Profitable Luxury

The Palmeraie combines prestige and high profitability. Villas with pools generate rates from 6,000 to 15,000 MAD/night. The high-end clientele seeks space, calm, and premium services.

Average profitability: 10 to 14% net. Entry price: 4,000,000 to 12,000,000 MAD. Annual appreciation: 5 to 7%. Target clientele: affluent families, groups of friends, private events.

Investment in Palmeraie requires substantial capital but offers the best overall profitability performance (rental + appreciation).

Gueliz and Hivernage: Nerve Center

The Gueliz neighborhood and Hivernage attract tourists and professionals. Proximity to restaurants, shops, and attractions guarantees high occupancy rates year-round.

Average profitability: 7 to 10% net. Entry price: 1,500,000 to 4,000,000 MAD. Property types: 1-3 bedroom apartments, small villas. Occupancy rate: 65 to 75%.

These neighborhoods are perfectly suited to investors seeking simplified management and regular income with a moderate entry ticket.

Medina: Premium Authenticity

The Medina offers the most authentic experience. Renovated riads with traditional character attract an international clientele willing to pay premium rates for cultural immersion.

Average profitability: 12 to 18% net. Entry price: 2,500,000 to 8,000,000 MAD. Specificity: expensive renovation and maintenance. Clientele: high-end tourists, couples, small groups.

Investment in the Medina requires expertise in heritage renovation and knowledge of specific regulations. The profitability potential remains exceptional for informed owners.

Route de l'Ourika: Nature and Value

The Route de l'Ourika offers the best value for money. Acquisition prices 30 to 40% lower than the city allow net returns of 6 to 8% with strong asset appreciation.

Entry price: 2,500,000 to 6,000,000 MAD. Profitability: 6 to 8% net. Annual appreciation: 6 to 9%. Clientele: nature families, remote workers, long stays.

This sector suits investors favoring medium-term asset appreciation combined with decent rental income.

Golfs: Sporting Prestige

Residences within golf courses (Amelkis, Al Maaden, Royal Palm) attract an affluent sporting clientele. High-end infrastructure justifies high rates.

Average profitability: 8 to 12% net. Entry price: 5,000,000 to 15,000,000 MAD. Included services: golf course, spa, restaurants, 24/7 security. Clientele: international golfers, affluent retirees.

Investment in golf courses combines premium lifestyle and solid rental performance with loyal and solvent clientele.

Financing Strategies to Maximize Returns

Leverage Effect and Profitability

Bank financing amplifies Marrakech real estate returns through leverage. By immobilizing only part of your capital, you multiply your investment capacity and optimize the return on equity.

Comparative example:

100% cash purchase: Villa 5,000,000 MAD, total contribution. Annual net revenue: 600,000 MAD. Return on equity: 12%.

70% financed purchase: Villa 5,000,000 MAD, contribution 1,500,000 MAD, loan 3,500,000 MAD. Monthly loan payment (15 years, 6.5%): 30,500 MAD or 366,000 MAD/year. Net revenue before loan: 600,000 MAD. Net revenue after loan: 234,000 MAD. Return on equity: 15.6%.

Leverage increases return by 3.6 points while preserving capital for other investments. This strategy multiplies your overall asset capacity.

Financing Options by Profile

For MRE: Privileged conditions from Moroccan banks. Duration: up to 20 years. Minimum down payment: 10 to 20%. Interest rate: 5.5 to 6.5%. Advantage: conditions close to Moroccan residents.

For non-resident foreigners: More restrictive but possible access. Maximum duration: 10 years. Minimum down payment: 30 to 50%. Interest rate: 6 to 8%. Banks: international subsidiaries and major Moroccan banks.

Optimal strategy: Presenting a complete file significantly increases approval chances. Essential documents: stable income proof, recent bank statements, possible additional guarantees, documented rental project with projections.

A specialized broker often negotiates more favorable conditions (0.5 to 1 point rate reduction). The investment in this support pays off quickly.

Financing and Off-Plan Purchase

The off-plan purchase (VEFA) requires a specific approach. Banks do not grant credit until the land title is established.

Alternative solution: developer installment over 12 to 24 months until title is obtained. Advantage: acquisition price 15 to 25% lower vs completed property. Then classic bank financing after obtaining land title.

This strategy allows acquisition at a reduced price while spreading the initial investment. Appreciation between signing and delivery significantly improves overall profitability.

Bank Negotiation Tips

Comparing at least three banking institutions generates favorable competition. Highlighting a high down payment (40 to 50%) reduces the rate by 0.5 to 1 point. Presenting a solid rental project with market study reassures banks.

Also negotiate file fees (10,000 to 30,000 MAD negotiable), borrower insurance (delegation possibility), and early repayment penalties.

Well-negotiated financing improves net profitability by 1 to 2 points, or 20 to 40% additional return over the total duration.

Tax Optimization for Investments

Rental Income Taxation

Rental income taxation directly impacts Marrakech real estate returns. Understanding available options allows legal optimization of your taxation.

Short-term rental (furnished tourist): Flat rate: 10% on gross revenue. No deduction of charges possible. Simplified calculation: Gross revenue x 10% = tax due. Advantage: administrative simplicity. Disadvantage: impossibility to deduct actual charges.

Long-term rental (unfurnished): Taxation according to progressive income tax scale. Possible deductions: management fees, maintenance work, insurance, local taxes. Effective rate: 15 to 38% depending on bracket.

For the majority of tourist rental investors, the 10% flat rate remains the most advantageous despite the absence of deductions. Administrative simplicity largely compensates.

Real Estate Profit Tax

Resale potentially generates a capital gains tax. Standard rate: 20% on net capital gain, or minimum 3% of sale price. Capital gain calculation: Sale price - Purchase price - Acquisition fees - Justified work.

Important exemptions: Primary residence occupied for more than 6 years: total exemption. Ownership through company: different corporate tax regime. Properties held for more than 6 years by individuals: progressive reduction.

Strategy: keep invoices of all work performed. They reduce the taxable base and significantly decrease the tax due.

Annual Local Taxes

Several local taxes apply annually to owners. Housing tax: 10 to 20% of cadastral rental value. Community services tax: 6 to 10% of rental value. Tax on undeveloped urban land if applicable.

Estimated total: 15,000 to 40,000 MAD/year depending on property type and location. These taxes remain moderate compared to European standards and have little impact on overall profitability.

Real Estate VAT

VAT mainly applies to new acquisitions from developers. Standard rate: 20% on sale price. Often included in the displayed price.

For professional investors (companies): VAT recoverable in certain cases if activity subject to VAT. Requires specialized tax advice for optimization.

Legal Structures and Profitability

Purchase in Personal Name

Purchase in personal name remains the simplest formula. Registration fees: 4% of price. Notary and conservation fees: 1.5 to 2%. Total acquisition fees: 5.5 to 6%.

Advantages: Maximum administrative simplicity. No annual structure costs. Direct management without intermediary. Simple and fast resale.

Disadvantages: No separation of personal/professional assets. Limited tax optimization. Potentially complex estate transmission.

This formula suits first-time investors or primary residence acquisitions with occasional rental income.

Acquisition via SARL

SARL (Limited Liability Company) becomes essential for professional investors seeking to optimize Marrakech real estate returns.

Major tax advantages: Corporate tax: 12.5% on profits up to 300,000 MAD, 20% beyond. Deduction of all actual charges: management fees, work, depreciation, loan interest. VAT recoverable on certain expenses. Property depreciation reducing taxable income.

Asset advantages: Liability limited to contributions. Separation of personal/professional assets. Facilitated transmission through share transfer. Possibility to accommodate multiple partners.

Structure costs: Incorporation: 10,000 to 20,000 MAD. Accountant: 30,000 to 60,000 MAD/year. Annual formalities: 5,000 to 10,000 MAD.

Comparative simulation villa 5,000,000 MAD, revenue 600,000 MAD/year:

In personal name: Net revenue: 600,000 MAD. 10% flat tax: 60,000 MAD. Net income after tax: 540,000 MAD.

Via SARL: Gross revenue: 600,000 MAD. Deductible charges (depreciation, actual costs): 200,000 MAD. Taxable profit: 400,000 MAD. Corporate tax (20%): 80,000 MAD. Net result: 320,000 MAD. Structure fees: 50,000 MAD. Available for distribution: 270,000 MAD.

Despite lower available income in SARL, this structure offers asset protection, facilitated transmission, and significant deductions on work and depreciation. For a portfolio of several properties, the advantage becomes decisive.

Co-ownership: Family Solution

Co-ownership allows acquisition by several parties (family, partners) sharing the investment. Each co-owner holds a quota of the property.

Advantages: Resource pooling. Simplicity at creation. Taxation proportional to each party's share.

Major disadvantages: Important decisions require unanimity. Risk of blocking in case of disagreement. Complex daily management. Heavy estate transmission.

Recommended solution: have a notary draft a co-ownership agreement defining management rules, decision-making majority, and exit procedures.

Structure Choice by Objective

Primary residence with occasional rental: personal name. First simple rental investment: personal name or co-ownership with agreement. Professional investment or multiple portfolio: SARL mandatory. Family project with prepared transmission: family SARL or SCI.

Short-Term Rental: New Regulations

2026 Classification Standards

Decree 985-24 of December 24, 2024 revolutionizes tourist rental operations. New standards impose high standards guaranteeing quality and safety.

Mandatory standards (100% compliance required): Functional online booking and payment. Strict cleanliness with verifiable protocols. Enhanced security (fire extinguishers, smoke detectors). Mandatory price display in dirhams. Accessibility for people with reduced mobility according to category.

Complementary standards (70% minimum): Additional services (concierge, welcome pack). Multilingualism (website, communication). Comfort equipment (air conditioning, high-performance wifi, quality bedding). Decoration and authenticity for riads and guesthouses.

Classification and Pricing

The classification system (1 to 5 stars/keys) directly impacts applicable rates. 5-star villa: 8,000 to 15,000 MAD/night. 4-star villa: 5,000 to 10,000 MAD/night. 3-star villa: 3,000 to 6,000 MAD/night.

Investment in compliance (50,000 to 200,000 MAD depending on property) pays off in 12 to 24 months through rate increase and improved occupancy rate.

Operating License

Regular rental operation (more than 60 days/year) requires a tourist license. Obtaining cost: 5,000 to 15,000 MAD. Annual renewal: 2,000 to 5,000 MAD. Prior Ministry of Tourism inspection mandatory.

License advantages: Complete legal compliance. Access to professional platforms. Justified premium rates. Legal protection in case of dispute.

Non-compliant owners risk fines and operation blocking. Regularization becomes a priority to secure Marrakech real estate returns.

Booking Platforms

Platforms generate 70 to 90% of bookings for short-term rentals. Main platforms: Airbnb (15-18% commission), Booking (15-20% commission), VRBO/Abritel (8-12% commission).

Multi-platform strategy: Presence on 2-3 platforms maximizes visibility. Professional photos increase conversion rate by 40%. Detailed and multilingual description essential. Excellent guest reviews (>4.7/5) multiply bookings.

A synchronized calendar between platforms avoids double booking. Professional management tools (channel managers) automate this synchronization.

Risks and Solutions

Legal Risk: VNA and Compliance

The main legal risk concerns Non-Agricultural Vocation (VNA) for foreign investors. A property without validated VNA cannot be legally sold to a foreigner.

Solutions: Verify existence of written and registered VNA before any commitment. Confirmation with CRI (Regional Investment Center). Validation by notary specialized in foreign investments. Consult our complete VNA guide for details.

Never buy without confirmed VNA. Subsequent regularization procedures cost 50,000 to 200,000 MAD and take 6 to 12 months minimum.

Off-Plan Purchase Risk

Off-plan purchase (VEFA) involves specific risks in Morocco. Frequent delivery delays. Possible construction defects. Developer in financial difficulty. No land title during construction.

Solutions: Verify developer reputation and financial strength. Never pay significant deposits to personal account. Require escrow account if possible. Regularly follow work progress with photos and visits. Have contract reviewed by specialized lawyer.

Read our detailed article on off-plan villa purchase vs resale.

Rental Vacancy Risk

Insufficient occupancy rate directly impacts profitability. Marked seasonality in Marrakech. Increased competition in certain segments. Unpredictable events (health, geopolitical).

Solutions: Seasonal diversification: also target low-season clientele (remote workers, retirees). Dynamic pricing adapted to demand. Differentiating services (concierge, local experiences). Multi-platform presence maximizing visibility. Professional management optimizing occupancy rate.

A professional manager generally improves occupancy rate by 20 to 35% compared to self-management.

Exchange Risk

For foreign investors, MAD/origin currency fluctuations impact real profitability. A weakening of the MAD reduces income in euros or dollars.

Solutions: Multi-currency asset diversification. Borrowing in MAD if income in MAD (natural hedging). Strategy of periodic income repatriation. Acceptance that exchange exposure is part of international investment.

Historically, the MAD remains relatively stable with annual variation of 2 to 5% vs euro, moderate risk compared to overall profitability of 10 to 15%.

Maintenance and Damage Risk

Short-term rental generates accelerated wear. High tenant turnover. Occasional damage. Minor thefts or losses.

Solutions: Systematic security deposit (2,000 to 5,000 MAD). Comprehensive landlord insurance. Rigorous check-in/check-out with photos. Preventive maintenance budget 2-3% property value annually. Robust equipment adapted to intensive use.

Well-managed properties with preventive maintenance preserve their value and maintain long-term rental attractiveness.

Practical Advice for Investors

Choosing the Right Property

Property selection determines 70% of the success of Marrakech real estate returns. Essential criteria: Premium or rapidly developing location. General condition requiring minimal work. Attractive view (Atlas, garden, pool). Proximity to tourist attractions or amenities. 5-10 year appreciation potential.

Optimal first investment budget: 2,500,000 to 6,000,000 MAD. This amount offers sufficient choice of quality properties without immobilizing excessive capital. Allows subsequent portfolio diversification.

Complete Due Diligence

Essential legal verifications before signing: Land title without charges or mortgages. Confirmed VNA if foreign buyer. Building permit and urban planning compliance. Certificate of conformity if available. Up-to-date tax situation (local taxes paid).

Recommended technical verifications: Structure and foundation inspection. Electrical and plumbing installation condition. Pool system and water treatment. Insulation and waterproofing. Assessment of necessary work with quotes.

Investing 10,000 to 30,000 MAD in professional due diligence avoids problems often costing 10 times more later.

Complete Budget to Anticipate

Acquisition price: negotiated amount. Notary and registration fees: 10% of price. Refreshment work: 5-10% of price. Complete furnishing: 200,000 to 500,000 MAD depending on standing. Equipment (appliances, bedding, decoration): 100,000 to 300,000 MAD. Initial working capital: 3-6 months fixed charges.

Example villa 4,000,000 MAD: Villa price: 4,000,000 MAD. Acquisition fees: 400,000 MAD. Work: 300,000 MAD. Furnishing: 350,000 MAD. Working capital: 100,000 MAD. Total budget: 5,150,000 MAD.

Plan 25 to 30% beyond purchase price for realistic complete budget.

Building the Winning Team

The professional team determines operational success. Specialized real estate agent: market knowledge and exclusive properties. Notary experienced in international investors: legal security. Architect/project manager if work: renovation supervision. Professional rental manager: revenue optimization. Accountant if company structure: tax optimization.

At Celestia Invest, we coordinate all these stakeholders to simplify your investment and maximize your profitability.

Continuous Optimization

Profitability improves through constant optimization. Monthly analysis of occupancy rate and revenue. Rate adjustment according to seasonality and competition. Continuous improvement of equipment and services. Active monitoring of guest reviews and corrective actions. Market watch and strategy adaptation.

High-performing owners reassess their strategy quarterly and adjust quickly. This agility generates 20 to 40% additional revenue vs passive management.

Long-Term Vision

Real estate investment in Marrakech requires thinking over 8-15 years minimum. Rental income year 1-3: 7-10% profitability with ramp-up. Years 4-8: stabilization 10-14% with management optimization. Years 8-15: cumulative asset appreciation 40-80%.

The combination of rental income + asset appreciation generates an overall return of 12 to 18% annually, exceptional performance for physical real estate investment.

Conclusion: Investing Wisely in Marrakech in 2026

The Marrakech real estate returns remain among the most attractive in the Mediterranean basin in 2026. Net returns of 7 to 15% depending on property type and strategy far exceed European standards.

Success factors are clearly identified: rigorous property and location selection, complete legal due diligence including VNA, optimized financing with leverage, legal structure adapted to your objectives, professional management maximizing occupancy rate, compliance with new tourism standards, long-term vision combining rental and appreciation.

The Moroccan market offers exceptional opportunities for prepared and accompanied investors. Professionalization of the rental sector through new standards raises standards and justifies premium rates.

Recommended first investment budget: 3,000,000 to 6,000,000 MAD all included. This amount offers access to quality properties in sought-after neighborhoods with optimal profitability potential.

Risks exist but remain manageable with expert support. VNA verification, serious developer choice for VEFA, short and long-term rental diversification, regular preventive maintenance constitute the pillars of security.

At Celestia Invest, we support each investor in building profitable and secure assets in Marrakech. Selection of high-potential properties, exhaustive legal verifications, financial and tax optimization, connection with professional managers, personalized post-acquisition follow-up are part of our commitment.

Discover our selection of high-yield properties and let's build together your asset strategy in the Moroccan market.

Frequently Asked Questions

What is the average profitability of a rental investment in Marrakech?

Average net profitability varies from 7 to 15% depending on property type and strategy. Villas in short-term rental generate 10 to 15%, city center apartments 7 to 10%, and Medina riads 12 to 18%. These returns include all operating costs.

Can I get a mortgage as a foreigner?

Yes, foreigners can get a loan with minimum down payment of 30 to 50%, maximum duration 10 years and rate of 6 to 8%. MREs benefit from better conditions: 10 to 20% down payment, duration up to 20 years, rate 5.5 to 6.5%. Consult our real estate investment guide in Morocco.

What is the taxation on rental income?

Furnished tourist rental is taxed at 10% on gross revenue without possible deduction. This is the simplest regime and often the most advantageous for short-term rental. Long-term rental follows the progressive income tax scale with possible deductions.

Should I create a company to invest?

SARL becomes interesting for professional investment or multiple portfolio. It offers asset protection, tax optimization through deductions and depreciation, and facilitated transmission. For a first simple investment, purchase in personal name is sufficient.

How to legally secure my investment?

Mandatory verification: confirmed VNA existence by CRI if foreign buyer, land title without charges, building permit and compliance, up-to-date tax situation. Be accompanied by notary specialized in international investments. Consult our article on becoming an owner in Morocco as a foreigner.

What total budget to anticipate?

Plan 25 to 30% beyond purchase price: 10% notary and registration fees, 5-10% refreshment work, 10-15% furnishing and equipment, 3-6 months of charges in working capital. For a villa at 4,000,000 MAD, realistic total budget: 5,150,000 MAD.

What are the most profitable neighborhoods?

Palmeraie offers 10 to 14% net with high-end clientele. Medina generates 12 to 18% with authentic riads. Gueliz and Hivernage give 7 to 10% with simplified management. Route de l'Ourika offers 6 to 8% with strong asset appreciation. Explore our properties by location.

Is professional management profitable?

Yes, despite a commission of 15 to 25%, professional management generally generates 30 to 50% additional revenue through rate optimization, occupancy rate maximization, and cost control. The return on investment remains largely positive.

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© 2026 - Complete guide updated January 2026