Tanjah Beach and Golf Resort, Tangiers
Tangiers – Tanjah Beach and Golf Resort
Situated in an exclusive location, the Tanjah Beach & Golf Resort is 17km south of Tangier. The resort is a 10 minute drive from the Tangier’s new international airport, and the new motorway from Tangier to Rabat, completed in 2005, has it’s own exit specifically for the Tanjah development.
The resort area is one of outstanding natural beauty and has one of the most stunning beaches in Morocco, with breathtaking views of the Atlantic Ocean and extends for some 43 km of gently shoaling white sand dunes. A perfect climate is experienced 12 months of the year due to its position between the Atlantic and Mediterranean, resulting in no real extremes of temperature.
The Tanjah development offers a selection of prestigious 2 bedroom apartments, 3 bedroom penthouses and 3 bedroom villas. The build is of a 'New Era' style (low rise, low density), with each property built to a very high quality specification. Regardless of the location on the development each apartment benefits from a spectacular view, with local swimming pools and easy access to a multitude of leisure facilities.The south of this prestigious development is bordered by the King of Morocco's private land where his summer palace is situated, making it a very exclusive and desirable location. The resort is scheduled for completion in April 2011
The resort includes the following features:
• In excess of 3000 2 & 3 bed apartments and penthouses
• 107 villas
• 20 apart‐hotels
• Luxury Hotel
• Serviced laundry facilities
• Chef service and maid service
• 18 hole golf course, with practice and lesson facilities
• Four Beach Clubs, with access to water sports facilities
• Children’s club and playgrounds
• Indoor luxury spa & fitness centre
• Themed water park
• Sports centre
• Communal swimming pools
• Tennis/paddle courts
• Restaurants offering Moroccan, Mediterranean and International
cuisine
• Beach front Nightclubs (that extend to the beach during summer
months)
• Open‐air amphitheatre & cinema
• Traditional souk market in main piazza, which will allow local traders
to exhibit & sell
• Commercial district, which will include: supermarkets, tourist shop,
hairdressing salons, and fashion boutiques
• Medical centre
• Business facilities including Internet café, meeting rooms, and various
services such as a regular chauffeur car service to the beach and the
town.
• Car rental & transfer office
• Entire resort gated, with 24‐hour/365 day security at all entrance
points (north, south, east & west gates)
The apartments, penthouses and villas will feature:
• Hot/cold air conditioning units
• Fully fitted Kitchens
• Granite work surfaces.
• Rustic floor tiles
• Marble wall tiles
• Fitted wardrobes
• Wooden shutters or aluminum blinds
• Heat reflective glass throughout
• Phone, Satellite & Internet connectivity
• Storage area for owners
• Terrace, balcony or garden depending on selection
• Underground car park space
• Safes in all units
Summary:
The quality of the developments and Morocco as one of the most exciting emerging markets in the world.
The low acquisition costs - Only 25% deposit required before completion.
The mortgage package - Up to 70% Loan to Value available.
The rental programmes - One of which can guarantee for up to 10 years 8% of the property value.
Prices (based on current availability):
2 Bedroom Apartments start from €156,639
2 Bedroom Penthouses start from €232,799
3 Bedroom Penthouses start from €237,893
Why Morocco?
Morocco is an ancient yet progressive country with a rich culture and history. It is blessed with beautiful beaches and breathtaking scenery, and has a warm temperature climate with 330 days of sunshine a year, and is the closest true winter sun destination to the UK (three hour flight).
In 2002 the King of Morocco put in place the ”King’s vision 2010”. Two of the primary aims of this vision were significantly improve the infrastructure of the country and increase tourist numbers from 2 million to 10 million per year. So far there has been 20 billion Euros of outside investment that will be used on various major infrastructure projects, and 8 billion Euros worth of developments being built. Tourist numbers are currently up to approximately 8 million per year. These visitors create a huge demand for services and accommodation (especially resort accommodation). It’s an exciting time in Morocco’s history, it has great potential and now is a fantastic time to get involved from a development and investment point of view.
Key facts about Morocco and its continued development:
• Stable monarchy.
Ensuring a safe long term investment
• Open sky agreements: Ryan Air, Easy Jet, Royal Air Maroc, Atlas Blue,
BMI, and Thomson Airlines have regular flights into Morocco, both to
Tangier and Marrakech.
Ensuring low cost flights and more frequent usage
• Property prices up to 50% less than comparable resorts worldwide.
More value for your investment
• Property price growth experienced of 15‐25% p.a. over the last 4
years.
As an emerging market, achieving real capital growth
• Lower cost of living than European neighbouring countries.
More attractive to long term investors and tourists
• Growth of Morocco reflected in stock exchange, where real estate
index registered the highest growth, four times that of 2005 (Oxford
Business Group)
A real market growing to attract additional investors for a realistic
growth of investment
• In June 2006, the government sold €500m in bonds on international
markets. These 10‐year maturity bonds, attracting investor from
Europe, the US and the Middle East were oversubscribed by more
than three times. (Oxford Business Group)
Indicative of a very desirable market and product
• Telecoms & IT: Roll out of 3G service (first in North Africa), Internet
take‐up rates: 50k in 2003, 450k in 2007. (Oxford Business Group)
Indicative of an expanding domestic and industrial base
Tax Incentives
• No Property or Garbage Tax applicable for first 5 years
Equivalent of UK rates
• No Rental Income Tax applicable for first 3 years
Good for a base rate tax payer but a significant plus for a higher rate
tax payer
• No Capital Gains tax applicable after 10 years (20% applicable 0 to 5
years, 10% applicable 6‐10 years, over 10 tax exempt) in Morocco
A real achievement of capital growth which the investor gets to keep
• No Inheritance Tax applicable on any Moroccan property (with a
Moroccan will)
• Double Taxation Agreement with UK.
Tax planning within the UK will be required for worldwide assets
N.B. Actual taxation advice should always be taken from a Tax Advisor
Disclaimer: Property details, prices and availability are supplied by the developer or the agent and are subject to change. findaplaceoverseas.com cannot be held responsible for any inaccuracies. Contact Us now on +44 (0) 1638 564305 for a brochure and full details or click here