From £73,913 1 bedroom apartment for sale Oriental, Saïdia

Blue Pearl Property

Peace of mind - 8% Rental Guarantee

Each apartment sold in the Blue Pearl Golf Resort comes with a guaranteed eight percent rental return for the first three years of ownership. Although Saidia officially opens in June 2009 and we expect completion of Blue Pearl Golf Resort to be in the first quarter 2011 we recognise that a new destination such as Saidia may take time to build successfully.

The rental guarantee is designed to ensure that all owners can gauge their estimated returns as accurately as possible over the first few years of ownership. The security of a guaranteed return will allow owners time to plan their rental strategy and identify a future strategy to maximise returns.

In today’s market a guaranteed return of 8% is better than you can expect to receive on many traditional investments such as ISAs and savings accounts and don’t forget that on top of this eight percent rental return you can also expect the value of your property to rise between 10% and 15% per annum. Making Blue Pearl Golf Resort one of the most sensible investments around today.

How it works

The rental guaranteed is available to all owners on Blue Pearl Golf Resort as is calculated based on the net price (less tax) of the apartment purchased.

When purchasing a property in Morocco you will need to open a Moroccan Bank account in order to easily make payments such as notary charges and stamp duty. This is a simple and straightforward procedure which your solicitor will perform as part of their duties to you in the run up to completion. The returns will then be paid on a quarterly basis to the client’s Moroccan Bank account.

If you prefer you can decide not to take up the option of a rental guarantee and embark on a rental strategy of your own but please be aware that you will need to inform us prior to the signing of contracts. (Please note however that we do not offer any cash/discount alternatives for clients who do not wish to take up the opportunity.)

After three years of ownership you will have ascertained a good picture of the rental market in Saidia and be able to tell which rental agencies perform to the standard you require. Owners are then free to make their own arrangements after this time — alternatively the community of owners may decide to make a similar deal with another rental agency to guarantee future receipts for the owners.

Current estimates of the future rental market in Saidia are difficult to calculate but many of the blue chip hospitality companies in Saidia estimate that returns of between 8-14% are entirely achievable.


Blue Pearl Golf Resort — A rewarding investment

The Blue Pearl Golf Resort has been in planning for the last two years and we believe that the project offers owners everything that they could wish for from an overseas investment.

Saidia is an opportunity like no other - and here’s why:

Superb Saidia : As part of Mediterrania Saidia Blue Pearl Golf Resort will be an integral part of the Mediterranean’s next most exciting destination. Although it is relatively unknown in Northern European tourism markets at present there is an extensive marketing programme back by household names such as Radisson Resorts and the David Lloyd Tennis Academy as well as the Moroccan government. This will mean that in a couple of years time there’s no doubt that Saidia will be a destination known throughout the world.

When completed it is estimated that Saidia will receive over 500,000 visitors a year and the access links (extra runway at Oujda airport and a dedicated motorway link) and civil infrastructure (sewage, water etc..) has been put in place to cope with this demand.

Plan Azur : Blue Pearl Golf Resort is part of the Moroccan government’s flagship Plan Azur project which aims to create world class tourism infrastructure to exploit the undoubted potential of Morocco as a premier destination for tourists from around the world. As an owner in Blue Pearl Golf Resort you will benefit from the expenditure by the Moroccan government creating the resort which includes the 1,000 berth marina, the golf courses and the commercial and sports facilities — all of which add value to your property without you contributing!

Furthermore the Plan Azur scheme contains a 15 year no build guarantee which means that your investment is locked in and no opportunistic overspill development can occur around the fringes of the resort can take place. This is designed to create demand and protect prices as in the future demand will outstrip supply.

Bright Economic Forecast : The Moroccan economy has proved one of the world’s most resilient economies even in the face of the current global economic downturn. Indeed the head of the World Bank in Morocco, Frances Clottes recently predicted that the economy would suffer only marginally and another respected expert, Dominique Gautier, a partner in the Munich-based Roland Berger Strategy Consultant stated to the Financial Times of London that the Moroccan market remains the most interesting in North Africa.

Buying Off Plan : Buying off plan still remains a sensible option as you benefit from the capital growth of the property during construction — estimated at 15% per annum in Saidia.

Buy In Advance Of Air Routes Opening : With an estimated 500,000 visitors a year Saidia is obviously attracting the interest of airlines keen to profit from this new route. Negotiations are still underway with many global operators and we expect that as the resort nears completion flights will be announced by many leading operators. Studies have shown that buying in advance of an air route opening can have an uplift of up to 40% on property prices. (Source: Savills/Holiday Rentals 2008)

Golf Property : Property facing onto golf courses has long been favoured as a rewarding option by savvy investors in property. This is because studies have shown that “frontline” golf property not only increases in value faster than non-golf property but is also quicker and easier to sell. (Source: Longitudes Group)

When considered together these factors show why investors from around the world, including blue chip corporations and sophisticated private individuals, see the exciting future in store for Saidia.

Mortgages in Morocco

As a non-exchangeable currency the Moroccan Dirham cannot be freely traded on the international markets. This means that money supply and credit is very tightly controlled within the country but the good news for today’s Moroccan property buyer is that mortgages are still freely available from

Moroccan Banks.

The mortgage market in Morocco is relatively unsophisticated compared to more complex economies and mortgages are only available on a Loan to Value basis over a maximum of a 25 year term. However they are straightforward to apply for and we can recommend a broker who will secure the best deal available in the market. At the moment we are seeing rates from 4.75% to 5.25% depending on location and personal circumstances.

Overseas purchasers can obtain up to 70% of the purchase price via a mortgage whilst Moroccan national can achieve up to 100% finance.

Contrary to popular misconception all monies and profits made from property investment in
Morocco can be repatriated to your home country or offshore. In order to do this you will need to open a Convertible Dirham account that allows you to pay in Dirhams and transfer out in another currency. All movements must be registered with the Office of Exchange in Morocco — which your solicitor will arrange — in order to minimise your tax liabilities.

If you would like more information on mortgages in Morocco please contact us.

Please note that there is a double taxation treaty between Morocco and many countries, including most EU members as well as Dubai and the UAE.

Buying through a company

If you are considering purchasing multiple units in Morocco it may be tax efficient for you to establish a Moroccan company. If you would like more information please contact us.



Blue Pearl Viewing Visits — From only £99*

Once you’ve read the literature and studied the website the next step to ensuring the perfect property purchase is to visit the site and see the incredible resort of Saidia and the Blue Pearl Golf Resort for yourself.

We can arrange every aspect of your trip and will ensure that you are accompanied at all times by one of our expert property advisors who will be able to answer every question and will show you honestly and openly every aspect of the project and its lifestyle and investment potential.
There are a range of options available for potential purchasers designed to suit either today’s busy lives or allow you more time to explore and research the resort. Your agent will be able to advise you of what’s available and what best suits your requirements and we will always endeavour to make you trip as easy and enjoyable as possible.

What’s more if you visit the resort and decide to purchase we will refund all monies for the trip back to you in excess of £99.


Blue Pearl Property

One Bedrooms Prices from 85,000 euro
Two Bedrooms Apartments and Penthouses Prices from 125,000 euro
Three Bedrooms Luxury on the golf course Prices from 175,000 euro


Saidia to be open in June 2009


Blue Pearl Golf Resort — How to achieve a 200+% return

In a time of uncertainty in the developed markets it is the sensible investor that looks to stable emerging markets in order to sustain a solid portfolio of investment properties. Currently Morocco is a beacon in the financial gloom that is attracting some of the biggest developers and investors from around the globe.

The following information gives an example of a mid priced 2 bedroom 2 bathroom property within this superb development. All of the properties enjoy a frontline golf perspective with golf views, fully furnished and a guaranteed rental income for a 3 year period.


Please note that a full detailed personalised investment breakdown is available for every apartment in the Blue Pearl Golf Resort which your broker will be happy to supply.


Property Description

Sales Price: 121,485.66€ (Inclusive of local taxes)

Reservation fee: 3000€

Private Purchase Contract 30%: 33,445.70€

Mortgage 70%: 85,039.96€

Projections and guaranteed returns

Guaranteed annual rental income: 8099.04€

Annual mortgage payments: 7041.31€ (Based on a 5.25% rate)

The following property price increases are based on a initial first year increase of 15% due to the opportunity of early discounts, from this point onwards the capital growth is featured at a conservative 10% PA. The profit projection takes into account all annual running costs and sales costs involved in the resale of your property.


Capital Growth Projection

Year Property value Profit Profit %

1 139708.51 7872.27 20.9%
2 153679.36 18378.35 48.8%

Completion

3 169047.30 29935.04 65.3%
4 185952.03 42647.40 93.0%
5 204547.23 56630.99 123.6%
6 225001.96 72012.94 157.1%
7 247502.15 100049.7 218.3%