Buying in Marrakech
Buy an apartment in Marrakech
New apartments in Marrakech are priced on average at 8,000 – 16,000 MAD/m². Here is what your budget buys, neighbourhood by neighbourhood, with mortgage payments and purchase costs.
Indicative ranges observed for new builds (2025-2026), varying with the residence, floor, view and developer. To be confirmed case by case.
Official Bank Al-Maghrib / ANCFCC index (Q2 2026) in Marrakech: apartment prices +0.7% over the quarter, sales +13.1%.
Apartment prices in Marrakech by size
| Studio (≈ 40 m²) | MAD 320,000 – MAD 640,000 |
| 1-bedroom (≈ 65 m²) | MAD 520,000 – MAD 1,040,000 |
| 2-bedroom (≈ 95 m²) | MAD 760,000 – MAD 1,520,000 |
| 3-bedroom (≈ 130 m²) | MAD 1,040,000 – MAD 2,080,000 |
Which neighbourhood to buy in Marrakech?
| M’hamid · Massira · Azli Entry prices, main home or small rental. | 6,500 – 9,500 MAD/m² |
| Agdal (Marrakech) · Route de Fès | 8,000 – 13,000 MAD/m² |
| Targa · Route de Casablanca Family residential area, private schools nearby. | 8,500 – 13,000 MAD/m² |
| Route de l’Ourika · Amelkis · Prestigia Golf estates and gated residences, 15-25 min from the centre. | 10,000 – 18,000 MAD/m² |
| Hivernage · Guéliz The modern heart, hotels and restaurants, strong seasonal demand. | 14,000 – 24,000 MAD/m² |
| Palmeraie Villas with garden and pool, large plots, upkeep to plan for. | 12,000 – 28,000 MAD/m² |
Which part of Marrakech for your project
- Families and schools : Targa · Route de Casablanca (8,500 – 13,000 MAD/m²)
- Buy-to-let : M’hamid · Massira · Azli (6,500 – 9,500 MAD/m²)
- Tight budget : M’hamid · Massira · Azli (6,500 – 9,500 MAD/m²)
- Upscale : Palmeraie (12,000 – 28,000 MAD/m²)
Financing example in Marrakech
| Price (≈ 95 m²) | MAD 1,140,000 |
| 20% down payment | MAD 230,000 |
| Loan amount | MAD 910,000 |
| Monthly payment, 20 years (4.5%) | MAD 5,800 |
| Monthly payment, 25 years | MAD 5,100 |
| Recommended net income (25 years) | MAD 12,800 |
| Purchase costs (≈ 7%) | MAD 80,000 |
Excluding insurance, indicative fixed rate. Banks usually cap repayments at 40% of net income.
To live in
Think about summer heat (orientation, shaded outdoor space) and distances: the calm of the estates comes with driving time.
Schools : Lycée Victor Hugo, private and international schools (Targa, Route de l’Ourika, Guéliz).
To invest
Lively but demanding holiday-rental market (management, rules on furnished tourist rentals). Budget for pool and garden upkeep with villas.
Getting around : Marrakech-Menara airport with many European routes, motorways to Casablanca and Agadir.
How the purchase works
- Set the total budget: price + about 7% costs, then check your borrowing capacity.
- Choose the neighbourhood by commute, schools or rental yield.
- Check the land title, the building permit and, off-plan, the VEFA contract and completion guarantee.
- Sign the preliminary contract, get the loan offer, then the deed at the notary and registration at the land registry.
Frequently asked questions
What budget for an apartment in Marrakech?
For a new 1-bedroom of about 65 m² in Marrakech, expect MAD 520,000 to MAD 1,040,000 depending on the area, floor and building.
What is the price per m² in Marrakech?
On average 8,000 – 16,000 MAD/m² for new builds. M’hamid · Massira · Azli is among the most affordable areas, Palmeraie among the most expensive.
What monthly payment to buy in Marrakech?
For a MAD 1,140,000 home with 20% down, the payment is about MAD 5,100 over 25 years or MAD 5,800 over 20 years at 4.5%, excluding insurance.
What costs on top of the price?
About 7% of the price for a new build: 4% registration duty, 1.5% land registry, notary and sundries. For MAD 1,140,000, plan around MAD 80,000.
Can a foreigner or a Moroccan abroad buy in Marrakech?
Yes. Moroccans living abroad often finance up to 70-80% of the price with Moroccan banks; foreigners can buy a home with a land title, paying through a convertible dirham account.
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