Marrakech
What can you buy with MAD 1.5 million in Marrakech?
With a budget of MAD 1.5 million in Marrakech, you can aim for about 55 to 230 m² in a new build, depending on the neighbourhood (before purchase costs). M’hamid · Massira · Azli is where this budget goes furthest.
Size you can buy by neighbourhood in Marrakech
| Neighbourhood | Size you can buy | Home type |
|---|---|---|
| M’hamid · Massira · Azli | 160 – 230 m² | large 3-bedroom or villa |
| Agdal (Marrakech) · Route de Fès | 115 – 190 m² | 3-bedroom |
| Targa · Route de Casablanca | 115 – 175 m² | 3-bedroom |
| Route de l’Ourika · Amelkis · Prestigia | 85 – 150 m² | 2-bedroom |
| Hivernage · Guéliz | 65 – 105 m² | 2-bedroom |
| Palmeraie | 55 – 125 m² | 1-bedroom |
Size = budget ÷ price per m² (top then bottom of the area’s range). Home type estimated on the average size. Indicative 2025-2026 new-build benchmarks tracked by ABRAJ (price per m² by neighbourhood), before purchase costs. ABRAJ publishes no listings: an advisor searches for the matching property.
Financing MAD 1.5 million: down payment, monthly payment, income
| Price | MAD 1,500,000 |
| 20% down payment | MAD 300,000 |
| Purchase costs (≈ 7%) | MAD 100,000 |
| Cash needed (down payment + costs) | MAD 400,000 |
| Loan amount | MAD 1,200,000 |
| Monthly payment, 20 years (4.5%) | MAD 7,600 |
| Monthly payment, 25 years | MAD 6,700 |
| Recommended net income (25 years) | MAD 16,800 |
Excluding insurance, indicative 2026 fixed rate. Banks usually cap repayments at 40% of net income. Prices based on new-build benchmarks, to be confirmed property by property.
Our reading of this budget in Marrakech
A 2-bedroom apartment (≈ 95 m²) is within reach in M’hamid · Massira · Azli, Agdal (Marrakech) · Route de Fès, Targa · Route de Casablanca, Route de l’Ourika · Amelkis · Prestigia.
The most sought-after areas (Palmeraie) offer about 75 m² for this budget: a choice of location over size.
Add about 7% in purchase costs (MAD 100,000): registration duties, land registry, notary.
The same budget in other cities
| City | Average size | Home type |
|---|---|---|
| Oujda | 240 m² | large 3-bedroom or villa |
| Meknes | 220 m² | large 3-bedroom or villa |
| Fez | 195 m² | large 3-bedroom or villa |
| Kenitra | 175 m² | 3-bedroom |
| Tetouan | 160 m² | 3-bedroom |
| El Jadida | 160 m² | 3-bedroom |
| Agadir | 150 m² | 3-bedroom |
| Tangier | 140 m² | 3-bedroom |
| Mohammedia | 135 m² | 3-bedroom |
| Casablanca | 120 m² | 3-bedroom |
| Essaouira | 120 m² | 3-bedroom |
| Rabat | 110 m² | 2-bedroom |
Other budgets in Marrakech
Frequently asked questions
What can you buy with MAD 1.5 million in Marrakech?
About 55 to 230 m² in a new build depending on the area, typically a 3-bedroom. M’hamid · Massira · Azli is where this budget goes furthest.
What salary to buy a MAD 1.5 million property?
With 20% down and a 25-year loan, the monthly payment is about MAD 6,700: a net income of about MAD 16,800 a month is recommended.
What down payment for MAD 1.5 million?
Banks often ask for 10 to 20% down plus purchase costs: plan about MAD 400,000 in cash (20% + costs).
What costs on top of MAD 1.5 million?
About MAD 100,000 for a new build: registration duties 4%, land registry 1.5%, notary about 1% + VAT.
Your project in Marrakech with MAD 1.5 million?
Describe your project: an ABRAJ advisor shortlists the new developments that fit your budget, free and with no commitment.
Last updated: 2026-10-20