Marrakech guide
Investing in property in Marrakech in 2026
A tourist and residential city: medina, Guéliz, Hivernage, then estates and golf resorts on the outskirts. A large share of second homes and holiday-rental investment. Where to invest in Marrakech, with what budget and which rental strategy? Benchmarks area by area.
Why invest in Marrakech
Lively but demanding holiday-rental market (management, rules on furnished tourist rentals). Budget for pool and garden upkeep with villas.
Official trend (IPAI Bank Al-Maghrib / ANCFCC, Q2 2026) in Marrakech: apartment prices +0.7% over one quarter, apartment sales +13.1%.
Where to invest in Marrakech
| Neighbourhood | Price per m² (new) | 1-bedroom (≈ 65 m²) |
|---|---|---|
| M’hamid · Massira · Azli | 6,500 – 9,500 MAD/m² | MAD 420,000 – MAD 620,000 |
| Hivernage · Guéliz | 14,000 – 24,000 MAD/m² | MAD 910,000 – MAD 1,560,000 |
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.
Which rental strategy?
Small, well-located units (studio, 1-bedroom) rent and resell fastest: in Marrakech, a new 1-bedroom costs MAD 520,000 – MAD 1,040,000.
Long-term letting for steady income, furnished or seasonal letting where tourist demand exists (licence to check). Yield is never guaranteed: it depends on location, vacancy, charges and tax.
Tax: rental income taxed at 10 to 15% of gross rents; capital gains on resale taxed at 20% (minimum 3% of the price). To confirm with a notary or tax adviser.
Financing a 1-bedroom at the Marrakech average price
| Price | MAD 780,000 |
| 20% down payment | MAD 160,000 |
| Purchase costs (≈ 7%) | MAD 50,000 |
| Cash needed (down payment + costs) | MAD 210,000 |
| Loan amount | MAD 620,000 |
| Monthly payment, 20 years (4.5%) | MAD 3,900 |
| Monthly payment, 25 years | MAD 3,400 |
| Recommended net income (25 years) | MAD 8,500 |
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.
More guides on Marrakech
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Frequently asked questions
Where to invest in Marrakech?
Areas with strong rental demand are M’hamid · Massira · Azli, Hivernage · Guéliz. Lively but demanding holiday-rental market (management, rules on furnished tourist rentals). Budget for pool and garden upkeep with villas.
What budget to invest in Marrakech?
Expect MAD 260,000 – MAD 380,000 for a studio in the most affordable area (M’hamid · Massira · Azli), and on average MAD 780,000 for a 1-bedroom.
A project in Marrakech?
Describe your project: an ABRAJ advisor shortlists the new developments that fit your budget, free and with no commitment.
Last updated: 2026-10-20