The favorite place to invest in holiday homes and holiday villas Morocco’s resort Oukaimeden will now grow into an even more desirable destination, as there are plans to build a new golf and ski resort.
Having already committed substantial investment to the Moroccan real estate market the world’s largest and unarguably most innovative property development company Emaar Properties PJSC have announced plans to build the very first golf and ski resort in Morocco in a week when Morocco hit the headlines as being one of the most exciting emerging property investment hotspots today. The announcement from UAE based Emaar was made this week when the company signed a Memorandum of Understanding with the King of Morocco and further highlights the massive wealth of opportunity that is coming into existence for property investors in Morocco.
American based property development company have recently committed USD 1.1 billion to Morocco for property development projects.  It seems that we are not alone in considering the investment potential in Morocco to be ripe because the commitment of Emaar Properties to a marketplace can definitely be taken as a benchmark for a location’s potential.
Emaar’s new ski and golf property development will be called Oukaimeden and located close to the resort of the same name.  The name means ‘the valley of four winds’ and has been chosen by Emaar to symbolise the fact that the development will be a recreational destination for all four seasons.  To be situated in the Atlas Mountains (pictured) Oukaimeden will combine recreation, entertainment, relaxation and real estate residences in inimitable Emaar style and be the very first ski and golfing resort in the Middle East and Africa.
The development will feature a range of commercial property ventures from retail, office and entertainment space as well as 2,000 hotel rooms, with a range of residential real estate options for investors and home seekers.  The design of the development has been inspired by the traditional Berber design with which the Atlas Mountain region of Morocco is synonymous.  The range of recreational pursuits available to the resort’s residents and guests will be broad with the absolute emphasis on Oukaimeden being a year round hub of entertainment and activity.
If an investor remains in any doubt about the investment opportunity presented by property in Morocco they should understand that the commitment to the Moroccan real estate sector made by Emaar Properties is AED 25.3 billion to date.  The Memorandum of Understanding which they signed with the King of Morocco this week and which featured the Oukaimeden development also featured two other luxury development projects, furthermore Emaar have already committed to three other world class property developments in Morocco.  As the world leader in creating luxurious, innovative, creative, visionary and ultimately highly desirable property projects, Emaar’s commitment to a country can be considered an excellent gauge for that country’s investment property market potential.