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The Al Houara Resort with a full range of properties available - Tangier - Morocco

Every so often a new development comes along that matches the superlatives that often colour the language of estate agency; words such as stunning, incredible and unbeatable. In this case, the Al Houara Resort deserves such accolades, and much more.

The Developer
The Location
Situated on the magnificent stretch of coast that runs from Tangier to Asilah, the Al Houara Resort is certain to attract the most exclusive visitors to this privileged location. The project’s attractive design reflects the best of Moroccan architecture combined with a specification that incorporates all the comforts of 21st century living.

Investors should also note that we expect a major uplift in value when Tangier International Airport opens to more direct flights from the UK. A recent study estimated this capital uplift at around 30% for developments within 10 minutes travel time of an international airport.

Availability
There is a full range of properties available, from entry level one bedroom apartments through to luxurious six bedroom beach front palaces spread across the impressive 234 hectare site. (This equates to a build density of just 20% which is amongst the lowest in Morocco.)

Phase One – Beach: 52 beach villas, six beach palaces, 310 apartments

Villas
Four types are available. Priced between €2 and €3.5 million

Sizes: 500 – 735m2 (habitable) on large 2,000 - 3,500m2 plots with double garages

Palaces
€8.800.000 and upwards

Sizes: 1,774m2 on plots of 3,000m2

Apartments
One, two and three bedroomed - all with Atlantic views from €220,000

Sizes: Generously proportioned - all have allocated underground parking

Phase Two - Golf and Forest properties expected March/April 2008

Ownership Options
The developers are offering two ownership models:

Private: Full freehold to use as you wish. Or PURE, (Personal Use Rental Exchange) This innovative ownership model is offered in conjunction with Wyndham Worldwide's Registry Collection, the world's largest rental company with a database of over 9 million clients. Properties in this scheme are offered fully furnished and owners can exchange weeks in Al Houara for weeks in other Wyndham Resorts throughout the world.

Completion Date: August 2009

Finance and Payment Terms:

Option One:
€5,000 to reserve 20% down after 21 days (paid into an Escrow account) 30% at foundation level (after one year) 20% at roof stage 30% after two years on completion

Option Two:
€5,000 to reserve 20% down after 21 days (paid into an Escrow account) 10% after one year After this stage, financing is available from Moroccan Bank

Features:
20 minutes from central Tangier

10 minutes from Tangier International Airport

2.5km of beachfront

3 luxury hotels - Kempinski and Hyatt have already confirmed

Moroccan Spa

Exclusive beach club

Retail centre with designer boutiques

Extensive forested area

18-hole VJ Singh, signature golf course

Equestrian centre

Al Houara Kasbah

Sports and leisure amenities

Conference centre

Entertainment centre

Agents notes: These details are for guidance purposes only and should not be relied upon as factual and do not form any part of any contract and their accuracy cannot be guaranteed. Please ensure that any of the details that are of particular importance to you are verified before you proceed with the purchase or incur any expense.

Please note that no appliances or systems have been tested. Unless advised, no warranty as to condition or suitability is confirmed. Purchasers are advised to obtain verification from their Surveyor/ Solicitor.

* Note: The price currency is an estimation based on the latest exchange rate and can be subject to change

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