Homes Abroad the UK's leading guide to Holiday Homes Abroad

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  • Saida
Price £105,880
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Property Description

Short Description:
Within the spectacular Mediterranean Saïdia project on the north-eastern coast of Morocco is the superior five star standards resort, and will represent a flagship, new-generation vacation concept which combines luxury, flexibility and exclusivity.


The Development
Located approximately 40 minutes from Oujda International Airport, and just ten minutes from Saïdia town, Mediterranean Saïdia enjoys a stunning 7,000,000m2 coastal location. Heralded as Morocco's 'Cote d'Azur', luxury villas, apartments and hotel developments will offer more than 3000 accommodation units - all designed to the highest standards.

The Saidia development offers 11 resorts that feature superb amenities including:
• Golf courses,
• Sports facilities,
• Swimming pools,
• Integrated club houses,
• Cafés, restaurants and
• Entertainment areas.

This first class resort, combined with Mediterranean Saïdia's naturally beautiful coastline, is set to become one of the most highly sought after destinations in the world. Forecasts predict that Mediterranean Saïdia will attract a minimum of 250,000 visitors a year increasing to more than 500,000 by 2012.

The main resorts of this huge development are:
* Sur Mer Apartments
* Les Cascades Townhouses
* Les Grandes Villas / Villas de La Plage
* Sahara Beach and Spa

The Investment
There is a new and exciting concept of investing into a luxurious and holiday home in the Saidia development, in the sense that the investor is offered a leaseback scheme when purchasing a property in the Saidia Resort.

The Lease Information
Lease agreement:
- 9 years, renewable
-Rents payable per annum

Delivery: end 2009/early 2010
Yield: depends on occupancy between 7% to 11%
Personal occupancy: 10 weeks for the owners, families and friends.

The Location
Morocco
Morocco is a country of tremendous diversity with four mountain ranges, green river valleys and immaculate beaches.
Northern Morocco is blessed with a warm dry climate and enjoys close proximity to Europe. It s well developed transport links have contributed to its great popularity as a tourist haven.
Attractions in the medina of Saïdia include a 17th century fortress, a 19th century Kasbah and famous Music and Popular Arts Festival every August. Saïdia is also an area of considerable natural beauty, with seven kilometres of golden, unspoilt beach and a lovely bay making it ideal for all types of water sports. There is also a natural bird reserve which has been created by the area of marsh and woodland that skirts the locale.
Vision 2010
In 1999, His Highness Crown Prince Sidi-Mohammed was declared King of Morocco 'His Majesty King Mohammed VI'. After his enthronement, the King uncovered his ambitious development plans for Morocco.
Mediterranean Saïdia is part of the King of Morocco's Vision 2010: a plan to increase tourism to 10 million annual visitors by 2010, provide first class infrastructure and facilities and create 600,000 jobs in the tourist industry. The government's master plan for the area will ensure that the resort will benefit from modern infrastructure.

Access
By road:
Oujda: 58 km
Spain: 14 km

By plane:
Paris : 2 hours 30 minutes
Airport:
Oujda-Angad and Ahfir
Airlines:
Easyjet,
Thomsonfly,and
Ryanair.

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