An exclusive new shared freehold development near one of the world’s most fascinating cities.
British developer Amazing Morocco has launched Bab Adrar d’Atlas (meaning ‘gateway to the Atlas’), the first-ever shared freehold development in Marrakech. Situated 20 minutes from the vibrant city and with views of the spectacular High Atlas Mountains, Bab Adrar d’Atlas is a group of platinum-standard luxury villas with on-site leisure facilities.
Marrakech, voted one of the top ten worldwide holiday destinations by Condé Nast Traveller, is renowned for its colourful markets, friendly Berber people and vibrant nightlife. More recently it has become quite a celebrity haunt, with Will Smith, Yves Saint Laurent, Jean Paul Gautier, Richard Branson, Ridley Scott and others having bought holiday homes in the city or the surrounding countryside.
Millions of pounds are being poured into the country’s infrastructure by Morocco’s King Mohammed and the tourist board has set an objective to double the number of tourists in the next five years to ten million – a similar situation to the dynamic property climate in Dubai. More flights are available from more UK airports and Marrakech is ripe for a renaissance.
Bab Adrar d’Atlas is an exclusive development of ten beautifully crafted properties, ranging in size from 400 to 677 square metres. Designed by top Moroccan architect Karim el Achak, the two- to four-bedroom villas combine the best of traditional local style and modern European comfort. Each home comes fully staffed with a chef, housekeeper and maid and enjoys a private swimming pool, garden terrace and landscaped gardens.
The on-site facilities include a spa with a Hammam therapeutic steam room, tennis court and golf putting green. The development is situated near three championship golf courses and within easy access to mountains, beach and desert. Marrakech and the international airport are both just 20 minutes drive away.
The properties are being offered on the basis of a one-seventh share of the freehold. Owners will have a titled share of the property and will be able to enjoy free occupancy for six weeks per year (four weeks peak and two off-peak), according to a rotating priority system. This means that each owner will regularly have first call on peak season occupancy, such as Christmas, Easter, New Year and spring holidays. An annual fee covers all property management, thus taking away the stresses and costs of full ownership.
Amazing Morocco’s Director Simon Clothier says, ‘Not everyone wants to commit capital to buying a luxury property like this, or has the holiday time to spend there to justify outright purchase. At Bab Adrar d’Atlas you buy only what you intend to use and at a fraction of the cost of owning outright. And because you own part of the freehold in a buoyant property like Marrakech, your investment is highly likely to increase in value.’
Bab Adrar d’Atlas offers breathtaking views of the mountains as well as extensive olive groves and orange trees. Construction has started and the first phase of homes should be finished and ready for occupancy in spring 2006. Shared freehold prices range from £85,000 for a fully furnished two-bedroom luxury villa (400 square metres) to £110,000 for a four-bedroom spacious villa (677 square metres). The villas can also be bought outright, either furnished or unfurnished, at prices ranging from £445,000 to £595,000. Call Premier Resorts on 020 8940 9406.