Introduction

Apple Gardens: An oasis of exotic luxury

Prices from:
€240,000 for a semi-detached villa
€280,000 for a detached villa

60% Mortgages available

Apple Gardens is a fully managed 51 villa development of 3 bedroom villas built in a traditional courtyard style with all the benefits of open plan living. All the villas have the latest modern conveniences, plus their own swimming pool and stunning roof terraces surrounded by secluded gardens.

Located just 15 minutes from the centre of Marrakech, Apple Gardens is an exclusive development that features spectacular views across to the Atlas Mountains. It is also close to the famous Djamaa El Fna Square, a UNESCO World Heritage site.

The development has a bar, restaurant, well equipped gymnasium, hammam (traditional steam room) and communal pool and tennis courts. In addition, preferential green rates have been negotiated with three world famous golf courses nearby; Marrakech Royal Golf Club, Marrakech La Palmeraie Golf Club and Marrakech Amelkis Golf Club.

The area around Marrakech is becoming very exclusive indeed and luxury hotels in the vicinity include Sir Richard Branson’s Moroccan Retreat, Kasbah Tamadot, the newest addition to the Virgin Limited Edition portfolio, a magical walled hideaway located near the village of Asni in Morocco’s High Atlas Region, just 45 minutes from Marrakech.

The Mandarin Oriental Hotel Group is building one of their acclaimed luxury hotels in Marrakech, having identified the city as one of the world’s most prestigious destinations.  The Hotel will open in 2009 offering its legendary service and exquisite facilities, steeped in the values of the Orient.

Apple Gardens will have all the amenities needed for a relaxing retreat on site and the lively activities of a city and an array of entertainment opportunities in Marrakech.

Location

The site is quiet and secluded and approximately 500 metres from the main road, la Route de Fes, 14 kilometres north east of the centre of Marrakech and it is accessed by a fully surfaced private road.  The journey time into the centre of Marrakech is approximately 15 minutes and Menara International Airport is approximately 25 minutes away.

Marrakech is the jewel in the crown of North Africa.  It has a good infrastructure, a recently developed airport and tourist numbers are increasing. Marrakech successfully combines contemporary living with traditional heritage and offers residents and visitors the best of both worlds.

Facilities

Resort Services

Key Facts

• High quality 3 bedroom villas within a boutique development

• Prices between 22% and 30% below market value*
• 15% annual capital growth predicted in 2008 (Source: Oxford Business Group, Hamptons and Knight Frank)
• Up to 16% rental yield predicted (based on 40 weeks occupancy) arranged via one of the UKs largest tour operators
• Year round rental due to the excellent climate
• 60% stage payment mortgages available - backed by a bank guarantee from BMCI (Banque Marocaine du Commerce et de l'Industrie) - one of France's leading banks
• Excellent tax breaks for investors
• Over 100 flights a week from the UK
• 93% year round occupancy in 4 and 5 star hotels
• Tour operators have identified the need for family resorts in the area
• Due to strict building regulations, there will be no repeat of the mass development seen in Spain
• Marrakech has an established property market
• Named number 1 at the Arabian Hotel Investment Conference 2007 (AHIC) for ‘the potential to be the next Spain’ in terms of tourism development and revenue.

* (Savill’s valuation)

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