Dubai: Morocco has been witnessing an increase in foreign direct investments, with 40 percent of foreign investment coming from the GCC region and significant proportion of this total being invested into the real estate sector.In addition, on an annual basis, the price of real estate assets has increased by 0.9 percent, with increases of 1.8 percent for land and 4.4 percent for professional use, while residential properties remained unchanged.
These figures were announced in conjunction to Morocco’s Ministry of Land Preparation, Reconstruction, Housing and City Policy participation at the upcoming Dubai Property Festival (DPF) which will take place from 26th to 28th March at Dubai International Convention & Exhibition Centre. A delegation spearheaded by Secretary of State will participate at the DPF to showcase their potential real estate projects to visitors from all around the world.
Dubai Property Festival (DPF), in partnership with the International Property Show (IPS) is the Middle East’s Biggest Property Sales Platform for local and international real estate markets, and allows retail sale and purchases for both local and international properties. DPF is a mega property sales platform where exclusive deals to end-users / investors are offered for three days. It enables developers to sell their project offerings onsite at much lower prices, attractive to investors looking to explore from a wide range of properties. The 2018 event attracted 131 exhibitors from 30 countries, as well as 20,332 visitors and VIPs from 143 countries.
“Morocco, particularly the cities of Marrakech and Meknes have experienced a wealthy increase in investments. We are optimistic that Morocco’s participation at Dubai Property Festival will serve as a strategic move for the country to tap investments, not only from the GCC and Middle East, but also across the world,” said Dawood Al Shezawi, Chairman of Dubai Property Festival Organizing Committee.
Studies indicate that Morocco’s real GDP will increase by 3.3 percent in 2019, owing to the expansion of the industrial and retail sector, increased tourism and higher levels of capital spending.
At the upcoming Dubai Property Festival, professionals of the industry will be presented with several opportunities to invest in Morocco’s mushrooming real estate sector.
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