UAE-based Green Valley International Real Estate has announced the launch of a AED500 million project in Marrakech, Morocco, following the completion of developments in Turkey, the UAE and other parts of the Middle East.
Green Valley has announced the City of Green Valley Marrakech project, which extends over 410,000 sq m and comprises 350 villas.
The project also includes lifestyle facilities including swimming pools, health centres, a spa, Moroccan bath, sports complex, shopping centre, restaurants, cafes and mosques.
The developer said in a statement that City of Green Valley Marrakech consists of studio, one room, two bedrooms as well as villas and is part ofits strategy to offer GCC nationals the opportunity to invest in properties outside the Gulf region.
Ali Saeed Al Salami, owner and general manager of Green Valley Real Estate, said: “We are privileged to announce the project in Marrakech. Aside of being a state-of-the-art and cutting edge project, it also offers excellent growth potential for investors looking for substantial return on their investment in Marrakech.
“This is a luxury project and offers amazing investment opportunities in the city, which is otherwise considered a perfect tourist destinations.”
Green Valley said it chose the city of Marrakech, due to its “potential in tourism and many economic aspects”.
In March, Green Valley International Real Estate announced the launch of two projects worth AED620 million ($168.8 million) in Morocco and Bosnia.
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