Green Valley Real Estate has announced plans for a AED500M ($136M) residential project in Marrakech, Morocco.
The 410,000sq m development, called ‘City of Green Valley-Marrakech’, is located 11km from Marrakech city centre and will feature 350 residential villas with 100,000sq m of green spaces.
It will also include restaurants, cafes, a supermarket, a spa area, health clubs, swimming pools, bars and sports courts.
Green Valley Real Estate owner and general manager, Ali Saeed Al Salami 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 destination."
The project follows the completion of developments in Turkey, UAE and other parts of the Middle East.
* Data provided by Timetric's Construction Intelligence Center.
* Image: Marrakech, Morocco.