Green Valley announces $136M residential project in Morocco

Vania Goncalves 24 May 2016 AFRICA BUILDINGS

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.



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