Just seen the new tanjah development on the casablanca web site it looks like it`s going to be near PBGR any one have any info. Looks like a good investment, but a bit more pricier than PBGR, but if they keep trying to crank up the price at PBGR with crap about vat it might be worth changing over what do you think?

Skankey

I've had look at brochure for it and think it sounds good - even if it is abit more costly than one or two near neighbours. I liked the bond - spreading the 25% deposit over 3 years prior to completion gives you 100% exposure for very little initial outlay. Given most apartments in PBGR are already reserved it may be tricky finding one that is as good as those available in Tanjah development.

Only draw backs I could see from looking at brochure are that its a bit pricier than PBGR (as you said) and that property isn't yours for resale until 25% deposit is fully paid. So worst case scenario is that you take out the bond and before completion 3 years down the line your property is sold to another buyer and your money from bond payments simply re-imbursed. (Not saying developers would do this, just another due diligence check if I were to buy into this one.)

Does this look a better quality development than PBGR or do they just have a fancier brochure and more blurb about 5 * fit out.
PBGR do not include the actual Aircon units which cost a few K .
This resort seems to be more family orientated.
Is it right beside pbgr ?

It must be pretty close to PBGR i was intrested in a 3 x bed penthouse but only trouble was the 3rd bed was very small i think only 2 x bed are good value, as for 5* it sounds good on paper.And i will say it sounds better organized than PBGR i think the more of these low rise developments we see go up, will also push prices up.I think if your looking to rent out property out then PBGR is best bet because of hospital and college being biult close by. Am waiting for my contract from PBGR before i make my mind up to buy on tanjah but hope to buy 2 x bed.

I almost went for one last night! Ive been looking for a second Moraccan investment.

Decided the bond system wasnt for me as there is no guarantee one could raise a suitable mortgage (the process would be complex I expect, knowing French / Moroccan Banks).

I like to be able to sell - on a contract should life take an unexpected turn and with this bond I was told you cannot resell untill all of the property is purchased.

Otherwise I thought it was pretty good. The developer appears to be a large Spannish operator.

Have been looking at this development, and seems interesting. I found out about it through Investors Provident. Has anyone dealt with them?

Does any one know who the agents for the beachfront blocks are?

The whole thing seems well thought out, but would like to hear from anyone else who is interested in this site.

Are all these rental yield and capital gains quotes ridiculously inflated? Seems much too good to be true?

Any info will be greatly appreciated.

M

I think the agent for beach front is casablanca properties,i think you have to take it with a pinch of salt anything they claim, but i like the look of it am just waiting for the outcome of paradise beach golf resort before i commit to anything else in morocco

Hi, I have been speaking to Simon at Casablanca porperties and he tells me that Tanjah is indeed a five star resort. It sounds like a great buy, however, its very difficult buying into something you cannot see or visualise? I know this is what buying off plan is all about, but normally there are some plans/sketches or show rooms available to see, what if thedevelopers down grade the spec and you do not end up getting quite what you pay for? I was also told tha prices have doubled since first coming on the market...how could this be when thgey are not sold out yet, have the developers just raised the price? Anyones thoughts on all this would be great..

Hi Touchy Guy,

I phoned simon about Tanjah asked for 1" more detailed plan 2" apartment size they phoned me back and said they would be sending out details and that was the last i heard from them, as for price doubling there at the same price as when they were launched , so as i`ve said before take what simon say`s with a pinch of salt.

Hi everyone

I phoned Casablanca Properties today to ask about the front line properties on Tanjah Beach. I can't believe that we can get a 5* penthouse on the front for that price. We are definately going ahead on this site, I just think its an opportunity that we can't miss.

I asked if the prices had gone up over the previous weeks or if they were any planned price rises in the future. I was told "NO" the prices are to stay the same. Which is great for anyone still wanting to buy there. We actually missed out on PBGR because of the 30% price rise, we just weren't on the ball and missed the opportunity.

I too asked about room size diamentions and was told everything that they had was on their website, but as soon as more literature/documentation became available then they would post it on the website, but they would also put something in the post to me. Not sure if they will post this out to anyone who asks for it or just their Clients. But either way, it should be on their website anyway once they get anything.

Has anyone else bought on this site?

Just back from 10 days in Morocco. Tried to view this site when I was out but agent (sorry can't remember who, though don't think was Casablanca) couldn't sort for anyone to meet me. They explained that because development was so new there was nothing to see on site and offered to give me directions so I could visit it. Pity, I may have gone for something in this development instead of LJDf in Saidia had I been able to view site (& be confident it was indeed the site.) Certainly sounds like an interesting development. One or two notes of concern though. First, I think literature says that as site is bordered by one of the King's palaces airplanes will not fly over, ensuring peace and tranquility. I asked Property Logic contact in Saidia if planes could fly over if King's Palace was built on site. (There is a plot on Saidia that the King's palace may be built on.) He said no such restrictions applied.

Literature for PGBR tells us that Tangier Country Club is world class (don't know if Tanjah beack literature mentions this.) I'm sure you know to take the hype with a pinch of salt. I was there twice and it is nice, but not world class. The main sport there is shooting - they have a dozen or so gun ranges. It has 4 or 5 tennis courts and another 4 or 5 are being built, but it is clear that the courts are not getting used much. That'll change once tourism picks up. Work has started on the golf course there, so the club is getting better.

Beaches from PBGR down to Asilah look good.

I have been researching Moroccan investment properties for the last 18 months. I have bought over six properties in spain and now feel the market in spain is at a stand still, whereas Morocco is where spain was five years ago. After months of research i had been through all the agents and developers for Morocco and found 1 that had all the answers, all the guarantees and have a product which is designed for the end user to benefit from. The company is called Drreamworld. They are actually the Developers and Main Agents

The Resort is fantastic, i actually have been to the site and it is spectacular even though they dont start build untill octber. The person that i dealt with had responded to me promptly. and was very helpful, whereas agents are usually liars and try to squeeze money out of you. I have been investing into properties for over 26 years and have never been pleased with agents, But the young man who had dealt with me from dreamworld was great.

His name is Ifran Hussain
Number 0121 3627585

I just thougght this lad desereves some credit because where i was looking to buy 1 property i had ended up buying 3.

Not sure if you've realised, but your username is the same as the person you are recommending - strange coincidence!

How funny was that LOL

hi

Well I am exhausted reading all the threads on the PBGR and Tanjah. Tanjah is the one I have held with a deposit with VICEROY, but it is hard to tell whether these developments are genuine from all I am reading. Do I presume engaging a solicitor in the UK who deals with overseas legals can clarify this for me?

I do think the plans look great, but accept the old say "fools rush in" all our other properties abroad have had substancial and thick contracts covering every detail (I even bothered to read them and suggest amendments!) For the PBGR I certainly would not pay 40% without a definite and signed of description of the location, build, position, full contract, bank guarantee etc. So will not be on Tanjah if they cannot come up with the same! as I have on my others in Dubai, Egypt and Turkey.

All thoughts gratefully recieved.

OK

After shaking a lot of trees I spoke to the director of the exchange bond company. You can sell the property incidently as I did ask. It is the bond that is not assignable, not the contract of sale, there are ways to terminate,do whatever, although admin charges will apply. The bond is just a financial insurance that developers can use to raise money against, I was told banks love them. Your deposit by the way goes direct to dreamworld, the exchange bonds people do not hold it like some form of escrow.

The solicitor acting on behalf of the clients at Viceroy informeds me TODAY, that TANJAH DO have PLANNING PERMISSION, they are just waiting for the documents and confirmd that the whole of morooco basically takes August off, allowing plenty of time for all manner of negative stories to be bandied about but impossible to confirm or deny until the paperwork can be got at from the relevant departments.

The Viceroy engaged solicitor is leaving for Morocco today to do due diligance on engaging suitable lawyers to work on our behalf from the morocan side.

This is the majority of the letter he sent to me regarding my concerns about the various negatives I have read on various forums.

Dear XXXX

Turning to the questions you have raised:


1. Yes. Planning permission has been granted but we have had the devil’s own job trying to get a copy of it at present because it seems the whole country goes on holiday for the whole of August. We hope to receive it shortly and a copy will be provided to Viceroy.


2. As you rightly anticipate the guarantees will be in the form of the bond which will be put in place at the same time as contracts are exchanged.


3. The contract will have a penalty clause for any late completion but that contract is presently being negotiated and it is hoped it will be completed in the course of the next 2 weeks. Enforcement will be through the jurisdiction of Morocco which is unavoidable. However, I am presently carrying out my own due diligence in respect of selecting the lawyers who will carry through the completion stages of client’s contracts and part of my criteria is to include procedures for enforcement of the contract with the developer including payment of any penalties out of retained deposits held in the UK.


4. I understand that a member of the GIL family was implicated relating to historical matters but that no charges have been brought. I am not aware of whether the son is involved in running the business but the situation in Spain with all developers is now far more strict than it used to be. Also, I can assure you that Dreamworld is taking every precaution it can to protect your interests and has maintained a high degree of control over the whole contractual process. It is the intention that clients such as yourself invest time and again and that can only be achieved if you have full confidence in the results.


I have tried to answer your points the best I can but will gladly answer any further points you may have on my return from Morocco were I am off today to make further checks on the lawyers



Like every normal investor I just want to make sure i am not throwing my money away and any information I have I am happy to share.

all the best

Georgina

Dear readers,

I have been looking into investing into Morocco for about a month because its seem to be one of the place to invest.

I came across many other development and places. there are so many good development and everybody saids their development are the best but teh one that i decided to buy is Tanjah Beach & Golf resort from Dreamworld. The reason being is they have the best to offer compare to other development.

The person that i would recommend to speak within Dreamworld company is Mr Eddy Brarypaul. He's been very helpfull to me i called anytime and will answer the phone also help me through out my reservation process, he's very polite, good to deal with and with the right attitude.

His Number is 07765347701.

Try and you will have the same feed back from him as i have describe.

The Developer is DreamWorld and they have an Inspection Visit, currently planned for 4-5th November price is £290. They seem to have best availability - as others ie Viceroy, Churchill, Posh Properties, etc seem to have limited stock. As per previous, I have been dealing with Eddy, seems to know his stuff and works alongside Developer so is very responsive. I have yet to be able to speak to their Lawyer, but have agreement for a full refund until contracts signed. I have reserved. If you want West, Sea facing you will need Unit C,I,P,R or S.

Hi all

I have had a cancellation this morning, 6T. Great unit, I would like it sold today or tomorrow, first come first serve.
175,007 Euros

BlueFish Property Services
01782 711513
sales@bluefishpropertyservices.co.uk

mac 101. Why the cancellation? Are people getting cold feet on this one. The forums are quiet on this one and I believe no one has seen the written planning permission or proof of land ownership yet?

I am getting more interest now than in previous weeks, I think it is because people are realising that the best units are in short supply, the last two penthouses I sold were from the usual drop out catchment. I sold 6T 1 hour after my posting, and could have sold it again and again. The site opening is on the 4th of Nov, so there is bound to be a big update then(keep your eye on www.talkmorocco.com after the 4th Nov).

[QUOTE]Originally posted by The Soup Dragon:
I've had look at brochure for it and think it sounds good - even if it is abit more costly than one or two near neighbours. I liked the bond - spreading the 25% deposit over 3 years prior to completion gives you 100% exposure for very little initial outlay. Given most apartments in PBGR are already reserved it may be tricky finding one that is as good as those available in Tanjah development.

Only draw backs I could see from looking at brochure are that its a bit pricier than PBGR (as you said) and that property isn't yours for resale until 25% deposit is fully paid. So worst case scenario is that you take out the bond and before completion 3 years down the line your property is sold to another buyer and your money from bond payments simply re-imbursed. (Not saying developers would do this, just another due diligence check if I were to buy into this one.)[

new member after some advice on where to buy for investment.looked at turkey,bulgaria,poland etc but seem to be swinging more to morocco is this a wise move?
price range up to a maximum of 80k have been advised to look at paradise beach,tanjah and emar project.does anybody know of a cheap inspection trip to morocco? [even looked at china!]

Firstly I wouldn't base your decision on the price of the Inspection Trip. I would peronally go under my own steam and see the development at your pace and at your convenience.
For Northern Morocco, you could even look at flying cheaply to Malaga and getting a 40 minute ferry ride to Tangiers.
For resorts further south, cheap flights are available to Marrakech.
Without doubt the Emaar developments will be pure class, but with 5 star prices. I do like the look of Oukimeden resort - looks unique.
Paradise Beach has had problems, so I've avoided that. Tanjah looks really good if they can reassure investors that Gilmar are being transparant (they have a chequered history).

quote:

new member after some advice on where to buy for investment.looked at turkey,bulgaria,poland etc but seem to be swinging more to morocco is this a wise move?
price range up to a maximum of 80k have been advised to look at paradise beach,tanjah and emar project.does anybody know of a cheap inspection trip to morocco? [even looked at china!]

Hello

I too looked everywhere and did invest in some other areas but Morocco definately does it for me.

Being so close yet exotic and the fact many airlines are planning routes coupled with large unspoiled beaches (proper beaches, not Bulgarian beaches).

Saidia is my choice. Resales and rentals will be supported by massive infrastructure (3 golf courses, mega marina, sports complex etc) and benefit from a choice of on - site agents.
Its also the premier resort and will simply be out on its own.

In terms of resales an honest agents Ive known some time has already acted on resales and she says the capital growth is fantastic. As an example she sold LeJardinDeFleur appartments for £120000 originally and is now reselling them (ie flipping) for over £200000, and thats less than 1 year after release! Demand is just huge.

Think about it; Imagine a resort with 20 up market restaurants, 17 clubs, 3 top golf courses, a 6km beach, water parks, spa, 2 supermarkets, 6