I've also been looking at this development (also called slopes of Fedela) and there is not just one UK agent selling them. (I am not an agent

I've been looking at riads in Marrakesh and latterly Fes and a small riad once restored goes for :
Marrakesh £170k
Fes £30k + £30k restoration = £60k
price difference £90k = Fes about 1/3rd of the price.

Why then is this new build development in Fes not 1/3rd of the price of a new build in Marrakesh?

Slopes of Fedela E155000/£105,000
Marrakesh equivalent £315,000 - this buys a 3 bed 3 bath house in the most prestigious development in Marrakesh - Domaine de L’Akhdar. (I'm not an agent and they are all sold). Elsewhere a luxury 2 bed can be found for £250,000.

I'm not putting this development down, it does look really nice, experienced developer etc and I do believe Fes has great potential - my point is why is it so expensive firstly in comparison to restored riads in the Medina (£60k) and
secondly in comparison to Marrakesh, which is a much more developed and proven market?

Thanks