Purchased a 2 bed penthouse on this development in October 2007.
Not many threads around for this development so I thought I'd start one, with recent construction photo's.

More photos

Anyone else purchased on Atlas Golf?????????

I've not heard of this one, however, all I here is good about Marakech. Sounds like a real power house economy.

A girl I know said she was impressed by the fact she could ski in the morning and sunbathe in the afternoon!

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Been investing abroad a few years. Always amazed people invest in places that produce just a few months rent per year

Yep, I agree can't go wrong in Marrakech.

Phase one is nearly sold out and I believe Phase two will be released early in summer 08 due to the demand.

This is a massive developemnt by Fadesa in the Prestigious Palameria area - Marrakech . Phase one due for completion in Autums 09 whole development due for completion in 2012. Already made between 35-40% return on investment.

Hi - we bought a 2 bed apartment on this development around the same time as you last year. Good to see these pics as they are the first we have seen (the agent we bought through has not been very forthcoming with build updates!!). Can I ask where you got these pls and also if you have any more. Nice to hear the estimated return on investment figure is 35-40% already as well :-)

Hi Rob,

Good to see other purchasers on this thread. I have built up a good relationship the developers London Office. I simply requested the photo's which they forwarded to me. Any more photo's or updates I get I shall be posting on this thread.

AP1 release has been a great success and has nearly sold out.

In general prices in Marrakech have neen soaring and will continue to do so in my opinion.

I've purchased on Block 18 on AP1, do you mind me asking what block you've purchased on???

Regards
RED

Not at all, we are AP1 block 24 and went for a ground floor apartment. AP1 was selling fast when we purchased and the one we originally wanted went the day we tried to buy it but we are happy with the one we now have.

We plan to go back out in June for a look round and to see how the development is shaping up, although our plans are just to rent out once completed and hopefully see prices continue to rise over the coming years.

Are you planning to sell yours once completed or hang on to short / medium / long term?

I've purchesed a 2 bed first floor penthouse, all apartments will have great views of the Altas mountains.

I've got a 5-10 year plan depending on the markets at the time. I may even keep it as a retirement home who knows, I'm keeping my options open.

Morocco and especially Marrakech is fantastic and I love it every time I visit.

Regards

RED

Excellent, thanks for the info and pictures and hope all goes well for you. I will post any updates we receive on this thread and hopefully others that have bought will find this and post also :-)

Rob.