Salama Valley, Fez, Morocco

[opus]

Hello all.

I'm thinking about investing in Salama Valley, Fez, Morocco, but prefer to deal directly with developers. Does anyone know who the developer is.

All feedback appreciated.

Thanks

Opus

 

[sahara]

If you email me [email protected] i will let you have some further information

 

[investor27]

Sahara, can you please post further information on the forum with regards to the developer, it will assist other members should they be looking at the same development, thanks

 

[sahara]

the developer for this is Maroc Asur Residence. This is the morrocon arm of a French company called Residence Pasteur.The managing director is a gentleman called Philippe Deutch. i dont think you will be able to deal direct with the deveoper as he has given all of the units on this project to one company to sell.I work in partnership with this company and would love to have a chat with you if you are interested in this.This is the only project in fez that has been given planning for buiding on the hills and in the whole of fez only 3 projects have been given planning.
I believe i can offer you a good deal on this .Give me a call 07764 300185

 

[manor park]

Is there a website that has information?

 

[Sunnyshores]

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

 

[investor27]

More Info on development in Fez

Ok, more info, 2 bed Villa's starting at £104k, im unable to post plans etc so interested parties feel free to ask & i'll e-mail you further info, brief description as follows:

Each Villa is a peace and haven of peace. Having a terrace very opening largely on the valley to profile of a fairy-like sight and an individual swimming pool, they can receive four people in two individual rooms. The lawns are soft and deep, the coloured and green solid masses of flowers. KSAR AHMAR is the privileged center of life. You will be able to obtain a massage with oil of argan, you to restore or to plunge in the endless swimming pool.
Animation discrete of an accessible personnel, heir to a culture or the direction of the reception is door has its perfection, offers to the residents services which are the prerogative of Morocco.
Of security, a discrete medical personnel, is has your provision 24h/24 to bring this peace of spirit to you has which you have right. Entirely closed of walls and security by a guarding day and night, 365 days per annum, SALAMA VALLEY is your next address with the kingdom of Morocco.

UNIQUE PAYMENT PLAN:

20% DEPOSIT ON INITIAL PURCHASE
20% FINANCED INTEREST FREE OVER 12 MONTHS
60% MORTGAGE ON COMPLETION

 

[Sunnyshores]

thank you for the further information. You seem to be suggesting it is unique for Fes and that is why it is so much more expensive (+£40k) than a restored riad in the Medina - fine, I can accept an increase for that - especially as this deal does have a private plunge pool, small garden area and I beleive is fully furnished.

But, why is it pretty much comparable to properties in Marrakesh and not considerably cheaper as I believe it should be?

 

[sahara]

Ok, more info, 2 bed Villa's starting at £104k, im unable to post plans etc so interested parties feel free to ask & i'll e-mail you further info, brief description as follows:

Each Villa is a peace and haven of peace. Having a terrace very opening largely on the valley to profile of a fairy-like sight and an individual swimming pool, they can receive four people in two individual rooms. The lawns are soft and deep, the coloured and green solid masses of flowers. KSAR AHMAR is the privileged center of life. You will be able to obtain a massage with oil of argan, you to restore or to plunge in the endless swimming pool.
Animation discrete of an accessible personnel, heir to a culture or the direction of the reception is door has its perfection, offers to the residents services which are the prerogative of Morocco.
Of security, a discrete medical personnel, is has your provision 24h/24 to bring this peace of spirit to you has which you have right. Entirely closed of walls and security by a guarding day and night, 365 days per annum, SALAMA VALLEY is your next address with the kingdom of Morocco.

UNIQUE PAYMENT PLAN:

20% DEPOSIT ON INITIAL PURCHASE
20% FINANCED INTEREST FREE OVER 12 MONTHS
60% MORTGAGE ON COMPLETION

Are we talking about the same project .Has it got a buyback gaurantee and a garanteed rental of 7% for nine years.
The finance is 30% deposit and 70% mortgage?

 

[Sunnyshores]

sahara and investor 27 - yes you do seem to be talking about the same development - Salama Valley also called slopes de Fedala (by the company who did Jardins de Fedela).

Are you able to explain the high price as per my postings above?

 

[sahara]

ok i not going to go on too long but as you say you can get a renovated riad in the medina for for 60-70k.
From what i understand riads do not often have gardens they have a courtyard in the middle.Riads do not come with plunge pools.Riads do not come fully furnished down to cutlery.
Riads do not come with a gaurantee of an income for 9 years.With a riad you do not have on site medical care free og charge.Riads do not come with the gaurantee that if the market dips you have a buyer that will at least pay you what you paid for it.Riads do not come with free flights for 2 people for 3 years and a gift of 900 euros to spend on site.
I hope this goes some way to explaning the price differance.

 

[Sunnyshores]

Sahara - OK thanks.

I was not comparing riads with new builds. I was comparing the price differential
between riads in Marrakesh and riads in Fes (one third) and then looking for the the same price differential between new build in Fes and new build in Marrakesh.

As I said I can acept a difference between riad prices and new build luxury prices (although £40k may be pushing it a bit and riads are in limited supply and have proved to be much more desireable that new builds in the Marrakesh market).

What I was asking is - Why the new build price in Fes is not significantly cheaper than a new build in Marrakesh?

 

[sahara]

The answer to this is i do not Know, but on the same scale you could ask why is a villa in saidia an unknown destination selling for the same price as villas in marrakesh. This argument could be the same for all new build that are being offered in various unknown destinations across morocco.
some.

 

[Sunnyshores]

OK - hadnt considered that. And in Saida not only is the market unproven, there actually is NO market or toursits or resales at present.
Thanks for the discussion - as I said I'm not arguing against the development, it does look very nice and certainly has some attractive financial features all guaranteed.

 

[Sunnyshores]

For completeness sake - this development has now sold out. What do I know!!

 

[Essex34UK]

I've just managed to secure a reservation at Salama Valley. Is there anyone else on here who has actually bought there too ?

 

[josephaedrus]

Buying at Salama

I've just managed to secure a reservation at Salama Valley. Is there anyone else on here who has actually bought there too ?

I am considering purchasing at Salama too. Has anyone found any useful information either way.

I do think the property seems expecsive.
What happens if it's not built on time?
What happens if Morroco goes through politicial upheaval. Is the insurance still valid for a flattened building?

thanks in advance for any advice.

 

[investor27]

Hi, Im 99.9% sure this development is sold out, if anyone know's differemtly do contribute...

 

[josephaedrus]

Salama Valley

Hi, Im 99.9% sure this development is sold out, if anyone know's differemtly do contribute...

I have a friend who has invested and wants me to co-invest. Hence my question.

Any advice. To me it feels like a beach property no-where near the coast. Surely if you visit Fez you want the husstle and history of the town?

 

[wanata]

Fes developers

Does anybody know of any major developers in Fes? Please let me know.

Hello all.

I'm thinking about investing in Salama Valley, Fez, Morocco, but prefer to deal directly with developers. Does anyone know who the developer is.

All feedback appreciated.

Thanks

Opus