Investment opportunities for apartments for sale in City Center, Tangier 2023

Details

If you’re looking for a lucrative investment opportunity, buying apartments in City Centre, Tangier could be an excellent choice. With the city’s growing popularity among tourists and the increasing demand for high-quality housing, investing in apartments for sale could be a profitable venture. Here are the details you need to know:

Land Size and Location: The land size is 1400 sqm, located in the prime location of City Centre, Tangier. The average area price of land per sqm in this area is 20,000,000 DH.

Number of Apartments and Buildings: There are 80 apartments available for sale, divided into two buildings, each with eight floors (R+8). Each floor has five apartments.

Construction Costs: The total construction cost for both buildings is 36,000,000 DH.

One Apartment Building Cost Price: The cost of constructing one apartment building is 400,000 DH.

Total Land Price: The total land price for the 1400 sqm is 28,000,000 DH.

One Apartment Selling Price: The selling price for one apartment is 1,600,000 DH, with each apartment covering 100 sqm. The average area price per apartment per sqm in this area is 16,000,000 DH.

Luxury Finish Villas: Luxury finish villas in this area are priced at 4000,000 DH per sqm.

Minimum Profit: Based on the above details, the minimum profit for investing in these apartments for sale is 80,000,000 DH.

In conclusion, investing in apartments for sale in City Centre, Tangier is a smart choice as it offers great returns on investment. With the city’s increasing popularity, demand for high-quality housing, and a prime location, these apartments offer a great investment opportunity for those looking to invest in the real estate market.