Investment Opportunities for Apartments for Sale in Oued Alian, Tangier 2023

Details

If you’re looking for investment opportunities in apartments for sale in Oued Alian, Tangier in 2023, here are some details you may want to consider:

Location: Oued Alian is a growing area in Tangier that is attracting more and more real estate investors. It is located near the Tangier Ibn Battouta International Airport, and it is only a short drive from the city center. With its strategic location, Oued Alian is becoming an increasingly attractive area for both local and foreign investors.

Total land price: The total land price for the 7,000 sqm plot of land is 56,000,000 DH.

Number of buildings and apartments: There will be 10 buildings, each with 28 apartments. In total, there will be 280 apartments.

Size of each apartment: Each apartment will be 100 sqm.

Number of floors: Each building will be R+7, meaning it will have a ground floor plus seven additional floors.

Cost and selling price: The cost price of building one apartment will be 400,000 DH, and the selling price will be 1,400,000 DH.

Total construction cost: The total construction cost for the 280 apartments will be 112,000,000 DH.

Minimum profit: Assuming that the average area price per apartment per sqm is 14,000,000 DH, the total revenue generated from selling all 280 apartments will be 3,920,000,000 DH. Subtracting the total construction cost of 112,000,000 DH and the total land price of 56,000,000 DH, the minimum profit will be 3,752,000,000 DH.

Luxury villas: In addition to the apartments, there may also be an opportunity to develop luxury villas on the remaining land. Assuming that the luxury finish villas’ price per sqm is 4,000,000 DH, and the average area price of land per sqm is 8,000,000 DH, the potential profit from developing luxury villas could be significant.

Overall, investing in apartments for sale in Oued Alian, Tangier in 2023 could be a profitable opportunity, given the growing demand for real estate in the area.