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A 'Real' Moroccan Investment

22 February 2008

Tangiers, a city in a state of imposed decay for over 20 years, is now witnessing a renaissance that is set to bring it back to its glory days of glamour, when it was frequented by celebrities and diplomats from around the globe. New state of the art ports, conference centres and marinas are bringing with them a swarm of new business travellers and tourists, filling up hotels but leaving an increasing shortage of rooms.

Real Miraflores is a high-end apartment-hotel project being offered to UK investors by movewithus in partnership with the renowned developer Miraflores. It is a 72-room development in the centre of Tangiers situated within walking distance of the beach. Designed as a modern business hotel, Real (pronounced ray-al, the Spanish word for ‘royal’) features all the essential facilities for the weary business traveller including an indoor swimming pool, jacuzzi/spa, bar/restaurant, concierge service and more.

Sure to tweak investor’s interest is the obvious benefit of owning a hotel room in an up and coming city such as Tangiers. However, the security and hassle-free element is also not to be overlooked. Real Miraflores offers investors a keen 10% guaranteed rental yield for the first three years of the investment, after which they can put their apartment in to the Miraflores rental program and continue letting. The project also doubles as a holiday getaway and allows owners up to four weeks free use per year. A further point of interest is the tax benefit. As the Moroccan Government is focused on Tangiers’ renewal, owners in projects such as Real Miraflores will not have to pay income tax on their investment for the first three years.

Prices in the Real Miraflores development start at approximately 77,544 Euros. Go to www.movewithus.co.uk/investor for more details or to make an enquiry.