Domaine de L'Akhdar (Vue De Paradis)
Luxury Villas in Marrakech from £219,000
On the outskirts of cosmopolitan Marrakesh, in a quiet ‘green’ area, Vue De Paradis, the second phase of Domaine De L’Akhdar, is a site featuring breathtaking views across to the Atlas Mountains.
The concept of this exclusive development is to provide a solution for those who
require more space than an apartment and less cost and maintainance than a large
individual villa. Unusually, for a villa complex, Domaine De L’Akhdar will be fully
managed and offers resort facilities.
Designed by Charles Boccara, a world famous French architect, these three bedroomed detached riad-villas are fi nished to the highest standard and incorporate magnificent Moorish style vaulted ceilings, traditional courtyards and terraces all lending to the idea of indoor/outdoor living. Each villa has its own swimming pool and ambient Andalucian ‘Alhambra-style’ inspired gardens with fountains.
Unit Types
 |
Villa Type A |
 |
Villa Type B |
Each riad-villa comprises of the following:
• 2 large en-suite bedrooms
• 1 extra bedroom (children, staff)
• 3 bathrooms; with the master bathroom
opening onto a landscaped patio with
tasteful Andalusian/Moorish water pool.
• Living/Dining area
• Pergola covered outside living area
• Terrace
• Swimming pool - c.35m2
• Garden with lush vegetation
• Fully fi tted and equipped kitchen
• Air conditioning (hot and cold)
• Plasma screen TV in living room
• Interior design using totally original
features such as 4.5m high Moorish
vaulted ceilings.
• Plots range in size from 638 m2 to 1,568 m2
Local Facilites and Amenities
Classed as a world heritage site, boasting internationally protected monuments, gardens and squares galore, Marrakesh is the city whose climate, surroundings, history and warm-hearted inhabitants have exerted such a hold over visitors from all over the world since time immemorial.
Marrakesh is a resort town that is becoming more and more popular with artists, business leaders and celebrities as the location for a second home and as a haven of peace and tranquility.
Marrakesh offers a unique blend of the
traditional and the modern:
• Authentic Moorish and Berber culture and
traditions
• Traditional street markets
• Chic restaurants/lounge bars/discos
• Sports: golf, aquapark, quads, canoeing,
ballooning, snow skiing (1 hours drive), tennis.
• Fabulous hotels like “Mamounia” (a favourite
of Winston Churchill’s), Amanjena, or Kasbah
Agafay, all with luxury spas.
• An impressive choice of top-gourmet
restaurants, Moroccan or French.
• Annual film Festival, nicknamed “Cannes´ little
brother”
• 2 hours drive away from:
- The Atlantic Coast (west)
- The foothills of the Sahara
Golf
The city offers three diverse 18 hole golf courses:
“Royal” Golf Course - laid out in 1923, 74 hectares
“Amelkiss” Golf Course - 63 hectares
“Palmeraie” Golf Course and Resort - 72 hectares
Four additional golf courses are planned for the area and due for completion by the end of 2009
Average rates
• Green fees = circa 50 Euros
• Weekly pack = 300 Euros
• Annual subscripition = 750 to 2.400 Euros pp
• Discounts for couples
The developer is negotiating a package deal with the Royal and Amelkiss Golf Courses for 15 to 20 subscriptions for couples, to make this available to buyers.
Vue De Paradis Amenities
• Restaurant.
• Bar/Coffee Shop
• Hammam (Turkish Bath)
• Spa Area
• Children’s Care Services
• Moorish fountains and patios
• Lounge
• 24 hour reception
• Concierge
• Site security
Investment overview
Rental Return Estimated 5% to 6% annual yield
Forecast capital appreciation 15% to 20% appreciation (based upon past 3 years in local market)
Mortgage finance 70% maximum, subject to status, available on completion
Finance
The recently approved banking regulations allow mortgages for non-residents and cover:
• Loan to value: 60% - 70% subject to status.
• Period: maximum 15 years (however repayment must have occurred by the time you reach the age
of 65)
• Rate: 7% to 8% interest p.a. in Dirhams (Moroccan currency), depending if fi xed or variable rate.
• Type of mortgage: Capital repayment.
• Finance available through main banks, including Societe Generale de Banque
Examples of documents that may be required
Employed Applicants
Purchase Process
Step 1 Holding Deposit & Booking Form A non-refundable holding deposit of €5,000 (paid into Escrow) upon signing of the booking form.
Step 2 20% Private Contract - V.N.A Certifi cation 20% of the purchase price within 21 days of receipt of V.N.A certifi cation (V.N.A. is the equivalent to the ‘provisional approval’ of building licence) Estimated to be September/October 2006. Paid into Escrow.
Step 3 15% Against Building Licence 15% of the purchase price within 21 days of receipt of a copy of the building licence. Estimated to be November/December 2006. Paid into Escrow. Upon architect’s certifi cation of the foundation’s completion (approximatey three months from the building licence), the payments from steps 2 & 3 will be released from Escrow to the developer.
Step 4 25% Completion of concrete structure & roof 25% of the purchase price upon completion of concrete structure & roof within 21 days of notifi cation (approximately 6 months from foundation’s completion - estimated to be July/ August 2007).
Step 5 25% Completion of carpentry and glazing 25% of the purchase price upon completion of the carpentry and glazing, within 21 days of notifi cation. Estimated to be January/ February 2008.
Step 6 15% Upon Delivery 15% of the purchase price upon delivery (approximately 15 months from completion of foundations), within 21 days of written confi rmation from the developer and receipt of the architect’s certifi cate. As additional ‘peace of mind’ for buyers, 5% of this payment will be held in escrow by notary and released upon receipt of the notarised title deed and certifi cate of fi rst occupancy (approximately 2 months from delivery). Estimated to be June/ July 2008.