Al Houara resort in Morocco unveiled

Morocco Sotheby's International Realty, a subsidiary of real estate firm Qatari Diar, has announced that property at the Al Houara resort in Morocco is now available. Following the initial sale of property at Al Houra a further 64 'golf apartments' will be available to buyers through offices in London, Tangiers and Casablanca.

Emaar Morocco completes Tinja Sales Centre

The Sales Centre is located in Route de la forêt diplomatique CT 8006 and can be easily accessed from the city centre. Emaar Morocco will launch apartments in a mix of Californian and Andalusian architectural styles, shortly. Offering sea and forest views, the apartment complexes will feature clubhouses, swimming pools, children's play areas and landscaped areas. A commercial village with restaurants, retail outlets and boutique office space will add to the convenience of residents.
Yves Delmar, Chief Executive Officer said: 'Tinja is setting a new benchmark in developing integrated lifestyle communities with its focus on luxury residences, community amenities and hospitality components. The project complements Moroccan government's Vision 2010 to strengthen the tourism sector and position the country as a preferred destination for investments.'
He added: 'With the opening of the new dedicated sales centre, customers will have a better overview of the entire project and its masterplan. Apart from models of the villas, town homes and apartments within the master-planned community, the sales centre will also highlight the various amenities on offer including a vibrant village centre, leisure clubs, forest clubs and other amenities.'

via AMEInfo

What About a Moroccan Las Vegas?

The Palmeraie Development group headed by Abdelali Berrada , which operates the Ouarzazate Lake City project, has approached American gaming experts about opening a casino in the southern Moroccan city.

Louvre Hotels soon in Morocco

The hotel chain owned by the American company Starwood, intends to establish during the next 4 years about 15 first-class units across Morocco. Sudreau underlined that these hotels will meet the international standards of first-class. He added that the company also plans to elaborate training programmes for its staff in collaboration with local tourism institutes. These steps constitute a part of the company's expansion plan outside Europe to exploit new markets.

Morocco property firm Alliances plans $271 million IPO

Moroccan property company Alliances Developpement Immobilier aims to raise 2 billion dirhams next month via an initial public offering on the Casablanca stock exchange. Alliances will sell 2.915 million shares for 685 dirhams each, including 1.1 million shares from a capital increase.

Founded in 1994, Alliances specialises in studying, building and selling housing and tourism developments, often in partnership with major operators including Accor, Four Seasons Hotels, Club Med and TUI. The stake of the founding Lazraq family will fall to 60% from 82% while institutional investors will see their holding decline to 15.78 percent from 17.36 percent.