Investing in Moroccan real estate from abroad: 2026 guide

Gross long-term yield (annual rent / purchase price including fees) observed in early 2026: Casablanca Maarif/Anfa: 3.2 to 4.0% (tickets 1.5 to 3 M MAD, permanent-contract professional tenants). Rabat Agdal/Hay Riad: 3.0 to 3.8% (tickets 1.5 to 2.5 M MAD, diplomat + civil servant tenants). Tangier Malabata/Iberia: 4.0 to 5.2% (tickets 800 k to 1.5 M MAD, dynamic Tangier Med market). Marrakech Guéliz/Hivernage: 3.5 to 4.5% long-term, 7 to 11% well-managed seasonal. Agadir Founty: 3.8 to 4.8%. Fez Ville Nouvelle: 4.5 to 5.5%. El Jadida/Mohammedia seaside: 3.0 to 4.0% long-term, 6 to 9% seasonal. For seasonal Airbnb, add 15% to 25% costs (concierge, cleaning, vacancy, platform subscriptions) = net yield 5% to 8% for a very well-managed property.

(1) Disputed land title: 30% of Moroccan land is not yet registered, exposing to disputes. Require an original ANCFCC land title, verify absence of mortgage or seizure. (2) Fragile developer: check financial strength (share capital, turnover, past deliveries). Prefer developers backed by banking groups (Dyar Al Mansour for Banque Populaire, Addoha, Alliances). (3) Poorly managed co-ownership: request the last general meeting minutes before buying, verify reality of works fund (frequent unpaid fees). (4) Gap between plan and delivery: include late penalties and a surface commitment in the sale agreement. (5) Failed remote rental management: budget 6% to 10% of rent for a serious manager, avoid the "cousin who manages" scenario which ends badly in 60% of observed cases.