🇲🇦 6th Bordex Market

Morocco Real Estate Investment

A growing market driven by strong domestic demand, the MRE diaspora of 5 million+ Moroccans abroad, and strategic positioning between Europe and Africa. Gross yields of 4–7% with a progressive tax structure and guaranteed capital repatriation for foreign buyers.

~10.9 MAD/€
Exchange rate
4–7%
Gross yields
6–8%
Acquisition costs
20% max
Capital gains tax
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Key Cities

Gross rental yield ranges — indicative estimates based on current market data.

🏙️Casablanca
4–5%

Morocco's economic capital. Strong demand from corporate tenants. Stable residential market with consistent appreciation.

10,000–25,000 MAD/m² (indicative)
High demandEconomic hubLong-term rental
🌴Marrakech
5–7%

Morocco's tourism jewel. Premium short-term rental yields, especially riads and serviced apartments near the medina.

8,000–30,000 MAD/m² (indicative)
Short-term rentalTourism premiumRiad market
🌊Tangier
4–6%

Mediterranean gateway benefiting from EU proximity, Tanger Med port, and free trade zones driving corporate demand.

7,000–18,000 MAD/m² (indicative)
Strategic locationIndustrial growthEU access
🏛️Rabat
3.5–4.5%

The administrative capital. Civil servant demand ensures stable tenancies. Lower yields but high tenant quality.

8,000–20,000 MAD/m² (indicative)
Capital stabilityCivil service demandLong leases
🏖️Agadir
4–6%

Atlantic resort city with growing expat community. Mix of seasonal tourism and year-round rental demand.

6,000–15,000 MAD/m² (indicative)
Resort marketExpat communityTourism growth

Purchase Costs

Registration Tax
of property value
4%
Notary Fee
notary honorarium
~1%
Land Registry
title registration
1%
VAT (new builds)
often included in developer price
20%
Agency Fee
excl. VAT, negotiable
2–3%

Total acquisition cost typically 6–8% of purchase price for resale properties.

Capital Gains Tax (TPI)

Standard rate: 20% (minimum 3% of sale price). Abatements apply based on holding period. Primary residence held over 8 years is fully exempt.

Holding periodAbatementEffective rate
< 5 years0%20%
5–10 years25%15%
10–20 years50%10%
> 20 years70%6%

Rental Income Tax

A 40% flat allowance is applied to gross rental income. The net taxable amount follows the progressive income tax (IR) schedule:

0–30,000 MAD0%
30,001–50,000 MAD10%
50,001–60,000 MAD20%
60,001–80,000 MAD30%
80,001–180,000 MAD34%
> 180,000 MAD38%

A 10% withholding tax (libératoire) may apply under certain conditions. Consult a local tax adviser for your specific situation.

MRE — Marocains Résidant à l'Étranger

Advantages for the Moroccan Diaspora

Over 5 million Moroccans living abroad benefit from specific rights when investing back home.

💱
Free currency conversion
MREs can purchase property in MAD or foreign currency with full flexibility.
🔄
Guaranteed repatriation
Sale proceeds fully repatriable to your country of residence if the purchase was made in foreign currency.
🏦
Convertible accounts
Dedicated CDE/CFC accounts (Compte en Devises Étrangères / Compte Franc Convertible) simplify cross-border flows.
🎯
No property restrictions
MREs face no restrictions on the type of property they can acquire — residential, commercial, land.
📉
Potential rental exemptions
Rental income tax may be exempt or reduced if revenue is repatriated in foreign currency (subject to DGI conditions).

Calculate your Morocco net yield

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