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Buyers of off-plan real estate investment property at Las Palmiers in Morocco

Las Palmiers - Talk to other property buyers

If you are buying a property off plan at Las Palmiers, Casablanca, Morocco, Eye on Worldwide enables you to communicate with other property buyers at Las Palmiers, and to share photos with each other.

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New Property Development Details:

Development Name:  Las Palmiers

Location: Casablanca, Morocco

 

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Start talking now to your fellow real estate property buyers at Las Palmiers in Casablanca, Morocco!

Below are a selection of the most recent messages posted for this development. To read all the posts, contribute your own and view and share progress photos, please regsiter above and log in.

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MessagePosted by
Hi, your guess is as good as mine I'm afraid.RiverQ
Yes I had already paid the reservation deposit.  I  have also heard that there is a possibility that this project may be relaunched at a later date at a higher price?Hopscotch

hi Hopscotch,

Are you referring to the reservation deposit? As far as we were aware, no money were taken from our account, as we opted for a charge against our credit card, having being adviced that through this option, money will only be taken out once planning permission has been granted.  However if you have parted with the money, you may have grounds to proceed with a claim.

RiverQ
My solicitor advised that in view of the fact that the project did not proceed, in addition to the deposit being returned, that I should claim interest, out of pocket expenses and breach of contract.  Did anyone do similar?Hopscotch

hi everybody , does anyone have new info on the les p resort south of casa

who is the developer and is there a start date.

sugar ray

Easyjet is flying to Casablanca from madrid.around  around 100 euro return.

This is promising for the Sunset beach project.

bads

brownpapa, Yes i have advised people of developments in the north but im not trying to put people off Sunset Beach, i myself am proceeding with a g/f apartment on Sunset Beach, & am just trying to gain as much info as possible.. Yesterday i was seeking for info on the Kerzner Project & did post a link to an interesting article, would i do this if i was putting people off buying? & it appears no apartments / villa's are going to be created so this is good news with regards to rental on Sunset Beach..

Like myself people are buying on several resorts so i am just advising on resorts which i think are good investments, I've an apartment on PBGR, this was  a good investment however prices have now risen since it was launched last April / May so im not mentioning it much - Key is getting in at pre-launch prices? Yes??

I'm currently mentioning the Palm Beach Resort in Asilah, it was launched few wks ago, no prices have increased as yet,  however people have / are carrying out their own research so anything i mention will not be forcing them to make decisions, im just advising on what i have researched, hope this ok with you... We all need to share info, as like myself were all new with investing in Morocco, you'll see ive been active on these forums for ages & do try give honest opinions. 

veeparmar

Veeparmar: You have been private messaging everyone on Las Palmiers in this forum (and also at the saidia forum)  about your vested interest in some developments in the north.  I am guessing you are also investor27 on some forums? I hope you're not having a hidden agenda trying to dissuade people from buying at Casablanca/El Jadida in favour of your own vested interests. Anyway, genuine comparison is of course most welcomed, as this is what this forum is for: open discussion.

by the way, your remarks on using meter as opposed to time; Time-frame is usually used as it has more relevance to most people and is the most straightforward/efficient means to measure distance during site visits. not everyone has a tape measure at hand!

 

 

brownpapa
checked the web  looks impressive,  from what i have gathered  i understand they will not be building apartments just a casino and hotel.bads

As for me asking for info on the Kerzner project, no need to advise, i managed to find some info, looks interesting, take a look... - http://www.encyclopedia.com/doc/1G1-119589688.html

It mentions a 600 room hotel but no mention of apartments / villa's... anyone know if there are going to be apartments there??

veeparmar

bads, i dont mean Casablanca is under developed, i was referring to the area surrounding Sunset Beach & not Casablanca itself, however im sure projects will appear in the coming years...

riverq, also take on board what you mean by distance from beach, may have been worth talking in terms of meters from the beach.

As for the Kerzner  project, does this include the "large casino" ,anyone info on this? im assuming apartments / villa's / hotels's are also included on this development?

veeparmar

Casablanca is not under developed!!!

and its only a few miles away, that region is expensive and house some very expenisve homes belonging to the  wealthy  from around the world,even by moroccan standards the apartments are good value for money.

bads
hi veeparmar, I don't know at what pace the person who timed it walked the site end to end, hence I am in no position to comment on the accuracy of the 3 mins/7 mins timeframe unless and until I visit the site and time it myself. It could well take me 6 mins/14 mins to walk the site depending on the pace I take and my physical fitness, but these figures are merely a tool to gauge whereabouts your property is in relation to other properties, using the beach as a reference point. No need to get too bogged down by it.RiverQ

riverq, i take on board what you are saying, however i cant see how the furthest building from the sea on Sunset Beach will be 3 mins from the beach, can you explain,? dont get me wrong i think this 12km of coast will be great but at the moment its still very un-developed, do you know of any other projects in the pipeline?

veeparmar
It seems that Kerzner  will start building the first phase of the huge development in April. All is now ready! can we expect the same for "Les palmiers de Casablanca"? Any news on planning etc..or official cancellation?carpenter

Saffron Villas are offering discounted prices to Les Palmiers clients ONLY on the ground floor garden apartments. The apartment that bads mentioned was a misprint on the pricelist. We have explained this to her and apologised for our genuine mistake. Discounts were not offered on the penthouse or beachfront apartments, as there was no direct comparison to Les Palmiers.

Saffron Villas
It seems to me Sunset beach is exclusively for the UK market....unless some one know different!!!bads

veeparmar, you're not comparing apples with apples.

45k in LP is zone 1 (furthest building is approx. 7 minutes from the beach); there is no equivalent of zone 1 at Sunset Beach, only zone 2 and 3. The furthest building on sunset beach is 3 minutes from the beach. At LP, zone 1 penthouses were priced in excess of 86k, zone 2 at 93k and zone 3 at 100k, beach zone approx. twice of zone 1 therefore you're looking at around 170k. At sunset beach,  penthouses on the equivalent of LP zone 2 starts from 70k, zone 3 at 74k, so in effect, you're looking at minimum in excess of 23k difference in price, zone to zone comparison. Sunset beach apartments are much bigger as well, so in m2 terms, is less expensive.

You're right in terms of this being a long term investment, as the area is undeveloped at the moment, with sunset beach being the first on this 12km stretch of  beach, with many more in the pipeline.  

RiverQ

veeparmar, you're not comparing apples with apples.

45k in LP is zone 1 (furthest building is approx. 7 minutes from the beach); there is no equivalent of zone 1 at Sunset Beach, only zone 2 and 3. The furthest building on sunset beach is 3 minutes from the beach. At LP, zone 1 penthouses were priced in excess of 86k, zone 2 at 93k and zone 3 at 100k, beach zone approx. twice of zone 1 therefore you're looking at around 170k. At sunset beach,  penthouses on the equivalent of LP zone 2 starts from 70k, zone 3 at 74k, so in effect, you're looking at minimum in excess of 23k difference in price, zone to zone comparison. Sunset beach apartments are much bigger as well, so in m2 terms, is less expensive.

You're right in terms of this being a long term investment, as the area is undeveloped at the moment, with sunset beach being the first on this 12km stretch of  beach, with many more in the pipeline.  

RiverQ
bads, im not 100% sure Sunset Beach will be a good investment, prices are the same as apartments available in the more established areas, the reason i was for Les Palmiers was the price, 45k... now were looking at 60k min, new developments are emerging quire frequently, maybe Sunset Beach is more of a longer term investment?veeparmar

After being let  down with las palmiers I ordered the apartment 6 in block7 on sunset beach.I understand now the reviced price was discounted far to heavly and there was know way i would get it at £70,000. Its just i am frightened of reserving any other apartment from the discounted list just incase that comes back as an error also. Sunset beach will be a better spec than las palmiers, so the prices are resonable.

bads
bads, ive asked a few questions with regards to these discounts, will let you know what i find out, i also got the discounted price list a few wks ago, i noticed the discount was about an average of £8,000, this discount you state on the penthouse amounts to £14,000 - i cant see them being able to offer this? however i maybe mistaken..veeparmar
Yes I did ...  i got an email from Saffron with an  pdf attachment with the discounted apartment.....I put a reservation on block7 apartment 6 penthouse priced at £70,567 this is the discount price, I was then told a few days later this is incorrect and the true price is £84,680 which is the full price.....I am just wondering if anyone else had the same problem....I see there are a few Penthouses around £71,000 at the discounted price, are these incorrect too? bads
bads, did you initially have a reservation on Les Palmiers?veeparmar
I was offered  sunset beach at a reduced rate by saffron villas. i wanted to reserve an apartment at the discounted price. Its when i showed an interest in sunset beach, saffron villas removed the discount and were demanding the full asking price. I am only glad i didnt put any money down. Anyone else have this problem with saffron?bads
From what I understand, the developer had an option to buy the land (compromis de vent) on condition that he gained planning permission. He is now trying to re-negotiate that price, as the number of apartments will be around half the amount on the original plans, consequently he wants to pay a lot less for the land. The future of the development is likely to depend on his negotiations.Juddie
Does anyone know if PL already purchased the land?  I heard from one agent that it will go ahead at a much later date, but at a higher price!Hopscotch

Its def a shame Les Palmiers wont proceed, & yes those who had reserved have been offered Sunset Beach at reduced price, not sure if people are gonna go ahead with Sunser Beach, anyone debating what to do?

veeparmar
Jusat heard the same. Shame - sounded too good to be true!! have been offerred sunset beach club at discounted price by saffron villas - but will probably just go through with colina smir at momentStevie_Scouse
Ive heard today from my agent that this site is not going ahead due to planning problems.mgmorgan
anyone know what the delay is all about with this development? We were expecting planning permission a while ago now.....Stevie_Scouse
The developer is Property Logic who are also developing the Le Jardin de Fleur developments in SaidiaHopscotch
anybody know the name of the developer so that I can check planning out ?abimeg
Strangely enough, it appears to be the garden sector at Sunset Beach which is restricted to two storeys - the beach sector is higher!  Can someone explain?Hopscotch
Good point about 2 storeys, though i was under the impression that only certain sectors needed to be this height? Sectors towards the back may well be 4 storey, can anyone confirm?veeparmar
I wouldnt be suprised as other developments along the coast have been restricted to 2 x storeys, which i for one thing is a good thing, they may have thought they could swing it because theres no real development along this part at the moment.skankey
I see that the Sunset Beach development which is next door is now only going to be two storeys high - according to Saffron Villas - does that mean that Les Palmiers will be restricted too?Hopscotch
Any news on planning permision on this developmentskankey
** EDITED ** Please respect terms of postingStrawberry
Hi, Yes i did hear the developer has ceased to take reservations, however i wasnt sure on the reason why.. if what you say is correct then planning permissions should be granted by next Weds..?veeparmar

Hello everyone,

Have put a reservation down as well.

Was told that the developer has ceased taking reservations as of 17th October.  Apparently they are expecting planning permission to be granted by end of this month, whereby price is expected to be increased by an estimated 20%. Anyone heard any different?

 

 

RiverQ
I have reserved one through Property Showrooms.  Seems to be the same as LJDF but at half the price!Strawberry
Hi, I have put a deposit on this development, its cheaper than the med .I am thinking of using it for a holiday home. I think once the cheap flights are up and running all flights to morocco would be more affordable. Lets hope so. bads
Have put deposit down for sector 2 in this development - and one for Colina Smir via Saffron Villas.Idea is to keep one and sell one on completion - but which one to keep is the question?Stevie_Scouse
Not been yet but am going soon as i can.have just heard 350 apts have been reserved,must be alot of confidence in Les palmeries.I really can,t see Mazagan restricting their facilites to residents and guests.kaffron70
I reckon if Casa booms (and its attracting a lot of inward investment) then it will make this part of the Atlantic, unlike the Med coast, less reliant on European tourists for income which can only help longterm value.I should think that Mazagan will help drag Les P prices up towards their own IF Les P occupiers can access all their facilities (golf etc).I heard that Les P was attracting more Moroccon investment than European, but the same goes for Playa Vista, again outside Plan Azur, which has done very well. This is a more risky long term outlook than Plan Azur resorts, but remains alot cheaper. Has anyone actually been to this part of the coast?! henryrbudd
Henry,do you think Mazagan will help prices at Les P,or keep them down because it is an inferior development?.kaffron70
I think rental could be an issue also,although there will be rental guarantee hopefully for 2 years.I,ve been told the market will manly be surfers and Moroccons.I dont know how true it is but one agent told me he,d sold mainly to richMoroccons buying as an holiday home.As far as europeans renting here i think the fact you will have to have to have car hire for 2 weeks e.t.c,which is meant to be expensive could be off putting.What do you think?Despite this my gut feeling is to stick with this one.Where else can you get a fully furnished 83sqm apt for this price.kaffron70
I think Les Palmiers will be a good investment mainly due to the price factor!... the Mazagan resort will be much better but i think prices will start at about 90k for a 2bed!... once this costal area from Casablanca to EL J gets developed Les Pal will increase in value, i think you need to be looking at a longer term investment with this one...veeparmar
Not heard about budgets direct to casa but there are big plans for casa with the 24 hectare Marina development by dubai developers. The apartments at les palmiers are cheap because the land is alot cheaper than the med coast. I reckon this project could do well but once Mazagan is underway resale and rentals could be an issue. Is anyone else thinking of waiting for the other Plan Azur projects to be released?henryrbudd

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