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El Oasis de Marrakech

Discussion in 'Morocco Property' started by propertyinvest, Feb 20, 2007.

  1. propertyinvest

    propertyinvest Active Member

    Has anyone invested or looked into this resort the company i use has started to promote it, it is already 6 months into build so must be some of you that know about it. I probably wont invest , gone a bit heavy the last few months need to take a step back. Looks a good deal though and a nice resort, i feel marrakech might apeal to more investors than other areas, Not bad incentives 2years mortgage paid plus all other charges , wish i knew about this because i bought 2 at the tanjah , could have gone 1 in each , will have to see.

    Have a look anyway

    Morocco - El Oasis de Marrakech
     
  2. fairfax

    fairfax New Member

    All the agents seem to be hyping this up, but there are a few details that don't look very good:

    1) The $2000 initial reservation deposit is non-refundable - what if the contract is unreasonable and the developer doesn't budge;

    2) The price doesn't seem to include a furniture package;

    3) Life insurance seems to be compulsary with the mortgage; it could be expensive to sell the pllace on and close the mortgage.
     
  3. propertyinvest

    propertyinvest Active Member

    Hi thanks for the heads up

    I will look into the reservation fee, seems a bit off.

    Regards to the funiture pack i find it is the norm with off plan property.
     
  4. Buy Low Sell High

    Buy Low Sell High New Member

    I like the looks of Samanah Country Club better but I suppose it's not a comparable project to this one?
     
  5. martinm

    martinm New Member

    wouldnt be in to that mortgage paided thats a real joke.
     
  6. propertyinvest

    propertyinvest Active Member

    Martin, can i ask why you feel getting the mortgage paid for 2 yrs is a joke. Do you know something i dont, any advice would be helpful.
     
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