Marrakech, Morocco
Property prices · 2024 · Africa
Property price trend in Marrakech (2024–2026)
Property comparison — cities in Morocco (2024)
| City | Centre /sqm | Outside /sqm | 1-Bed Rent | vs Marrakech |
|---|---|---|---|---|
| Marrakech | MAD 12,000 | MAD 7,800 | MAD 4,500 | — |
| Casablanca | MAD 22,000 | MAD 14,000 | MAD 6,500 | +83.3% |
| Rabat | MAD 10,500 | MAD 6,900 | MAD 4,000 | -12.5% |
Other Africa cities (2024)
Frequently asked questions
How much does property cost in Marrakech in 2024?
In Marrakech, the average price per sqm in the city centre is MAD 12,000, and MAD 7,800 outside the centre (2024 data). Prices have risen 7.2% since 2024.
How much is rent in Marrakech in 2024?
A 1-bedroom apartment in Marrakech rents for approximately MAD 4,500 per month in 2024. A 3-bedroom apartment costs around MAD 7,200/month.
Is it better to buy or rent in Marrakech?
Buying may offer better long-term value in Marrakech. The price-to-rent ratio is 13.0x — it would take approximately 13.0 years of rental payments to equal the property purchase price. Current mortgage rates are approximately 5.50%.
What are mortgage rates in Morocco in 2024?
The average mortgage rate in Morocco is approximately 5.50% as of 2024. With a price-to-rent ratio of 13.0x, buyers should carefully weigh mortgage costs against rental savings.
What is the price per sqm in Marrakech?
The average property price per square metre in Marrakech city centre is MAD 12,000 in 2024. Outside the centre, expect to pay around MAD 7,800/sqm.