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Wraps off the first riad homes planned for Mediterrania-Saidia

15th May 2007 Print
Wraps off the first riad homes planned for Mediterrania-Saidia Plans for the first villa riads to be built at Mediterrania-Saidia, the €1.6 billion golf and marina five-star resort taking shape along six kilometres of the 14 kilometre golden sandy beach at Saidia - a stunning beach location on northern Morocco’s Mediterranean coast - have been unveiled by Saffron Villas Ltd.

The Newbury-based Morocco property specialist is marketing a mix of townhouse villas and riads alongside the resort’s 18-hole golf course from which the scheme - The Fairways - takes its name.

The properties are designed to combine Arabic detail with the requirements of European buyers seeking light and spacious homes for contemporary living.

Available in a variety of sizes and layouts, the properties range in size from a 74.58 sq m one-bedroom home to a three-bedroom, three-bathroom villa of 185.78 sq metres. These floor areas exclude terraces and solariums.

Prices of homes at The Fairways start at £89,950 (€131,900) for a one-bedroom townhouse villa to £218,480 (€320,735) for a three-bedroom villa riad. An easy-payment scheme means that only 40 per cent of the purchase price is payable within the first 12 months from exchange of contracts, with the balance payable on completion.

The Fairways, the second phase of the first golf course development at Mediterrania-Saidia, follows the success of The Greens, the earlier scheme by Birmingham-based Azur Properties announced last year.

The Greens, set in landscaped gardens with three communal pools, comprises 183 air-conditioned fully-furnished two- and three-bedroom apartments, penthouses and duplexes with floor areas ranging from 70 sq m to 175 sq m plus sun terraces.

Saffron Villas says that although 88 apartments already have been sold off-plan, prices remain ‘very competitive.’

Currently the agency is asking £79,900 (€117,163) for a two-bedroom, two-bathroom apartment but it says prices will rise soon in response to demand.

Capital appreciation at Mediterrania-Saidia is rocketing with the value of new properties rising by more than 30 per cent annually.

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Wraps off the first riad homes planned for Mediterrania-Saidia