Tangiers Property FAQs
Q. What country is the Resort based in?
A. Tanjah Beach & Golf Resort is based 10 miles suth of Tangiers on the Atlantic coast in Morocco.
Q. Where is Morocco?
A. Morocco is just below the Southern tip of Spain on the Northern tip of Africa.
Q. What is the nearest town or city?
A. The Resort is 17km south of the city of Tangier and Rabat the capital of Morocco is fairly near too.
Q. Where is the nearest International Airport and what is its distance from the development?
A. Tangier has a new international airport just 10 minutes from the Resort.
Q. Is the airport open 12 months of the year?
A. Yes! Tangier's new international airport is open all year.
Q. What is the travelling time to proposed Resort?
A. Tangiers is just 3 hours flight from the UK, with its airport conveniently situated near the Resort.
Q. What is unique or makes this a good investment?
A. Key advantages:
Rapid increase in economy and investments;
impressive range of tourist attractions;
excellent transport and access available;
property market and taxes are particularly attractive.
Closest tropical destination to the UK (just 3hr flight) and ensures an excellent rental income.
Also, Dreamworld are offering a unique way of paying the 25% deposit in installments.
Q. What is the specification of the build?
A. The entire Resort will be built to a 5-star standard.
Q. How many units are there?
A. Mixed development of approximately 3500 units.
Q. What type of units are there?
A. 2 bed apartments, 3 bed penthouses, 3 bed villa/townhouses
Q. What appliances are included?
A. Hot/cold air-conditioning unit, storage areas, safe, fully fitted kitchen with granite work tops, shutters/blinds, phone, satellite and internet connectivity, heat reflective glass throughout, fitted bathroom suite and Jacuzzis on the terraces of the penthouses and villas.
Q. What are the floor coverings to be?
A. There will be rustic floor tiles and marble wall tiles in all buildings.
Q. Will the units have balconies?
A. Virtually all units have terraces with balconies. These have been arranged in a unique way so that none of the balconies are overlooked.
Q. What other amenities will there be?
A. 18 hole world-class golf course,
indoor spa and fitness club,
sports centre,
tennis and paddle courts,
35 swimming pools,
children's club and playgrounds,
beach club with water-sport facilities,
restaurants, bars, night clubs,
open air amphitheatre and cinema,
medical centre,
business facilities,
car rental and transfer office,
24hr/365day security,
supermarkets,
tourist shop,
hair salons,
boutiques,
a souk market in the main piazza to allow local traders to exhibit and sell
the entire development is gated
Q. Is there a furniture pack included? If not what will the approximate cost be?
A. Furniture pack's are not included and further information will be made available in the near future by Dreamworld.
Q. Is car parking included, if so how many spaces?
A. There will be appropriate underground parking facilities for each property.
Q. What is the style of build?
A. Dreamworld has collaborated with Anaya Arquitectos, one of Spain's finest architects, in correlation with a modern feng shui style.
Q. How many stories?
A. Each unit has four floors, the top story exclusive to the three penthouses.
Q. Will buyers have the right to purchase individual floors, and aspects?
A. Buyers can purchase whatever units they wish as long as they are available.
Q. When will full sets of plans be available on the area showing the road, train and airport proximities?
A. Full sets of plans will be available on the website. Currently the boat trip from Gibraltar to Tangier takes 35 min's, it is 10 minutes drive from Tangier airport to the site, a new motorway toll was finished at the end of 2005 from Rabat to Tangier with its own exit specifically for this development and there is a proposal for two 39km tunnels to be built linking Morocco and Spain.
Q. What is the exact pricing structure?
Bedrooms Floor Approx Price
(Euros) Price persq.m
(Euros)
2 bed/2 bath Ground 132,000 102.00
2 bed/2 bath First 138,000 106.00
2 bed/2 bath Second 144,000 112.00
3 bed/2 bath Penthouse 190,000 114.00
Q. Is a deposit required, if so when and to whom?
A. A Euros 2,800 reservation fee and Euros 2,200 administration fee are due before we can start processing the reservation.
Q. Is the deposit refundable?
A. Yes, up to exchange of contracts.
Q. What will it cost to reserve a property?
A. Refer to price list.
Q. Is there a rental guarantee?
A. There will be a guarantee package with a rental value to include 10% of the purchase price.
Q. What sort of capital growth has been experienced in this area and what are the prospects?
A. Between 20-25% per annum in Tangier, nationally between 15-25%.
Q. Does the client require a foreign bank account?
A. buyers must open a bank account in Morocco for mortgage purposes.
Q. Are mortgages available, if so whom are they done through and what types are available?
A. Dreamworld had agreed a special rate for mortages of at least 75% of the purchase price over a term of 15 years. You can arrange your mortgage through Dreamworld. Dreamworld have some fantastic nd unique arrangements in place for the mortgages of this development.
Q. Is life insurance mandatory on the mortgage?
A. No, but is advisable.
Q. Who will be the management agents?
A. Dream Locations.
Q. Are copies of the purchase contracts available and easily obtained?
A. Currently being finalised and will be available by December 2006 to February 2007.
Q. Are the contracts assignable?
A. Yes contracts are assignable.
Q. Are there stage payments available? If yes, is a deposit needed and are details of this easily obtained?
A. Stage payments are available through the Deferred Payment Plan (DPP). The standard reservation and admin fee are required and then three months (if using monthly scheme) are payable in the first instalment. Details of this can easily be obtained off the Dreamworld website or through an introducer.
Q. What are the anticipated purchase costs?
A. Buyers should allow for approximately 6% of the purchase price or up to 7% if requiring a mortgage.
Q. What is the tax on rental income?
A. Buyers will not have to pay any rental income tax in Morocco for 3 years and thereafter between 22% and 44%. Tax on the rental value of the property is not payable on the first 5 years and thereafter at 13.5% payable annually. Buyers should take their own independent advice in respect of their tax liability.
A. Please refer to our separate bulletin on the website on "Taxes in Morocco".
Q. Has the Authorisation for the Resort been granted?
A. Yes, on 16.12.06. The Authorisation can be compared with the Outline Planning Permission granted in the UK.
Q. Has the Construction Licence been granted?
A. No, but it is expected in March 2007. The Construction Licence can be compared with the detailed Planning Permission granted in the UK. Prives will rise by 20% - 25% on receipt.
Q. Does the Developer own the site?
A. Yes and it is registered at the Land Registry.
Q. What does Dreamworld offer for this Investment?
A. Dreamworld offers:
• The opportunity to purchase at preconstruction licence prices.
• Exceptional mortgage package.
• Exclusive Rental package.
• Furniture package.
• UK legal representation.
• Low acquisition cost.
• Re-sales service
• After sales service.
• Case-tracking facilities.
• Online web cams to keep you updated on build progress 24 hours a day, 365 days of the year until final completion.
• 5 Star European standards signature developments.
Q. Will there be a price increase?
A. Yes, upon the grant of the Construction Licence prices will rise by about 20%.
Q. Is VAT included in the purchase price?
A. Yes VAT is 14% and is included in your purchase price.
Q. Are there bank guarantees for the monies paid over?
A. Yes.
Q. Is there any bank comfort letter and the Developer's bank?
A. Yes, you can view this in the documentation section of the Tanjah Beach & Golf Resort website.
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