La Perle de Tangier launched by Moroccan Sands

January 17, 2008 (PRLEAP.COM) Business News
Morocco Property - Moroccan Sands are pleased to announce the launch of their new promotion in Tangier “ La Perle de Tangier”. Many people have been describing Tangiers as the new Dubai, partly due to its location as the gateway to Africa and Europe and partly due to the high levels of investment flowing into the region from the Gulf States. Until now this could be thought of as hype and puff typical of much property reporting but now the scale and ambition of this new project would suggest that this vision is becoming a reality.

La Perle de Tangier is a mixed use project features nine towers, six residential, two for offices and a five star hotel all set in landscaped gardens with an artificial lake and water feature at the heart. The facilities, specification and location make this one of the most exciting projects ever to be launched in Tangier and it will compare favourably to any other similar project in any other market.

Michael Kent of Moroccan Sands commented, “ Not only is La Perle de Tangier an attractive, well planned development in a strategically important location but also we estimate that it is available for roughly 30% - 40% below the price per square metre of similar single tower developments nearby. Prices in other locations are typically c.2000 euro per sqm where as La Perle is available for only 1,240 euro per sqm – giving the property investor in Tangier ample opportunity for uplift.”

“The $2 billion Tangier-Med Port is one of the largest civil engineering projects in the Mediterranean and will directly create around 100,000 new jobs, many of whom will be middle and upper management of international corporations relocating from traditional markets to Tangier. As well as the port the aerospace industry is thriving in Tangier and we recently had announcements from Renault that they will be opening a new 600m euro car plant to produce up to 400,000 vehicles a year. Currently there is a distinct shortage of “western standard” accommodation in Tangier and we estimate that projects such as La Perle de Tangier will prove to be highly sought after in years to come.”

Anyone interested in purchasing property in Morocco or property in La Perle de Tangier should contact Moroccan Sands at

DIRECT SPAIN: 0034 952 765 993
FREEPHONE UK: 0800 856 3005
FREEPHONE EIRE:1 800 805 430