Property type: Apartment
Property Status: Projects and Investments
City : Tangier
Neighborhood:Achakar
Year: 2023
Number of buildings: 7
Lot size: 5000 sqm
Average price of land per sqm: 16 000 dh
Average price of apartment per sqm: 19 000 DH
How many floors: R7
Minimum Profit: 291 000 000 dh
Number of Apartments: 196
One apartment building cost price : 400 000 dh
One apartment selling price : 1 600 000 dh
Total construction cost : 102 000 000 dh
Number of apartments in each floor : 4
One apartment sqm : 100 sqm
Luxury finish villas price per sqm : 4000 dh
Achakar , located in Tangier, is an area that has been experiencing significant growth in recent years. It is an excellent location for investment, especially in the real estate sector. The area offers a great opportunity to investors who are interested in buying apartments for sale in 2023.
One of the investment opportunities available is the sale of apartments in a building comprising seven floors, with a total of 196 apartments. The building will be constructed on a 5000 sqm land and will be finished to a luxurious standard. The cost of constructing the building is estimated to be 102,000,000 DH, while the total land price is 77,000,000 DH.
Each apartment in the building will have a size of 100 sqm, and they will be sold at a price of 1,600,000 DH each. The average area price per sqm for the apartments is 19,000 DH, while the average area price per sqm for the land is 16,000 DH. The building will comprise four apartments on each floor, and it will have a total of 49,000 sqm of construction.
The minimum profit for investors in this project is estimated to be 291,000,000 DH. This profit can be achieved by subtracting the total cost of constructing the building and the land price from the total sales price of all the apartments. With a luxurious finish, the apartments will be highly sought after, which will enable investors to achieve a significant return on their investment.
Investors also have an opportunity to invest in the construction of luxurious villas on the land. The villas can be sold at a price of 4000 DH per sqm, which will yield a significant profit for the investor. The construction of the villas will also increase the value of the land, which will make it an even more attractive investment opportunity.
In conclusion, Achakar, Tangier offers excellent investment opportunities for those interested in the real estate sector. Investors can take advantage of the high demand for apartments in the area and achieve a significant return on their investment. With a minimum profit of 291,000,000 DH, this investment opportunity is worth considering.
