Property investors based in the UAE who are looking to splurge on prime Moroccan real estate will be able to take advantage of a unique investment opportunity this week, when the capital hosts SMAP Expo Abu Dhabi for the first time. Taking place on Jan. 24-26 January at Abu Dhabi National Exhibition Centre (ADNEC), SMAP Expo Abu Dhabi is the leading global Moroccan real estate and lifestyle exhibition, shining a spotlight on a full line-up of more than 35 major Moroccan developers showcasing their latest property developments in the popular North African tourism destination. Several high profile developers will be using the three-day event in the UAE capital to launch their real estate projects, as investors look to take advantage of a rosy outlook for the Moroccan real estate market, which attracted a majority share of foreign direct investment in 2012, the Moroccan Exchange Authority said. Alliance Development, Bab Al Bahr, Casa Marina, Groupe Al Amane, Hivernage Garden Marakech, Holmarcom, Marchika, Marina D'or, Onapar, and Palm Real Estate will all showcase flagship projects in 25 Moroccan cities including Marrakesh, Agadir, Rabat, Casablanca, Tangier, Fez, Tetouan, Nador, and Saidia. Samir El Chammah, CEO of SMAP Group, organizers of SMAP Expo Abu Dhabi, said: “Moroccan real estate has always been an attractive investment option for UAE investors due to the relatively low cost of living and favourable exchange rates.” – SG
