What yield can I expect in Tangier?

On year-round rental, gross yields run from about 4% in Malabata to 6–7% in Gzenaya. On short-term rental, a well-placed studio can top 7–8% gross in summer, but sits empty off season. The net yield after charges, tax and vacancy is often 1.5 to 2 points lower.

Can I finance a purchase in Tangier with a murabaha?

Yes, most Moroccan participatory banks finance new-build property in Tangier through murabaha. You typically pay 20–30% upfront, then fixed instalments over 15–25 years. Self-employed applicants must provide proof of activity.

Is buying off-plan worthwhile for an investor?

Often yes: launch prices are generally lower than for delivered units, and instalment payments limit the need for credit. Profitability depends above all on the developer's quality and meeting delivery deadlines. We check both before proposing a project.

May foreigners rent out their property in Tangier?

Yes, a foreign owner may rent out the property, year-round or seasonally, as long as the tax rules and currency regulations for collecting rent are respected. We can put you in touch with a local manager.

Investing in Tangier: yields and financing

Investing in Tangier real estate: yields, areas and financing

Tangier is today one of the Moroccan cities investors watch most closely: Tanger Med port, car and aerospace factories, the high-speed railway, and strong rental demand all year round as well as in season. It is also one of the few cities where you can still find new-build projects under 800,000 MAD in developing districts.

Investing in Tangier starts with choosing a strategy: long-term rental (stable, roughly 4–6% gross depending on the district), short-term rental (higher in summer, more management) or capital growth on resale (strong in areas being transformed).

Levana works with the developers, which gives you access to launch prices and project plans. We help you compare the real net yield (charges, taxes, vacancy) before you sign.

95 · Our new-build projects in Tangier

From MAD 250,000

Delivery 2023 – 2030

Indicative rental yield by district

Malabata: 4–5% gross on year-round rental, more on short-term (summer) but with off-season vacancy.
Ibn Battouta: 5–6% gross, steady demand from professionals and families.
Mesnana: 5.5–6.5% gross, one of the best price-to-rent ratios in the city.
Gzenaya: 6–7% gross, but heavily dependent on the Tanger Med job market.
These figures are indicative; the net yield depends on charges, taxation and management.

Financing your purchase: bank loan or murabaha

Morocco offers two main types of financing:

• Bank mortgage: typically 20–30% down payment, terms up to 25 years, rate depending on the bank and the borrower's profile. Available for new-build and existing property, including instalment purchases from a developer.

• Murabaha (Islamic finance): the bank buys the property and resells it to you at an agreed price with fixed instalments and no interest. Suited to buyers who want sharia-compliant financing; terms differ between banks.

Either way, prepare: ID, payslips or proof of income, proof of the property price and, for a foreigner, a Moroccan bank account. Developers of large projects often offer instalment payments over 2 to 4 years, which removes the need for a loan on part of the price.

We refer you to a mortgage broker or a bank, but do not offer credit ourselves.

Taxes and paperwork for investors

Rental income is taxed annually, and non-residents also need to consider exchange-control rules. On a purchase, allow for registration duties, notary fees (around 4–6% of the price) and land registry charges. We help gather the documents and can put you in touch with a trusted notary or accountant.

Do not look only at rental yield: resale gains are strong in developing districts, and a property bought off-plan at launch price can gain value by the time it is delivered.

Available projects in Tangier