Marrakech real estate market — prices, rental yield and trend

• Gross rental yield: 8.66%
• 12-month price change (USD): -4.4%
• Net rental yield: 7.68%
• Transaction cost: 10.3%
• Bubble-risk band: low
• Price basis: local-market average

Marrakech is one of the 314 property markets Glopra tracks.

What a buyer pays in Marrakech

Buying costs — transfer tax or stamp duty, notary, registration and agency — come to about 10.3% of the price here. That is close to the 9.5% median across the set. Of that, the transfer tax alone is 4.5–6.5% depending on the buyer and the property; the rest is notary, registration and agency fees.

What it earns

The typical home here lets for about $1,395 a month against a purchase price of $193,400, which is 8.7% gross before tax. Neither figure is quoted per square metre in this market, but both come from the same source, so the ratio between them holds. It ranks 18th of 311 markets by gross yield. Rental income is taxed at 3.1–14.1% — the rate is not a single number here. That is the difference between 7.4% and 8.4% net on the same property. The 7.7% net figure we publish uses 11.3%. On the way out there is a third tax: a non-resident seller pays 3–20% on the gain, depending on how long the property was held and who is selling.

How the tax works. Progressive: a 40% allowance on residential rental income, then the 2025 Finance Law scale (0% up to MAD 40,000, rising to 37%), which gives 3–14% across typical rent levels; the same scale applies to non-residents. The optional 20% flat rate on gross rent is worse at every typical level, and the 10–15% withholding applies only when the tenant is a company or keeps accounts — with a private tenant there is none. Source: mre.gov.ma, Guide 2025.

Where the price sits against its own history

Today’s level sits 13.3% below the country’s own long-run trend — the market is cheap against its own history, not just against other markets. Glopra’s bubble-risk score for Marrakech is 8 out of 100 — low risk. Of the 65 markets scored, 64 read higher. This is a simplified reading: fewer than three index components are available for this market, so treat it as indicative rather than comparable with fully scored markets.

Who can buy in Marrakech

Freehold permitted, except agricultural land. That is the rule a foreign buyer meets first, not legal advice — check the current position locally before you commit.

How this figure is built

The price figure for Marrakech is built from asking prices from listings. It was last refreshed on 2026-10-29. We rate our confidence in this market’s data medium: the series is usable, but thinner or less current than our best-covered markets. We recompute every market the same way, which is what lets Marrakech be compared with a country average or another city.

Sources: darindex.com · globalpropertyguide.com · telquel.ma. Snapshot: 2026-10-29.