Investir à Casablanca avant 2030 : les opportunités à ne pas manquer !

Casablanca’s Transformation: A Gateway to a Thriving Real Estate Market

Casablanca is undergoing a significant transformation to establish itself as a world-class metropolis, with plans to host major sporting events like the African Cup of Nations in 2025 and the World Cup in 2030. The Local Action Plan (PAC) 2023-2028 aims to enhance the city’s infrastructure and livability, with a strong focus on improving public transport and public spaces, potentially boosting the real estate market.

Boosting mobility to enhance real estate value

According to Moulay Ahmed Afilal, Vice-Chairman of the Local Council, the PAC is focused on upgrading Casablanca’s neighborhoods through various structural projects, including the enhancement of road infrastructures and public transport networks. These initiatives have already shown a significant increase in property and land values across the city, particularly in areas related to mobility.

The recent construction of four tramway lines and two High-level service bus lines has established a public transport network spanning over 100 kilometers. This expansion has positively impacted land and property prices, especially in neighborhoods served by the tramway. Amine Mernissi, a real estate expert, points out that the interest from real estate investors in areas close to tram stations has been notable, extending beyond the city center to the outskirts.

Price dynamics in the Casablanca real estate market

The average selling price per square meter in Casablanca has increased from 10,566 dirhams in 2016 to 11,661 dirhams in 2024, as reported by the Yakeey real estate website. The disparity in price trends is evident, with the Anfa district seeing prices soar from 19,000 dirhams to over 24,000 dirhams in the same period.

In neighborhoods like Al Fida and Aïn Sebaâ, price increases have been more moderate, while areas such as Hay Mohammadi have experienced slight declines. Asmae Abdelaoui, a local real estate agent, notes that property prices tend to rise along tramway routes shortly after project announcements, stabilizing afterward.

The impact of tramway development on residential areas

The introduction of public transport through tramways has generally benefitted urban neighborhoods made up of apartment buildings; however, the effects on residential villa areas are less favorable. Mernissi explains that tramway installations can reduce property values in villa-dominated areas due to noise and visual disruptions. Consequently, buyers are gravitating towards quieter outskirts like Dar Bouazza and Bouskoura.

Investment opportunities in a changing landscape

With the upcoming world sporting events and ongoing developments, real estate investment in Casablanca is becoming increasingly attractive. Mernissi advises investors to seize the opportunity, as the next five years present a pivotal time for property value appreciation. High-end investments in established neighborhoods are seen as secure, while rental properties in developing areas are in high demand due to tourism growth.

For those with limited budgets, investing in older properties needing renovation in historic districts like Habous can also yield profitable returns. These investments can be upgraded for rental or resale, tapping into the ongoing demand for housing in the city.

Conclusion

The transformation of Casablanca is set to redefine its real estate market, making it a promising landscape for both investors and residents alike. Improved public transport, the hosting of global events, and urban development initiatives will continue to elevate the city’s appeal.

Credits

• TelQuel
• Yakeey Real Estate
• Younes Saoury