??Ten years ago the Palmeraie barely existed, and the land was almost worthless,?? said Alban Pamart, owner and director of Atlas Immobilier, a Marrakesh-based real-estate agency specializing in expensive properties. But within the last several years, Marrakesh has emerged as a major style capital. ??All the Europeans who wanted a place with prestige and luxury bought in the Palmeraie,?? he said.
An acre of land in this emerging style-capital goes for anywhere between $170,000-$570,000 and construction per foot runs about $125. Even if you can’t avoid these prices, Morocco is one of the places in the world you should visit and you shouldn’t be scared to; plus your dollar will go a long way there.