Gross rental yields in Morocco: Casablanca and 3 other cities

The average gross rental yield in Morocco stands at 4.41% (Q1, 2024). 

  • Casablanca
  • Agadir
  • Marrakesh
  • Tangier
  Last Updated: Feb 20, 2024
CASABLANCA - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Racine  
2-Bedroom $229,823 $1,099 5.74%
3-Bedroom $309,761 $1,399 5.42%
4+Bedroom $459,646 $1,799 4.70%
Gauthier  
2-Bedroom $174,865 $999 6.86%
3-Bedroom $314,757 $1,399 5.33%
4+Bedroom $439,661 $1,624 4.43%
Dar Bouzza  
2-Bedroom $154,381 $899 6.99%
3-Bedroom $229,823 $1,299 6.78%
Bourgogne  
2-Bedroom $148,385 $849 6.87%
3-Bedroom $229,823 $1,074 5.61%
Casablanca (all locations)  
1-Bedroom $113,412 $750 7.94%
2-Bedroom $150,559 $949 7.56%
3-Bedroom $239,815 $1,349 6.75%
4+Bedroom $404,688 $1,599 4.74%
Casablanca avg. Rental Yields 6.75%
AGADIR - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Agadir (all locations)  
2-Bedroom $116,110 $500 5.17%
3-Bedroom $114,911 $650 6.79%
Agadir avg. Rental Yields 5.98%
MARRAKESH - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Marrakesh (all locations)  
1-Bedroom $93,428 $700 8.99%
2-Bedroom $139,892 $780 6.69%
3-Bedroom $173,866 $750 5.18%
Marrakesh avg. Rental Yields 6.95%
TANGIER - Apartments COST ($) YIELD (p.a.)
TO BUY MONTHLY RENT
Tangier (all locations)  
2-Bedroom $129,900 $750 6.93%
3-Bedroom $180,486 $1,000 6.65%
Tangier avg. Rental Yields 6.79%
All yields are gross - i.e., before taxes, repair costs, ground rents, estate agents fees, and any other costs. Net yields (what you´ll really earn) are typically around 1.5% to 2% lower.
Source: Global Property Guide and Sarouty

Research Methodology: To conduct this research, we searched for studio, 1-bedroom, 2-bedroom, 3-bedroom, and 4-bedroom apartments in the largest cities of Morocco. We used the local real estate listing website for both buying and renting prices to determine the average gross rental yields (Monthly Rent x 12 / Purchase Price).

For instance, if the monthly rent is $500 and the purchase price is $100,000, the calculation would be: $500 (Monthly Rent) x 12 / $100,000 (Purchase Price) = 6% (Gross Rental Yield).