MRE Guide 2026: Investing in Moroccan Real Estate from Abroad — Steps, Benefits, and Pitfalls
Équipe Aqarrati
Experts en immobilier au Maroc
With over 5 million Moroccans Residing Abroad (MRE), the Moroccan diaspora is a key player in the national real estate market. In 2025, MRE transfers reached a record of 117 billion dirhams according to Bank Al-Maghrib. Real estate remains their top investment choice. This guide walks you through your investment project from Europe, the United States, the Gulf, or anywhere else.
Why Do MREs Invest in Moroccan Real Estate?
Motivations are multiple: building retirement assets, having a home base during visits to Morocco, generating rental income in dirhams or foreign currency, and leaving an inheritance. The Moroccan market offers net rental yields between 4 and 8% depending on cities and property types.
Specific Tax and Regulatory Advantages for MREs
- Customs duty exemption on furniture imported to furnish the property
- Possibility to purchase in foreign currency via a convertible dirham account
- Guaranteed repatriation of rental income and sale proceeds in foreign currency
- Access to mortgage credit from Moroccan banks even from abroad
- Double taxation conventions with France, Spain, Italy, Belgium, and other countries
- 0% VAT on social housing acquisition under conditions
Step-by-Step Purchase Process for MREs
- Step 1: Define budget and property type (new, old, land)
- Step 2: Appoint a certified real estate agent or use reliable online platforms
- Step 3: Verify the land title with the National Land Registry Agency (ANCFCC)
- Step 4: Sign a preliminary sale agreement with a notary or lawyer
- Step 5: Transfer funds via SWIFT to a convertible dirham account in Morocco
- Step 6: Authenticate a notarial power of attorney in your country of residence
- Step 7: Land title registration and payment of fees (4%)
- Step 8: Keep the AMANA file for future fund repatriation
Financing Your Purchase from Abroad
| Bank | MRE Offer | 2026 Rate | Specificity |
|---|---|---|---|
| Attijariwafa | Miftah Al Khir | 5.0-5.3% | Extensive European network |
| Banque Populaire | MRE Immobilier | 5.1-5.4% | Dedicated MRE agencies |
| CIH Bank | CIH Green MRE | 4.9-5.2% | Green bonus for certified properties |
| BMCE BOA | Maghrib Al Arabi | 5.0-5.3% | Multi-currency |
Pitfalls to Absolutely Avoid
- Buying without verifying land title: risk of hidden debts or co-ownership
- Paying a deposit without a preliminary sale agreement from a notary or lawyer
- Transferring funds without opening a convertible dirham account
- Trusting an intermediary without an official agency mandate
- Forgetting to declare rental income in Morocco (property IR: 10-15%)
Most Popular Cities for MREs in 2026
Casablanca remains the top MRE destination (35% of purchases), followed by Rabat (22%), Marrakech (18%), and Tangier (12%). European MREs prefer Casablanca for easier management, while Gulf MREs direct purchases toward Marrakech for prestige real estate.
Frequently asked questions
Can you buy property in Morocco without being there?
Yes, through a legalized notarial power of attorney, a trusted representative can sign the deed of sale on your behalf.
How to repatriate money from the sale of property in Morocco?
If you acquired the property through a convertible dirham account and kept the AMANA file, repatriation is guaranteed by the Exchange Office regulations.
Do I have to pay taxes in Morocco on rental income as an MRE?
Yes, property income is subject to IR at 10% net. Double taxation conventions avoid paying twice in your country of residence.
What is the difference between an ordinary and convertible dirham account?
The convertible dirham account allows you to import and repatriate foreign currencies freely. It is essential for MREs investing with funds from abroad.
Manage your properties with Aqarrati
Compliant contracts, payment tracking, and automatic reminders — all in one dashboard.
Try for free