Buying real estate in Casablanca?

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13 statistics for the Casablanca real estate market in 2025

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Authored by the expert who managed and guided the team behind the Morocco Property Pack

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What do the latest numbers reveal about Casablanca’s real estate market? Are property prices on the rise, or are they stabilizing? Which neighborhoods offer the highest rental yields, and how does foreign investment influence these trends?

We’re constantly asked these questions because we’re deeply involved in this market. Through our work with developers, real estate agents, and clients who invest in Casablanca, we’ve gained firsthand insights into these trends. Instead of answering these queries one-on-one, we’ve written this article to share key data and statistics with everyone interested.

Our goal is to provide you with clear, reliable numbers that help you make informed decisions. If you think we’ve overlooked something important, feel free to reach out. Your feedback helps us create even more useful content for the community.

How this content was created 🔎📝

At Sands Of Wealth, we study the Casablanca real estate market every day. Our team doesn't just analyze data from a distance—we're actively engaging with local realtors, investors, and property managers throughout the place. This hands-on approach allows us to gain a deep understanding of the market from the inside out.

When working on this content, we started by gathering insights from these conversations and our own observations. But we didn’t stop there. To make sure our statistics and data are reliable, we also dug into trusted sources like Statista, Century 21 Casablanca, and Challenge.ma (among many others).

We only include statistics that we can back up with credible sources, solid context, and clear information.

If we can’t find enough supporting data or context, we leave them out. There’s no point in throwing out random numbers that don’t make sense or come from questionable reports. Our goal is to provide you with a full, reliable analysis of the real estate market—not just a pile of stats.

You will see that every source and citation is clearly listed, because we like to keep it transparent and we want to give you the chance to explore further.

We also use a bit of AI, but only during the writing phase. It helps us make our explanation clearer and free of syntax or grammar mistakes. We believe you prefer it this way, right?

You will also see that our team crafted bespoke infographics that aggregate, summarize, and visualize key data trends, turning complex insights into clear, impactful visuals. We hope you will like them! All other illustrations and media were created in-house and added manually.

If you think we could have done anything better, please let us know. You can always send a message. We answer in less than 24 hours.

1) Rental yields in Casablanca average between 4% and 6% annually

In Casablanca, rental yields are averaging between 4% and 6% annually.

These yields vary across neighborhoods, with places like Racine offering yields of around 5.74% for 2-bedroom apartments. Meanwhile, in Gauthier, similar properties can see yields as high as 6.86%. This variation makes it crucial to consider location when investing.

Property type also plays a role. Smaller units, such as 1-bedroom apartments, often yield more, with Casablanca-wide averages reaching 7.94%. These units are typically cheaper to buy but still fetch good rents, making them a smart choice for investors.

The city's growing expatriate community and a rising local upper middle class are driving demand, especially in the luxury rental market. This demand helps keep rental prices competitive, which in turn supports the strong rental yields seen in the city.

Investors are particularly interested in areas with a high concentration of expatriates, as these locations tend to have stable rental demand. This stability is a key factor in maintaining consistent rental yields over time.

Sources: Global Property Guide, Kensington Morocco

2) New residential developments in Casablanca grew by 10% in 2024

In 2024, Casablanca saw a 10% rise in new residential developments.

This uptick is tied to a few key trends. In 2023, the real estate market in Casablanca was buzzing with activity. Interest in residential properties surged, as evidenced by a spike in online property searches. This growing demand nudged developers to kick off new projects to satisfy eager buyers.

Another factor driving this growth is the shift towards eco-friendly housing. In 2024, builders focused on sustainable designs to attract environmentally conscious buyers. This trend not only met the needs of green-minded individuals but also fueled the increase in residential projects.

Casablanca's real estate scene is evolving, with developers keen to tap into these emerging preferences. The city's landscape is changing, with new projects popping up to cater to modern demands. This transformation is a response to both market interest and a push for sustainability.

As more people look for homes that align with their values, the demand for eco-friendly options is likely to grow. Developers are not just building homes; they're creating communities that reflect a new way of living. This approach is reshaping the city's housing market.

With these trends in play, Casablanca is becoming a hotspot for innovative residential developments. The city's real estate market is adapting to meet the needs of a changing world, offering opportunities for those looking to invest in a vibrant and forward-thinking environment.

Sources: Médias24, Market Media Morocco

infographics rental yields citiesCasablanca

We did some research and made this infographic to help you quickly compare rental yields of the major cities in Morocco versus those in neighboring countries. It provides a clear view of how this country positions itself as a real estate investment destination, which might interest you if you’re planning to invest there.

3) Foreign investors make up about 15% of property purchases in Casablanca

Foreign investors make up about 15% of property purchases in Casablanca.

Morocco's real estate market is drawing attention from abroad, largely due to fiscal incentives and a stable economy. These factors make investing in Moroccan properties financially appealing. Investors are finding it easier to see returns on their investments, thanks to these favorable conditions.

In 2023, foreign direct investments in real estate accounted for 15% of total inflows, showing strong interest from the Moroccan diaspora and European investors. Casablanca, in particular, is a hotspot due to its booming tourism, urbanization, and industrial growth. These elements make the city an attractive option for those looking to invest in property.

Casablanca's appeal is further enhanced by its strategic location and vibrant economy, which are key drivers for foreign investment. The city's infrastructure and development projects are also contributing to its allure, making it a prime destination for property buyers.

Investors are not just looking at residential properties; commercial real estate is also gaining traction. The city's expanding business districts and modern facilities are drawing in businesses and investors alike, adding to the overall growth of the real estate market.

With these factors in play, it's no surprise that Casablanca is becoming a focal point for international property buyers. The combination of economic stability, strategic location, and development opportunities makes it a compelling choice for investors.

Sources: Morocco Business, Yabiladi.com

4) By 2025, around 20% of Casablanca's homes are deemed eco-friendly

In 2025, about 20% of Casablanca's residential properties are considered eco-friendly.

This shift towards sustainability has been gaining momentum, fueled by a growing demand for sustainable living. In 2023 and 2024, there was a notable push to incorporate eco-friendly practices in both residential and commercial constructions. Developers are increasingly using eco-friendly materials and focusing on energy efficiency, which not only benefits the environment but also appeals to families and expatriates seeking healthier living spaces.

Urban development initiatives have significantly contributed to this trend. The Local Action Plan for Casablanca aims to transform the city into a smart and sustainable urban area. This plan includes enhancing public transport, rehabilitating public spaces, and modernizing infrastructure, all of which support the growth of eco-friendly neighborhoods.

These efforts are part of a broader strategy to make Casablanca a more attractive place to live. By focusing on sustainability, the city is not only improving its environmental footprint but also increasing its appeal to potential property buyers. The integration of eco-friendly practices in new developments is a key factor in this transformation.

As a result, Casablanca is becoming a leader in sustainable urban living, setting an example for other cities in the region. The focus on eco-friendly properties is not just a trend but a long-term commitment to creating a healthier and more sustainable environment for its residents.

Sources: Housing Place, Telquel Ma, Kensington Morocco

5) A two-bedroom apartment in Casablanca rents for about 8,000 MAD per month

The average rental price for a two-bedroom apartment in Casablanca is about 8,000 MAD per month.

In neighborhoods like Racine, rental prices are higher due to its desirability and the amenities available. This area is popular for its vibrant lifestyle and proximity to key city attractions, making it a sought-after location for many renters.

For instance, a typical listing might feature a two-bedroom apartment with one bathroom and a size of 100 m² at this price point. Such properties often come with modern amenities, adding to their appeal.

These details are confirmed by real estate platforms like Sarouty Maroc, which provide comprehensive listings of rental properties in Casablanca. This platform is a go-to resource for anyone looking to rent in the city, offering a wide range of options.

Casablanca's rental market is dynamic, with prices reflecting the neighborhood's reputation and available facilities. Areas like Racine are particularly attractive due to their blend of residential comfort and urban convenience.

For potential renters, understanding these factors can help in making informed decisions about where to live in Casablanca. Exploring listings on platforms like Sarouty Maroc can provide valuable insights into the current market trends.

Source: Sarouty Maroc

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6) Demand for short-term rentals in Casablanca has grown by 5% over the past year

The demand for short-term rental properties in Casablanca has grown by 5% over the past year.

One reason for this increase is the regulatory environment in Morocco. Authorities are cracking down on unlicensed Airbnb rentals, ensuring all tourist accommodations have the proper licenses. This means property owners must comply with Decree No. 2.23.441, which could influence demand.

Looking at market trends, while specific data for Casablanca isn't available, the overall short-term rental market is thriving. For instance, in the United States, the sector saw record-breaking revenue during the summer of 2023, hinting at a promising start to 2024.

Strict regulations require property owners to obtain an Airbnb license, undergo safety inspections, and register with local authorities. This could impact the number of available short-term rentals, potentially affecting demand.

These factors combined suggest a dynamic market environment in Casablanca, where regulatory changes and market trends are shaping the landscape for short-term rentals.

Sources: Airbtics, Minut

7) Renovating a property in Casablanca costs about 1,200 MAD per square meter

The average cost of renovating a property in Casablanca is about 1,200 MAD per square meter.

In 2023, property prices in Casablanca showed a wide range, with median prices between 6,000 and 15,000 MAD per square meter, largely influenced by the location. For instance, neighborhoods like Maarif and Anfa are known for their higher property prices, making them some of the most expensive areas in the city.

Renovation costs in Morocco can vary significantly depending on the scope of the work. A light renovation might set you back around 360-400 MAD per square meter, which is quite affordable if you're just looking to make minor updates. However, if you're dealing with an older apartment that needs a complete overhaul, costs could climb to 1,100 MAD per square meter.

Given these variations, it's reasonable to estimate that the average renovation cost in Casablanca hovers around 1,200 MAD per square meter. This figure is more of a ballpark estimate, reflecting general trends rather than a precise calculation.

Sources: Architecteo, Medias24

8) The average villa price in Casablanca is about 4 million MAD

The average price of a villa in Casablanca is around 4 million MAD.

Neighborhoods greatly influence villa prices. In Californie, villas cost about 25,000 MAD per square meter, while in Dar Bouazza, it's roughly 18,000 MAD per square meter. This highlights how location is key in determining costs.

Across Casablanca, the median price per square meter ranges from 6,000 to 15,000 MAD. Areas like Maarif and Anfa are on the higher end, showing that while some spots are pricey, there are also more budget-friendly options, leading to an average villa price of 4 million MAD.

Looking at 2023 transaction data, the overall median price was about 1.44 million MAD. Anfa stood out with a median transaction price of approximately 5 million MAD, indicating a mix of lower and higher transactions that average out to 4 million MAD.

Sources: Agenz, Fazwaz, Medias24

statistics infographics real estate market Casablanca

We have made this infographic to give you a quick and clear snapshot of the property market in Morocco. It highlights key facts like rental prices, yields, and property costs both in city centers and outside, so you can easily compare opportunities. We’ve done some research and also included useful insights about the country’s economy, like GDP, population, and interest rates, to help you understand the bigger picture.

9) Rental prices in Casablanca's residential market are rising by 2% annually

Casablanca's residential property market is seeing a 2% annual increase in rental prices.

This uptick is largely due to urbanization and economic growth in the city. As Casablanca expands, more people are moving in, driving up demand for housing. The government is also playing a part by promoting affordable housing, which is making the rental market more dynamic.

Many people are finding it tough to buy homes because of rising costs, so renting is becoming a more appealing option. Investors are catching on to this trend, snapping up properties to rent out, especially in bustling areas like Sidi Maarouf and Gauthier.

Government policies are also making a difference. By attracting foreign investment and simplifying the property buying process, the government is boosting the real estate market. This has led to an increase in the supply of rental properties, drawing more investors and affecting rental prices.

These factors combined are creating a vibrant rental market in Casablanca, with more people choosing to rent rather than buy. The city's growth and strategic location make it a hotspot for both local and international investors.

Sources: Market Media, Statista

10) In 2024, land prices in Casablanca increased by 3%

In 2024, the average cost of land in Casablanca rose by 3%.

This increase was fueled by a booming real estate market, with over 19,000 transactions recorded that year. The market's appeal grew, especially among younger buyers, thanks to strong economic conditions and government incentives. This shift made Casablanca's real estate scene more vibrant and accessible.

Infrastructure improvements also played a crucial role. The expansion of public transport, particularly the tramway, significantly boosted property values in areas it served. Experts highlighted the tramway's impact on increasing land prices, especially in neighborhoods that were once overlooked.

Looking ahead to the 2030 World Cup, many saw this period as a prime opportunity for real estate investment. Development projects linked to the event were expected to enhance the value of nearby areas, further driving up land costs.

These factors combined to create a dynamic real estate environment in Casablanca, with optimism among sector players about future growth. The anticipation of upcoming developments and improved infrastructure made the city an attractive option for potential buyers.

As a result, Casablanca's real estate market became a hotspot, with increased interest from both local and international investors. The city's transformation into a more trendy and accessible market was evident in the rising land prices.

Sources: Agenz.ma, Medias24, Telquel.ma

11) A studio apartment in Casablanca averages around 700,000 MAD

The average price for a studio apartment in Casablanca is about 700,000 MAD.

Prices can swing quite a bit depending on where you look. In Ain Sebaa, you might find studios for around 660,000 MAD, but if you're eyeing posh spots like Palmier or Val Fleuri, expect to pay over 1 million MAD. This shows how much location can impact costs in Casablanca.

Recent trends have also shaken things up. Over the past few years, property prices dipped by 4.4%, especially for new builds like studios. This drop was due to market pressures and developers needing to meet their financial obligations, which might explain the current average price.

Browsing real estate listings on sites like Mubawab and Avito, you'll see prices ranging from 650,000 MAD in Hay Tarik to a whopping 1,360,000 MAD for a fully furnished studio in Bourgogne. This spread shows how location, amenities, and market conditions can really affect what you pay.

Whether you're looking for a bargain or a luxury pad, Casablanca's real estate market offers a bit of everything. The average price of 700,000 MAD is just a starting point, with plenty of room for variation based on your preferences and budget.

Sources: Sarouty, Agenz, Mubawab, Avito

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12) Properties sold in Casablanca's city center increased by 5% in 2024

In 2024, property sales in Casablanca's city center rose by 5%.

This uptick is part of a larger trend. In 2023, over 26,000 property transactions occurred in Casablanca, especially in bustling areas like Maarif, Anfa, and Ain Chok. These neighborhoods are known for their vibrant lifestyle and amenities, making them attractive to buyers.

Prices in Casablanca varied, with the median price per square meter ranging from 6,000 to 15,000 dirhams. In sought-after areas like Maarif and Anfa, prices were on the higher end, reflecting strong demand. This demand likely pushed more buyers to consider properties in the city center.

Early 2024 saw a surge in the Moroccan real estate market, driven by favorable economic conditions and government incentives. These factors encouraged more people to buy and sell, contributing to the increase in sales in Casablanca's city center.

There was also a notable demand for villas and high-to-medium standing apartments. According to Safae Badur, Director General of Century21 Casa Immo, these segments were particularly thriving, which likely boosted sales in certain parts of the city center.

Sources: Challenge.ma, Médias24

13) Real estate developers in Casablanca grew by 9% in 2024

The number of real estate developers in Casablanca increased by 9% in 2024.

This growth is largely due to the city's vibrant real estate market, which has seen sustained demand and rising prices. The return of Moroccan residents from abroad, coupled with government initiatives and infrastructure development, has created a favorable environment for real estate ventures.

Casablanca's rapid development and major infrastructure projects have made it a magnet for investors. Emerging neighborhoods like Aïn Diab Extension, Anfa City, and Zenata Eco-City offer diverse investment opportunities, making the city an attractive destination for developers.

The demand for residential properties in areas such as Ville Verte, Sidi Maârouf, and Casa Finance City has also played a significant role. These areas are experiencing a surge in interest due to their modern infrastructure and high-quality living standards.

Investors are particularly drawn to the city's potential for growth, with new projects continually enhancing its appeal. The combination of strategic location and ongoing development makes Casablanca a prime spot for real estate investment.

Sources: Century 21 Casablanca, Agenz.ma, Agenz.ma

While this article provides thoughtful analysis and insights based on credible and carefully selected sources, it is not, and should never be considered, financial advice. We put significant effort into researching, aggregating, and analyzing data to present you with an informed perspective. However, every analysis reflects subjective choices, such as the selection of sources and methodologies, and no single piece can encompass the full complexity of the market. Always conduct your own research, seek professional advice, and make decisions based on your own judgment. Any financial risks or losses remain your responsibility.