Authored by the expert who managed and guided the team behind the Morocco Property Pack
Everything you need to know before buying real estate is included in our Morocco Property Pack
We created this guide to help you understand what rental returns you can realistically expect when investing in Casablanca property.
This article covers gross and net yields, neighborhood comparisons, property types, and all the costs that eat into your profits.
We constantly update this blog post to reflect the latest market conditions and data.
And if you're planning to buy a property in this place, you may want to download our pack covering the real estate market in Casablanca.
Insights
- Casablanca's average gross rental yield sits at around 6.5% in early 2026, but studios in renter-heavy areas like Sidi Maârouf can push past 8%.
- The yield gap between Casablanca's prestige neighborhoods and mid-market areas can reach 4 percentage points, making location choice critical for investors.
- Villas in Casablanca typically deliver the lowest gross yields at 3.5% to 5.5%, because their high purchase prices rarely match proportional rent increases.
- Morocco's national urban vacancy rate exceeds 13% according to HCP census data, but operational landlord vacancy in Casablanca averages just 3 to 5 weeks per year.
- Property management fees in Casablanca run between 6% and 10% of collected rent, plus roughly one month's rent for tenant placement.
- The rent-to-price ratio in Casablanca averages about 0.54% per month, which translates directly into the city's mid-single-digit gross yields.
- Neighborhoods connected to the new T3 and T4 tram lines are showing improved rental demand, especially in parts of Hay Hassani and Sidi Othmane.
- Premium districts like Anfa and CFC often yield below 5% gross, but their vacancy rates tend to be lower due to strong white-collar renter pools.
What are the rental yields in Casablanca as of 2026?
What's the average gross rental yield in Casablanca as of 2026?
As of early 2026, the average gross rental yield for residential property in Casablanca sits at approximately 6.5% per year across all property types.
Most typical buy-to-let properties in Casablanca fall within a gross yield range of 5.5% to 7.5%, with the variation depending heavily on whether you're buying in a premium area or a renter-focused neighborhood.
Casablanca's average gross yield aligns well with Morocco's national benchmarks, where mid-to-high single-digit returns are standard for urban residential investments according to international property data publishers.
The single biggest factor influencing gross yields in Casablanca right now is the price gap between prestige neighborhoods like Anfa and more affordable, renter-heavy areas like Sidi Maârouf, where purchase prices stay moderate while rents remain competitive.
What's the average net rental yield in Casablanca as of 2026?
As of early 2026, the average net rental yield in Casablanca is approximately 4.2% per year after accounting for all standard landlord expenses.
The typical gap between gross and net yields in Casablanca runs about 2 to 2.5 percentage points, which reflects the combined impact of taxes, management fees, maintenance, and vacancy.
Property management costs represent one of the most significant drags on net yield in Casablanca, especially when you use full-service agencies that charge 6% to 10% of collected rent plus a tenant placement fee.
Most standard investment properties in Casablanca deliver net yields between 3.3% and 5.3%, with the range depending on how hands-on you are with management and whether your property sits in a high-turnover or stable-occupancy micro-market.
By the way, you will find much more detailed rent ranges in our property pack covering the real estate market in Casablanca.
We made this infographic to show you how property prices in Morocco compare to other big cities across the region. It breaks down the average price per square meter in city centers, so you can see how cities stack up. It’s an easy way to spot where you might get the best value for your money. We hope you like it.
What yield is considered "good" in Casablanca in 2026?
In Casablanca's rental market in 2026, local investors generally consider a gross yield of 7% or higher to be "good" for a residential property.
The threshold that separates average performers from high performers typically falls around that 7% mark, because hitting it usually means you've found a property in a renter-dense area where purchase prices haven't been inflated by prestige or speculation.
How much do yields vary by neighborhood in Casablanca as of 2026?
As of early 2026, gross rental yields in Casablanca can vary by 2 to 4 percentage points between the highest-yield and lowest-yield neighborhoods.
The highest yields in Casablanca typically appear in renter-heavy, mid-market neighborhoods like Sidi Maârouf, Aïn Chock, Hay Hassani, Belvédère, and Roches Noires, where purchase prices remain reasonable while rental demand stays strong.
The lowest yields tend to cluster in prestige areas like Anfa, Racine, Gauthier, Aïn Diab, and the CFC district, where premium pricing pushes purchase costs up faster than rents can follow.
The main reason for this yield variation across Casablanca neighborhoods is the disconnect between what drives property prices (prestige, views, scarcity) and what drives rents (jobs, convenience, renter pool size).
By the way, we've written a blog article detailing what are the current best areas to invest in property in Casablanca.
How much do yields vary by property type in Casablanca as of 2026?
As of early 2026, gross rental yields in Casablanca range from about 3.5% for villas up to 9% for well-located studios, showing significant variation by property type.
Studios and small one-bedroom apartments currently deliver the highest average gross yields in Casablanca, typically falling between 7% and 9% thanks to their strong rental liquidity and lower purchase prices.
Villas consistently deliver the lowest gross yields in Casablanca, usually between 3.5% and 5.5%, because their high purchase prices reflect land and prestige value more than rental income potential.
The key reason yields differ by property type in Casablanca is that rents don't scale proportionally with purchase prices, so smaller, more affordable units generate higher returns relative to their cost.
By the way, you might want to read the following:
What's the typical vacancy rate in Casablanca as of 2026?
As of early 2026, the typical operational vacancy rate for a well-positioned rental property in Casablanca runs between 6% and 8%, which translates to roughly 3 to 5 weeks without rent per year.
Vacancy rates vary across Casablanca neighborhoods from as low as 3 weeks per year in high-demand central areas to 6 to 8 weeks in oversupplied or poorly connected micro-markets.
The main factor driving vacancy rates up or down in Casablanca is proximity to employment centers and transit, with areas near Casa Anfa, CFC, and tram corridors experiencing faster tenant turnover times.
Casablanca's operational vacancy rate for landlords is actually much lower than Morocco's national urban structural vacancy of over 13%, because that census figure includes secondary homes and long-term empty units that aren't part of the active rental market.
Finally please note that you will have all the indicators you need in our property pack covering the real estate market in Casablanca.
What's the rent-to-price ratio in Casablanca as of 2026?
As of early 2026, the average rent-to-price ratio in Casablanca is approximately 0.54% per month, meaning monthly rent equals about half a percent of the property's purchase price.
A rent-to-price ratio of 0.55% or higher is generally considered favorable for buy-to-let investors in Casablanca, and this ratio directly converts to gross yield when multiplied by 12 months.
Casablanca's rent-to-price ratio is competitive compared to other major Moroccan cities and sits in line with similar emerging market urban centers, though it trails some higher-yield markets in sub-Saharan Africa.
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.
Which neighborhoods and micro-areas in Casablanca give the best yields as of 2026?
Where are the highest-yield areas in Casablanca as of 2026?
As of early 2026, the three highest-yield neighborhoods in Casablanca are Sidi Maârouf, Aïn Chock, and Hay Hassani, all of which benefit from strong local renter demand and moderate purchase prices.
These top-performing areas in Casablanca typically deliver gross rental yields between 7% and 9%, with Sidi Maârouf and Aïn Chock particularly strong due to their proximity to business parks and employment centers.
The main characteristic these high-yield Casablanca neighborhoods share is that they attract working renters who prioritize convenience and affordability over prestige, keeping occupancy high and rents stable relative to prices.
You'll find a much more detailed analysis of the areas with high profitability potential in our property pack covering the real estate market in Casablanca.
Where are the lowest-yield areas in Casablanca as of 2026?
As of early 2026, the three lowest-yield neighborhoods in Casablanca are Anfa, Aïn Diab, and the Casablanca Finance City (CFC) district, where prestige pricing compresses returns.
These premium Casablanca neighborhoods typically deliver gross rental yields between 4% and 6%, which is below the city average despite their high absolute rent levels.
The main reason yields are compressed in Anfa, Aïn Diab, and CFC is that property prices reflect scarcity, ocean views, and brand value rather than pure rental income math.
Buying a property in a low-yield area is one of the mistakes we cover in our list of risks and pitfalls people face when buying property in Casablanca.
Which areas have the lowest vacancy in Casablanca as of 2026?
As of early 2026, the three Casablanca neighborhoods with the lowest residential vacancy rates are Maârif, Palmier, and Bourgogne, all central areas with excellent walkability and amenities.
These low-vacancy neighborhoods in Casablanca typically see vacancy rates of just 2 to 4 weeks per year, well below the citywide average of 3 to 5 weeks.
The main demand driver keeping vacancy low in Maârif, Palmier, and Bourgogne is their central location combined with a dense concentration of young professionals who value lifestyle convenience over space.
The trade-off investors face when targeting these low-vacancy Casablanca areas is that purchase prices tend to be higher, which can compress gross yields even as occupancy stays strong.
Which areas have the most renter demand in Casablanca right now?
The three Casablanca neighborhoods currently experiencing the strongest renter demand are Maârif, Sidi Maârouf, and the CFC edge zones, each serving distinct but robust tenant pools.
The renter profile driving most demand in these areas is young to mid-career professionals working in Casablanca's financial services, tech, and multinational company sectors who prioritize commute convenience.
Rental listings in these high-demand Casablanca neighborhoods typically get filled within 2 to 4 weeks when priced correctly, compared to 6 to 8 weeks in slower markets.
If you want to optimize your cashflow, you can read our complete guide on how to buy and rent out in Casablanca.
Which upcoming projects could boost rents and rental yields in Casablanca as of 2026?
As of early 2026, the three most impactful projects expected to boost Casablanca rents are the ongoing tram network expansion (T3/T4 lines), the continued densification of Casa Anfa, and new business park developments in the Sidi Maârouf corridor.
The neighborhoods most likely to benefit from these projects include Hay Hassani and Sidi Othmane (tram expansion), CFC and central Anfa (Casa Anfa densification), and Sidi Maârouf itself from business park growth.
Investors might realistically expect rent increases of 5% to 15% over the next few years in areas directly connected to these infrastructure and employment projects, though timing will vary by specific micro-location.
You'll find our latest property market analysis about Casablanca here.
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What property type should I buy for renting in Casablanca as of 2026?
Between studios and larger units in Casablanca, which performs best in 2026?
As of early 2026, studios and small one-bedroom apartments outperform larger units in Casablanca on both rental yield and occupancy speed.
Studios in Casablanca typically deliver gross yields of 7% to 9% (around 70,000 to 90,000 MAD, or 7,000 to 9,000 USD, or 6,400 to 8,200 EUR per 1 million MAD invested annually), while larger two and three-bedroom units usually fall between 5.5% and 7%.
The main factor explaining this performance gap is that studios cost less to buy, but their rents don't drop proportionally, so the math favors smaller units when you calculate yield.
However, larger two-bedroom apartments can be the better choice for investors seeking lower tenant turnover and more stable occupancy, particularly when targeting families or longer-term professional renters in Casablanca.
What property types are in most demand in Casablanca as of 2026?
As of early 2026, the most in-demand property type in Casablanca's rental market is the standard apartment, particularly studios and one to two-bedroom units in central or well-connected neighborhoods.
The top three property types ranked by current tenant demand in Casablanca are studios and one-bedrooms (highest demand), two-bedroom apartments (strong demand from couples and small families), and modern Moroccan houses in urban areas (steady but narrower demand).
The primary demographic trend driving this demand pattern is Casablanca's large population of young professionals and small households who prioritize affordability, convenience, and proximity to work over space.
Villas are currently underperforming in rental demand and likely to remain so in Casablanca, because their higher rents limit the tenant pool to a small segment of executive-level renters.
What unit size has the best yield per m² in Casablanca as of 2026?
As of early 2026, the unit size range delivering the best gross rental yield per square meter in Casablanca is 25 to 50 square meters, which covers most studios and compact one-bedroom apartments.
These optimal-sized units in Casablanca typically generate annual rent of around 1,200 to 1,800 MAD per square meter (roughly 120 to 180 USD, or 110 to 165 EUR per square meter), compared to just 800 to 1,200 MAD per square meter for larger family apartments.
The main reason smaller units outperform on yield per square meter is that tenants pay a premium for a complete, functional living space regardless of size, so compact apartments capture more rent relative to their footprint.
By the way, we also have a blog article detailing whether owning an Airbnb rental is profitable in Casablanca.
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.
What costs cut my net yield in Casablanca as of 2026?
What are typical property taxes and recurring local fees in Casablanca as of 2026?
As of early 2026, the estimated annual property tax and local fee burden for a typical rental apartment in Casablanca runs between 3,000 and 12,000 MAD (roughly 300 to 1,200 USD, or 275 to 1,100 EUR), depending on the property's assessed rental value.
Beyond property taxes, Casablanca landlords should also budget for the Taxe de Services Communaux and any applicable building or syndic charges, which can add another 2,000 to 8,000 MAD per year (200 to 800 USD, or 180 to 730 EUR).
Combined, these taxes and fees typically represent about 5% to 12% of gross annual rental income for most Casablanca rental properties, though landlords can sometimes pass certain charges through to tenants depending on the lease terms.
By the way, we cover all the hidden fees and taxes in our property pack covering the real estate market in Casablanca.
What insurance, maintenance, and annual repair costs should landlords budget in Casablanca right now?
Annual landlord insurance for a typical rental property in Casablanca costs approximately 1,000 to 3,000 MAD (100 to 300 USD, or 90 to 275 EUR), covering basic property and liability risks.
Casablanca landlords should budget roughly 0.5% to 1% of property value per year for maintenance and repairs, which translates to about 5,000 to 15,000 MAD annually (500 to 1,500 USD, or 460 to 1,370 EUR) for a mid-range apartment.
The repair expense that most commonly catches Casablanca landlords off guard is plumbing and water heater issues, which can be frequent in older buildings and expensive if not addressed quickly.
In total, landlords in Casablanca should realistically budget 7,000 to 20,000 MAD per year (700 to 2,000 USD, or 640 to 1,820 EUR) for the combined cost of insurance, routine maintenance, and unexpected repairs.
Which utilities do landlords typically pay, and what do they cost in Casablanca right now?
In Casablanca's long-term rental market, tenants typically pay for day-to-day electricity, water, and internet since meters are tied to their consumption, while landlords cover utilities during vacancy periods and any common-area building charges.
When a unit sits vacant, landlords in Casablanca should expect to pay around 200 to 500 MAD per month (20 to 50 USD, or 18 to 45 EUR) for basic utility standby costs, plus any fixed building or syndic fees that continue regardless of occupancy.
What does full-service property management cost, including leasing, in Casablanca as of 2026?
As of early 2026, full-service property management in Casablanca typically costs between 6% and 10% of collected monthly rent, which translates to roughly 300 to 800 MAD per month (30 to 80 USD, or 27 to 73 EUR) for an average rental unit.
On top of ongoing management, Casablanca agencies commonly charge a tenant placement or leasing fee equivalent to about one month's rent (typically 5,000 to 10,000 MAD, or 500 to 1,000 USD, or 455 to 910 EUR) each time they find a new tenant.
What's a realistic vacancy buffer in Casablanca as of 2026?
As of early 2026, landlords in Casablanca should set aside approximately 8% of annual rental income as a vacancy buffer, which accounts for the typical turnover between tenants.
In practice, this means budgeting for about 3 to 5 weeks of vacancy per year for a standard Casablanca rental, though well-located studios in high-demand areas may experience closer to 2 to 3 weeks while larger or premium units could see 6 to 8 weeks.
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What sources have we used to write this blog article?
Whether it's in our blog articles or the market analyses included in our property pack about Casablanca, we always rely on the strongest methodology we can and we don't throw out numbers at random.
We also aim to be fully transparent, so below we've listed the authoritative sources we used, and explained how we used them and the methods behind our estimates.
| Source | Why It's Authoritative | How We Used It |
|---|---|---|
| Bank Al-Maghrib (BAM) | Morocco's central bank publishes official, methodology-backed real estate price indices. | We used BAM's price index to anchor our early 2026 context on where residential prices were heading. We also used it to verify that our yield estimates don't assume unrealistic price movements. |
| ANCFCC | Morocco's national land registry co-publishes the country's main housing price index with BAM. | We used ANCFCC as a second official leg to cross-check the same price-index story from the registry side. We also used it to keep our assumptions consistent with the latest national note timing. |
| HCP (High Commission for Planning) | Morocco's official statistics agency produces the national census-quality RGPH housing reference. | We used HCP's data to ground our vacancy discussion in a real housing stock measure. We also used it to identify which housing types dominate in urban Morocco and which are relatively niche. |
| CAHF | CAHF is a recognized housing-finance research institution publishing transparent, long-form studies on African markets. | We used CAHF for rental-market structure including formal versus informal dynamics and typical frictions. We also used it to keep our net yield cost stack realistic for Morocco rather than importing assumptions from Europe or the US. |
| Global Property Guide | A long-running international property data publisher that explains how it computes rental yields across countries. | We used Global Property Guide as an external benchmark for Morocco city yields and expected yield bands. We also used it to validate that our Casablanca estimate sits in a plausible national and city range. |
| Casa Tramway | The official channel for Casablanca's tram network updates and infrastructure announcements. | We used Casa Tramway to name concrete mobility upgrades that can shift rental demand by corridor. We also used it to justify why some connected neighborhoods can outperform in occupancy and rent resilience. |
| CDG Développement | CDG is the state-linked deposit and management group behind major national urban projects including Casa Anfa. | We used CDG Développement to anchor Casa Anfa and CFC's role as a long-term demand engine. We also used it to support why nearby micro-areas skew toward lower yield but lower vacancy. |
| CRI Casablanca-Settat (CasaInvest) | The regional investment center presents flagship projects and their scope for the Casablanca-Settat region. | We used CasaInvest to corroborate Casa Anfa's scale and positioning beyond media coverage. We also used it to connect likely rent pressure points to specific business and residential clusters. |
| DGI (Moroccan Tax Administration) | The official tax authority and source of truth on what taxes exist and how they work in Morocco. | We used DGI to frame which recurring taxes can hit landlords and how they're typically calculated. We also used it to structure net yield with Morocco-specific recurring tax logic instead of generic global assumptions. |
| ONEE | Morocco's national electricity and water utility explains the official pricing mechanics for residential billing. | We used ONEE to ground the utilities section in how billing actually works with progressive and selective tariff logic. We then translated that into practical landlord budgeting guidance without pretending utilities are a fixed percentage. |
| Casablanca City Services Portal | An official city portal clarifying who handles distribution and service for Casablanca residents. | We used this portal to keep the utilities section Casablanca-specific regarding Lydec and SRM's local role. We also used it to make the who-pays-what section practical for landlords and tenants. |
| Century 21 Casablanca | A major established brokerage brand with local market presence and stated property management practices. | We used Century 21 as a private-sector check for typical management and agency fee patterns. We then converted those fee patterns into a conservative net-yield deduction range. |
| Agenz | A large visible marketplace with neighborhood-level Casablanca inventory for both sales and rentals. | We used Agenz as one leg of our asking market triangulation for rent levels and unit types. We also used it to pick realistic unit mixes since studios and one to two-bedrooms dominate rental liquidity. |
| Mubawab | One of the best-known Moroccan property portals with heavy Casablanca coverage across all property types. | We used Mubawab as a second leg to cross-check rent asking ranges by neighborhood and unit type. We also used it to avoid single-portal bias when estimating gross yields. |
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