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
If you're thinking about investing in rental property in Morocco, understanding the current yields is essential before making any decision.
Morocco's rental market varies significantly by city and neighborhood, so knowing where to look can make a real difference in your returns.
This blog post is updated regularly to reflect the latest data on Morocco's residential rental yields in 2026.
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 Morocco.
Insights
- The average gross rental yield in Morocco sits at around 5.3% in early 2026, but choosing the right neighborhood can push that figure above 6.5% without taking on unusual risk.
- Morocco's structural vacancy rate from the 2024 census shows 13.4% of urban dwellings unoccupied, but landlords targeting active rental markets typically experience just 5 to 9% vacancy.
- Studios and small one-bedroom apartments in Morocco consistently deliver the highest yields per square meter because the renter pool of young professionals and students is deep.
- In Casablanca, neighborhoods like Sidi Maârouf and Hay Hassani can yield 1.5 to 2 percentage points more than prime areas like Anfa or Aïn Diab.
- Morocco's net rental yields average around 3.6%, with taxes, insurance, and maintenance typically shaving about 1.7 percentage points off your gross return.
- Tangier's industrial growth around the port zone continues to drive renter demand in Beni Makada, making it one of the stronger yield plays outside Casablanca.
- Villas and luxury homes in Morocco usually deliver the lowest rental yields because prices are high and the tenant pool is thin.
- Property management fees in Morocco typically run between 8% and 12% of monthly rent collected, plus around one month's rent for tenant placement.
What are the rental yields in Morocco as of 2026?
What's the average gross rental yield in Morocco as of 2026?
As of early 2026, the average gross rental yield for residential property in Morocco is around 5.3%, which means landlords typically collect annual rent equal to about 5.3% of their property's value before expenses.
That said, most properties in Morocco fall within a realistic gross yield range of 4.5% to 6.5%, depending on the city, neighborhood, and unit size you choose.
Compared to national benchmarks, Morocco's gross yields remain competitive for the region, holding steady as official price indices from Bank Al-Maghrib showed broadly stable property values through late 2025.
The single most important factor influencing gross rental yields in Morocco right now is rent level differences across neighborhoods, since prices haven't moved dramatically and returns are mostly driven by how much rent you can charge relative to what you paid.
What's the average net rental yield in Morocco as of 2026?
As of early 2026, the average net rental yield for residential property in Morocco is approximately 3.6%, which is what landlords actually keep after paying all recurring costs.
The typical gap between gross and net yields in Morocco is around 1.7 percentage points, reflecting the real-world expenses that eat into your rental income.
The expense category that most significantly reduces gross yield to net yield in Morocco is the combination of taxes and local fees, which can vary widely depending on your property's assessed rental value and your compliance structure.
Most standard investment properties in Morocco deliver net yields in the 2.8% to 4.6% range, with the spread reflecting differences in tax exposure, building age, and how well you manage vacancy and maintenance costs.
By the way, you will find much more detailed rent ranges in our property pack covering the real estate market in Morocco.
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 Morocco in 2026?
In Morocco's rental market in 2026, a gross yield of 6% or higher is generally considered "good" by local investors, signaling you've either found a strong renter pocket or bought below market value.
The threshold that typically separates average-performing properties from high-performing ones in Morocco is around 4% net yield, because anything above that usually still feels worthwhile after accounting for all the friction and costs of being a landlord.
How much do yields vary by neighborhood in Morocco as of 2026?
As of early 2026, the spread in gross rental yields between the highest-yield and lowest-yield neighborhoods within the same Moroccan city is typically 2 to 4 percentage points, which is a significant difference for any investor.
Higher-yield neighborhoods in Morocco tend to be mid-market areas with strong renter depth and prices that haven't outpaced local incomes, such as Sidi Maârouf, Hay Hassani, and Aïn Sebaâ in Casablanca, or Beni Makada in Tangier.
Lower-yield neighborhoods are usually prestige or lifestyle areas where property prices run ahead of what long-term rents can support, like Anfa and Aïn Diab in Casablanca, Hay Riad in Rabat, or Hivernage in Marrakech.
The main reason yields vary so much across Morocco's neighborhoods is that prime areas attract buyers willing to pay premium prices for comfort and status, while rents in those same areas are capped by what working tenants can actually afford.
By the way, we've written a blog article detailing what are the current best areas to invest in property in Morocco.
How much do yields vary by property type in Morocco as of 2026?
As of early 2026, gross rental yields in Morocco range from around 4% for villas and luxury homes up to 7% or more for studios and small apartments, representing a spread of about 1.5 to 3 percentage points across property types.
Studios and small one-bedroom apartments currently deliver the highest average gross rental yields in Morocco because they attract a deep pool of young professionals and students willing to pay relatively high rents per square meter.
Villas and large luxury homes deliver the lowest average gross rental yields in Morocco because their purchase prices are high while the pool of tenants who can afford them is thin.
The key reason yields differ between property types in Morocco is that smaller units have lower total prices and stronger demand, which makes the rent-to-price math more favorable for investors.
By the way, you might want to read the following:
What's the typical vacancy rate in Morocco as of 2026?
As of early 2026, the typical vacancy rate that landlords should budget for a long-term rental in Morocco is around 7% annually, which translates to roughly three to four weeks of vacancy per year.
Vacancy rates across Morocco's neighborhoods range from about 5% in high-demand urban cores like central Casablanca and Rabat, up to 10% or more in seasonal markets or areas with oversupply.
The main factor driving vacancy rates up or down in Morocco is the depth of local renter demand, with neighborhoods near job centers and transit filling units faster than areas dependent on tourism or second-home buyers.
Morocco's census data from 2024 shows a structural vacancy rate of about 13.4% for urban dwellings, but much of that represents secondary homes and units not actively on the rental market, so investors experience lower real-world vacancy.
Finally please note that you will have all the indicators you need in our property pack covering the real estate market in Morocco.
What's the rent-to-price ratio in Morocco as of 2026?
As of early 2026, the average rent-to-price ratio in Morocco is approximately 0.44% per month, meaning monthly rent equals about 0.44% of a property's purchase price.
A rent-to-price ratio of around 0.50% or higher per month is generally considered favorable for buy-to-let investors in Morocco, because this translates directly to a gross annual yield of 6% or more.
Morocco's rent-to-price ratio is competitive compared to other North African and Mediterranean markets, though it tends to be lower in premium neighborhoods where prices have outpaced rents.
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 Morocco give the best yields as of 2026?
Where are the highest-yield areas in Morocco as of 2026?
As of early 2026, the highest-yield neighborhoods in Morocco include Sidi Maârouf, Hay Hassani, and Aïn Sebaâ in Casablanca, Beni Makada in Tangier, and Tabriquet in Salé, all of which attract strong renter demand without the premium prices of lifestyle districts.
In these top-performing areas, investors can typically expect gross rental yields in the 6% to 7.5% range, which is well above Morocco's national average.
The main characteristic these high-yield neighborhoods share is strong renter depth from working and middle-class tenants, combined with property prices that haven't been inflated by lifestyle or prestige premiums.
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 Morocco.
Where are the lowest-yield areas in Morocco as of 2026?
As of early 2026, the lowest-yield neighborhoods in Morocco include Anfa and Aïn Diab in Casablanca, Hay Riad and Souissi in Rabat, and Hivernage in Marrakech, where prestige pricing compresses rental returns.
In these low-yield areas, gross rental yields typically fall in the 3.5% to 4.5% range, reflecting the gap between what buyers pay for status and what renters can afford.
The main reason yields are compressed in these Moroccan neighborhoods is that property prices are driven by lifestyle appeal and second-home demand, while long-term rents remain capped by what local professionals earn.
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 Morocco.
Which areas have the lowest vacancy in Morocco as of 2026?
As of early 2026, the neighborhoods with the lowest residential vacancy rates in Morocco include Maarif, Bourgogne, and Gauthier in Casablanca, Agdal and Hassan in Rabat, and Guéliz in Marrakech, where rental demand is consistently strong.
In these low-vacancy areas, landlords typically experience vacancy rates of just 3% to 5%, meaning units often re-let within two to three weeks of becoming available.
The main demand driver keeping vacancy low in these Moroccan neighborhoods is their concentration of jobs, services, and walkable amenities that attract professionals who need reliable, central housing.
The trade-off investors face when targeting these low-vacancy areas is that gross yields tend to be lower because property prices reflect the stability and convenience these locations offer.
Which areas have the most renter demand in Morocco right now?
The neighborhoods currently experiencing the strongest renter demand in Morocco include Maarif and Sidi Maârouf in Casablanca, Agdal in Rabat, the Iberia district in Tangier, and Guéliz in Marrakech.
The typical renter profile driving demand in these areas is young to mid-career professionals, often working in services, administration, or the growing industrial sectors around Tangier and Casablanca.
In these high-demand Moroccan neighborhoods, well-priced rental listings typically get filled within one to three weeks, especially for studios and two-bedroom apartments.
If you want to optimize your cashflow, you can read our complete guide on how to buy and rent out in Morocco.
Which upcoming projects could boost rents and rental yields in Morocco as of 2026?
As of early 2026, the top infrastructure and development projects expected to boost rents in Morocco include continued expansion around Tangier's industrial and port zone, urban transport upgrades in Casablanca, and the rollout of regional multiservice utilities in the Casablanca-Settat and Rabat-Salé-Kénitra regions.
The neighborhoods most likely to benefit from these projects include Sidi Maârouf and Hay Hassani in Casablanca, Beni Makada in Tangier, and growth corridors in Salé and Yacoub El Mansour near Rabat.
Once these projects are completed, investors might realistically expect rent increases of 5% to 15% in the most directly affected neighborhoods, depending on how much accessibility and job access improve.
You'll find our latest property market analysis about Morocco here.
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What property type should I buy for renting in Morocco as of 2026?
Between studios and larger units in Morocco, which performs best in 2026?
As of early 2026, studios and small one-bedroom apartments are the better-performing unit type in Morocco in terms of both rental yield and occupancy, thanks to strong demand from young professionals and students.
Studios in Morocco typically deliver gross yields of 6% to 7.5% (around 60,000 to 75,000 MAD, or $6,000 to $7,500 USD, or 5,500 to 6,900 EUR annually on a 1 million MAD property), while larger two to three bedroom units usually yield 4.5% to 5.5%.
The main factor explaining why studios outperform larger units in Morocco is that rents per square meter are higher for small spaces, and the lower purchase price makes the yield math more favorable.
That said, larger two to three bedroom apartments can be the better investment choice in family-oriented neighborhoods where stable, long-term tenants reduce turnover and vacancy costs.
What property types are in most demand in Morocco as of 2026?
As of early 2026, apartments are the most in-demand property type in Morocco's rental market, driven by urbanization and the practical needs of working professionals in major cities.
The top three property types ranked by current tenant demand in Morocco are small apartments and studios first, followed by mid-size two to three bedroom apartments, and then townhouses in family-oriented areas.
The primary trend driving this demand pattern in Morocco is the concentration of jobs in urban centers like Casablanca, Rabat, and Tangier, where most renters are young professionals or small families seeking practical, affordable housing.
Villas and large luxury homes are currently underperforming in demand in Morocco and likely to remain so, because the pool of tenants who can afford high rents is small and shrinking relative to supply.
What unit size has the best yield per m² in Morocco as of 2026?
As of early 2026, the unit size range that delivers the best gross rental yield per square meter in Morocco is 25 to 45 square meters, which covers studios and compact one-bedroom apartments.
For these optimal-size units in Morocco, gross rental yield per square meter typically ranges from 700 to 1,000 MAD annually (around $70 to $100 USD, or 65 to 90 EUR), depending on location and finish quality.
Smaller micro-units below 25 square meters tend to have lower yield per square meter because they're harder to rent at proportionally higher prices, while larger units above 60 square meters spread the same rent over more space, diluting the per-meter return.
By the way, we also have a blog article detailing whether owning an Airbnb rental is profitable in Morocco.
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 Morocco as of 2026?
What are typical property taxes and recurring local fees in Morocco as of 2026?
As of early 2026, the annual property tax (Taxe d'habitation and Taxe de services communaux combined) for a typical rental apartment in Morocco ranges from about 4,000 to 9,000 MAD (around $400 to $900 USD, or 370 to 830 EUR), depending on the property's assessed rental value and location.
Beyond these main taxes, landlords in Morocco must also budget for income tax on rental earnings, which varies by declaration method but can add another 1,000 to 5,000 MAD ($100 to $500 USD, or 90 to 460 EUR) annually for a typical rental.
Combined, these taxes and fees typically represent about 8% to 15% of gross rental income in Morocco, which is a meaningful slice of your returns.
By the way, we cover all the hidden fees and taxes in our property pack covering the real estate market in Morocco.
What insurance, maintenance, and annual repair costs should landlords budget in Morocco right now?
The estimated annual landlord insurance cost (assurance multirisque habitation) for a typical rental property in Morocco ranges from about 1,000 to 2,500 MAD ($100 to $250 USD, or 90 to 230 EUR), depending on coverage level and property value.
For maintenance and repairs, landlords in Morocco should budget approximately 0.8% to 1.2% of the property's value annually, which works out to around 8,000 to 12,000 MAD ($800 to $1,200 USD, or 740 to 1,100 EUR) for a one million MAD property.
The type of repair expense that most commonly catches Moroccan landlords off guard is water damage and plumbing issues, especially in older buildings or coastal areas with humidity, which can quickly run into several thousand dirhams.
In total, landlords in Morocco should realistically budget 9,000 to 15,000 MAD annually ($900 to $1,500 USD, or 830 to 1,380 EUR) for combined insurance, maintenance, and repairs on a typical rental property.
Which utilities do landlords typically pay, and what do they cost in Morocco right now?
In Morocco's typical long-term rental arrangement, tenants pay for electricity and water directly, while landlords usually cover building syndicate or common charges, and sometimes internet if the property is furnished.
When landlords do include utilities (common in furnished rentals), the estimated monthly cost for a typical unit in Morocco ranges from about 300 to 700 MAD ($30 to $70 USD, or 28 to 65 EUR), depending on consumption and whether the property is in an ONEE or delegated utility zone like Amendis.
What does full-service property management cost, including leasing, in Morocco as of 2026?
As of early 2026, full-service property management fees in Morocco typically run between 8% and 12% of monthly rent collected, which works out to around 400 to 1,200 MAD per month ($40 to $120 USD, or 37 to 110 EUR) for a property renting at 5,000 to 10,000 MAD.
On top of ongoing management, the typical leasing or tenant-placement fee in Morocco is around one month's rent, so expect to pay 5,000 to 10,000 MAD ($500 to $1,000 USD, or 460 to 920 EUR) each time you need to find a new tenant.
What's a realistic vacancy buffer in Morocco as of 2026?
As of early 2026, landlords in Morocco should set aside around 7% to 8% of annual rental income as a vacancy buffer, which accounts for normal tenant turnover and re-letting time.
In practice, this translates to roughly three to four weeks of vacancy per year for a typical long-term rental, though landlords in high-demand neighborhoods may experience closer to two weeks, while those in seasonal or oversupplied areas should budget six to eight weeks.
Buying real estate in Morocco can be risky
An increasing number of foreign investors are showing interest. However, 90% of them will make mistakes. Avoid the pitfalls with our comprehensive guide.
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 Morocco, 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) - Real Estate Price Index | Morocco's central bank publishes the country's official real estate price index series. | We used it as the anchor for nationwide residential price movement and cycle timing. We also used it to verify that our price assumptions for early 2026 are consistent with the latest official releases. |
| BAM - IPAI quarterly market note hub | This is the official BAM page summarizing quarterly changes in prices and transactions. | We used it to confirm the latest available quarter trend direction for residential versus other asset types. We used it to avoid inventing a price environment for early 2026 that contradicts official commentary. |
| ANCFCC - IPAI technical quarterly note | ANCFCC is the national land registry and co-producer of the official IPAI with BAM. | We used it to confirm methodology and read the major city price index extracts. We used it to support neighborhood-level yield differences by confirming city-level price dispersion. |
| HCP - RGPH 2024 urban housing stock study | HCP is Morocco's official statistics agency, and RGPH is the national census program. | We used it to ground vacancy and unused stock discussion with census-backed counts. We used it to separate structural vacant dwellings from investment vacancy that landlords actually feel. |
| Medias24 - HCP RGPH 2024 housing summary | Medias24 is a major national business outlet that clearly attributes figures to HCP's RGPH results. | We used it to cite headline vacancy shares in plain language. We used it only as a carrier of HCP numbers, not as a primary dataset. |
| HCP - CPI (inflation) publications | This is the official CPI release page used across government and markets. | We used it to frame real versus nominal yield thinking for early 2026. We used it as a macro check when describing what yield is considered good locally. |
| Morocco Tax Authority (DGI) - Taxe d'habitation | This is the official tax administration explaining the local housing tax base and principles. | We used it to explain how the housing tax is assessed based on rental value and local comparisons. We used it to structure the net yield cost section correctly. |
| Morocco - Code Général des Impôts (2025 edition) | This is the consolidated tax code text reflecting the official legal framework. | We used it to validate rental income tax treatment and typical landlord tax exposures. We used it as the legal backstop when translating taxes into yield haircuts. |
| PwC - Worldwide Tax Summaries (Morocco) | PwC is a top-tier tax advisory firm with a standardized country tax reference used by professionals. | We used it to cross-check interpretations of rental income taxation and individual tax context. We used it to reduce the risk of misreading legal text when converting it into landlord-friendly numbers. |
| ONEE - Low-voltage tariff guide | ONEE is Morocco's national electricity and water utility, and this is a direct tariff document. | We used it to ground utility cost ranges for furnished and short-let scenarios. We used it as the official tariff reference rather than crowdsourced cost sites. |
| Amendis - Tariff grids (Tangier/Tétouan) | Amendis is the delegated utility operator publishing current tariff grids for households. | We used it to show that utility costs vary by operator and region. We used it as a second official check alongside ONEE documents for realistic budgeting. |
| ACAPS - Insurance guidance (MRH) | ACAPS is Morocco's insurance and social welfare supervisory authority. | We used it to describe what home insurance typically covers and how landlords should think about it. We used it to keep insurance budgeting realistic and compliant. |
| Wafa Assurance - Wafa Manzil home insurance | Wafa Assurance is a leading insurer describing actual MRH coverage options in Morocco. | We used it to triangulate what normal home insurance looks like on the retail market. We used it to support our insurance cost range assumptions for net yield calculations. |
| Mubawab - Bilan 2024 report | Mubawab is Morocco's dominant national property portal publishing data from its own platform. | We used it to understand what types of units drive demand and how supply pressure evolves. We used it to support where renter demand is strongest and why yields differ. |
| Aujourd'hui le Maroc - Mubawab rental analysis coverage | This is a national outlet that explicitly attributes rent trend claims to Mubawab analysis. | We used it to corroborate that rents were rising into 2025 to support early 2026 rent levels. We used it only as a confirmation layer on top of portal data and official price context. |
| Agenz - Casablanca rent study | Agenz is a specialized platform publishing a transparent sample-based rental study for Morocco's biggest city. | We used it to calibrate asking rent reality at neighborhood level in Casablanca. We used it to inform neighborhood yield dispersion examples with real district names. |
| RADEEJ - SRM launch communications | This is official documentation on the regional multiservice utility transition affecting major urban areas. | We used it to identify infrastructure modernization signals. We combined it with renter demand logic to identify where rent growth is most likely to materialize first. |
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