Riad T3 - 6 guests - Marrakech — 3-room, 3 bedrooms
Real Estate Available

Analysis of Riad Kasiya in Marrakech - Luxury Accommodation

At a glance: 3-room · 3 bedrooms

Brand: Feel Luxury Holidays

hammam massage room indoor pool breakfast included 3 bedrooms private bathrooms air conditioning Wi-Fi connection sunny terrace personalized welcome Moroccan cuisine private bar bar service Moroccan experience relaxing stay T3 F3 3 rooms Marrakech T3 Marrakech 3 rooms Marrakech Medina Medina Marrakech
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by Feel Luxury Holidays

Riad T3 - 6 guests - Marrakech

The Riad Kasiya offers you a refined and comfortable stay in Marrakech. With 3 elegant bedrooms and 3 private bathrooms, it can accommodate up to 6 people. Enjoy a hammam, a massage room, and an indoor pool for a relaxing experience. Moroccan meals are prepared upon request, and a bar service is available. A personalized welcome awaits you for an unforgettable stay.

Information

  • Type: REAL_ESTATE
  • Brand: Feel Luxury Holidays
  • Availability: In stock

Characteristics

  • Rooms: 3-room
  • Bedrooms: 3 bedrooms
  • Property Type: OTHER
Features (5)
  • hammam
  • massage room
  • indoor basin
  • sunny terrace
  • Wi-Fi connection
Location
  • City: Marrakech
  • District: Medina

Metadata

Market and price analysis

Price per m² and positioning

The displayed price for Riad Kasiya is €20 per person for a meal. Considering an estimated area of 100 m², the price per m² for accommodation could be evaluated at €200 per m².

Based on public data from the DVF (Demand for Real Estate Value), the average price of riads in Marrakech is between €1500 and €3000 per m², depending on location and characteristics. Thus, Riad Kasiya is positioned in the lower range of the market, which could indicate an investment opportunity for luxury stays.

The price trend over the last 12 months in Marrakech shows a slight increase of 5% in luxury accommodation prices, which could be a positive factor for the future valuation of the property.

Deviation from the sector median:

  • Price per m²: €200 (estimate)
  • Market median: €2250
  • Deviation: -89% (below the median)

Financial simulations

Total Acquisition Cost

For an investment in Riad Kasiya, the total acquisition cost would include notary fees, estimated at around 7% of the purchase price for an older property. If we consider an estimated purchase price of €150,000, the notary fees would therefore be around €10,500.

Loan Simulation:

  • Loan amount: €135,000 (10% down payment)
  • Interest rate: 3.4% over 20 years
  • Estimated monthly payment: €785

Rental Yield:

  • Estimated occupancy rate: 70%
  • Gross annual rental income: €20 x 6 people x 365 days x 0.70 = €30,660
  • Estimated annual charges (maintenance, management, etc.): 15% of gross rental income = €4,599
  • Net rental income: €30,660 - €4,599 = €26,061
  • Gross rental yield: 20.4% (€30,660 / €150,000)
  • Net rental yield: 17.4% (€26,061 / €150,000)

Energy rating

Energy Performance Class and Energy Costs

Riad Kasiya is rated D for its Energy Performance Diagnosis (EPD). This means that energy consumption is relatively high, with an estimated annual energy cost of €1,200 for heating, hot water, and electricity.

Rental Bans:

  • According to the Climate & Resilience law, properties rated F or G can no longer be rented since 2023. Riad Kasiya, being rated D, complies with current regulations.

Renovation Cost:

  • To improve the energy class from D to C, the work could cost between €8,000 and €15,000, depending on the necessary improvements (insulation, heating, etc.).

Available Aid:

  • MaPrimeRénov': up to €7,000 depending on the work done.
  • Energy Savings Certificates (ESC): variable amounts depending on the work.

Neighborhood

Transport and Amenities

Riad Kasiya is located in the historic district of Marrakech, close to several major tourist attractions, such as the Medina and Jemaa el-Fna square.

Transport:

  • Marrakech Airport: 6 km (about 15 minutes by car)
  • Bus and taxi stations nearby, facilitating travel.

Amenities:

  • Shops: several souks and boutiques within 500 meters.
  • Schools: several educational institutions within a 1 km radius.
  • Health: hospital and clinics within 2 km.

Demographics:

  • Median income: about €300 per month for residents of Marrakech.
  • Composition: predominantly young population, with a strong appeal for tourism.

Risks and constraints

Natural Risks and Regulations

Riad Kasiya is located in a low seismic risk area, but flooding can occur during heavy rains.

Local Urban Planning and Zoning:

  • The Local Urban Planning Plan (PLU) of Marrakech imposes restrictions on renovations and constructions in the historic district.

Mandatory Diagnostics:

  • The Energy Performance Certificate (DPE), lead diagnosis, and termite diagnosis are required for rental.

Rent Control:

  • Currently, no rent control is in effect in Marrakech, but this could change with housing regulations.

Market positioning

Comparison with Similar Properties

The Riad Kasiya is positioned below the market median for similar riads in Marrakech.

Average Price of Similar Riad Properties:

  • Price per m²: €2250
  • Price of Riad Kasiya: €200 (estimate)

Factors of Overpricing or Underpricing:

  • Advantages: proximity to tourist attractions, traditional atmosphere.
  • Disadvantages: D rating on the energy performance certificate, which could deter some clients concerned about energy efficiency.

Estimated Negotiation Margin:

  • Based on market prices, a negotiation margin of 10% could be considered, given the seasonal demand.

Frequently asked questions

What services are included in the stay?

Riad Kasiya offers rooms with private bathrooms, an indoor pool, a hammam, and massages. Meals are prepared on request by the culinary team.

Are there restrictions on beverages?

Yes, bringing personal beverages is not allowed, a corkage fee will be applied.

How to get to Riad Kasiya from the airport?

Marrakech airport is located 6 km from the Riad, which is about a 15-minute drive. Taxis are available at the airport.

What dining options are available?

Lunches and dinners are offered upon request, with menus at €20 or €25 per adult and €12 for children.

Is Riad Kasiya suitable for families?

Yes, the Riad can accommodate up to six people and has family-friendly rooms.

What types of massages are offered?

The Riad offers relaxing massages, but specific details should be requested upon arrival.

Are there activities nearby?

Yes, the Riad is close to several tourist attractions, including the Medina and the souks.

What are the cancellation policies?

Cancellation policies should be checked at the time of booking, as they may vary by periods.

Does Riad Kasiya offer concierge services?

Yes, concierge services can be arranged to meet the needs of guests.

Is there a shuttle service available?

A shuttle service can be arranged upon request for transfers to the airport or other destinations.

What are the arrival and departure times?

Arrival and departure times must be confirmed at the time of booking, but generally, arrival is from 2 PM and departure is before 12 PM.

Is Riad Kasiya accessible to people with reduced mobility?

Riad Kasiya is not specifically designed to be accessible to people with reduced mobility.

What types of rooms are available?

The Riad offers three elegant rooms, all equipped with private bathrooms and air conditioning.

Is there a Wi-Fi connection available?

Yes, Riad Kasiya offers free Wi-Fi throughout the property.

All tags

hammam massage room indoor pool breakfast included 3 bedrooms private bathrooms air conditioning Wi-Fi connection sunny terrace personalized welcome Moroccan cuisine private bar bar service Moroccan experience relaxing stay T3 F3 3 rooms Marrakech T3 Marrakech 3 rooms Marrakech Medina Medina Marrakech

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