Market Intelligence Terminal
Initialising...
Evidence Panel
Source data behind this metric
Market Report
⚠ DEMO DATA — NOT REAL · All figures are illustrative placeholders. Do not use for investment decisions.
Overview / Market Terminal
Confidence: High Med. Est.
Asset:
Period:
Overview
Market Terminal
Morocco real estate intelligence — March 2026. Click any metric to view the evidence behind it. All indicators show source classification and confidence level.
Prime Office Rent High
DH 142
per m²/mo · Casablanca CBD
▲ +4.4% 12M
Listings-derived
Median Sale Price High
DH 18,400
per m² · all assets
▲ +6.1% 12M
Listings-derived
Active Listings High
12,806
verified · all asset classes
▲ +8.3% MoM
Listings-derived
Yield Estimate Est.
5.8%
gross · Casablanca resi.
→ Stable
Modelled
Liquidity Score Med.
6.4/10
Ironwood Liquidity Index
▲ +0.3 pts MoM
Modelled
Pipeline Supply Med.
~340k
m² GFA · 33 tracked projects
⚠ Elevated
Pipeline
Market Signals
Rent Momentum
Strong ▲
Score: 7.4/10 · Listings-derived
Supply Pressure
Elevated ⚠
Score: 6.8/10 · Pipeline data
Pipeline Risk
Moderate ⚠
Score: 6.2/10 · Pipeline data
Investment Liquidity
Good ◎
Score: 6.4/10 · Modelled
City Rankings
By prime rent · March 2026 · Listings-derived
#CityPrime Rent DH/m²12M ChgListingsLiq. Score
01Casablanca142+4.4%4,2187.0
02Marrakech118+8.4%2,8476.8
03Rabat98+2.6%2,3406.0
04Tangiers88+1.3%1,5095.2
05Fez72-2.1%8923.8
Recent Transactions
Last 30 days · Observed
DateCityAssetDH/m²Confidence
Mar 10CasablancaOffice18,200High
Mar 08MarrakechRiad38,500Med.
Mar 06RabatApartment15,400High
Mar 03TangiersVilla12,100Med.
Feb 28CasablancaRetail22,800Med.
Development Pipeline Summary
Active tracked projects · Morocco · Pipeline data
CityProjectsTotal GFA m²2026 Completions2027 CompletionsRisk Level
Casablanca14~190,00052,00084,000High
Marrakech8~85,00032,00038,000Moderate
Rabat5~42,00024,00018,000Low
Tangiers4~71,000048,000Moderate
Fez2~12,00000Low
Overview
Key Indicators
Full indicator set by city and asset class. All metrics carry source classification and confidence scoring.
Asking Price Indicators — All Cities
Listings-derived · Median asking prices · March 2026 · Listings-derived
CityAsset ClassListing TypeMedian DH/m²Observations12M ChangeConfidenceAs Of
CasablancaApartmentsSale18,4202,104+6.2%HighMar 2026
CasablancaOfficesRent142/mo418+4.4%HighMar 2026
CasablancaVillasSale24,800312+3.1%Med.Mar 2026
MarrakechApartmentsSale17,8001,842+8.4%HighMar 2026
MarrakechRiadsSale38,200284+12.1%Med.Mar 2026
RabatApartmentsSale15,2001,104+2.6%HighMar 2026
TangiersApartmentsSale12,800684+1.3%Med.Mar 2026
FezApartmentsSale10,400524-2.1%Med.Mar 2026
All figures are asking price indicators — not achieved transaction prices · Source: Ironwood listing database
Overview
Market Signals
Derived signal indicators for Morocco markets. Each signal references its source dataset. Signals are modelled outputs — not direct observations.
Signal Registry
Morocco · March 2026 · Modelled
SignalCityScoreDirectionSource DatasetLast UpdatedConfidence
Rent MomentumCasablanca7.4/10▲ StrongListingsMar 2026Med.
Rent MomentumMarrakech8.4/10▲ Very StrongListingsMar 2026Med.
Supply PressureCasablanca6.8/10⚠ ElevatedPipelineMar 2026Med.
Pipeline RiskCasablanca6.2/10⚠ ModeratePipelineMar 2026Med.
Inv. LiquidityNational6.4/10→ StableModelledMar 2026Est.
Markets
Countries
Country-level coverage status. Live markets have active data collection. Expanding markets are in pipeline.
Coverage Registry
Ironwood Intelligence · March 2026
CountryRegionStatusCities CoveredListing RecordsAsset ClassesData Since
🇲🇦 MoroccoNorth Africa● Live562,05282023
🇳🇬 NigeriaWest Africa● Live528,400+₦ 1,840,000Mar 2026
🇸🇳 SenegalWest Africa○ Planned———2026 Q4
🇰🇪 KenyaEast Africa○ Planned———2027
🇬🇭 GhanaWest Africa○ Planned———2027
Markets
Cities
Full city market profiles for all covered markets. Select a city to view its complete intelligence dossier. All indicators are listings-derived unless otherwise noted.
Median Apt. Price High
DH 18,420
per m² · Asking price
▲ +6.2% 12M
Listings-derived
Prime Rent High
DH 142
per m²/mo · Offices
▲ +4.4% 12M
Listings-derived
Active Listings High
4,218
verified · all asset classes
All types
Listings-derived
Yield Estimate Est.
5.8%
gross · residential
→ Stable
Modelled
Liquidity Score Med.
7.0/10
Ironwood Liquidity Index
→ Liquid
Modelled
Pipeline Supply Med.
~190k
m² GFA · 14 projects
⚠ High risk
Pipeline data
Price Trend
Apartments · Indexed 100 = Q1 2025 · Listings-derived
District Comparison
Median asking price by sub-market · Listings-derived
Development Pipeline — Casablanca
Active tracked projects · Pipeline data
#ProjectDeveloperDistrictAsset ClassGFA m²StageDeliveryRisk
01Marina Business HubUndisclosedMarinaOffice42,000SuperstructureQ3 2027High
02Anfa Place Ph.3AddohaAnfaMixed Use38,000FoundationQ2 2028Moderate
03CIL TowersCDG ImmobilierCILResidential28,000Topped OutQ4 2026Low
DEMO DATA · Pipeline data · Estimates only
Transaction Evidence
Observed transaction
DateAssetDistrictDH/m²SourceConf.
Mar 2026OfficeMarina18,200PressMed.
Jan 2026RetailMaarif22,800BrokerMed.
Dec 2025ApartmentAin Diab26,400Land Reg.High
Investment Signals
Modelled indicators
Price Growth
6.2
Rent Growth
4.4
Liquidity
7.0
Pipeline Risk
5.2
Yield Est.
5.8
Pop. Growth
6.2
IOS Score
7.7Attractive
Price Trend Data — Casablanca
Quarterly median asking prices · DH/m² · Listings-derived
PeriodApartmentsOffices (Rent /m²/mo)VillasRetailObservations
Q1 202517,34013623,80021,2003,480
Q2 202517,68013824,10021,8003,612
Q3 202517,92013924,40021,9003,840
Q4 202518,14014124,60022,1004,012
Q1 202618,42014224,80022,4004,218
Asking price indicators only · Listings-derived · DEMO DATA
Markets
Districts
Sub-market district profiles. Includes median asking rent, median asking sale price, listing volume, development pipeline, and known corporate occupiers. Asking price indicators only.
City:
District Profiles — Casablanca
Median asking prices · March 2026 · Listings-derived
DistrictCityMedian Sale DH/m²vs City AvgRent DH/m²/moListings12M ChgRecent TxnsDev. ProjectsKey OccupiersConfidence
Ain DiabCasablanca26,200+42%180284+7.1%31ResidentialHigh
Anfa / CILCasablanca24,800+35%162312+5.8%52OCP HQHigh
MaarifCasablanca20,400+11%148528+6.4%80Mixed useHigh
Marina CBDCasablanca19,800+7%158186+5.2%43AttijariwafaHigh
Sidi MaaroufCasablanca16,400-11%128412+3.1%21CapgeminiHigh
Hay HassaniCasablanca12,400-33%88604+2.8%10ResidentialMed.
DEMO DATA · Asking prices only · Transactions and occupiers are indicative
District Spotlight — Ain Diab, Casablanca
Asking Price Summary
Ain Diab · Listings-derived
Median Sale PriceDH 26,200/m²
vs City Median+42% premium
Median RentDH 180/m²/mo
Yield Estimate8.2% Modelled
Active Listings284
12M Price Change+7.1%
Primary Asset TypeVillas · High-end residential
ConfidenceHigh
Pipeline + Occupiers
Ain Diab · Combined sources
Development Pipeline Pipeline
Active Projects1 tracked project
Total GFA~4,200 m² (residential)
Risk LevelLow
Corporate Occupiers Observed
TrackedPredominantly residential
Major tenants—
Recent Transactions3 tracked (2025–2026)
Data
Listings Database
Raw listings observations. This is the base dataset — immutable, append-only, never overwritten by analytics logic. All asking price metrics derive from this layer.
Data Layer: Raw Data Layer · Listings-derived only · Read-only · Append-only · Source: Mubawab Morocco scrape · 62,052 records ingested
Listings Registry
Morocco · All asset classes · Listings-derived
#CityDistrictAsset ClassTypePrice DHDH/m²Size m²ListedSourceConfidence
1CasablancaMaarifApartmentSale1,850,00018,500100Mar 2026MubawabHigh
2MarrakechGuelizApartmentSale2,140,00017,833120Mar 2026MubawabHigh
3CasablancaAin DiabVillaSale6,200,00026,086238Feb 2026MubawabHigh
4RabatAgdalOfficeRent98,000/yr98/mo83Mar 2026MubawabHigh
5MarrakechPalmeraieRiadSale4,584,00038,200120Feb 2026MubawabHigh
Raw Data Layer · Read-only · 62,052 total records · Showing sample
Data
Transactions
Observed transaction evidence. Sourced from land registries, corporate announcements, broker reports, and press. Each record carries a confidence score.
Data Layer: Raw Data Layer · Observed External Data · Read-only · Append-only · Source: land registries · corporate announcements · broker reports
Transaction Register
Morocco · All cities · Observed transaction
DateCityDistrictAsset TypeBuyer TypeSeller TypePrice DHDH/m²Size m²SourceConfidence
Mar 2026CasablancaMarinaOfficeInstitutionalDeveloper42,000,00018,2002,308PressMed.
Feb 2026MarrakechPalmeraieRiadPrivate HNWPrivate4,620,00038,500120BrokerMed.
Feb 2026RabatAgdalApartmentPrivateDeveloper1,848,00015,400120Land RegistryHigh
Jan 2026TangiersFree ZoneLandCorporateGovernment8,400,000840/m²10,000Corp. Ann.High
Jan 2026CasablancaMaarifRetailInstitutionalPrivate27,360,00022,8001,200BrokerMed.
DEMO DATA · Observed external data · Not investment advice
Data
Development Pipeline
Active, approved, and proposed development projects. Sources include developer announcements, planning authorities, and construction reports.
Data Layer: Raw Data Layer · Pipeline data · Sources: developer announcements · planning authorities · municipal permits · press
Pipeline Register
Morocco · All cities · Pipeline data
#ProjectDeveloperCityDistrictAsset ClassGFA m²StageDeliverySourceRiskConfidence
01Marina Business HubUndisclosedCasablancaMarinaOffice42,000SuperstructureQ3 2027PressHighMed.
02Anfa Place Ph.3AddohaCasablancaAnfaMixed Use38,000FoundationQ2 2028DeveloperModerateMed.
03Tangiers FZ HubTFZ AuthorityTangiersFree ZoneOffice/Ind.48,000SuperstructureQ4 2027AuthorityModerateMed.
04CIL TowersCDG ImmobilierCasablancaCILResidential28,000Topped OutQ4 2026DeveloperLowHigh
05Palmeraie Villas Ph.5Palmeraie GroupMarrakechPalmeraieVillas32,000SuperstructureQ1 2027DeveloperLowHigh
06Agdal Mixed-Use TowerImmologRabatAgdalMixed Use24,000Topped OutQ3 2026DeveloperLowHigh
DEMO DATA · Pipeline data · Confidence varies by source · March 2026
Data
Corporate Occupiers
Major corporate tenants and office occupiers by city. Sources include Google Maps, LinkedIn, business directories, free zone registers, and building directories.
Data Layer: Raw Data Layer · Observed external data · Sources: Google Maps · LinkedIn · business directories · free zone tenant lists
Occupier Register
Morocco · Observed occupier data
CompanyIndustryCityDistrictBuildingSize Est. m²SourceVerifiedConfidence
OCP GroupMining/Chem.CasablancaCILOCP HQ~12,000Corp. websiteJan 2026High
Attijariwafa BankBankingCasablancaCBDAttijariwafa Tower~8,400Corp. websiteJan 2026High
Maroc TelecomTelecomRabatAgdalMT HQ~6,200LinkedInFeb 2026Med.
Capgemini MoroccoIT ServicesCasablancaSidi MaaroufCasaNearshore~3,800Free Zone ListFeb 2026Med.
Club MedTourism/Hosp.MarrakechPalmeraieClub Med Palmeraie~28,000Corp. websiteJan 2026High
DEMO DATA · Size estimates only · Verification date shown
Data
Infrastructure Projects
Major infrastructure developments affecting real estate demand. Sources include transport ministries, port authorities, and government infrastructure plans.
Data Layer: Raw Data Layer · Observed external data · Sources: transport ministries · port authorities · government plans · DFIs
Infrastructure Register
Morocco · Infrastructure data
ProjectTypeCityDistrictValue (DH B)SponsorTimelineStatusRE ImpactSource
Grand Stade Hassan IIStadiumCasablancaBouskoura4.5BState2025–2028Under ConstructionHighGov. press
Tangiers Med Port Ph.2Port ExpansionTangiersPort Zone3.2BTMSA2024–2027Under ConstructionHighTMSA
Casablanca Metro Line 3MetroCasablancaMultiple2.8BCDG2025–2030PlanningHighGov. press
Marrakech Airport Ph.4AirportMarrakechMenara1.4BONDA2024–2026CompletingModerateONDA
Rabat Tram ExtensionTramRabatHay Riad0.6BMunicipality2025–2027Under ConstructionModerateGov. press
DEMO DATA · Infrastructure data · RE impact is indicative assessment
Analytics
Liquidity Index
Ironwood proprietary liquidity scoring. Composite of listing volume, price dispersion, transaction frequency, and investor activity. Scored 0–100. Modelled
Liquidity Trend — 6 Months
All cities · Modelled
Component Scores
By driver · March 2026
Liquidity Rankings
Morocco · Scored 0–100 · Modelled
#CityOverallListing VolumePrice DispersionTxn FrequencyInvestor ActivityMoMRating
01Casablanca
70
82686471+2 ptsLiquid
02Marrakech
68
74725880+4 ptsLiquid
03Rabat
60
62585466+1 ptModerate
04Tangiers
52
48544462+1 ptModerate
05Fez
38
36443242-3 ptsIlliquid
Ironwood Liquidity Index · Modelled indicator · March 2026
Analytics
Investment Radar
Composite investment opportunity scoring. Derived from 6 weighted components. Modelled indicator — not investment advice.
🥇 #1 — Marrakech
8.4
/10
Marrakech
Strong Buy
Price Growth
8.4
Rent Growth
7.1
Liquidity
6.8
Pipeline Risk
6.2
Yield Est.
6.4
Pop. Growth
7.5
🥈 #2 — Casablanca
7.7
/10
Casablanca
Attractive
Price Growth
6.2
Rent Growth
4.4
Liquidity
7.0
Pipeline Risk
5.2
Yield Est.
5.8
Pop. Growth
6.2
🥉 #3 — Tangiers
6.8
/10
Tangiers
Emerging
Price Growth
1.3
Rent Growth
2.8
Liquidity
5.2
Pipeline Risk
7.8
Yield Est.
4.8
Pop. Growth
8.2
Investment Opportunity Scores — Full Ranking
Morocco · Modelled indicator · Not investment advice
#CityIOS ScorePrice GrowthRent GrowthLiquidityPipeline RiskYieldPop. GrowthSignal
01Marrakech
8.4
+8.4%+7.1%6.8Low6.4%7.5Strong Buy
02Casablanca
7.7
+6.2%+4.4%7.0Moderate5.8%6.2Attractive
03Tangiers
6.8
+1.3%+2.8%5.2Low4.8%8.2Emerging
04Rabat
6.1
+2.6%+3.1%6.0Low5.2%5.4Neutral
05Fez
3.4
-2.1%-1.4%3.8Low4.1%3.2Underweight
IOS = Ironwood Investment Opportunity Score · Modelled · Not investment advice
Analytics
Yield Estimates
Gross yield estimates derived from median asking rents and sale prices. These are estimated indicators — not achieved investment returns.
⚠ Important: Yield figures are estimated from asking-price ratios only. They do not reflect achieved transaction yields, vacancy, management costs, or financing. Modelled
Gross Yield Estimates by City and Asset Class
Morocco · March 2026 · Listings-derived inputs · Modelled output
CityAsset ClassMedian Sale DH/m²Median Rent DH/m²/moGross Yield Est.Confidence
CasablancaApartments18,420905.8%Est.
CasablancaOffices22,0001427.7%Est.
MarrakechApartments17,800956.4%Est.
MarrakechRiads38,2002206.9%Est.
RabatApartments15,200665.2%Est.
TangiersApartments12,800514.8%Est.
FezApartments10,400364.1%Est.
DEMO DATA · Modelled estimates · Not investment advice · Gross only
Map
Market Map
Interactive map showing city clusters, listing density, and liquidity scores. Circle size = listing volume. Color = liquidity (dark = high).
Morocco — Market Map
Map
Heatmaps
Price and liquidity heatmaps by district. Urban expansion visualisation. Geospatial data sourced from OpenStreetMap and listing geolocation.
▦
District Heatmaps
Available with district-level geospatial data integration. Requires OpenStreetMap district boundary data.
Coming in v3.1
Research
Market Reports
Automated institutional research generated from platform data. Each report references source datasets and confidence levels explicitly.
Country Overview
Morocco Real Estate Market Overview
March 2026 · 12 pages · Listings Pipeline
+6.1%
Natl. Growth
12,806
Listings
5.8%
Yield Est.
Morocco shows broad-based price growth led by Marrakech (+8.4%) and Casablanca (+6.2%), supported by improving liquidity and sustained urbanisation demand.
City Market Brief
Casablanca Office Market Brief
Q1 2026 · 8 pages · Listings Pipeline
DH 142
Prime Rent
+4.4%
12M Growth
5.8%
Yield Est.
Prime Casablanca office rents at DH 142/m²/month. Elevated pipeline risk with ~64,000 m² entering 2027–2028. Near-term demand fundamentals remain supportive.
City Market Brief
Marrakech Residential Market Brief
Q1 2026 · 8 pages · Listings
DH 17,800
Median/m²
+8.4%
12M Growth
6.4%
Yield Est.
Strongest performing market in Morocco. Riad yields highest in country at 6.4%. Tourism-driven demand supporting a two-speed market.
Research
Insights
Platform-generated analytical observations from data movements. Updated when significant data changes are detected.
Latest Insights
March 2026 · Auto-generated from data layer
▲ Signal
Marrakech riad prices accelerating — 12.1% YoY
Median riad asking prices reached DH 38,200/m² in March 2026, up 12.1% year-on-year based on 284 verified listings. This outperforms apartment growth (+8.4%) and represents the strongest asset class growth in Morocco. Source: Listings-derived
⚠ Risk
Casablanca office pipeline at 2027 delivery concentration risk
14 tracked office projects totalling ~190,000 m² are active in Casablanca, with majority targeting 2027–2028 delivery. Annual absorption estimated at 15,000–20,000 m². Supply overhang scenario should be modelled. Source: Pipeline data
▼ Watch
Fez asking prices contracting — only declining market in Morocco
Fez apartment prices fell -2.1% over 12 months to March 2026 based on 524 listing observations. Rent data also declining at -1.4%. Liquidity score at 3.8/10, lowest in coverage. Source: Listings-derived
Tools
Data Explorer
Cross-dataset querying tool. Filter by city, asset class, date range, and data layer. All results show source classification.
Query Builder
Dataset
City
Asset Class
Period
Select a dataset and filters above, then click Run Query to explore data.
Tools
Data Exports
Export any dataset as CSV or Excel. All exports include source metadata, confidence scores, and data layer classification.
Listings Database
Raw · Listings
Full listing records — city, district, price, DH/m², size, type, date, source. 62,052 records.
Transaction Register
Raw · Observed
Observed transactions with buyer/seller type, price, source, confidence scoring.
Development Pipeline
Raw · Pipeline
All tracked projects — developer, GFA, stage, delivery date, risk score, source.
Corporate Occupiers
Raw · Observed
Occupier register — company, industry, city, district, size estimate, source.
Price Trend Series
Derived · Analytics
Quarterly median price series by city and asset class. Listings-derived inputs.
Investment Scores
Derived · Modelled
IOS and Liquidity Index scores by city with component breakdowns. Not investment advice.
Tools
API Access
Programmatic access to all three data layers. Raw data, derived analytics, and market signals available via REST API.
Endpoints
EndpointLayerReturns
/v1/listingsRawListing records
/v1/transactionsRawTransaction records
/v1/pipelineRawPipeline projects
/v1/occupiersRawOccupier records
/v1/analytics/pricesDerivedPrice trend series
/v1/analytics/liquidityDerivedLiquidity scores
/v1/analytics/radarDerivedInvestment scores
Quick Start
# Get Casablanca apartment listings
curl -H "Authorization: Bearer YOUR_KEY" \
https://api.ironwoodintelligence.com/v1/listings
?city=casablanca&asset_class=apartments
&limit=100&format=json
Data
Macro Indicators
Macroeconomic and demographic indicators relevant to real estate demand. Sources include World Bank, national statistics agencies, and central banks. All macro figures are observed external data.
Data Layer: Raw Data Layer · Macro / observed · Sources: World Bank · HCP Morocco · Bank Al-Maghrib · ONMT
Source Registry
Macro data sources · Morocco
DatasetSourceIndicator TypeUpdate CadenceURLConfidence
Population & DemographicsHCP MoroccoMacro · ObservedAnnual / Censushcp.maHigh
GDP & GrowthWorld Bank / HCPMacro · ObservedAnnualdata.worldbank.orgHigh
Interest Rates / MonetaryBank Al-MaghribMacro · ObservedMonthlybkam.maHigh
Tourism ArrivalsONMT (Observatoire)Macro · ObservedMonthlyonmt.maHigh
Household FormationHCP MoroccoMacro · ObservedCensus / Est.hcp.maMed.
Income LevelsWorld Bank / HCPMacro · ObservedAnnualdata.worldbank.orgMed.
Macro Indicators Register
Morocco · Macro / observed · Fields: population, GDP growth, household formation, tourism arrivals, income levels
YearPopulationPop. Growth %GDP Growth %Household FormationTourism ArrivalsGDP/Capita (USD)SourceConfidence
202036.0M+0.9%-6.3%~240k/yr~1.3M3,280World Bank / HCPHigh
202136.3M+0.8%+7.9%~244k/yr~2.4M3,440World Bank / HCPHigh
202236.6M+0.9%+1.3%~248k/yr~9.8M3,680World Bank / HCPHigh
202336.8M+0.9%+3.4%~252k/yr~14.5M3,840World Bank / HCPHigh
202437.1M+0.9%+3.1%~256k/yr~17.4M4,020World Bank / HCPMed.
2025E37.4M+0.9%~3.8%~260k/yr~19M (est.)~4,200IMF / HCP estimateEst.
Macro indicators · Observed external data · 2025E = estimate · Not investment advice
City-Level Demographics — Morocco
City Population & Household Data
Estimates · Macro / observed · Source: HCP Morocco
CityPopulation Est.Pop. Growth (5yr)Households Est.Urbanisation RateMedian AgeGDP ShareSource
Casablanca4.4M+8.2%~1.1M98%32~35% nationalHCP 2024
Rabat1.9M+6.4%~480k97%33~12% nationalHCP 2024
Fez1.2M+3.1%~290k88%28~5% nationalHCP 2024
Marrakech1.1M+9.8%~260k92%30~6% nationalHCP 2024
Tangiers1.1M+12.4%~255k95%29~7% nationalHCP 2024
DEMO DATA · Estimates from HCP Morocco · Not investment advice
Key RE Demand Drivers
Morocco · Macro context for real estate demand
Annual HH Formation~260,000 / year
Urban pop. share~63% (2024)
Tourism growth+19% YoY (2024E)
Diaspora remittances~USD 11B/year
FDI inflows~USD 2.8B (2024E)
Policy rate (BAM)2.75% (Q1 2026)
Macro-to-RE Signal
Derived signal · Modelled
Demand Trend
7.8
Affordability
5.2
Tourism Support
8.4
GDP Momentum
6.4
Pop. Growth
5.8
Modelled composite · Source: macro_indicators_raw · Derived analytics layer