Morocco’s Collective Land Sales Surge, Generating 509 Million Dirhams in 2023

In total, 33 real estate transactions involving collective lands with a total area of around 996 hectares allowed these revenues to be realized in 2023, the report states, noting that the housing and tourism sectors took the lion’s share, with 57% of the total area, followed by basic equipment projects with 41%. The rest of the areas were allocated to local authority equipment and projects in the industrial sector.

The majority of the area transferred, around 564 hectares and 77% of the total, was allocated to private companies, the report reveals, specifying that these transactions generated more than 391 million dirhams, or 57% of the total revenue from real estate transactions during the period.

The State, for its part, obtained 261 hectares, or 26% of the total area, estimated at around 50 million dirhams. The rest of the areas, worth around 68 million dirhams, were allocated to local authorities, public institutions and the private domain of the State. These lands will allow the State to carry out housing projects and rehousing programs for slum dwellers.