Casablanca’s listed real estate: what the rebound means for Moroccans abroad

This update focuses on Casablanca listed real estate. Casablanca’s listed real estate market is slowly recovering, with signals that matter for Moroccans living abroad who are planning to buy or return home.

Casablanca listed real estate lifted by housing subsidy

Developers Addoha, Alliances and Résidences Dar Saada generated more than 3 billion dirhams in combined turnover over the first six months of 2026. That is an increase of around 8.5% compared to the same period in 2025.

This rise comes in a broadly positive environment for listed companies, whose consolidated revenues reached 192 billion dirhams, up 10.8% year-on-year.

The momentum of Casablanca listed real estate is largely driven by the State’s direct housing subsidy and stronger residential demand. By early June, more than 105,000 beneficiaries had already been registered, strongly supporting sales of eligible housing units.

Direct housing subsidy: what impact on prices?

The subsidy programme primarily targets households living in Morocco. But it affects the wider market, especially the popular and mid-range segments where many Moroccans abroad buy their homes.

This sustained demand can:

• speed up the sale of housing stock in urban and peri-urban areas;
• stabilise or even push prices upwards in some cities;
• make developers more selective in launching new projects.

For Moroccans abroad, this means that the most affordable opportunities may become scarcer on certain segments, especially in large metropolitan areas where subsidised programmes are concentrated.

Developers turn more cautious with new launches

Listed developers are also changing how they operate. New projects are increasingly conditioned by analysis of real demand, household purchasing power and the pace of sales.

Most of the acceleration was recorded in the second quarter of 2026. At Addoha, for example, pre-sales rose by more than 20% over the quarter, from around 2,110 to 2,539 units. Over the full half-year, the increase reached 11%.

At the same time, the number of housing units under construction has gone up, pointing to a larger supply over the medium term, particularly in areas where demand is considered strong.

Moroccans abroad: how to prepare your return or investment?

For Moroccans abroad, the rebound in Casablanca listed real estate calls for more preparation before buying property in Morocco.

Some practical steps:

• follow half-year results of Addoha, Alliances and Résidences Dar Saada to gauge how solid the recovery is;
• ask developers or agencies which projects benefit directly or indirectly from the housing subsidy;
• check the progress of relocation schemes and World Cup 2030-related projects in your target city;
• compare several cities and suburbs, as price pressures vary sharply from one area to another.

Moroccan investors in the stock market living abroad are also staying cautious. The upcoming publication of financial statements as of 30 June 2026 will be a key test to see whether better sales effectively translate into sustainable profitability.

Before making any move, it is advisable to cross-check information with official Moroccan channels and consult updated procedures for Moroccans living abroad, in particular via the dedicated institutional portals.

For more context, readers can follow Canal212 news for Moroccans abroad.

For official updates, readers can check the relevant official source.