The Moroccan real estate market, specifically the Organismes de placement collectif immobilier (OPCI), has achieved a significant milestone, reaching an active net worth of 133.97 billion dirhams (MMDH) as of December 2025. This data was released by the Autorité marocaine du marché des capitaux (AMMC). The market has shown substantial growth, with a high occupancy rate and a strong focus on real estate.
As of the second half of 2025, Morocco had 65 OPCI managed by 8 management companies, supported by 16 real estate evaluators. These OPCI collectively own 2,778 real estate assets valued at 176.04 MMDH, with a total debt of 52.27 MMDH. The diversified OPCI dominate the market, with 53 entities holding 91.2% of the active net worth, while 12 specialized OPCI represent 8.8%.
The OPCI market in Morocco is characterized by high occupancy rates, with 98.7% of the real estate portfolio and 98.6% of the financial portfolio being occupied. The portfolio composition is primarily made up of real estate assets (95.5%) and financial assets (4.5%). The most represented assets are offices (50.3%), followed by commercial premises (18.5%) and administrative buildings (17.8%).
Geographically, the distribution of assets is concentrated in three main regions: Rabat-Salé-Kénitra (30%), Casablanca-Settat (20.2%), and Fès-Meknès (11.2%). The main holders of the active net worth are banks (38%) and insurance companies, pension and retirement organizations (36.6%). Non-financial companies account for 9.2%, while other financial companies make up 7.7%.
The Moroccan real estate market, as reflected by the OPCI, demonstrates a strong and expanding trend. The AMMC's data highlights the market's growth and stability, with significant investment in real estate assets. The market's performance is a positive indicator for Morocco's economy.
The growth of the OPCI market can be attributed to the increasing demand for real estate investments in Morocco. The market's diversification, with a range of assets and management companies, contributes to its stability and attractiveness to investors. The AMMC's regulation and oversight play a crucial role in maintaining the market's integrity.
The Moroccan government's efforts to promote the real estate market and encourage investment are reflected in the market's performance. The OPCI's growth and expansion are expected to continue, driven by the country's economic development and the increasing demand for real estate assets.
Key points
- Moroccan real estate market reached 133.97 billion dirhams in 2025.
- 65 OPCI managed by 8 companies, with 2,778 real estate assets valued at 176.04 MMDH.
- High occupancy rates, with 98.7% of real estate portfolio occupied.
