RiadIntel
Moroccan guesthouse bedroom with ornate ceiling in Kennaria.
1 / 3
Kennaria, Marrakech

Riad titré à vendre à 1 min 30 de Jemaa el Fna

$2M
Overpriced
Asking price clearly above district benchmarks
Easy
Riad titré à vendre à 1 min 30 de Jemaa el Fna
RiadIntel deal report

Kennaria — Marrakech

Asking
$2M
Fair value est.
$759,411 – $1.6MAbove range
Capex
$67,635 – $148,797
Total investment
~$2.1M
Gross Yield Est.
4% – 6%$84,190 – $126,286
Signal
Caution
Benchmark
+140% vs Kennaria mediann=5 · as of May 2026
Verdict

Strong guesthouse potential — priced ~140% above the fair value estimate, based on limited comparables (n=5), so the asking price is negotiated or the asset repositioned before this becomes workable

Next step:Validate title, renovation scope, and comparable guesthouse revenue before treating the current asking price as workable.
Best for

Guesthouse

Not ideal for

Investor needing fully passive ownership

Data QualityIndicative
Comparables5 comparable riads identified
Data CoverageTitle verification pending · Full due diligence required
Bedrooms7
Bathrooms6
Surface Area270 m²
Floors-

Location

Kennaria· Marrakech

Browse district →

Budget-to-midscale boutique dominated; 4–10 key assets are typical.

Budget-to-midscale boutique dominated; 4–10 key assets are typical. Limited upper-end product near Bahia-facing routes. Value creation requires room upgrades, rooftop programming, and distribution improvement — not aspirational luxury rate assumptions.

Pedestrian-only final approach in most lanes; nearest taxi edge is typically 150–300m.

European leisure FIT leads.

Standard medina risk profile: moisture, aging lime render, title and neighbor-interface issues, constrained material access.

District area — exact riad location not shownOpen

District Price Benchmark (per m²)

p25$2.8K
Median$3.1K
p75$5.9K
Sample: 5 riadsConfidence: 60%
0  other riads currently on the market in Kennaria.

Renovation Concepts

Property before renovation
Before

AI-generated renovation concept. Results may vary.

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