Marrakech.

Trophy estates, riad heritage, +5–8% YoY appreciation.

Marrakech is the default international destination for Moroccan luxury — EU and Gulf buyers usually land here first. Palmeraie estates anchor the top tier; Medina riads dominate the short-let economy. WC 2030 catalyst is indirect (closest venue is Casablanca) but the TGV extension to Marrakech by 2030 changes that calculus.