Estates.

Trophy assets — 1ha+ grounds, staff cottages, vineyards.

Estates are the trophy tier — Tangier Jbel Kbir diplomatic-quarter compounds, Marrakech Palmeraie 1.5ha lots with private olive groves. 500–900 m² built + 0.5–2ha grounds, 6–9 bedrooms, multiple structures (pool house, staff cottage, sometimes vineyard). Slowest velocity, highest ticket, longest hold — bought for legacy, not yield.