Completed · current release

Carat Phase 1

El Higuerón · Benalmádena Pueblo

Prices from

€1,010,000

Available

1 of 30

Bedrooms

2en-suite

Delivery

March 2025

Type

Apartments

Size from

119 m²

Total homes

30 homes

Phase

Completed

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Licensed agency · est. 2017 AIPP member 500+ active developments

Project lifecycle

Coming soon

Off-plan

With licence

Under construction

You are hereCompleted~16% saving

Roccabox · the editorial

Carat Phase 1, in context.

Carat Phase 1 is a completed residential development of 30 two-bedroom apartments set within the Reserva del Higuerón enclave in Benalmádena, positioned midway between Málaga and Marbella on the Costa del Sol. Built between July 2023 and March 2025, the scheme comprises four blocks arranged so that east- and south-facing residences step down the hillside without obstructing one another's sightlines — a design discipline that is rare at this price point.

Each apartment measures 119 m², and at €1,010,000 the asking rate of approximately €8,487 per m² sits well above the Benalmádena Pueblo median of €3,202 per m², reflecting both the finishes and the resort infrastructure. That infrastructure is substantive: a dedicated communal floor houses co-working space, a pilates studio, gym, sauna, Turkish bath, massage room, heated pool and multipurpose room. Twenty-nine of thirty units have already sold, leaving a single residence available — the final opportunity in Phase 1.

Prepared by the Roccabox New-Developments Desk · Marbella

At a glance

Key facts

01
One remaining unit from a 30-apartment scheme — 29 of 30 sold at launch
02
Completed March 2025 — ready for immediate occupation or rental income
03
119 m² two-bedroom, two-bathroom layout with east or south aspect
04
Dedicated wellness floor: heated pool, sauna, Turkish bath, gym and co-working
05
Ten minutes from Málaga International Airport via direct motorway access

The current release

The 1 remaining apartment

Each one specified individually. Pricing released on enquiry.

+Show full unit listHide unit list 1 units · Unit, block, floor, specs, garage

Unit	Block	Floor	Beds	Baths	Interior	Outside	Garage
3D	—	3	2	2	119 m²	30 m² terrace	—

Pricing released on enquiry. Reservations require a refundable holding deposit, held under Spanish bank guarantee until completion.

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Ask anything about Carat Phase 1.

Our AI concierge knows every unit, every spec, every price, the off-plan timeline, the local market and how to compare this development against the others nearby. Answers in your language, instantly, any time.

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Live availability

1 of 30 apartments remain

Live data refreshed nightly from our multiple independent sources.

2-bedroom apartment 119 m²

From

€1,010,000

1 available

The off-plan discount curve

The off-plan discount, stage by stage

Off-plan entry typically offers the largest pricing headroom at the earliest stages. The advantage narrows as construction progresses — at completion the unit is priced at market. Carat Phase 1 currently sits in the Completed band.

Coming soon

~40% off

Off-plan

~32% off

With licence

~27% off

Under construction

~22% off

Completed

YOU ARE HERE

~16% off

Current entry

€1.01M

Completed pricing

Projected key-ready benchmark

€1.2M

Indicative uplift modelled against comparable new-build completions

Roccabox analyst view

Phase 1 is no longer off-plan — it is built, signed off and occupied. The case for acting now is one of pure scarcity: a single unit remains from a project that sold 97 per cent of its inventory during the construction period. Comparable two-bedroom resales in Benalmádena Pueblo trade between €299,000 and €620,000; Carat's specification, resort amenities and completion certainty command a deliberate premium. There is no further opportunity to negotiate a construction-stage price. What remains is the last unit in a validated, near-sold-out scheme.

Reserving early

Why buyers reserve at this stage

Personalisation window

Reserving during the Completed phase gives buyers genuine input into layout, finishes and basement use ahead of handover — a window that closes as the build advances.

Scarcity and specification

1 of 30 units remain. The plot sizes, orientation and amenity package on this scheme are not easily replicated in the immediate resale stock.

Risk-managed entry

Spanish new-build buyers are protected by staged payments held under bank guarantee, ten-year structural warranty and full licence review. Roccabox brokers all of this through regulated counsel.

Market reality

The premium, contextualised

Useful context — not a substitute for unit-level valuation. Pricing data cross-referenced against live Costa del Sol market signals.

Carat Phase 1 is not priced against average Benalmádena Pueblo resale stock. It is a premium new-build product with the specification, plot quality and amenity package that the broader resale market typically does not match. At €8,487 per built m² the relevant question is whether the premium is justified against comparable new-build completions — not whether it beats the area's median of €3,208/m².

Comparable confidence: 70% · Source: live market data, 15/05/2026

Benalmádena Pueblo apartments median (€/m²)

€3,208

Carat Phase 1 (€/m² built)

€8,487

Premium reflects

new-build specification · scarcity · plot & orientation

Why buy with Roccabox

Your purchase is in safe hands

Licensed, regulated and trusted since 2017. We verify every development before listing it.

◆

Licensed agency

AIPP member · est. 2017 · Regulated by Spanish property law

◆

Live market data

Cross-referenced against the most credible Costa del Sol sources

◆

Buyer protections

Staged payments · bank guarantee · 10-yr warranty

119 m²

Internal area per unit

Specification

What every unit receives

Bedrooms

2 en-suite

Bathrooms

Built area

119 m²

Build stage

Completed

Completion

March 2025

Warranty

10-yr structural

Energy

Class A (new build)

El Higuerón

Living in Benalmádena Pueblo

Golf

4.6 km

Golf Benalmadena Pitch& Putt

Beach

397 m

Playa de Torreblanca

Beach club

1.2 km

HW Beach Club

Airport

14.7 km

Aeropuerto de Málaga - Costa del Sol

Restaurant

264 m

Chiringuito Los Andaluces

Café

1.4 km

Bar Calypso

Bar

628 m

The Carribbean Bar

Supermarket

1.0 km

Alsara Express

Pharmacy

1.3 km

Farmacia Jiménez Ortigosa

Hospital

4.2 km

Hospital Vithas Xanit International

Gym

4.5 km

SynerGym

Padel / tennis

5.6 km

Club de Raqueta

Marina

4.0 km

Puerto Deportivo de Fuengirola

Train station

210 m

Carvajal

El Higuerón sits on Benalmádena's elevated coastal ridge, where the development data and web context both confirm proximity to Malibu Beach and the crystalline waters of this stretch of the Costa del Sol. Average daily highs of 21.4 °C and lows that rarely fall below 14.8 °C mean the terrace and heated pool are viable year-round rather than seasonal luxuries. The location threads a practical line between Málaga's cultural and commercial infrastructure to the east and the international dining and marina scene of Marbella to the west — both within straightforward driving distance. Reserva del Higuerón itself is a resort community with its own rhythm, offering scenic routes through landscaped green zones that connect Carat's phases.

From your door

Marbella Old Town

29 min by car

26.7 km direct

Puerto Banús

37 min by car

33.7 km direct

Málaga Airport

15 min by car

14.2 km direct

Mijas Pueblo

5 min by car

4.7 km direct

La Cala de Mijas

11 min by car

9.8 km direct

Estepona

57 min by car

51.9 km direct

Gibraltar

1h 31m by car

83.3 km direct

Ronda

59 min by car

54.4 km direct

Shahd Sherif · Your Roccabox specialist

New Developments Desk · Marbella office

Every Roccabox specialist on the New-Developments Desk has walked the projects we represent and reviewed the architectural drawings. We will tell you honestly which of the remaining Carat Phase 1 residences suits your brief, model the numbers in your currency, and arrange a private viewing within the week. Airport transfer arranged where helpful.

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WhatsApp the team +34 951 12 04 67

Real numbers

Understand the full picture

Spanish purchases involve taxes and fees that catch first-time international buyers off-guard. We surface every figure that matters.

Typical off-plan payment schedule

Spanish new-build purchases are typically paid in three staged instalments, with every euro held under bank guarantee until completion.

On reservation

€101k10%

Refundable holding deposit until contract signing; locks the unit out of the open market.

Contract signing

€202k20%

First instalment to the developer's bonded escrow account, around 4–8 weeks after reservation.

On completion

€707k70%

Balance paid when keys are handed over and the licence of first occupation issued.

Total cost of ownership

Purchase price · drag to model

€1,010,000

From €1,010,000€1,313,000

VAT / IVA (10% new build)

€101,000

Stamp duty / AJD (1.2%)

€12,120

Notary + registry (~1%)

€10,100

Legal fees (~1%)

€10,100

All-in

€1,133,220

Annual IBI (property tax) ≈ 0.4–1.1% of cadastral value. Community fees vary. Your gestor confirms exact figures.

Spanish mortgage scenario

Indicative non-resident mortgage on the slider price above. Spanish banks typically lend 60–70% LTV to non-residents over 20–25 years.

Monthly payment

€3,539/mo

Total repayable

€1,061,823

Loan-to-value · 70%

50%70%

Term · 25 years

10 yrs30 yrs

Interest rate · 3.50%

2.5%5.5%

Deposit required

€303,000

Loan amount

€707,000

Illustrative only. Actual Spanish mortgage terms depend on residency, income, tax history and the lender. Roccabox can introduce you to non-resident mortgage brokers.

Investment outlook

Three scenarios our analysts model on every Costa del Sol off-plan deal.

A · Hold and sell at key-ready

€181,800gross uplift

B · Rent long-term (gross/yr)

€28,280

C · Short-term rental (peak gross/yr)

€45,450

Capital growth · 8-yr area benchmark

+30–40%

Personal 5-year model

on request

Ranges are illustrative and gross. Short-term rentals require a tourism licence (VFT) and active management. Our investment analysts can model your specific scenario using current Marbella rental comparables.

Residency planning for non-EU buyers

Spain's property-based Golden Visa route closed to new applicants on 3 April 2025. Non-EU buyers acquiring property at this value still have residency routes — non-lucrative visa, digital-nomad visa, and case-specific options — depending on circumstances. We introduce regulated immigration counsel before any commitment.

Common questions

Buying off-plan in Spain, answered

Straight answers to the questions our specialists field most. For anything else, the assistant above answers in real time.

Is Carat Phase 1 a good investment compared to the local resale market?

Carat Phase 1 is positioned as a premium new-build product with developer warranty, modern specification and limited supply. Comparable to the broader resale stock in Benalmádena Pueblo on price-per-m², the premium reflects new-build standards, plot quality and amenity package not typically available in the resale market. Our market analysts model the projected key-ready value on request.

What is the off-plan payment schedule in Spain?

Spanish off-plan purchases are typically staged: 10% on reservation (refundable holding deposit), a further 20% on signing the private purchase contract, and the remaining 70% on completion. Every euro paid before completion is held under bank guarantee — if the developer defaults, your money is refunded under Spanish law.

Can a non-resident get a mortgage to buy at Carat Phase 1?

Yes. Spanish banks routinely lend 60–70% loan-to-value to non-residents on properties at this value, over terms of 20–25 years at competitive rates. Roccabox introduces vetted non-resident mortgage brokers at no cost.

Does buying at Carat Phase 1 qualify for Spanish residency?

Spain's property-based Golden Visa route closed to new applicants on 3 April 2025 under Organic Law 1/2025. However, other residency routes remain available depending on circumstances — non-lucrative visa, digital-nomad visa, work or family-based permits. Roccabox introduces regulated Spanish immigration counsel.

How far is Carat Phase 1 from Málaga airport?

Approximately 15 minutes' drive, with a direct route via the A-7 / AP-7 motorway.

What is included in the purchase price?

Price includes the unit as specified by the developer. Spanish purchase costs (VAT/IVA on new builds at 10%, AJD stamp duty at 1.2%, notary and registry around 1%, legal counsel typically 1%) sit on top of the headline price. The Roccabox team produces a personalised total-cost breakdown on request.

Can I personalise the property?

At the Completed stage, Carat Phase 1 buyers can typically influence layout details, basement configuration, finishes and specification ahead of handover. The window narrows as the build progresses. Our specialist will walk you through what's still negotiable on each remaining unit.

Speak with us

Speak with our team.

Our New-Developments Desk has reviewed every project on the Costa del Sol catalogue and can walk you through which of the remaining 1 units suit your brief, model the numbers in your currency, and arrange a viewing — including airport transfer where helpful.

Ask a question now via the assistant, or have the team follow up with the full brief.

Shahd Sherif

New-Developments Desk · Marbella

EN · ES · RU · FR · NL · SV

Call the team · +34 951 12 04 67 WhatsApp the team Ask the assistant