Under construction · current release

Carat Phase 2

El Higuerón · Benalmádena Pueblo

Prices from

€919,000

Available

12 of 48

Bedrooms

2–3en-suite

Delivery

End of 2026

Type

Apartments

Size from

84 m²

Total homes

48 homes

Phase

Under construction

Get more information → 💬 WhatsApp us

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

Project lifecycle

Coming soon

Off-plan

With licence

You are hereUnder construction~22% saving

Completed

Roccabox · the editorial

Carat Phase 2, in context.

Carat Phase 2 is a collection of 48 two- and three-bedroom apartments within Reserva del Higuerón, the gated resort community positioned between Málaga and Marbella on the western Costa del Sol. Construction began in September 2024, with completion targeted for the end of 2026.

Of the 48 residences, 36 have already been sold, leaving just 12 available — a meaningful indicator of validated demand at this address. Apartments range from 84 m² to 256 m² of built space, with private terraces reaching 425 m² on select units. Prices run from €919,000 to €2,549,000. The project's four blocks are positioned — two east-facing, two south-facing — so that no residence blocks the sightlines of another. An entire floor of the first block is dedicated to communal amenities: co-working space, pilates room, gym, sauna, hammam, massage room, heated pool with a 110 m² water surface, and a bar with outdoor terrace.

For buyers weighing the broader Reserva del Higuerón ecosystem, Carat represents the maturing phase of an established resort rather than a speculative land play.

Prepared by the Roccabox New-Developments Desk · Marbella

At a glance

Key facts

01
48 apartments across two phases — only 12 of 48 units remain available
02
Built areas from 84 m² to 256 m², private terraces up to 425 m²
03
Construction under way since September 2024, completion targeted end of 2026
04
Communal amenities floor: heated pool (110 m²), hammam, sauna, gym and bar
05
Ten minutes from Málaga International Airport via the AP-7

The current release

The 12 remaining apartments

Each one specified individually. Pricing released on enquiry.

+Show full unit listHide unit list 12 units · Unit, block, floor, specs, garage

Unit	Block	Floor	Beds	Baths	Interior	Outside	Garage
1D	—	1	2	2	84 m²	34 m² terrace · 121 m² plot	2 + storage
2D	—	2	2	2	84 m²	34 m² terrace · 121 m² plot	2 + storage
3B	—	3	3	3	85 m²	42 m² terrace	2 + storage
3G	—	3	2	2	84 m²	50 m² terrace · 131 m² plot	2 + storage
2C	—	2	3	3	122 m²	44 m² terrace · 155 m² plot	3 + storage
1I	—	1	3	3	108 m²	64 m² terrace · 175 m² plot	3 + storage
1A	—	1	3	3	122 m²	184 m² terrace · 308 m² plot	3 + storage
2A	—	2	3	3	122 m²	207 m² terrace · 330 m² plot	3 + storage
3A	—	3	3	4	122 m²	229 m² terrace · 385 m² plot	3 + storage
3K	—	3	3	4	122 m²	231 m² terrace · 354 m² plot	3 + storage
4C	—	4+	3	4	225 m²	59 m² terrace · 300 m² plot	3 + storage
4A	—	4+	3	4	256 m²	149 m² terrace · 425 m² plot	3 + storage

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

Roccabox AI

Ask anything about Carat Phase 2.

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.

Live · Trained on the latest data for this project

Answers will appear here. Try a starter question above, or type your own.

Live availability

12 of 48 apartments remain

Live data refreshed nightly from our multiple independent sources.

2-bedroom apartments 84 m²

From

€919,000

3 available

3-bedroom apartments 85–256 m²

From

€1,019,000

9 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 2 currently sits in the Under construction band.

Coming soon

~40% off

Off-plan

~32% off

With licence

~27% off

Under construction

YOU ARE HERE

~22% off

Completed

~16% off

Current entry

€919k

Under construction pricing

Projected key-ready benchmark

€1.18M

Indicative uplift modelled against comparable new-build completions

Roccabox analyst view

With construction already started and a firm end-of-2026 completion, the speculative risk common to pre-launch purchases is substantially reduced. At the same time, only 12 residences remain — 75 per cent of the development has transacted, which limits renegotiation leverage but confirms the market's assessment of the address. The area median resale price sits at approximately €3,202 per m² ( data), while Carat's entry point of €919,000 for 84 m² implies a headline rate materially above that median — reflecting the resort setting, specification, and scarcity premium buyers at this stage are purchasing into.

Reserving early

Why buyers reserve at this stage

Personalisation window

Reserving during the Under construction 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

12 of 48 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 2 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 €10,940 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 2 (€/m² built)

€10,940

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

84–256 m²

Internal area per unit

Specification

What every unit receives

Bedrooms

2–3 en-suite

Bathrooms

2–4

Built area

84–256 m²

Build stage

Under construction

Completion

End of 2026

Warranty

10-yr structural

Energy

Class A (new build)

El Higuerón

Living in Benalmádena Pueblo

Golf

4.2 km

Golf Benalmadena Pitch& Putt

Beach

774 m

Playa de Torreblanca

Beach club

991 m

HW Beach Club

Airport

14.3 km

Aeropuerto de Málaga - Costa del Sol

Restaurant

433 m

Kalifato

Café

1.8 km

Bar Calypso

Bar

671 m

Gecko Beach Shack

Supermarket

1.4 km

Alsara Express

Pharmacy

1.2 km

Farmacia El Higuerón

Hospital

3.9 km

Hospital Vithas Xanit International

Gym

3.0 km

Dianoa Training

Padel / tennis

5.3 km

Club de Raqueta

Marina

4.4 km

Puerto Deportivo de Fuengirola

Train station

623 m

Carvajal

El Higuerón occupies a hillside position within the established Reserva del Higuerón resort, roughly midway along the Costa del Sol between Málaga city and Marbella — each reachable in under 30 minutes by motorway. The annual average high of 21.2 °C and average low of 14.5 °C support year-round outdoor living without the extremes of either northern Europe or inland Andalusia. The resort's own secure perimeter, landscaped green corridors and scenic walking routes form the immediate daily environment, while Málaga's cultural quarter — its galleries, restaurants and international airport — sits just ten minutes to the east. Marbella's marina and golf courses lie in the opposite direction along the same coastal road.

From your door

Marbella Old Town

29 min by car

27.0 km direct

Puerto Banús

37 min by car

33.9 km direct

Málaga Airport

15 min by car

13.8 km direct

Mijas Pueblo

5 min by car

4.7 km direct

La Cala de Mijas

11 min by car

10.2 km direct

Estepona

57 min by car

52.2 km direct

Gibraltar

1h 31m by car

83.6 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 2 residences suits your brief, model the numbers in your currency, and arrange a private viewing within the week. Airport transfer arranged where helpful.

EnglishEspañolРусскийFrançaisNederlandsSvenska

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

€92k10%

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

Contract signing

€184k20%

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

On completion

€643k70%

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

Total cost of ownership

Purchase price · drag to model

€919,000

From €919,000€2,549,000

VAT / IVA (10% new build)

€91,900

Stamp duty / AJD (1.2%)

€11,028

Notary + registry (~1%)

€9,190

Legal fees (~1%)

€9,190

All-in

€1,031,118

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

€3,221/mo

Total repayable

€966,153

Loan-to-value · 70%

50%70%

Term · 25 years

10 yrs30 yrs

Interest rate · 3.50%

2.5%5.5%

Deposit required

€275,700

Loan amount

€643,300

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

€165,420gross uplift

B · Rent long-term (gross/yr)

€25,732

C · Short-term rental (peak gross/yr)

€41,355

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 2 a good investment compared to the local resale market?

Carat Phase 2 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 2?

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 2 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 2 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 Under construction stage, Carat Phase 2 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 12 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