Monthly payment
€3,221/mo
Under construction · current release
Carat Phase 2
El Higuerón · Benalmádena Pueblo · Ref: RDEV2041
Prices from
€919,000
Available
11 of 48
Bedrooms
2–3en-suite
Delivery
End of 2026
Type
Apartments
Size from
84 m²
Total homes
48 homes
Phase
Under construction
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 48-apartment development within Reserva del Higuerón, the gated hillside enclave above Benalmádena's Carvajal coastline, aimed at buyers who want coastal proximity without the density of the seafront itself. Two- and three-bedroom homes range from 84 m² to 256 m² of built area, priced between €919,000 and €2,549,000.
The layout is deliberate: the first blocks face east, with residences stacked to protect sightlines, while later blocks turn south for longer light.
Construction began in September 2024 with completion scheduled for the end of 2026. With 37 of 48 units already sold and 11 remaining, the project is well into its absorption phase — a signal of demand, but also a narrowing window on choice.
Prepared by the Roccabox New-Developments Desk · Marbella
At a glance
Key facts
01
48 apartments in gated Reserva del Higuerón; 37 sold, 11 remaining
02
Two- and three-bedroom homes, 84–256 m² built, €919,000–€2,549,000
03
Carvajal train station 623 m away; Málaga airport 29 minutes by car
04
Full amenity floor: heated pool, gym, sauna, Turkish bath, co-working, pilates
05
Construction underway since September 2024, completion end of 2026
The current release
The 11 remaining apartments
Each one specified individually. Pricing released on enquiry.
+Show full unit listHide unit list
| 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 | |
| 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.
Answers will appear here. Try a starter question above, or type your own.
Live availability
11 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
8 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 37 of 48 units sold and completion due at the end of 2026, Carat Phase 2 offers a defined timeline rather than speculative uncertainty — buyers know what remains and when they will take possession. Only 11 homes are left across a price band that reflects Reserva del Higuerón's premium over wider Benalmádena Pueblo, where the resale median sits near €3,232 per m². The scarcity is real, and later releases within an established, part-occupied phase carry less delivery risk than earlier off-plan stages.
Reserving early
Why buyers reserve at this stage
01
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.
02
Scarcity and specification
11 of 48 units remain. The plot sizes, orientation and amenity package on this scheme are not easily replicated in the immediate resale stock.
03
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 €3,232/m².
Comparable confidence: 70% · Source: live market data, 23/07/2026
Benalmádena Pueblo apartments median (€/m²)
€3,232
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)
Document
El Higuerón
Living in Benalmádena Pueblo
The setting is unusually well connected for a hillside address. Carvajal station sits 623 metres away, putting the coastal rail line — and Fuengirola or Málaga — within easy reach without a car.
Playa de Torreblanca is a two-minute drive, and the surrounding streets hold a dense cluster of dining: Kalifato, La Cubana and Los Marinos Paco all lie within 550 metres, with beach bars such as Gecko Beach Shack closer still. Two hospitals, including Vithas Xanit International, are eight minutes away, and Puerto Deportivo de Fuengirola nine. 5°C.
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.
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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
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.
Total repayable
€966,153
50%70%
10 yrs30 yrs
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 11 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
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