Under construction · current release

Carat Phase 3

El Higuerón · Benalmádena Pueblo · Ref: RDEV2218

Prices from

€822,000

Available

17 of 38

Bedrooms

2–4en-suite

Delivery

End of 2026

Type

Apartments

Size from

84 m²

Total homes

38 homes

Phase

Under construction

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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 3, in context.

Carat Phase 3 is a run of 38 apartments inside Reserva del Higuerón, the established hillside resort that links Benalmádena Pueblo with Fuengirola. Homes range from two to four bedrooms and from 84 to 260 m² built, with terraces and private outdoor space taking the total footprint to between 125 and 383 m². Prices start at €822,000 and reach €2,425,000. The buyer is typically international, part-time at first and wants resort infrastructure on the doorstep without the upkeep that comes with a villa.

The masterplan does the heavy lifting. The wider Carat scheme is set out as 157 homes across four blocks, the first two facing east and stepped one above the other so that no home takes another's view. The remaining pair face south.

An entire floor of the first block is given over to shared space: gym, pilates studio, sauna, Turkish bath, massage room, heated pool, co-working area and a multipurpose room.

Construction began in October 2025 with delivery scheduled for the end of 2026, which makes this a short and visible wait rather than a leap of faith. Twenty-one of the 38 homes have already sold, leaving 17. For now that still means a real choice of floor, aspect and size, which is rarely the case in a building already more than half committed.

Prepared by the Roccabox New-Developments Desk · Marbella

At a glance

Key facts

01
38 apartments in Reserva del Higuerón, 21 sold and 17 still available
02
Two to four bedrooms, 84 to 260 m² built, outdoor space from 125 to 383 m²
03
Prices from €822,000 to €2,425,000
04
Under construction since October 2025, delivery end of 2026
05
Amenity floor with heated pool, sauna, Turkish bath, gym, pilates studio and co-working

The current release

The 17 remaining apartments

Each one specified individually. Pricing released on enquiry.

+Show full unit listHide unit list 17 units · Unit, block, floor, specs, garage

Unit	Block	Floor	Beds	Baths	Interior	Outside	Garage
D	—	GF	2	2	86 m²	44 m² terrace · 133 m² plot	2 + storage
E	—	GF	2	2	86 m²	44 m² terrace · 133 m² plot	2 + storage
1F	—	1	2	2	84 m²	37 m² terrace · 125 m² plot	2 + storage
2F	—	2	2	2	84 m²	38 m² terrace · 125 m² plot	2 + storage
2E	—	2	2	2	86 m²	38 m² terrace · 127 m² plot	2 + storage
3C	—	3	2	2	86 m²	38 m² terrace · 127 m² plot	2 + storage
3E	—	3	2	2	84 m²	38 m² terrace · 126 m² plot	2 + storage
3D	—	3	2	2	86 m²	38 m² terrace · 127 m² plot	2 + storage
C	—	GF	3	3	108 m²	53 m² terrace · 165 m² plot	2 + storage
H	—	GF	3	3	108 m²	53 m² terrace · 165 m² plot	2 + storage
B	—	GF	3	3	108 m²	53 m² terrace · 165 m² plot	2 + storage
1C	—	1	3	3	108 m²	46 m² terrace · 157 m² plot	2 + storage
1B	—	1	3	3	108 m²	46 m² terrace · 157 m² plot	2 + storage
2H	—	2	3	3	108 m²	51 m² terrace · 162 m² plot	2 + storage
1I	—	1	3	3	122 m²	87 m² terrace · 212 m² plot	2 + storage
2I	—	2	3	3	122 m²	105 m² terrace · 229 m² plot	2 + storage
4C	—	4	4	4	260 m²	101 m² terrace · 383 m² plot	2 + storage

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

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Live availability

17 of 38 apartments remain

Live data refreshed nightly from our multiple independent sources.

2-bedroom Apartments 84–86 m²

From

€822,000

8 available

3-bedroom Apartments 108–122 m²

From

€979,000

8 available

4-bedroom Apartment 260 m²

From

€2,425,000

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 3 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

€822k

Under construction pricing

Projected key-ready benchmark

€1.05M

Indicative uplift modelled against comparable new-build completions

Roccabox analyst view

Buying here now is a timing decision rather than a speculative one. Ground works started in October 2025 and completion is set for the end of 2026, so the payment schedule is short and the building is already out of the ground. With 21 of 38 homes sold, choice of aspect and floor is the asset that disappears first, particularly in the south-facing blocks. On price, be clear-eyed: this sits well above the Benalmádena Pueblo resale median of €3,304 per m² and that gap buys new construction, resort amenities and sea views that the local second-hand stock, averaging €356,536 and 154 days on the market, does not offer.

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

17 of 38 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 3 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 €9,786 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 €3,307/m².

Comparable confidence: 70% · Source: live market data, 19/09/2026

Benalmádena Pueblo apartments median (€/m²)

€3,307

Carat Phase 3 (€/m² built)

€9,786

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

84–260 m²

Internal area per unit

Specification

What every unit receives

Bedrooms

2–4 en-suite

Bathrooms

2–4

Built area

84–260 m²

Plot size

125–383 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

This is one of the few resort addresses on the coast where you can leave the car alone. Carvajal station sits 623 metres away, putting Málaga centre and the airport on a suburban train line rather than a motorway.

Playa de Torreblanca is a similar distance downhill, with a beach shack and a beach club within a kilometre for the long lunches that define summer here.

Day-to-day life is straightforward. A pharmacy and two supermarkets lie within 1.5 kilometres and the Vithas Xanit international hospital is eight minutes by car. Fuengirola's marina is nine minutes along the coast, the local pitch and putt eight, with two full courses and a racquet club inside a quarter of an hour.

The climate explains the terraces. Average daily highs of 21.2°C and lows of 14.5°C across the year mean the terrace becomes the room you actually live in, from breakfast through to the evening when the lights of the bay come on below. Mornings in the pool and sauna, afternoons at sea level, dinner ten minutes from home.

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 3 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

€82k10%

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

Contract signing

€164k20%

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

On completion

€575k70%

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

Total cost of ownership

Purchase price · drag to model

€822,000

From €822,000€2,425,000

VAT / IVA (10% new build)

€82,200

Stamp duty / AJD (1.2%)

€9,864

Notary + registry (~1%)

€8,220

Legal fees (~1%)

€8,220

All-in

€930,504

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

€2,881/mo

Total repayable

€864,176

Loan-to-value · 70%

50%70%

Term · 25 years

10 yrs30 yrs

Interest rate · 3.50%

2.5%5.5%

Deposit required

€246,600

Loan amount

€575,400

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

€147,960gross uplift

B · Rent long-term (gross/yr)

€23,016

C · Short-term rental (peak gross/yr)

€36,990

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 3 a good investment compared to the local resale market?

Carat Phase 3 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 3?

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 3 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 3 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 3 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 17 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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