Under construction · current release

Korall Residences

El Higuerón · Benalmádena Pueblo · Ref: RDEV2098

Prices from

€840,000

Available

3 of 29

Bedrooms

3en-suite

Delivery

1st Quarter 2028

Type

Apartments

Size from

153 m²

Total homes

29 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

Korall Residences, in context.

Korall Residences is a gated collection of 28 three-bedroom homes the developer calls Sky Villas. It sits in the lower and most sought-after part of El Higuerón, the urbanisation that rises between Benalmádena and Fuengirola.

The project is designed for buyers who want the feel of a proper house, with a garden, storage and parking, while staying within walking distance of the sea.

The architecture does the heavy lifting. Each villa is staggered across four levels, so the homes step down the slope one above another. That arrangement is what delivers the privacy and the panoramic outlook the plans were drawn around. Interiors run from 153 to 157 m², with private gardens and the option of adding a private pool.

Climate control is aerothermal and adjustable from your phone, while the bathrooms have underfloor heating for cooler winter mornings. Every home comes with two parking spaces and a storage room. Beyond the front door, the complex has landscaped gardens, communal pools, a fully equipped gym and a co-working room.

Then there is the matter of timing. Construction has started and completion is scheduled for the first quarter of 2028. According to the latest sales data, only three homes remain, priced from €840,000 to €1,180,000. This is a finished conversation for most of the original buyers. For the last three, the window is short.

Prepared by the Roccabox New-Developments Desk · Marbella

At a glance

Key facts

01
Three-bedroom Sky Villas of 153 to 157 m² over four staggered levels
02
Only three of 28 homes remain, priced €840,000 to €1,180,000
03
Playa de Torreblanca 428 m away, Carvajal train station 309 m
04
Private gardens, optional private pool, two parking spaces and storage
05
Construction under way, completion scheduled for Q1 2028

The current release

The 3 remaining apartments

Each one specified individually. Pricing released on enquiry.

+Show full unit listHide unit list 3 units · Unit, block, floor, specs, garage

Unit	Block	Floor	Beds	Baths	Interior	Outside	Garage
2.4	—	—	3	2	153 m²	11 m² terrace · 46 m² garden	2 + storage
3.5	—	—	3	2	157 m²	4 m² terrace · 44 m² garden	2 + storage
4.4	—	—	3	2	153 m²	11 m² terrace · 48 m² garden	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

3 of 29 apartments remain

Live data refreshed nightly from our multiple independent sources.

3-bedroom Apartments 153–157 m²

From

€840,000

3 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. Korall Residences 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

€840k

Under construction pricing

Projected key-ready benchmark

€1.08M

Indicative uplift modelled against comparable new-build completions

Roccabox analyst view

This is a late-stage purchase rather than a speculative one. Construction has started, completion is due in the first quarter of 2028 and only three homes remain. It is not a bargain play. At €840,000 to €1,180,000 the villas sit well above the Benalmádena Pueblo median of €3,310 per m². Nearby three-bedroom resales are listed between €418,000 and €595,000. The premium buys a new house with its own garden, four levels arranged for privacy and aerothermal climate control. It also buys a walk to the beach and the station that few resales here can match. Area values have edged up from €3,240 to €3,318 per m² over the past year, which supports the case for buying new rather than old.

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

3 of 29 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.

Korall Residences 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 €5,490 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 €3,302/m².

Comparable confidence: 70% · Source: live market data, 28/10/2026

Benalmádena Pueblo apartments median (€/m²)

€3,302

Korall Residences (€/m² built)

€5,490

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

153–157 m²

Internal area per unit

Specification

What every unit receives

Bedrooms

3 en-suite

Bathrooms

Built area

153–157 m²

Build stage

Under construction

Completion

1st Quarter 2028

Warranty

10-yr structural

Energy

Class A (new build)

El Higuerón

Living in Benalmádena Pueblo

Golf

5.0 km

Golf Benalmadena Pitch& Putt

Beach

428 m

Playa de Torreblanca

Beach club

1.6 km

HW Beach Club

Airport

15.1 km

Aeropuerto de Málaga - Costa del Sol

Restaurant

212 m

Mia's

Café

925 m

Bar Calypso

Bar

262 m

The Carribbean Bar

Supermarket

585 m

Alsara Express

Pharmacy

878 m

Farmacia Jiménez Ortigosa

Hospital

4.7 km

Hospital Vithas Xanit International

Gym

4.0 km

SynerGym

Padel / tennis

6.0 km

Club de Raqueta

Marina

3.6 km

Puerto Deportivo de Fuengirola

Train station

309 m

Carvajal

Mornings start on foot. Playa de Torreblanca lies a little over 400 metres from the gate, close enough for a swim before breakfast. A beach club sits around 1.6 km along the shore for longer afternoons. Several restaurants are within 300 metres and a supermarket is under 600 metres away, so the car can stay parked for most of the week. Around the development, more than 100,000 m² of parks, gardens, walking paths and bike lanes give the neighbourhood an unusually green character for a coastal address.

Carvajal station, roughly 300 metres away, puts the coastal commuter line within a short walk. Fuengirola's marina is about seven minutes by car. The courses at Campo Los Lagos and Campo Los Olivos are under a quarter of an hour away and the developer places international schools at around ten minutes.

Hospital Vithas Xanit International is nine minutes away. Málaga airport is 20 to 30 minutes depending on traffic.

From your door

Marbella Old Town

29 min by car

26.3 km direct

Puerto Banús

36 min by car

33.2 km direct

Málaga Airport

16 min by car

14.6 km direct

Mijas Pueblo

5 min by car

4.7 km direct

La Cala de Mijas

10 min by car

9.3 km direct

Estepona

56 min by car

51.5 km direct

Gibraltar

1h 30m by car

82.8 km direct

Ronda

59 min by car

54.2 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 Korall Residences 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

€84k10%

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

Contract signing

€168k20%

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

On completion

€588k70%

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

Total cost of ownership

Purchase price · drag to model

€840,000

From €840,000€1,180,000

VAT / IVA (10% new build)

€84,000

Stamp duty / AJD (1.2%)

€10,080

Notary + registry (~1%)

€8,400

Legal fees (~1%)

€8,400

All-in

€950,880

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

€2,944/mo

Total repayable

€883,100

Loan-to-value · 70%

50%70%

Term · 25 years

10 yrs30 yrs

Interest rate · 3.50%

2.5%5.5%

Deposit required

€252,000

Loan amount

€588,000

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

€151,200gross uplift

B · Rent long-term (gross/yr)

€23,520

C · Short-term rental (peak gross/yr)

€37,800

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 Korall Residences a good investment compared to the local resale market?

Korall Residences 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 Korall Residences?

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 Korall Residences 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 Korall Residences from Málaga airport?

Approximately 16 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, Korall Residences 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 3 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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