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Current release · 4 of 17 apartments available
Mala Kai, Bahía Dorada
Mala Kai, Bahía Dorada
Mala Kai, Bahía Dorada
Mala Kai, Bahía Dorada
Mala Kai, Bahía Dorada
Completed · current release

Mala Kai

Bahía Dorada · Estepona · Ref: RDEV2123
Prices from
€725,000
Available
4 of 17
Bedrooms
3en-suite
Delivery
Between December 2025 and Fe…
Type
Apartments
Size from
144 m²
Total homes
17 homes
Phase
Completed
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

Mala Kai, in context.

Mãla Kai borrows the Hawaiian for sea garden and the name holds up on the western flank of Estepona, a town that plants more than a million flowers a year. The resort runs to 70 apartments of one, two and three bedrooms across seven low blocks near Arroyo Vaquero, on the Bahía Dorada stretch of coast.

What is offered here is the three-bedroom tier: seventeen homes of 144 to 147 m² with two bathrooms, priced between €725,000 and €755,000. Thirteen have sold.

The blocks were laid out to follow the Mediterranean light from morning through to evening, so the living space and its terrace stay bright for most of the day and the better-placed homes look out over the sea itself. Ground-floor apartments have private gardens, the upper floors deep terraces or roof terraces.

Each home comes with basement parking and a storeroom generous enough to swallow bicycles, paddleboards and diving kit without argument. The shared grounds hold an overflow pool with submerged loungers, changing rooms, a gym, a yoga area and lawns to walk.

Completion fell between December 2025 and February 2026. These are finished homes with keys attached rather than a render and a delivery date, which is a rarer thing on this coast than it sounds.

Prepared by the Roccabox New-Developments Desk · Marbella
At a glance

Key facts

01
Four three-bedroom homes left of seventeen, 144 to 147 m², €725,000 to €755,000
02
Completed between December 2025 and February 2026, no construction risk remaining
03
Overflow pool with submerged loungers, gym, yoga area and gated landscaped grounds
04
Beach 325 m, Mercadona 235 m, Estepona's hospital under 1 km from the gates
05
Three golf courses within 2 km and Estepona marina a seven-minute drive
The current release

The 4 remaining apartments

Each one specified individually. Pricing released on enquiry.

+Show full unit listHide unit list 4 units · Unit, block, floor, specs, garage
Unit Block Floor Beds Baths Interior Outside Garage
B5-2A 5 2 3 2 146 m² 177 m² terrace 2 + storage
B2-2B 2 2 3 2 147 m² 163 m² terrace 2 + storage
B3-2A 3 2 3 2 144 m² 171 m² terrace 2 + storage
B4-2A 4 2 3 2 144 m² 171 m² terrace 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

4 of 17 apartments remain

Live data refreshed nightly from our multiple independent sources.

3-bedroom Apartments 144–147 m²
From
€725,000
4 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. Mala Kai currently sits in the Completed band.

MORE LESS DISCOUNT TODAY · YOU ARE HERE COMING SOONOFFPLANWITH LICENCESTARTEDCOMPLETED ~40% off~32% off~27% off~22% off~16% off
Coming soon
~40% off
Off-plan
~32% off
With licence
~27% off
Under construction
~22% off
Completed
YOU ARE HERE
~16% off
Current entry
€725k
Completed pricing
Roccabox analyst view

Mãla Kai is past the risky part. The building is done, the delivery window of December 2025 to February 2026 has arrived and what remains is four three-bedroom homes out of seventeen, with thirteen already committed. Buyers can walk the actual apartment, judge the light and the sea view for themselves and complete without a staged payment schedule hanging over them. On price, expect roughly €4,930 to €5,240 per m², above the Bahía Dorada resale median of €3,502 and in line with the €4,803 new-build average for the area. Resale stock here sits around 222 days on the market, which tends to work in a cash-ready buyer's favour when choice narrows to four.

Reserving early

Why buyers reserve at this stage

01

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.

02

Scarcity and specification

4 of 17 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.

Mala Kai is not priced against average Estepona 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 €5,035 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 €3,124/m².

Comparable confidence: 70% · Source: live market data, 05/11/2026

Estepona apartments median (€/m²)
€3,124
Mala Kai (€/m² built)
€5,035
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
◆
Plot verified
Spanish national land registry
◆
Live market data
Cross-referenced against the most credible Costa del Sol sources
◆
Buyer protections
Staged payments · bank guarantee · 10-yr warranty
Mala Kai
Mala Kai
Mala Kai
144–147 m²
Internal area per unit
Specification

What every unit receives

Bedrooms
3 en-suite
Bathrooms
2
Built area
144–147 m²
Build stage
Completed
Completion
Between December 2025 and Fe…
Warranty
10-yr structural
Energy
Class A (new build)
Bahía Dorada

Living in Estepona

Golf
1.3 km
Golf Academy Albayt Resort
Beach
325 m
Airport
31.4 km
Royal Air Force Gibraltar
Restaurant
472 m
SushiPanda
Supermarket
235 m
Mercadona
Pharmacy
456 m
Farmacia Estepona
Hospital
928 m
Hospital de Alta Resolución de Estepona
Gym
4.3 km
Basic-Fit
Marina
3.3 km
Puerto Deportivo
Train station
21.7 km
Jimena de la Frontera

This is a part of Estepona where the errands take minutes. A Mercadona sits 235 metres from the entrance, an Aldi a little further at 620 metres, the pharmacy 456 metres and the Hospital de Alta Resolución de Estepona under a kilometre away. The nearest sand is 325 metres off, with Costa Natura beyond it at half a kilometre, so a morning swim is a walk rather than a drive.

Golfers are spoilt without going far. The Albayt academy is 1.3 km away, Azata Golf 1.5 km and Estepona Golf around 2 km, with Finca Cortesín reachable inside a quarter of an hour. Behind the development, the Sierra Bermeja rises for walking on cooler mornings.

Estepona port and its restaurants are roughly seven minutes by car, the old town about twenty minutes on the L-77 bus and Puerto de la Duquesa sits thirteen minutes west. Closer to home, small places like SushiPanda and Bellaco are under 500 metres away for a supper you do not have to plan. Average highs of 22.3°C and lows of 15.7°C mean the terrace works for most of the calendar. Gibraltar airport is around 31 km away, useful for short-notice flights.

From your door
Marbella Old Town
33 min by car
30.1 km direct
Puerto Banús
25 min by car
23.2 km direct
Málaga Airport
1h 15m by car
68.9 km direct
Mijas Pueblo
59 min by car
54.0 km direct
La Cala de Mijas
54 min by car
49.9 km direct
Estepona
5 min by car
4.9 km direct
Gibraltar
36 min by car
32.6 km direct
Ronda
41 min by car
37.5 km direct
Shahd Sherif, Roccabox New Developments Desk
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 Mala Kai 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
€73k10%
Refundable holding deposit until contract signing; locks the unit out of the open market.
Contract signing
€145k20%
First instalment to the developer's bonded escrow account, around 4–8 weeks after reservation.
On completion
€507k70%
Balance paid when keys are handed over and the licence of first occupation issued.

Total cost of ownership

€725,000
From €725,000€942,500
VAT / IVA (10% new build)
€72,500
Stamp duty / AJD (1.2%)
€8,700
Notary + registry (~1%)
€7,250
Legal fees (~1%)
€7,250
All-in
€820,700
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
€2,541/mo
Total repayable
€762,199
50%70%
10 yrs30 yrs
2.5%5.5%
Deposit required
€217,500
Loan amount
€507,500
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
€130,500gross uplift
B · Rent long-term (gross/yr)
€20,300
C · Short-term rental (peak gross/yr)
€32,625
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 Mala Kai a good investment compared to the local resale market?
Mala Kai is positioned as a premium new-build product with developer warranty, modern specification and limited supply. Comparable to the broader resale stock in Estepona 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 Mala Kai?
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 Mala Kai 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 Mala Kai from Málaga airport?
Approximately 75 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, Mala Kai 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 4 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
Shahd Sherif
New-Developments Desk · Marbella
EN · ES · RU · FR · NL · SV
Request the full brief
Receive current availability, floor plans, payment schedule and our analyst notes on Estepona, as a live, personalised link.
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