Under construction · current release

Óleo

Fuengirola · Fuengirola

Prices from

€725,000

Available

22 of 43

Bedrooms

2–3en-suite

Delivery

2nd Quarter 2028

Type

Apartments

Size from

109 m²

Total homes

43 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

Óleo, in context.

Óleo is a collection of 43 two- and three-bedroom apartments in Carvajal, the quieter eastern quarter of Fuengirola, designed for buyers who want direct beach access alongside the connectivity of a well-served coastal town. Construction is under way, with completion targeted for the second quarter of 2028.

The scheme comprises 43 homes in total, of which 26 have already been sold — leaving 17 residences available across built areas ranging from 120 m² to 212 m², each with a private terrace. Communal amenities extend beyond a pool to include a fully equipped gymnasium, a spa and wellness area, and a dedicated co-working space: a specification more commonly associated with resort-branded schemes than a mid-scale coastal building.

Pricing runs from €725,000 to €1,790,000. With more than 60 per cent of the scheme absorbed before handover, the remaining inventory is limited and unlikely to be repriced downward ahead of completion.

Prepared by the Roccabox New-Developments Desk · Marbella

At a glance

Key facts

01
43-apartment scheme in Carvajal, Fuengirola — 26 of 43 units already sold
02
Built areas from 120 m² to 212 m², each with a private terrace
03
Communal gym, spa, and co-working space included in the scheme
04
Walking distance to Carvajal beach and the Cercanías commuter rail station
05
Construction started; completion targeted Q2 2028

The current release

The 22 remaining apartments

Each one specified individually. Pricing released on enquiry.

+Show full unit listHide unit list 22 units · Unit, block, floor, specs, garage

Unit	Block	Floor	Beds	Baths	Interior	Outside	Garage
4	—	1	2	2	132 m²	9 m² terrace · 191 m² plot	2 + storage
8	—	2	2	2	146 m²	182 m² plot	2 + storage
3	—	1	2	2	131 m²	19 m² terrace · 187 m² plot	2 + storage
11	—	3	2	2	110 m²	32 m² terrace · 143 m² plot	2 + storage
7	—	2	2	2	131 m²	168 m² plot	2 + storage
36	—	7	2	2	109 m²	44 m² terrace · 154 m² plot	2 + storage
13	—	5	2	2	133 m²	170 m² plot	2 + storage
14	—	5	2	2	134 m²	162 m² plot	2 + storage
16	—	5	2	2	145 m²	180 m² plot	2 + storage
35	—	7	2	2	121 m²	26 m² terrace · 147 m² plot	2 + storage
34	—	7	2	2	122 m²	26 m² terrace · 149 m² plot	2 + storage
33	—	7	2	2	121 m²	35 m² terrace · 157 m² plot	2 + storage
24	—	6	2	2	132 m²	161 m² plot	2 + storage
9	—	3	2	2	125 m²	64 m² terrace · 190 m² plot	2 + storage
38	—	7	2	2	140 m²	37 m² terrace · 165 m² plot	2 + storage
6	—	2	3	2	170 m²	227 m² plot	3 + storage
1	—	1	3	2	167 m²	30 m² terrace · 270 m² plot	3 + storage
10	—	3	3	2	137 m²	54 m² terrace · 191 m² plot	2 + storage
21	—	5	3	2	177 m²	262 m² plot	2 + storage
32	—	6	3	2	177 m²	262 m² plot	2 + storage
20	—	5	3	2	192 m²	266 m² plot	2 + storage
31	—	6	3	2	192 m²	266 m² plot	2 + storage

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

Roccabox AI

Ask anything about Óleo.

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.

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Live availability

22 of 43 apartments remain

Live data refreshed nightly from our multiple independent sources.

2-bedroom apartments 109–146 m²

From

€725,000

15 available

3-bedroom apartments 137–192 m²

From

€1,049,000

7 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. Óleo 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

€725k

Under construction pricing

Projected key-ready benchmark

€929k

Indicative uplift modelled against comparable new-build completions

Roccabox analyst view

With construction already started and 26 of 43 units committed, Óleo is not a speculative pre-launch proposition — it is a scheme in progress with a defined delivery window. Buyers entering now acquire one of 17 remaining apartments at a point where project risk has materially reduced, whilst the Costa del Sol's broader resale market in this corridor continues to record consistent year-on-year price appreciation. Completion in Q2 2028 provides a structured payment timeline against a fixed-date handover.

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

22 of 43 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.

Óleo is not priced against average Fuengirola 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 €6,651 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 €2,928/m².

Comparable confidence: 70% · Source: live market data, 20/05/2026

Fuengirola apartments median (€/m²)

€2,928

Óleo (€/m² built)

€6,651

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

109–192 m²

Internal area per unit

Specification

What every unit receives

Bedrooms

2–3 en-suite

Bathrooms

Built area

109–192 m²

Plot size

143–270 m²

Build stage

Under construction

Completion

2nd Quarter 2028

Warranty

10-yr structural

Energy

Class A (new build)

Fuengirola

Living in Fuengirola

Golf

5.5 km

Golf Benalmadena Pitch& Putt

Beach

692 m

Playa de Torreblanca

Beach club

2.0 km

HW Beach Club

Airport

15.5 km

Aeropuerto de Málaga - Costa del Sol

Restaurant

202 m

Chiringuito Oasis

Café

526 m

Bar Calypso

Bar

295 m

The Carribbean Bar

Supermarket

184 m

Alsara Express

Pharmacy

495 m

Farmacia Jiménez Ortigosa

Hospital

5.1 km

Hospital Vithas Xanit International

Gym

3.6 km

SynerGym

Padel / tennis

6.3 km

Club de Raqueta

Marina

3.1 km

Puerto Deportivo de Fuengirola

Train station

688 m

Carvajal

Carvajal sits at the eastern edge of Fuengirola, separated from the busier town centre by a quieter residential fabric and a stretch of beach that draws locals rather than day-trippers. The Cercanías rail station at Carvajal places Málaga city centre within roughly 25 minutes and the international airport at a similar interval — without requiring a car. The coastal path connects residents westward to Fuengirola's marina and eastward toward Benalmádena. Golf courses are reachable within a short drive. The neighbourhood itself supports daily life without resort dependency: supermarkets, schools, and restaurants are in immediate proximity.

From your door

Marbella Old Town

28 min by car

26.1 km direct

Puerto Banús

36 min by car

33.0 km direct

Málaga Airport

16 min by car

15.1 km direct

Mijas Pueblo

5 min by car

4.8 km direct

La Cala de Mijas

10 min by car

8.9 km direct

Estepona

56 min by car

51.2 km direct

Gibraltar

1h 30m by car

82.4 km direct

Ronda

59 min by car

54.1 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 Óleo 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

€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

Purchase price · drag to model

€725,000

From €725,000€1,790,000

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

€813,450

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

Loan-to-value · 70%

50%70%

Term · 25 years

10 yrs30 yrs

Interest rate · 3.50%

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 Óleo a good investment compared to the local resale market?

Óleo is positioned as a premium new-build product with developer warranty, modern specification and limited supply. Comparable to the broader resale stock in Fuengirola 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 Óleo?

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 Óleo 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 Óleo 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, Óleo 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 22 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