Under construction · current release

Milabeka

Málaga · Málaga · Ref: RDEV2549

Prices from

€610,000

Available

5 of 10

Bedrooms

2–3en-suite

Delivery

3rd Quarter 2028

Type

Apartments

Size from

87 m²

Total homes

10 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

Milabeka, in context.

Milabeka is a boutique building of just ten apartments on Calle Milagrosa, in the western reaches of Málaga city. Parque del Oeste lies at the door and Playa de la Misericordia is around 200 metres away. The building suits buyers who want a proper city address without giving up the sea.

It could be a primary home for those relocating, a pied-à-terre for frequent visitors or a carefully held investment.

The defining space is the shared rooftop, named Sky & Sea, with a pool and chill-out area serving only ten households. It earns its keep in March as much as August. Picture an early swim before the city wakes or a cold drink as the light drops over the water. Below, the two- and three-bedroom apartments, duplex layouts among them, are planned open plan.

Kitchens can be configured to taste, with porcelain floors throughout, lacquered doors and fitted wardrobes. The engineering is quietly serious. There is reinforced concrete construction, above-standard thermal and acoustic insulation and thermal-break aluminium windows with double glazing and electric blinds.

Current pricing runs from €610,000 to €1,330,000, with five homes remaining. Published sizes differ between sources, ranging from 87 m² to 131 m² built and one listing quotes terraces of 48 m². We recommend checking each plan against the developer's current schedule. Completion is guided for the third quarter of 2028.

Prepared by the Roccabox New-Developments Desk · Marbella

At a glance

Key facts

01
Just ten apartments on Calle Milagrosa, five still available
02
Sky and Sea rooftop pool and chill-out area shared by ten households only
03
Around 200 metres to Playa de la Misericordia, about 10 minutes to the airport
04
Two- and three-bedroom homes from €610,000, completion guided Q3 2028
05
Aerothermal climate control, thermal-break double glazing and semi-automatic parking

The current release

The 5 remaining apartments

Each one specified individually. Pricing released on enquiry.

+Show full unit listHide unit list 5 units · Unit, block, floor, specs, garage

Unit	Block	Floor	Beds	Baths	Interior	Outside	Garage
3.C	—	3	2	2	87 m²	—	1 + storage
2.B	—	2	2	2	109 m²	13 m² terrace	1 + storage
3.B	—	3	2	2	109 m²	10 m² terrace	1 + storage
2.A	—	2	3	2	123 m²	13 m² terrace	2 + storage
5.B	—	5	2	2	116 m²	10 m² terrace	1 + storage

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

Roccabox AI

Ask anything about Milabeka.

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

5 of 10 apartments remain

Live data refreshed nightly from our multiple independent sources.

2-bedroom Apartments 87–116 m²

From

€610,000

4 available

3-bedroom Apartment 123 m²

From

€980,000

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. Milabeka 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

€610k

Under construction pricing

Projected key-ready benchmark

€782k

Indicative uplift modelled against comparable new-build completions

Roccabox analyst view

Buying now secures one of only five remaining homes in a building of ten, with completion guided for the third quarter of 2028. Stage reporting is mixed. The project is listed as started, yet construction is shown beginning in the third quarter of 2026, so the timeline deserves confirmation in contract. This is not a discount on resale. Even the entry price works out well above the area's resale median of €3,405 per m². The case rests on scarcity and specification. New-build stock this close to the beach in Málaga city is thin. Area values have edged up from €3,363 to €3,414 per m² over twelve months and one earlier listing quoted entry prices from €560,000.

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

5 of 10 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.

Milabeka is not priced against average Málaga 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 €7,011 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 €3,405/m².

Comparable confidence: 70% · Source: live market data, 04/11/2026

Málaga apartments median (€/m²)

€3,405

Milabeka (€/m² built)

€7,011

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

87–123 m²

Internal area per unit

Specification

What every unit receives

Bedrooms

2–3 en-suite

Bathrooms

Built area

87–123 m²

Build stage

Under construction

Completion

3rd Quarter 2028

Warranty

10-yr structural

Energy

Class A (new build)

Málaga

Living in Málaga

Golf

5.0 km

Club de Golf Málaga Parador

Beach

282 m

Playa de la Misericordia

Airport

5.0 km

Aeropuerto de Málaga - Costa del Sol

Restaurant

109 m

Casa Ovi

Café

262 m

La Canasta

Bar

86 m

De Cai

Supermarket

268 m

Mas

Pharmacy

49 m

Farmacia Carmen Palomar

Hospital

1.5 km

Hospital de Día Quirónsalud

Gym

408 m

JM Trainer

Padel / tennis

2.3 km

Escuela de Tenis Cortijo Alto

Marina

3.2 km

Marina Real Club Mediterráneo

Train station

802 m

La Luz - La Paz

Mornings here start on foot. Playa de la Misericordia is a few minutes' walk away, a long sweep of sand with a promenade running for several kilometres. It is ideal for an early run or an unhurried stroll before breakfast. 5 km along the shore. Errands need little planning.

A pharmacy sits 49 metres from the door, a Mas supermarket is under 300 metres away and Mercadona is just short of a kilometre.

The wider city is close at hand. La Luz - La Paz metro station is 800 metres away. The marinas at Real Club Mediterráneo and IGY Málaga are six or seven minutes by car and Club de Golf Málaga Parador is about ten. The airport is roughly ten minutes away on a clear road, which suits frequent visitors.

Private hospitals are three to five minutes by car and the British School of Málaga is quoted at around 20 minutes.

From your door

Marbella Old Town

48 min by car

44.2 km direct

Puerto Banús

56 min by car

51.1 km direct

Málaga Airport

6 min by car

5.4 km direct

Mijas Pueblo

22 min by car

20.4 km direct

La Cala de Mijas

31 min by car

28.5 km direct

Estepona

1h 16m by car

69.3 km direct

Gibraltar

1h 51m by car

102.0 km direct

Ronda

1h 10m by car

64.6 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 Milabeka 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

€61k10%

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

Contract signing

€122k20%

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

On completion

€427k70%

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

Total cost of ownership

Purchase price · drag to model

€610,000

From €610,000€1,330,000

VAT / IVA (10% new build)

€61,000

Stamp duty / AJD (1.2%)

€7,320

Notary + registry (~1%)

€6,100

Legal fees (~1%)

€6,100

All-in

€690,520

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

€2,138/mo

Total repayable

€641,299

Loan-to-value · 70%

50%70%

Term · 25 years

10 yrs30 yrs

Interest rate · 3.50%

2.5%5.5%

Deposit required

€183,000

Loan amount

€427,000

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

€109,800gross uplift

B · Rent long-term (gross/yr)

€17,080

C · Short-term rental (peak gross/yr)

€27,450

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 Milabeka a good investment compared to the local resale market?

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

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 Milabeka 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 Milabeka from Málaga airport?

Approximately 10 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, Milabeka 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 5 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

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