Monthly payment
€2,138/mo
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
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 Málaga's western beach district. Parque del Oeste sits at the door and the sand of Playa de la Misericordia is a few minutes' walk away.
It suits buyers who want a city address that still feels like the coast, whether as a lock-up-and-leave second home, a year-round base or a carefully chosen investment.
The building's best idea sits on its roof. The Sky & Sea terrace pairs a swimming pool with a chill-out area and open views over the Mediterranean. Picture a morning swim before the city stirs, then long evenings up there as the light softens over the bay.
Below, the specification is quietly serious: Porcelanosa porcelain floors, designer kitchens and bathrooms, large double-glazed windows with electric blinds, aerothermal climate control, enhanced acoustic insulation and LED lighting.
Five of the ten homes have already sold, so the window is short. Prices run from €610,000 to €1,330,000. That sits well above the area resale median of €3,401 per m². The comparison, though, is largely with older stock. Milabeka offers new, energy-efficient homes 200 metres from the beach, close to the planned Marina San Andrés.
Prepared by the Roccabox New-Developments Desk · Marbella
At a glance
Key facts
01
Just ten apartments, five already sold
02
Two and three bedrooms, 87 to 123 m² built, from €610,000
03
Rooftop Sky & Sea pool and terrace with Mediterranean views
04
Playa de la Misericordia around 280 metres away, airport 10 minutes
05
Porcelanosa finishes, aerothermal climate control and semi-automated parking
The current release
The 5 remaining apartments
Each one specified individually. Pricing released on enquiry.
+Show full unit listHide unit list
| 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
Half the building has gone. With five of the ten homes sold, the remaining choice across two and three-bedroom plans is narrowing well before construction peaks. The project is listed as started, yet works are scheduled from the third quarter of 2026 with completion in the third quarter of 2028. That mismatch is worth clarifying, so we recommend confirming the building licence and bank guarantees on deposits before reserving. Roccabox handles both checks. The premium over local resale, where the median is €3,401 per m², is plain to see. What it buys is new construction, aerothermal efficiency, a rooftop pool and a beach 200 metres away, in a ten-home building that cannot be scaled up.
Reserving early
Why buyers reserve at this stage
01
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.
02
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.
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.
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 €3,401/m².
Comparable confidence: 70% · Source: live market data, 08/10/2026
Málaga apartments median (€/m²)
€3,401
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
2
Built area
87–123 m²
Build stage
Under construction
Completion
3rd Quarter 2028
Warranty
10-yr structural
Energy
Class A (new build)
Document
Málaga
Living in Málaga
Life here is lived on foot. Parque del Oeste lies beside the building and Playa de la Misericordia is around 280 metres away, close enough for an early swim before the beach fills. A pharmacy is under 50 metres from the door and the nearest supermarket under 300. Cafés and restaurants line the surrounding streets within a two or three-minute stroll. The La Luz - La Paz station is roughly 800 metres away for trips across the city.
When the day calls for more, the marinas at Real Club Mediterráneo and IGY Málaga are six and seven minutes by car. Club de Golf Málaga Parador is ten minutes away. Guadalhorce and the Miguel Ángel Jiménez course are both within about a quarter of an hour. Private healthcare is close, with Quirónsalud's day hospital three minutes away and HLA El Ángel five.
The airport is ten minutes, which makes a Friday-evening arrival entirely realistic. The weather does the rest.
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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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
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.
Total repayable
€641,299
50%70%
10 yrs30 yrs
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
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