Under construction · current release

Grand Bay

Bahía de las Rocas · Manilva · Ref: RDEV2541

Prices from

€390,000

Available

27 of 44

Bedrooms

2–3en-suite

Delivery

November 2027

Type

Apartments

Size from

82 m²

Total homes

44 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

Grand Bay, in context.

Grand Bay is a 44-unit apartment development in the Bahía de las Rocas enclave of Manilva, positioned on the western Costa del Sol between Sotogrande and the beaches of Chullera. It is aimed at international buyers who prize authenticity and value over the more saturated resorts to the east.

The scheme offers two- and three-bedroom apartments and penthouses of 82 to 104 m², each with a terrace and many with sea views over the Bay of Gibraltar. Buildings step down the hillside in a tiered arrangement designed to give virtually every home an open outlook. Amenities include communal pools, landscaped gardens, a gym, gated access and underground parking.

Construction has started, with key handover scheduled for the final quarter of 2027. With 17 of 44 units already reserved, the development is approaching its halfway mark ahead of completion.

Prepared by the Roccabox New-Developments Desk · Marbella

At a glance

Key facts

01
Two- and three-bedroom apartments and penthouses, 82–104 m², priced €390,000–€650,000
02
Tiered hillside layout designed to give nearly every home a sea view
03
Communal pools, gym, landscaped gardens, gated access and underground parking
04
Construction underway, key handover scheduled for Q4 2027
05
17 of 44 units already reserved

The current release

The 27 remaining apartments

Each one specified individually. Pricing released on enquiry.

+Show full unit listHide unit list 27 units · Unit, block, floor, specs, garage

Unit	Block	Floor	Beds	Baths	Interior	Outside	Garage
B3-BJ-2	—	—	2	2	82 m²	30 m² terrace	1 + storage
B3-BJ-3	—	—	2	2	82 m²	31 m² terrace	1 + storage
B3-BJ-4	—	—	2	2	83 m²	31 m² terrace	1 + storage
B3-01-6	—	—	2	2	82 m²	32 m² terrace	1 + storage
B3-BJ-12	—	—	2	2	82 m²	32 m² terrace	1 + storage
B3-BJ-9	—	—	2	2	83 m²	33 m² terrace	1 + storage
B3-01-7	—	—	2	2	82 m²	33 m² terrace	1 + storage
B3-01-8	—	—	2	2	83 m²	33 m² terrace	1 + storage
B3-01-19	—	—	2	2	83 m²	33 m² terrace	1 + storage
B3-BJ-13	—	—	2	2	82 m²	32 m² terrace	1 + storage
B3-BJ-11	—	—	2	2	82 m²	32 m² terrace	1 + storage
B3-01-21	—	—	2	2	82 m²	32 m² terrace	1 + storage
B3-01-22	—	—	2	2	82 m²	32 m² terrace	1 + storage
B3-01-23	—	—	2	2	82 m²	32 m² terrace	1 + storage
B3-BJ-1	—	—	3	2	103 m²	33 m² terrace	1 + storage
B3-02-16	—	—	2	2	82 m²	32 m² terrace	1 + storage
B3-01-5	—	—	3	2	104 m²	34 m² terrace	1 + storage
B3-02-18	—	—	2	2	83 m²	33 m² terrace	1 + storage
B3-BJ-14	—	—	3	2	104 m²	33 m² terrace	1 + storage
B3-02-25	—	—	2	2	83 m²	33 m² terrace	1 + storage
B3-02-26	—	—	2	2	82 m²	33 m² terrace	1 + storage
B3-01-24	—	—	3	2	103 m²	33 m² terrace	1 + storage
B3-02-27	—	—	2	2	82 m²	33 m² terrace	1 + storage
B3-02-29	—	—	2	2	82 m²	32 m² terrace	1 + storage
B3-02-28	—	—	2	2	82 m²	32 m² terrace	1 + storage
B3-02-15	—	—	3	2	103 m²	34 m² terrace	1 + storage
B3-02-30	—	—	3	2	104 m²	33 m² terrace	1 + storage

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

Roccabox AI

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Live availability

27 of 44 apartments remain

Live data refreshed nightly from our multiple independent sources.

2-bedroom Apartments 82–83 m²

From

€390,000

21 available

3-bedroom Apartments 103–104 m²

From

€520,000

6 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. Grand Bay 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

€390k

Under construction pricing

Projected key-ready benchmark

€500k

Indicative uplift modelled against comparable new-build completions

Roccabox analyst view

With construction started and completion set for the final quarter of 2027, Grand Bay offers a defined delivery horizon backed by an established housebuilder with more than 65 years on the Spanish coast. At entry pricing of €390,000 for an 82 m² apartment, the scheme sits well above Manilva's median resale figure of €2,435 per m² — a premium that reflects new-build specification, sea views and Sotogrande adjacency. With 17 of 44 units reserved, choice of the best-positioned homes is narrowing.

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

27 of 44 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.

Grand Bay is not priced against average Manilva 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 €4,756 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 €2,430/m².

Comparable confidence: 70% · Source: live market data, 25/07/2026

Manilva apartments median (€/m²)

€2,430

Grand Bay (€/m² built)

€4,756

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

82–104 m²

Internal area per unit

Specification

What every unit receives

Bedrooms

2–3 en-suite

Bathrooms

Built area

82–104 m²

Build stage

Under construction

Completion

November 2027

Warranty

10-yr structural

Energy

Class A (new build)

Bahía de las Rocas

Living in Manilva

Golf

5.7 km

Real Club de Golf de Sotogrande

Beach

1.1 km

Beach club

5.8 km

Trocadero Beach Club

Airport

20.8 km

Royal Air Force Gibraltar

Restaurant

632 m

Restaurante Don Cabanne

Bar

2.6 km

Laila Cafeteria

Supermarket

3.5 km

Eroski

Pharmacy

2.9 km

Farmacia Torreguadiaro

Hospital

3.9 km

Gym

3.6 km

Gimnasio Sotogrande

Marina

4.2 km

Puerto de Sotogrande

Train station

19.6 km

Jimena de la Frontera

The setting favours quiet coast over tourist crowd. The nearest beach lies roughly 1.1 km away, with Cala Sardina, Sabinillas and Alcaidesa within easy reach and offering views towards the Rock of Gibraltar and the North African coast. Sotogrande's marina is about eight minutes by car, with La Duquesa marina a similar distance in the other direction.

Golf is a defining feature of the area: the Real Club de Golf de Sotogrande, La Cañada and La Reserva all sit within a 15-minute drive. Restaurants such as Don Cabanne are close at hand, with supermarkets, a pharmacy and a hospital all within a short drive. Gibraltar airport is around 42 minutes away, while Málaga is roughly two and a half hours by road.

From your door

Marbella Old Town

43 min by car

39.4 km direct

Puerto Banús

36 min by car

32.5 km direct

Málaga Airport

1h 25m by car

78.2 km direct

Mijas Pueblo

1h 9m by car

63.1 km direct

La Cala de Mijas

1h 3m by car

57.8 km direct

Estepona

17 min by car

15.3 km direct

Gibraltar

24 min by car

22.0 km direct

Ronda

52 min by car

47.3 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 Grand Bay 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

€39k10%

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

Contract signing

€78k20%

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

On completion

€273k70%

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

Total cost of ownership

Purchase price · drag to model

€390,000

From €390,000€650,000

VAT / IVA (10% new build)

€39,000

Stamp duty / AJD (1.2%)

€4,680

Notary + registry (~1%)

€3,900

Legal fees (~1%)

€3,900

All-in

€437,580

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

€1,367/mo

Total repayable

€410,011

Loan-to-value · 70%

50%70%

Term · 25 years

10 yrs30 yrs

Interest rate · 3.50%

2.5%5.5%

Deposit required

€117,000

Loan amount

€273,000

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

€70,200gross uplift

B · Rent long-term (gross/yr)

€10,920

C · Short-term rental (peak gross/yr)

€17,550

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.

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 Grand Bay a good investment compared to the local resale market?

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

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 Grand Bay 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 Grand Bay from Málaga airport?

Approximately 85 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, Grand Bay 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 27 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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