Under construction · current release

Nubay

La Duquesa · Manilva

Prices from

€990,000

Available

8 of 69

Bedrooms

2–3en-suite

Delivery

Spring 2028

Type

Apartments

Size from

100 m²

Total homes

69 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

Nubay, in context.

Nubay is a beachfront residential development of 69 homes — apartments, penthouses and five standalone villas — set directly on the shoreline at La Duquesa, Manilva, on the southwestern stretch of the Costa del Sol. With 61 of 69 units already sold, only eight residences remain, across three-bedroom configurations ranging from 139 to 203 m² of built area, priced between €1,325,000 and €2,300,000.

The project is delivered by Hercesa, a developer with more than five decades of operations and over 30,000 homes completed across Europe and Latin America — a provenance that provides measurable credibility against newer entrants to the Costa del Sol market. Construction incorporates aerothermal systems, solar integration and high-performance insulation, reflecting a stated sustainability commitment rather than a marketing gesture. Communal amenities span a saline infinity pool, spa with hammam and sauna, sea-view gym, children's facilities and a coworking space. Completion is scheduled for Summer 2027 to Spring 2028.

Prepared by the Roccabox New-Developments Desk · Marbella

At a glance

Key facts

01
Eight residences remaining from a 69-unit development — 61 already sold
02
Three-bedroom apartments and penthouses, 139–203 m² built, directly on Manilva's shoreline
03
Priced from €1,325,000 to €2,300,000 — against a Manilva resale median of c. €2,426/m²
04
Delivered by Hercesa: 50+ years in operation, 30,000+ homes across Europe and Latin America
05
Completion scheduled Summer 2027 – Spring 2028 with aerothermal and solar energy systems

The current release

The 8 remaining apartments

Each one specified individually. Pricing released on enquiry.

+Show full unit listHide unit list 8 units · Unit, block, floor, specs, garage

Unit	Block	Floor	Beds	Baths	Interior	Outside	Garage
10B	1	0	2	2	100 m²	53 m² terrace · 37 m² garden	1 + storage
12A	1	2	3	2	155 m²	67 m² terrace	1 + storage
51A	5	1	3	2	151 m²	71 m² terrace	1 + storage
50A	5	0	3	2	151 m²	70 m² terrace · 48 m² garden	2 + storage
63B	6	3	3	2	139 m²	39 m² terrace	2 + storage
53B	5	3	3	2	165 m²	74 m² terrace	2 + storage
13B	1	3	3	2	203 m²	52 m² terrace	2 + storage
43B	4	3	3	2	203 m²	53 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

8 of 69 apartments remain

Live data refreshed nightly from our multiple independent sources.

2-bedroom apartment 100 m²

From

€990,000

1 available

3-bedroom apartments 139–203 m²

From

€1,325,000

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. Nubay 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

€990k

Under construction pricing

Projected key-ready benchmark

€1.27M

Indicative uplift modelled against comparable new-build completions

Roccabox analyst view

With only eight units remaining at Nubay, the conventional off-plan rationale — securing a preferred position early — has largely played out. What remains is a closing opportunity in a development where 88 per cent of buyers have already committed. Beachfront plots in Manilva are, by the developer's own account, among the last available on the Costa del Sol; new supply of this specification is structurally constrained. At entry prices from €1,325,000 in a market where the resale median sits at approximately €2,426/m², the premium reflects both location and build quality rather than speculative positioning. Completion by Spring 2028 limits the holding period.

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

8 of 69 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.

Nubay 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 €9,900 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 €2,426/m².

Comparable confidence: 70% · Source: live market data, 15/05/2026

Manilva apartments median (€/m²)

€2,426

Nubay (€/m² built)

€9,900

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

◆

Live market data

Cross-referenced against the most credible Costa del Sol sources

◆

Buyer protections

Staged payments · bank guarantee · 10-yr warranty

100–203 m²

Internal area per unit

Specification

What every unit receives

Bedrooms

2–3 en-suite

Bathrooms

Built area

100–203 m²

Build stage

Under construction

Completion

Spring 2028

Warranty

10-yr structural

Energy

Class A (new build)

La Duquesa

Living in Manilva

Golf

5.7 km

Beach

527 m

Playa de la Chullera

Beach club

8.4 km

Trocadero Beach Club

Airport

23.3 km

Royal Air Force Gibraltar

Restaurant

1.1 km

Meson del Castillo

Café

1.9 km

Dolphin

Bar

1.2 km

Bar Tapas El Velero

Supermarket

1.0 km

Eroski

Pharmacy

2.0 km

Farmacia la Duquesa

Hospital

6.4 km

Marina

1.8 km

Puerto Deportivo de la Duquesa

Train station

19.9 km

Jimena de la Frontera

Manilva occupies a quietly strategic position on the Costa del Sol's western edge — close enough to Estepona and Marbella to access their full range of restaurants, golf courses and marinas, yet retaining a pace that the more saturated resort towns have long since surrendered. The surrounding municipality is known for its Muscatel vineyards and largely unspoiled coastline, with Puerto de la Duquesa — a working marina with restaurants and leisure facilities — within easy reach. Sotogrande lies to the west, bringing polo, equestrian facilities and some of the coast's most established golf. Gibraltar's international airport and Málaga's are both accessible, giving residents two viable flight hubs. The area's infrastructure investment in recent years has accelerated its transition from overlooked enclave to sought-after address.

From your door

Marbella Old Town

40 min by car

37.0 km direct

Puerto Banús

33 min by car

30.1 km direct

Málaga Airport

1h 23m by car

75.8 km direct

Mijas Pueblo

1h 6m by car

60.7 km direct

La Cala de Mijas

1h 1m by car

55.6 km direct

Estepona

14 min by car

12.7 km direct

Gibraltar

27 min by car

24.5 km direct

Ronda

49 min by car

45.0 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 Nubay 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

€99k10%

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

Contract signing

€198k20%

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

On completion

€693k70%

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

Total cost of ownership

Purchase price · drag to model

€990,000

From €990,000€2,300,000

VAT / IVA (10% new build)

€99,000

Stamp duty / AJD (1.2%)

€11,880

Notary + registry (~1%)

€9,900

Legal fees (~1%)

€9,900

All-in

€1,110,780

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

€3,469/mo

Total repayable

€1,040,796

Loan-to-value · 70%

50%70%

Term · 25 years

10 yrs30 yrs

Interest rate · 3.50%

2.5%5.5%

Deposit required

€297,000

Loan amount

€693,000

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

€178,200gross uplift

B · Rent long-term (gross/yr)

€27,720

C · Short-term rental (peak gross/yr)

€44,550

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.

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 Nubay a good investment compared to the local resale market?

Nubay 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 Nubay?

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 Nubay 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 Nubay from Málaga airport?

Approximately 83 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, Nubay 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 8 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