




Nubay
Project lifecycle
Nubay, in context.
Nubay stands on the frontline at La Chullera in Manilva, on the quieter western stretch of the Costa del Sol between Estepona and Sotogrande. The scheme brings together apartments, penthouses and a handful of detached villas, with the developer placing the buildings around 100 metres from the beach. It suits buyers who want the Mediterranean in front of them every day, without the density of the coast further east.
The site plan does much of the work. Around 13,500 m² of public green space runs between the buildings and the seafront promenade, keeping the view from the terraces open to the water. Behind that buffer lie 5,000 m² of private gardens planted with native species and a protected natural area sits alongside. Every home has a terrace facing the sea.
Ground-floor residences open onto private gardens and the penthouses add large terraces and solariums for long evenings outdoors. Shared life centres on a salt-chlorinated infinity pool with water beds and lounge areas. There is also a children's pool and play area, a gym looking out to sea, a coworking space and a spa with hammam and sauna.
Most of the scheme has already gone. Of 69 units, 60 are sold. The nine that remain are three-bedroom homes of 124 m² to 203 m², priced between €1,325,000 and €2,300,000. Construction has started and completion is expected in spring 2028.
Key facts
The 9 remaining apartments
Each one specified individually. Pricing released on enquiry.
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| Unit | Block | Floor | Beds | Baths | Interior | Outside | Garage | |
|---|---|---|---|---|---|---|---|---|
| 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 | |
| 63A | 6 | 3 | 3 | 2 | 124 m² | 46 m² terrace | 2 + storage | |
| 63B | 6 | 3 | 3 | 2 | 139 m² | 39 m² terrace | 2 + storage | |
| 73B | 7 | 3 | 3 | 2 | 153 m² | 132 m² terrace | 1 + storage | |
| 13A | 1 | 3 | 3 | 2 | 175 m² | 60 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 |
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9 of 69 apartments remain
Live data refreshed nightly from our multiple independent sources.
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.
Nubay is past the speculative stage. Construction is under way, completion is scheduled for spring 2028 and 60 of 69 homes are already sold, so the window is narrowing. Buying now secures a frontline home at the current price list ahead of handover. Pricing sits at a multiple of the Manilva median of €2,480 per m² and far above nearby three-bedroom resales at around €325,000. That comparison is not like for like. The resale comparables carry no floor areas and are not frontline new build. New homes on the beach with a protected green buffer are scarce on this stretch and that scarcity is the case for the premium. Unit counts differ slightly between listings, so we confirm live availability directly.
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
9 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.
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 €10,685 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 €2,480/m².
Comparable confidence: 70% · Source: live market data, 04/11/2026
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What every unit receives
Living in Manilva
Mornings here begin at the water. Playa de la Chullera is around 500 metres from the site and La Duquesa beach is a three-minute drive. Puerto Deportivo de la Duquesa, four minutes away, is the local focal point, a marina with bars and cafés close by where an aperitif can easily run into dinner. Nearer still, within a couple of minutes, are Meson del Castillo, Delfines and Antonio, along with Eroski, Dia and Burgos for the weekly shop.
Golfers have three courses between 11 and 13 minutes by car. Sotogrande, known for its marina and polo fields, is 13 minutes away and Trocadero Beach Club makes an easy 17-minute run for a long lunch by the sea. 5°C across the year. Practicalities are well covered.
A hospital lies 13 minutes away, with the Hospital de Alta Resolución de Estepona at 17 minutes. Gibraltar's airport is under an hour by road.

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.
Total cost of ownership
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.
Investment outlook
Three scenarios our analysts model on every Costa del Sol off-plan deal.
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.
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?
What is the off-plan payment schedule in Spain?
Can a non-resident get a mortgage to buy at Nubay?
Does buying at Nubay qualify for Spanish residency?
How far is Nubay from Málaga airport?
What is included in the purchase price?
Can I personalise the property?
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 9 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.