Marbella´s Upcoming Residential Areas
Marbella, a jewel on Spain’s Costa del Sol, has long been synonymous with luxury real estate. While its traditional hubs such as Puerto Banús and the Marbella Golden Mile remain iconic and one of the best areas to live, emerging areas are redefining the Costa del Sol’s real estate landscape, offering fresh opportunities for investors and homebuyers.
Marbella and Benahavís posh areas continue to record the highest average property prices in the province and Andalucía, with prime locations such as the Golden Mile or La Zagaleta commanding even higher values. In Marbella, the most expensive area remains the Golden Mile, with an average price of €6,329/m² (+10.4%). Prices skyrocket in highly coveted locations like Uno Marbella or Marina de Puente Romano, where they exceed €30,000/m², or Sierra Blanca, where they reach up to €16,000/m².
Emerging Areas in Marbella.
Opportunities are emerging for property investors in neighbourhoods outside Marbella’s long-established high-end zones: Cortijo Blanco, la Campana, along with Río Real, Marbella east, and the New Golden Mile, represent the dynamic residential areas of Marbella. These locations offer appealing settings, enhanced amenities, and unique lifestyles that further enhance the attractiveness of these emerging neighborhoods, drawing in discerning buyers who seek the Marbella lifestyle and promising investment prospects.
Marbella East – the New Golden Mile of tomorrow?
Stretching along the coastline to the east of Marbella city, the area encompasses the Rio Real and Los Monteros neighbourhoods on the town’s outskirts and the lush suburban regions of El Rosario, Elviria, Las Chapas, and Calahonda has traditionally been popular with those looking for quieter residential areas among pine and cork trees, with easy access to some of Marbella’s best beaches and golf courses in a more relaxed setting. Along the way, one can also find the charming Cabopino marina.
Marbella east was developed in the mid sixties and has something to suit most tastes and budgets. You can find luxurious beachfront villas in Los Monteros, modern apartments, and country houses and fincas in La Mairena. Recent years have brought noticeable changes, as new amenities and residential projects have made Marbella east increasingly attractive.
This area’s peaceful atmosphere and easy access to Marbella town and the airport, combined with a steady growth in luxury developments over recent years, plus the investment of hundreds of millions of euros in new branded luxury developments makes it a top choice for property investors. Developments such as, La Morera Beach, an exclusive project with direct beach access located just east of Río Real, is among several initiatives currently appealing to affluent buyers who desire a combination of seclusion and closeness to Marbella’s center. The Four Seasons hotel is expected to enhance amenities and elevate real estate values.
Further east, Costalita is experiencing the rise of beachside projects, such as Dunique, a contemporary complex that provide luxurious coastal living. These properties boast exceptional beachfront access and breathtaking Mediterranean views, offering a serene beachside lifestyle situated less than a 10-minute drive from Marbella Old Town, private healthcare facilities, a beachside promenade.
Marbella East is not new to the Marbella scene, but it is experiencing a transformation in its identity, evolving from a predominantly residential area to a more dynamic and harmonious community that provides both serenity and urban amenities, thereby increasing the desirability of high-end properties.
San Pedro de Alcántara – an emerging area.
San Pedro has really come into its own over the last few years. The beachside area is such a lovely area – it’s the perfect spot for those who want to be close to Marbella but enjoy a more laid back lifestyle. There’s plenty of room for growth and return on investment.
Real estate in San Pedro offers a blend of older, fully refurbished properties, brand-new developments and plenty of virgin plots still for the taking. Investment is pouring into the area and Taylor Wimpey or Grupo Abu are also developing here catering to a range of budgets.
As sales continue to grow in established areas and developments, the luxury real estate market is expanding notably westward along the Costa del Sol, approaching the boundaries with Sotogrande, another renowned luxury destination. In 2024, investments in luxury real estate on the Costa del Sol exceeded €3.2 billion, with several major projects taking shape in the Golden Triangle and other emerging areas. Sustainability and technology are playing a pivotal role in these new developments.
This expansion is generating significant economic dynamism in the affected municipalities, driven by three key factors: the availability of buildable land in areas of interest, efficient bureaucracy, and low urban density.
Would you like to buy a property in one of these emerging areas of Marbella?
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For more information about investing in any of these areas, contact us.