Investing in an off-plan property in Marbella, Benahavís, or Estepona offers early-bird pricing, flexible payment terms, and strong capital growth potential. Discover some of the best new off-plan apartment developments under €1 million, offering high-end amenities, excellent locations, and strong rental appeal.
Investing in new off-plan apartments in Marbella, Benahavís, or Estepona provides a rare opportunity to secure a modern apartment at some of the best prices on the market, with a range of quality new apartments under 1 million euros in premium areas, these developments offer strong potential for capital growth and rental income.
Marbella’s property market continues to experience strong demand, with average prices per square metre increasing by 12% in the year to February 2025. Investing in an off-plan developments offers several advantages: early-bird pricing, flexible staged payments, and the potential for significant capital appreciation before completion. Many buyers also benefit from high rental demand, making these properties excellent for both resale and long-term investment.
Most new apartment developments in Marbella, Benahavís, and Estepona are known for high-quality construction, modern architecture, large open plan living spaces, generous terraces, and the latest technology in home automisation including smart home system, aerothermic design and underfloor heating throughout. They also offer resort-style communities amenities to enjoy the mild Mediterranean climate, usually including landscaped gardens, outdoor swimming pools, often with co-working spaces, lift access, gyms, and spa facilities.
The Marbella area, with it´s fantastic year round weather, and compelling blend of luxury lifestyle and natural beauty, is a growing focus for international tourism, with a thriving rental market for both long and short-term properties. This blog discusses some of the best-value off-plan apartment developments currently available under €1 million – offering excellent rental return and resale value to capitalise on the growing demand for property and holidays in beautiful Marbella.
Known for it´s untouched beaches with mountains as a backdrop and the beautiful green pine mountains, Marbella East offers walkable centres spotted along the coastline offering easy access to established restaurant areas, pedestrian squares, supermarkets and sporting facilities, within a short walk of some of Marbella´s most beautiful beaches. With easy access to Marbella town, Puerto Banús, and Málaga Airport, properties in Marbella East are a strategic choice for those seeking a holiday home or a rental investment, with areas such as Elviria experiencing an annual growth of average price per square metre of 27.2% in the year to February 2025.
Aruna is a boutique development located in Cabopino in Marbella’s most eastern point, offering scenic coastal areas, including its protected sand dunes, a nudest beach, a picturesque marina, and beautiful beaches. This exclusive project offers two- and three-bedroom apartments with modern open-plan interiors and spacious terraces designed to capture the natural light and sea breezes. Cabopino’s golf course and beachside restaurants are within walking distance, and many units feature panoramic sea views, making them highly desirable for both investors and end users.
Aruna´s residents will have access to a stunning communal areas such as, a wellness centre with sauna and jacuzzi, and a fitness suite, providing a resort-style living experience. The development also includes landscaped gardens, underground parking, and private storage for each apartment. Available unit prices start from €990,000, with completion expected in 2027.
Quintessence is a stunning new development located in Los Altos de los Monteros, a privileged hillside area of Marbella, offering breathtaking views over the coastline, surrounding mountains and Mediterranean Sea. These two- to four-bedroom apartments are designed for modern living, featuring open-plan layouts, spacious terraces, home automisation, aerothermics, underfloor heating and high-end finishes. Many units boast panoramic sea views, creating an impressive setting for relaxation or entertaining.
This gated community includes a concierge service, social club, wellness centre with a spa, gym, and heated indoor pool, as well as a co-working space for remote professionals. Prices start from €605.000, with completion planned for 2025.
Located just west of Marbella town centre, the popular area of Nueva Andalucía offers cosmpolitan lifestyle with some of Marbella´s most well-known golf courses and restaurants. Located just above Puerto Banus, properties in Nueva Andalucía are in of Marbella´s most sought after areas, offering excellent return on rental investment and steadily increasing prices per square metre of around 8,5% in the yearleading up to February 2025.
Marbella Lake is a unique new development set beside a lake in the upper part of Nueva Andalucía’s prestigious Golf Valley, offering picturesque lake and mountain views in one of Marbella´s most coveted areas. The development consists of two- and three-bedroom apartments, featuring modern interiors and generous terraces designed for outdoor living. Located near Las Brisas Golf and Aloha Golf, it is a prime choice for golf enthusiasts and those seeking a tranquil yet central location.
The development includes a large swimming pool, landscaped gardens, and a residents’ gym, creating a peaceful and exclusive setting. With Puerto Banús, Marbella town, and a wide selection of restaurants just minutes away, Marbella Lake offers an excellent lifestyle and investment opportunity. Prices start from €950.000 and it is Key Ready now.
Isla Bela is located in Nueva Andalucía, one of Marbella’s most sought-after residential areas walking distance to many cosmpolitan restaurants, shops and other amenities. Just minutes from Puerto Banús and some of the region’s top golf courses, this development is perfect for those looking for an investment with strong rental appeal. Apartments range from two to four bedrooms, with open-plan interiors with underfloor heating throughout, generous terraces, and high-end finishes. Some units offer sea and mountain views, adding to their desirability.
Residents of Isla Bela will have access to a luxury spa, sauna, gym, heated indoor pool, a co-working area, concierge services, and childrens zone making it a well-rounded option for both lifestyle buyers and investors in this chic area. The development’s location ensures easy access to beaches, fine dining, and shopping centres, with Marbella’s vibrant centre just a short drive away. Prices of available units start from €765,000 with completion expected in 2027.
Estepona is becoming one of the Costa del Sol’s more desirable investment locations, offering a mix of modern infrastructure, traditional Andalusian charm, and quality of life. With many new luxury developments, an expanding marina, and improved transport links, the town continues to attract both holidaymakers and long-term residents. Properties in Estepona have seen consistent growth, with prices rising steadily, with average price per square metre rising around 13.9% in the year to February 2025, making it an excellent choice for investors seeking strong rental demand and capital appreciation.
Naya Residences is a new development set in a prime location near El Saladillo Beach and the exclusive Los Flamingos Golf Resort. This boutique development offers a collection of two- and three-bedroom apartments, all designed to maximise natural light with floor-to-ceiling windows and open-plan layouts. Many units offer sea views, making them highly desirable for both investors and end users. The interiors feature premium finishes, contemporary kitchens, and spacious terraces, blending indoor and outdoor living seamlessly.
The development includes a large outdoor pool, a gym, spa, a concierge service, indoor and outdoor pools, coworking space, providing added convenience for residents and holidaymakers alike. Its proximity to Marbella, Puerto Banús, and Estepona town centre ensures access to some of the best dining, shopping, and leisure facilities on the Costa del Sol. Available unit prices start at €595,000, with delivery expected at the end of 2026.
Taray Residences is a new development located in a stunning natural environment overlooking the mountains and lake, just minutes from Estepona town centre, offering contemporary apartments in a well-connected and growing area. Designed with modern architecture and high-quality finishes, the development features two- and three-bedroom apartments with large terraces and floor-to-ceiling windows. Many of the homes offer views over the lake, mountains, communal gardens and pool, while higher floors benefit from partial sea views. The area is known for its excellent schools, vibrant old town, and lively promenade, making it a great option for families and investors alike.
The community includes a large outdoor pool, a clubhouse, and a private gym, providing an excellent balance between leisure and convenience. With easy access to supermarkets, restaurants, and Estepona’s pristine beaches, Marbella and Gibraltar, Taray Residences is a fantastic option for those looking for a primary home, a holiday retreat, or a rental investment. Available unit prices start at €654.000, with completion scheduled for 2027.
Essence Residences is an off-plan development set in Cancelada, an up-and-coming area of Estepona, offering a mix of modern convenience and authentic Andalusian charm. The development consists of two- to four-bedroom apartments, all designed to maximise natural light and open-plan living. Many homes offer expansive terraces with sea or mountain views, making them a fantastic choice for both permanent residents and holidaymakers. Located just minutes from Los Flamingos Golf and the beaches of Estepona East, it is well-positioned for a luxurious yet tranquil lifestyle.
Residents can enjoy a private spa with sauna and jacuzzi, an infinity pool, and a fully equipped gym, co-working space and childrens pool, creating a resort-like environment. The development also includes a concierge service, underground parking, and beautifully landscaped gardens. With its proximity to golf courses, beach clubs, and shopping areas, Essence Residences is an attractive option for investors looking for strong rental potential. Available unit prices start from €754.000, with completion expected in 2027.
Balcon del Mediterraneo is currently under construction in Selwo Hills, a peaceful residential area near Estepona’s nature reserve, offering a serene green surroundings. The development features two- and three-bedroom apartments, all designed with spacious terraces and floor-to-ceiling windows to maximise natural light, while some enjoy stunning sea and mountain views. The surrounding area is home to Selwo Aventura, golf courses, and unspoiled beaches, making it ideal for nature lovers and families.
Residents will have access to a resort-style outdoor pool, a gym, and a spa with a sauna and jacuzzi, ensuring relaxation and well-being. The development also includes private underground parking and landscaped communal areas, designed to enhance the natural surroundings. With easy access to Estepona town, Marbella, and major transport links, Balcon del Mediterraneo is a great investment opportunity with available prices starting at €967.000, and completion due in 2026.
Known for its exclusive gated communities, golf courses, and natural surroundings, Benahavís is one of the most sought-after areas for luxury property investment on the Costa del Sol. With stunning mountain and sea views, high-end developments, and a reputation for privacy and security, it attracts both international buyers and long-term investors. The area has seen an 8.1% increase in average prices per square metre in the year to February 2025, reflecting its growing appeal. With prestigious golf resorts, Michelin-starred dining, and proximity to Marbella and Puerto Banús, properties in Benahavís offer excellent potential for both rental income and long-term capital appreciation.
Marbella Club Hills Phase II is part of a prestigious golf community near Monte Mayor and Marbella Club Golf, offering spectacular views of the sea, mountains, and golf course, and exclusive membership privileges. The development is positioned on 158,000m2 of land, of which only 6% will be constructed with two- to four-bedroom apartments, all designed with spacious layouts and high-end materials. The area is known for its privacy, security, and proximity to some of the best golf courses on the Costa del Sol, only 15 minute drive from Puerto Banus.
Amenities include multiple pools, a gym, a spa, and tennis courts, creating a resort-like environment featuring, two clubhouses, one with oudoor swimming pool, spa and gym, the other also with coworking area and tennis and paddle courtts. With its exclusive setting and proximity to Marbella and Benahavís village, the the Equestrian centre, this development offers excellent potential for both rental and long-term investment. Available unit prices start from €680,000, with completion in 2026.
Phase III of Marbella Club Hills is the highly anticipated penultimate phase of this residential development.
Scheduled to start in Q4 2025, Phase III will unveil a collection of 10 exclusive villas, each boasting a private swimming pool and thoughtfully designed with 5 bedrooms spread across 2 levels. The development offers 10 exquisite villas , including four standalone villas and six semi-detached villas all in this fantastic Monte Mayor location.
The View is a luxury development in the hills of Benahavís, famous for its incredible panoramic views of the coastline. Phase 2 and 3 are currently under construction, offering two- to four-bedroom apartments that feature high-end finishes, expansive terraces, and floor-to-ceiling windows designed to capture the spectacular landscape.
Residents enjoy access to a wellness centre, social club, infinity pool, spa with heated pool, sauna and turkish bath, and concierge service, creating a five-star living experience. The development is a 15 minutes from Cortijo Blanco beach and San Pedro, a short drive from Marbella, Puerto Banús, and several top golf courses, making it a fantastic choice for investors and lifestyle buyers. The development has different phases prices starting. The View Phase I is Key Ready with available properties from 2,290,000€, The View Phase 2 and The View Phase 3 with prices from €899,000, with completion expected in 2027.
Off-plan properties in Marbella, Benahavís, and Estepona continue to offer strong investment potential, particularly with the region’s continued property market growth. Whether you’re looking for a holiday home, a rental investment, or a future permanent residence, there are many impressive off-plan apartment options available under €1 million. For more details or to arrange a viewing, contact MPDunne for expert advice and the latest opportunities.
Irene De la Rosa Sales Manager
Irene de la Rosa is Sales & New Development Manager at MPDunne & Hamptons International, driving sales and strategic initiatives with her versatility and deep market insights. With years of experience in Marbella’s real estate sector, she has a proven track record of exceeding sales targets, notably contributing to the sale of 31 units at La Morera. Irene embodies the values of honesty, integrity, and unparalleled service, setting high standards in luxury real estate.
La Campana and Cortijo Blanco to Río Real, the Golden Mile, and the New Golden Mile, Marbella’s evolving residential areas combine desirable locations, upgraded amenities, and distinct lifestyles. Accompanied by surrounding villa communities in Benahavís, Istan and Ojen, these up-and-coming communities attract discerning buyers looking for the Marbella lifestyle and valuable investment opportunities.
With an increasing number of high-net-worth individuals choosing to invest in Marbella, and the Costa del Sol area, the market is responding by delivering a stylish range of new developments located in central areas that cater to modern tastes and preferences.
When buying a property, whether it’s your first or fifth, asking the right questions can save you from surprises down the line. Knowing how long a property has been on the market or what additional costs are involved are just a few factors that can influence your decision.
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