New Project! Invest in 16 Semi-Detached Homes on the Costa del Sol
Urbanitae returns to Benalmádena, one of the most in-demand locations on the Costa del Sol, with a new investment opportunity. This is Ocean View Homes, a capital gains project involving the development of 16 semi-detached homes, distributed in two phases, all with sea views. Interested in participating? The project will open for funding on our platform on Thursday, the 26th at 4:00 p.m. (UTC+2).
The development includes 16 semi-detached houses, divided into two identical phases of eight units each. Each home will have three bedrooms, an average built area of 135 sqm, and a parking space. The first phase has already been a commercial success: all units are reserved. The second phase will go on the market next month.
The development is located in Santángelo Norte, an elevated residential area in the municipality of Benalmádena (Málaga), with direct access to the A-7 and just 10 kilometers from downtown Málaga. It’s a growing area that combines tranquility, proximity to the beach, and spectacular views of the sea and mountains.
An experienced developer
The developer of Ocean View Homes is Alnasir, a real estate firm based in Córdoba that has become a benchmark in urban development in southern Spain. Alnasir has carried out residential and urban projects in some of the most sought-after areas of Andalusia, including Málaga, Seville, Córdoba, and the Costa del Sol.
The developer already owns the land for the project and is contributing it to the development company at a value below its appraised worth. Additionally, the developer will contribute 25% of the total capital, ensuring alignment of interests with investors.
Structure and investment strategy
Ocean View Homes follows a capital gains strategy, through land acquisition and project development until the delivery of the homes.
Urbanitae investors will contribute €1,200,000, plus an additional €10,000 set aside for administrative and management expenses. The project’s total equity amounts to €1,600,000 and will be supplemented by bank financing—already agreed with a top-tier financial institution—which will cover construction costs and part of the technical costs.
Permits requested and financing secured
Construction permits for both phases have already been requested, with approval for phase one expected between October and November. The execution plan calls for construction of phase one to begin in Q4 2025, and phase two to begin in Q2 2026. Full construction and delivery are scheduled for Q3 2027, with profits to be distributed in Q4 of that same year.
Watch this video to learn more about the project:
Key investment highlights
- Prime location: The development is located on the Costa del Sol, an area with strong national and international demand.
- Established developer: The project is led by a developer with a solid track record both locally and nationally.
- First phase already sold: All units in phase one are reserved, reflecting strong market demand.
- Permits requested and bank financing secured, significantly reducing operational risk.
- Developer has skin in the game, contributing own capital to align interests with investors.
Financial scenarios and return estimates
As with all equity projects, CNMV regulations do not allow us to publish projected returns. However, estimated returns can be calculated from available data: in the favorable scenario, projected revenues total €6.9 million and total costs amount to €6.2 million, based on total equity of €1.6 million.
Forecasts vary in the moderate and adverse scenarios, with tighter margins or even partial capital losses, reflecting the inherent risk of any investment.
Estimated project duration: 26–30 months
- Q3 2025: capital increase and asset purchase
- Q4 2025: start of construction for phase one
- Q2 2026: start of construction for phase two
- Q2 2026: completion of phase one
- Q3 2027: completion of phase two and delivery of homes
- Q4 2027: distribution of profits to investors
Another great opportunity on the Costa del Sol
Ocean View Homes is yet another example of the dynamism of the residential sector on the Costa del Sol and the opportunities offered by real estate crowdfunding with Urbanitae. If you’re looking to invest in a well-positioned project with secured financing, strong commercial traction, and an experienced developer, this is your chance.
Have questions? Join the webinar with the developer on Wednesday, June 25 at 12:00 p.m. (UTC+2).
You can contact us at contacto@urbanitae.com or call us at (+34) 911 23 25 22. We look forward to seeing you!
