Marbella continues to strengthen its position as one of the most attractive investment destinations in southern Europe. Several major urban development projects worth tens of millions of euros are moving forward, while smaller-scale investments remain consistently strong.
During March alone, Marbella Town Hall processed building permits for minor works totalling 6.2 million euros, equivalent to around 200,000 euros in daily investment. At the same time, two large-scale developments have recently advanced in the approval process, further highlighting the city’s sustained growth and appeal.
The projects include a new shopping centre in the heart of the Golden Mile, a luxury resort, and more than 200 new homes in the Pinomar area. The hotel development alone represents an investment of approximately 120 million euros.
The upcoming shopping centre will be located in one of Marbella’s most iconic areas, directly opposite the historic Marbella Club Hotel, widely considered the birthplace of Marbella’s international reputation. The project will feature around 7,800 square metres of retail space, along with underground and surface parking, as well as improved access roads. It is currently in its early planning phase.
Meanwhile, the Pinomar development is at a more advanced stage. This project combines a luxury hotel and residential development, with planning processes being handled simultaneously to accelerate delivery.
The hotel will be developed by the Greek luxury brand Ikos Resorts on the former site of the Marbella Playa Hotel. It will be the group’s second property in the province, following the success of Ikos Andalusia.
Designed to offer a high-end experience, the resort will feature approximately 340 rooms, including beachfront suites with private pools, a selection of premium dining venues, and a luxury spa. The project is expected to generate around 1,000 jobs during both construction and operation, with a planned opening in 2028.
In addition to the hotel, the development includes around 200 free-market residential units, as well as key infrastructure improvements such as an extension of the coastal path and upgraded road access.
Together, these projects underline Marbella’s continued ability to attract significant investment, reinforcing its status as one of the most dynamic real estate markets in the region.
Best,
Johan Mihkelson Ringqvist
CEO & Founder
Marbella Golf Estates
Ekholmsnäs Golf Lidingö
Contact:
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