Marbella East Enters a New Phase of Development – 47-Hectare Project in Río Real

Another major urban development project is progressing in eastern Marbella. The second phase of the Río Real Golf development will extend across approximately 47.25 hectares, with plans for 428 new homes, commercial areas, public facilities, infrastructure and extensive green spaces.

The project is being developed by Neinor Península SLU, part of the Neinor Homes Group. Following the acquisition of a 96.83% stake in AEDAS Homes for approximately €923 million, Neinor Homes has further strengthened its position, becoming the leading listed company in Spain’s residential property development sector. In 2026 alone, the company plans to commence construction on 17 developments comprising a total of 1,627 homes.

428 New Homes and Significant Public Infrastructure

The Río Real project covers a total area of 472,591 m², with almost 22 hectares allocated to residential development.

Of the planned 428 properties, 41 will be detached homes, while the remaining 387 residences will be distributed across six multi-family development plots.

However, the project represents considerably more than the creation of a new residential community. More than 250,000 m² will be allocated to public use, including green areas, roads, infrastructure and community facilities.

Plans include educational facilities, sports facilities, social and community areas, and new water infrastructure. Green areas alone will account for approximately 19.8 hectares.

Estimated development costs amount to approximately €22.15 million, while Marbella Town Hall is expected to receive around €12.49 million in direct revenue in connection with the project.

Why Does This Matter for Investors?

The significance of Río Real extends well beyond the delivery of 428 new properties.

Marbella East – including Río Real, Los Monteros and the surrounding areas – is entering a new investment cycle. New residential developments, hospitality and tourism investment, together with continued infrastructure improvements, are progressively strengthening the premium positioning of eastern Marbella.

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