Italian fashion group Armani and former world number one Rafael Nadal are involved in a new residential development on Marbella’s Golden Mile.
Armani Residences Marbella is being developed by Sierra Blanca Estates and Palya Assets, a company led by businessman Abel Matutes and Nadal.
The project sits in Nagüeles, on one of the last available private properties on the Golden Mile, the stretch connecting central Marbella with Puerto Banús.
According to data from idealista, the average property price in the Golden Mile area is around €6,872 per m². At that average, a 150 m² property would work out at roughly €1.03 million, before any additional purchase costs.
Construction began at the start of summer 2026, and completion is expected in 2028,
A 33-home project on a 50,000 m² estate
Armani Residences Marbella will have just 33 residences within an estate of around 50,000 m², with Mediterranean Sea and Sierra Blanca mountain views. Its first sales phase will include 10 homes.
Most properties will be duplex homes, with 150–200 m² per floor in both ground-floor homes and penthouses. Balconies and terraces will measure between 100 m² and 800 m², and some properties will include private swimming pools and solariums.
The largest home in the development will have 500 m² of indoor space and a terrace of around 1,000 m².
Armani/Casa interiors and resident facilities
The homes will follow the Armani/Casa design aesthetic. The project is described as prioritising nature and sustainability through its landscaping.
Residents will have access to a spa, fully equipped gym, private club and a 24-hour concierge service.
Marbella’s branded-residences market
Marbella continues to establish itself as a destination for branded residences, with Lamborghini and Dolce & Gabbana having residential projects in the municipality.
Original article published by idealista.pt/news on 31 August 2026.
