The House of Saud will reform its complex in the Golden Mile, with 80 new family homes, 50 of which are classified as royal palaces. The project will yield net income of €19.4 million for the municipal coffers.
The Saudi royal family has received the green light to expand its summer residence in the Golden Mile of Marbella. The land readjustment project for the Finca Al Riyadh, which has already passed the first municipal procedure, will involve an outlay of over €30 million for the City Council's coffers. The operation, which is currently under public display, will allow for the construction of up to 80 family homes, of which 50 can be considered royal palaces.
The complex, located in the Las Lomas del Marbella Club urbanization, occupies an area of 189,783 square meters. The new urban planning authorizes a buildable area of 40,240 square meters of roof. According to the technical documentation, the aim is to "maintain the conditions of privacy and security" that the current residences already have, adapting to the growth of the royal family.
A payment in three installments
The Marbella City Council will receive three separate payments from the company Casa Al Riyadh SL, the owner of the land. The first, amounting to €12.23 million, corresponds to the monetization of the urban development rights. The second, for the same amount, is allocated to compensation for the exemption from the reserved protected housing.
The third payment amounts to €6.26 million and is applied as compensation for the general system of free areas. In total, the gross income reaches €30.74 million. However, the City Council will have to expropriate a piece of land to make the project viable, at a cost of €11.3 million, so the final balance for the municipal coffers will be €19.4 million.
The mayor of Marbella, Ángeles Muñoz, has described the operation as "great news", as it shows that the third generation of the Saudi royal family "still wants to be in Marbella". The money received will be allocated to municipal investments, although specific projects have not yet been confirmed.
Debt from the past
The councillor for Urban Planning, José Eduardo Díaz, has clarified that from those €30 million, a municipal debt carried over from the time of Jesús Gil will need to be deducted. "We estimate that ultimately between a third and half of those €30 million we will receive will be available for the municipal coffers," he stated. A figure that, in any case, he considers positive for the municipality.
The project, which began in 2024 with the modification of the urban planning, maintains the maximum number of permitted homes. What changes is the increase in both buildable land and buildability. The estate is defined in the documents as "the predominantly summer residence of members of the Saudi royal house".
The complex already includes the King Abdelaziz mosque, which has a capacity for over 800 people, and includes housing for the imam and the person in charge of the library. The common elements of the new complex will include private access roads and a plot designated as green space with a total area of 145,713 square meters.
Local impact
For the residents of Marbella, the expansion of the Saudi royal complex represents a significant extraordinary income for the municipal coffers, which could translate into improvements in infrastructure or public services. Furthermore, the operation reinforces the city's image as an international luxury destination, attracting high-level investments. The public display period will allow citizens to submit objections before the final approval.
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