- The development, located in Cancelada, will involve a total investment of 29.1 million euros.
- Adagio consists of 80 homes of 2 and 3 bedrooms, including duplexes and townhouses, in one of the most consolidated residential enclaves of the Costa del Sol.
- The project will have the Domum seal of sustainability and double AA energy rating.
Málaga, June 10, 2026. Metrovacesa, one of the leading real estate developers in Spain, with more than one hundred years of history, has obtained the building permit for Adagio, its new residential project located in Cancelada, on Estepona’s New Golden Mile. The development, which will involve a total investment of 29.1 million euros, will comprise 80 2 and 3-bedroom homes distributed in a residential complex designed to blend in with the natural surroundings of the Costa del Sol.
“With Adagio we continue to strengthen our presence on the Costa del Sol with a project designed to respond to a sustained residential demand in one of the most dynamic enclaves in the province of Malaga. The location, the design of the homes and the quality of the common areas make this development a differential proposal within the New Golden Mile”, says Laura González Sánchez, Metrovacesa’s Eastern Andalusia Developments Manager.
An integrated residential project on the New Golden Mile
Located between Marbella and Estepona, Adagio is located in Cancelada, one of the most consolidated residential areas with the greatest projection on the Costa del Sol. The development will have 80 2 and 3 bedroom homes with terraces and/or gardens, including 10 duplexes and 4 townhouses.
The project has been conceived to offer homes oriented to comfort, privacy and connection with the environment, thanks to a staggered architectural layout that favors unobstructed views of the mountains and the Mediterranean coast. Many of the homes will also have sea views.
Common areas focused on wellness and sustainability
Adagio will incorporate a wide range of common areas designed for the leisure and well-being of residents, including a swimming pool, equipped gymnasium, landscaped areas, outdoor zen area, bicycle racks and an outdoor sports area.
The development will also have access to the exclusive Club House with spa, sauna, gym, indoor social areas and cafeteria with terrace for the residents of the residential developments in the area.
In terms of sustainability, the project will have Metrovacesa’s Domum seal and double AA energy rating, incorporating aerothermal systems for domestic hot water and high efficiency air conditioning, thermo-acoustic insulation and measures aimed at energy saving and responsible water consumption.
A residential market driven by structural demand
Adagio’s obtaining of the building permit comes against a backdrop of high residential demand in the province of Malaga, one of the most dynamic real estate markets in Spain. According to the latest Metrovacesa R3search analysis, the province has gained more than 18,000 inhabitants in the last year and continues to record intense residential activity, driven by both national and international demand, which already accounts for 38% of home sales and purchases.
Despite the recovery in development activity, Malaga maintains an accumulated deficit of around 12,800 homes generated between 2021 and 2025, reflecting a demand that for years has grown above the market’s production capacity. This imbalance continues to exert pressure on residential prices, which have increased by 10.1% in the last year.
In this context, projects such as Adagio contribute to expand the residential offer available on the Costa del Sol through homes adapted to the current market needs, in one of the most attractive residential enclaves in Spain.
