Aloha Property Prices in 2026: Notarial EUR/m2 in Marbella's Golf Valley Centre

In Aloha, the registered sale price, what buyers actually paid at the notary, averaged 4,814 EUR/m2 across all property types in June 2026, with apartments at 4,619 EUR/m2 and resale villas at 4,985 EUR/m2 (listyco notarial data, 2026-06, Consejo General del Notariado). New-build villa prices are n/a for the zone this month. Those are real closing prices, not asking prices, which is why they sit below the headline figures buyers see in listings. Aloha is the central pocket of Nueva Andalucía’s Golf Valley, wrapped around the 1975 Aloha Golf Club, and its registered figures land between its golf-neighbour zones on the same notarial measure.

What did property actually sell for in Aloha in 2026?

Registered notarial sales averaged 4,814 EUR/m2 across all property types in June 2026: 4,619 EUR/m2 for apartments and 4,985 EUR/m2 for resale villas (listyco notarial data, Consejo General del Notariado). New-build villa data is n/a this month. These are the prices recorded at the notary when a deed is signed, the most reliable public signal of what a home in this Golf Valley pocket actually changed hands for.

Property type	Registered price (EUR/m2), Aloha, June 2026
All property types	4,814
Apartments	4,619
Resale villas	4,985
New-build villas	n/a

Source: listyco notarial data, 2026-06 (Consejo General del Notariado). New-build villas are n/a because too few registered new-build villa sales fell in the zone this month to report a reliable figure.

What kind of place is Aloha and who buys there?

Aloha is the middle pocket of the Nueva Andalucía Golf Valley, the band of real estate that stretches north from Puerto Banús toward the AP-7 motorway, framed by three private golf courses. The urbanisation grew around the Aloha Golf Club, an 18-hole, par-72 course designed by Javier Arana and opened in 1975, which remains the zone’s organising feature. The course runs through mature pine, palm and olive tree planting that gives the streets a dense, established green canopy unusual even by Golf Valley standards. Frontline-golf properties line the fairways, and the secondary streets step back through a mix of detached villas, townhouses and low-rise apartment complexes, all within a five-minute drive of Puerto Banús.

The buyer profile is specific. Aloha draws golf-led second-home owners and relocators who want course views without the premium that Los Naranjos now commands, and without the gated formality of La Zagaleta or Sierra Blanca. UK and Scandinavian buyers form the dominant international cohort, with a steady Belgian and Dutch contingent, alongside Spanish families who value the established gardens and the short commute into Marbella. The buyer here is paying for a mature, tree-lined setting within walking distance of a private club, not for frontline beach or for maximum plot size. Apartments in the secondary streets pull the registered average toward the 4,619 EUR/m2 figure, while the frontline-golf villas on the fairway edge sit above it. For the wider Nueva Andalucía context, including how Aloha fits among the Golf Valley pockets, see the Nueva Andalucía price guide.

What drives prices in Aloha?

Three factors move the EUR/m2 figure up or down in this pocket, and understanding them is the key to reading the registered average.

Frontline-golf position. The strongest price driver in Aloha is direct fairway frontage. Properties on the edge of the Aloha Golf Club course, with unobstructed views across the fairways and the tree canopy, command a clear premium over the secondary streets behind. The resale villa figure of 4,985 EUR/m2 reflects this stock, which carries the established gardens and pool settings that define the Golf Valley lifestyle. The apartment figure of 4,619 EUR/m2 captures the complexes set back from the course, which trade course views for lower entry prices and still sit within walking distance of the clubhouse.

Mature landscaping and built-out supply. Aloha’s tree cover is denser than its Golf Valley neighbours because the urbanisation is nearly 50 years old and the planting has had decades to establish. This creates a scarcity effect: the zone is largely built out, so new supply means demolishing and rebuilding rather than developing fresh land, and the planning constraints around the golf course limit what can be built on the periphery. The n/a on new-build villas reflects this: too few new-build villa transactions registered this month to report a reliable figure, because new construction is rare and the stock that trades is overwhelmingly resale.

Central Golf Valley access. Aloha sits between Los Naranjos to the west and Las Brisas to the east, and its position gives buyers access to three private clubs within a few minutes’ drive. This centrality sustains demand: a buyer who wants golf-course living with a choice of clubs, restaurants and pro shops nearby, without committing to a single development, tends to land in Aloha. The trade-off is that the zone lacks the beachfront access of the Marbella Golden Mile or the elevation and sea views of Nagüeles, so its price ceiling stays below those prime zones.

How does Aloha compare to its neighbouring zones?

Aloha sits geographically in the middle of the Golf Valley and economically in the middle of its price range, and the registered data makes the relationship clear. The table below sets the six neighbouring zones against Aloha on the same June 2026 notarial measure (listyco notarial data, Consejo General del Notariado), so you can read like-for-like registered closings rather than asking-price headlines.

Zone	All types (EUR/m2)	Apartments (EUR/m2)	Resale villas (EUR/m2)	Gap vs Aloha (all types)
Aloha (baseline)	4,814	4,619	4,985	-
Los Naranjos	5,648	4,574	7,027	+17%
Marbella Golden Mile	6,343	7,591	4,990	+32%
Puerto Banús	5,494	5,494	5,495	+14%
Las Brisas	4,556	5,607	4,113	-5%
La Dama de Noche-La Alzambra	4,474	4,155	5,419	-7%
Nueva Andalucía (wider)	4,293	4,591	3,960	-11%
San Pedro de Alcántara	3,447	3,273	3,947	-28%

Source: listyco notarial data, 2026-06 (Consejo General del Notariado). Resale villas use the villa field; new-build villa metrics are omitted because most zones report n/a on that line this month.

The read here is directional. Los Naranjos and the Marbella Golden Mile sit clearly above Aloha on the all-type measure, and Puerto Banús sits a step above it. Las Brisas and La Dama de Noche-La Alzambra cluster just below Aloha, and the wider Nueva Andalucía average sits below because it pulls in lower-priced peripheral stock. San Pedro de Alcántara anchors the value end of the set, roughly a quarter below the Aloha all-type figure.

The standout insight is the villa line. Los Naranjos registers resale villas roughly 41 per cent above Aloha’s on the same notarial measure, because Los Naranjos has absorbed a wave of turnkey rebuilds that lift its per-metre ceiling. Aloha’s villas, by contrast, are overwhelmingly original 1970s and 1980s stock that trades in established-garden condition rather than newly renovated shell form, which keeps the resale villa figure measured. The all-type gap between the two (17 per cent) understates the villa gap (41 per cent) and overstates the apartment gap: Los Naranjos apartments sit a fraction below Aloha’s apartment figure. A buyer choosing between the two on a villa budget sees a larger step-up than the headline suggests; a buyer choosing on an apartment budget sees almost no difference.

Las Brisas tells the opposite story. Its all-type figure sits 5 per cent below Aloha, but its apartment figure runs roughly 21 per cent above Aloha’s, because the Real Club de Golf Las Brisas entrance complexes command a premium for apartment buyers who want direct access to that club. A buyer focused on apartments near a prestigious club may find Las Brisas competitive; a buyer focused on villas tends to find more value in Aloha’s frontline-golf stock. For buyers looking beyond the Golf Valley, La Quinta to the north in Benahavís offers a gated, hillside alternative at a comparable all-type registered figure, and El Madronal provides a more private, gated villa enclave at a higher price point. The choice between these depends on whether the buyer prioritises golf-course frontage (Aloha), gated security (El Madronal) or elevated valley views (La Quinta).

What distinguishes the Aloha sub-pockets?

Aloha is not a single uniform street grid. The zone breaks into two readable sub-pockets that pull the registered averages in different directions.

The fairway-edge villas run along the Aloha Golf Club course boundaries, where the original detached villas sit on generous plots behind mature hedges. This is the stock that anchors the 4,985 EUR/m2 resale villa figure: established gardens, pool settings and direct course views, with the golf club reachable on foot. These properties trade rarely because owners hold them for the lifestyle rather than the yield, and the built-out nature of the zone means replacement supply comes only from demolition-and-rebuild, which is why new-build villa figures are n/a this month. A buyer in this sub-pocket is paying for the setting first and the built area second.

The secondary-street apartments and townhouses sit a block or two back from the fairways, along the streets that connect the clubhouse to the Avenida de España commercial spine. This is the stock that anchors the 4,619 EUR/m2 apartment figure: lower-rise complexes, shared pools, walking distance to cafes and supermarkets, and a price point that lets a buyer enter the Golf Valley without the villa budget. The trade-off is the loss of direct course views, but the Golf Valley address and the club proximity remain. This sub-pocket is where the relocating families and the part-year residents concentrate, because the apartment product fits a five-months-a-year usage pattern better than a full-detached villa.

The split matters for negotiation. A buyer who benchmarks a fairway-edge villa against the 4,619 EUR/m2 apartment figure will underbid; a buyer who benchmarks a secondary-street apartment against the 4,985 EUR/m2 villa figure will overpay. The registered all-type average of 4,814 EUR/m2 is the midpoint, not a uniform price, and the two sub-pockets move semi-independently.

How does the wider Spanish market affect Aloha’s 2026 prices?

Aloha does not move in isolation. The zone sits inside the Marbella municipality, which is itself inside the Andalusian and national price series, and the wider market context tells you whether the registered figure is rising, flat or cooling.

Tinsa’s IMIE Mercados Locales for the second quarter of 2026 reports Spanish finished-housing values up 15.2 per cent year-on-year, the highest annual rate since the third quarter of 2006, with a 3.7 per cent quarterly advance and a reading 11.8 points above general inflation (Tinsa, IMIE Mercados Locales, 2T 2026). The Costa del Sol sits inside that national figure, and the Marbella city series runs well ahead of it (see below), which places the local market firmly in the faster-appreciating tier.

For Marbella specifically, Tinsa’s city figure puts finished housing at 3,694 EUR/m2 in Q2 2026, up 18.31 per cent year-on-year (Tinsa, Marbella city, Q2 2026). That Marbella-wide average spans the whole municipality, including lower-priced inland districts such as San Pedro de Alcántara on the value end of the same notarial measure, which is why it falls below Aloha’s zone-specific registered average of 4,814 EUR/m2. The gap between the two, roughly 30 per cent, is the Golf Valley premium made visible: Aloha trades above the Marbella municipal average because its stock is golf-adjacent, mature and built-out, not because of a data artefact.

The national rate cuts the other way. With Spanish prices rising at 15.2 per cent and Aloha’s notarial figures measured against a June 2026 cache month, the registered average reflects a market that is still appreciating but at a zone-specific pace that is slower than the national headline. That is consistent with a mature, built-out zone where supply is constrained and transactions are dominated by resale rather than new development: prices rise with the tide, but the scarcity that drives double-digit premiums in newer zones is already priced in here.

Why are registered prices lower than asking prices and valuation estimates?

Registered notarial prices sit below both asking prices and valuation estimates because they capture every signed deed across the full transaction mix, including older resales and transfers, rather than the prime, newly listed stock that drives the headlines. A model estimate from listyco market-stats places current Aloha valuations around 9,052 EUR/m2 (model estimate, not a sale price), with high confidence across 366 property valuations. Asking prices on portals run higher still (asking, not closing). The 4,814 EUR/m2 registered average is the figure that reflects completed sales.

The two numbers answer different questions. The notarial figure tells you what closed; the model estimate gauges current value across the standing housing stock. Read together they form an honest range: what sellers ask, what the stock is estimated to be worth, and what actually sold. For Marbella-wide context, Tinsa’s Q2 2026 data puts the average finished-housing price in Marbella at 3,694 EUR/m2, up 18.31 per cent year-on-year (Tinsa, Marbella city, Q2 2026). That Marbella-wide figure spans the whole municipality, including lower-priced inland districts, which is why it falls below Aloha’s zone-specific registered average.

How should a buyer read these numbers?

Anchor your negotiation to the 4,814 EUR/m2 registered average: it is what comparable homes actually closed at. Treat asking prices as the seller’s opening bid and model estimates as a valuation guide for the standing stock. A buyer who starts from the registered figure, then adjusts upward for a frontline-golf position, a renovated interior or a larger garden, works from what the market did rather than what it hopes to do. The n/a on new-build villas does not mean new villas are cheap; it means the new-build market here is too thin to benchmark, so any new-build price you encounter is a one-off asking price rather than a comparable registered sale.

For the rental yield picture, Aloha’s golf-front villas and apartments command strong seasonal rents during the spring and autumn golf seasons, which matters for buyers weighing a part-let strategy. And for the full acquisition-cost breakdown, including the 7 per cent Andalusian ITP on resales and 10 per cent IVA on new-build, see the cost of buying guide. Aloha rewards buyers who understand the frontline-golf premium and the gap between asking and closing, and the registered notarial data is the cleanest way to see it.