Description

Investment Opportunity – Resort & Residential Development Land on the West Coast of Gran Canaria (Agaete)

An exclusive opportunity to acquire and develop 1,230,000 m² of prime seafront land on the west coast of Gran Canaria, in Agaete – one of the Canary Islands’ most authentic and promising destinations.

The masterplan-approved land allows for the development of a luxury resort hotel, up to 558 villas and residential apartments, an 18-hole golf course, spa, restaurants, commercial areas, panoramic viewpoints, and direct access to two semi-private coves. The site benefits from 1.2 km of unique seafront frontage.

Project Highlights

• Total land area: 1,230,000 m²

  • Sector 5-A “Las Moriscas Turístico”: 200,000 m²

  • Sector 5-B “Las Moriscas Residencial”: 310,000 m²

  • Sector EQ-14 “Maritime & Leisure Park El Juncal”: 280,000 m²

  • Rustic land with beaches, gardens, promenades & ravines: 440,000 m²

• Approved uses under General Urban Plan:

  • Up to 558 villas & apartments (80% detached villas, 20% townhouses).

  • Hotel resort: 380 beds (expandable to 500), 11,400 m² buildable.

  • 18-hole golf course with sea views.

  • Commercial, F&B and leisure spaces.

  • Two semi-private coves: Playa del Juncal & Caletón Grande.

Strategic Advantages

• Prime location in Agaete, away from mass-tourism, ideal for upscale projects.

• Scarcity of comparable coastal land in the Canary Islands.

• Integrated resort concept: hospitality, residential, golf, wellness & lifestyle.

• Strong tourism demand: Gran Canaria receives over 4M visitors annually, with average occupancies above 80%.

• Proven benchmark: Hotel Jardín Tecina & Tecina Golf (La Gomera) show the viability of this model in the Canaries.

Investment Potential & ROI

• Residential Sales (558 units):

  • Expected prices: €600,000 – €1,200,000 per unit.

  • Gross revenues: €350M – €500M.

• Hotel Resort (380–500 beds, 11,400 m²):

  • Annual ROI: 7% – 10%, depending on management model.

  • Annual revenues: €15M – €20M.

• Golf Course + Spa & Wellness:

  • High-margin amenities, increasing average spend & length of stay.

• Commercial Areas (F&B, retail):

  • Rental income: €1M – €2M annually.

• Global ROI Estimate:

  • 12% – 18% annual return in stabilized operation.

  • Significant long-term capital appreciation.

Conclusion

This project is one of the last large-scale resort & residential development opportunities in the Canary Islands, offering:

• Prime location with 1.2 km of seafront.

• Diversified income streams (residential, hotel, golf, wellness, retail).

• High ROI with both operational income & capital gains.

• Approved planning & institutional support.

Agaete’s coastal expansion positions this development as a landmark resort destination, set to attract premium international demand and deliver outstanding returns.

Contact us for full documentation, financial projections and acquisition terms.