La Zagaleta: A New Phase for Europe’s Most Exclusive Luxury Urbanization
La Zagaleta, located in the hills of Benahavís on the Costa del Sol, is known worldwide as one of the most exclusive residential complexes. This luxurious urbanization has recently gained a new owner. Modon Holding PSC, an Abu Dhabi-based holding company, has taken over 100% of the management. This marks not only a new phase in the development of La Zagaleta, but also a strategic step for Modon’s international expansion in the luxury real estate market.
In this blog post, we dive deeper into the background, features and future plans of La Zagaleta. We also look at the impact of its acquisition by Modon Holding.
A Bit of History
La Zagaleta has a fascinating history. What is now a paragon of luxury began in 1989 as a confiscated estate of notorious tycoon Adnan Khashoggi. The 900-acre site was purchased in 1991 by Enrique Pérez Flores and a group of international investors for $36 million. The original plans included the construction of 3,000 homes, but Pérez Flores decided to limit the number to just 420, ensuring low building density and an abundance of nature, which today is one of La Zagaleta’s biggest attractions.
From the beginning, the exclusivity of the project was ensured by strict building codes and a focus on privacy and luxury. All villas feature unique designs, with a minimum of three bedrooms, a staff room and a swimming pool. Many homes also feature indoor pools, fitness rooms and saunas.
Amenities and Features
La Zagaleta offers more than just luxury homes. The complex boasts an array of amenities that make it an exclusive community. Consider:
- Golf Courses: Two 18-hole golf courses, designed by renowned architects, offer exclusivity and exceptional quality. Access is strictly limited to ensure player privacy.
- Equestrian center: The center has 23 stables and houses Spanish thoroughbred horses. There are also facilities such as an indoor riding arena and a 24-hour veterinary center.
- Clubhouse: A 5,000-square-foot clubhouse with restaurants, party rooms, a disco, a billiard room, saunas and tennis and padel courts.
- Helicopter service: A permanent helicopter service is ready to transport residents and club members for business, tourist or sports purposes.
The urbanization is also famous for its high level of security, with 24/7 surveillance, closed circuits and patrols. Residents can also take advantage of a concierge service that offers all kinds of services, from domestic help to organizing leisure activities.
Nature, Fauna and Flora
One of the unique aspects of La Zagaleta is its pristine natural environment. The urbanization is surrounded by lush vegetation, protected by strict environmental regulations to preserve its natural beauty. With more than 900 hectares of forests, rolling hills and green valleys, La Zagaleta provides a habitat for diverse flora and fauna.
The flora includes a mix of Mediterranean trees and shrubs, such as cork oaks, pines and carob trees. In spring, colorful wildflowers bloom, giving the landscape a vibrant appearance. The wildlife is equally impressive; residents can often encounter deer, wild boar and other native species during walks or rides around the estate. In addition, active conservation efforts are underway, with special areas that serve as protected habitats.
The natural environment not only adds to the beauty of La Zagaleta, but also offers a sense of tranquility and harmony. For nature lovers, it is an ideal place to enjoy hiking, horseback riding and other outdoor activities, all within the confines of this exclusive estate.
Residents and Target Group
Residents of La Zagaleta reflect the exclusive nature of the urbanization. This community consists of successful entrepreneurs, businessmen and professionals from various sectors. The majority of buyers come from the United Kingdom, Germany, Switzerland, Northern Europe and Spain.
The pandemic brought a change in the profile of buyers. More and more young professionals between the ages of 35 and 40, working in technology, renewable energy and innovation, are showing interest. They are attracted by the combination of luxury, sustainability and exceptional leisure facilities.
The Acquisition by Modon Holding
The recent acquisition by Modon Holding marks a new phase for La Zagaleta. Modon, an emirate group focused on high-end real estate projects, sees the acquisition as an important strategic step in their international expansion. The urbanization comprises about 2.7 million square meters and offers many opportunities for future developments.
One of the most exciting plans is to develop the Majarambuz area, also known as Valderrama II. This 2.2 million-square-meter site, including protected green areas, will be used for luxury housing. In addition, the possibility of building a hotel within the urbanization is being considered.
Jassem Mohammed Bu Ataba Al Zaabi, chairman of Modon Holding, describes the acquisition as “a milestone” and emphasizes that the company is focused on developing new opportunities for luxury real estate on a large scale. Modon’s CEO, Bill O’Regan, emphasizes the uniqueness of La Zagaleta, calling it a place where “luxury, privacy and security are absolutely guaranteed.”
Impact on La Zagaleta’s Future.
The acquisition provides opportunities for further development and enhancement of La Zagaleta’s reputation as one of the most exclusive residential locations in the world. Ignacio Pérez, executive president of La Zagaleta, believes Modon Holding’s investment will help the urbanization realize the next phase of their vision and realize the full potential of the brand.
With the support of Modon, La Zagaleta will continue to focus on offering exceptional luxury homes while also exploring new developments. This includes not only residential projects, but also lifestyle elements that cater to the needs of the modern, affluent buyer.
La Zagaleta remains a symbol of luxury, exclusivity and innovation. With the acquisition by Modon Holding, the future of the urbanization is assured and expanded. New projects such as Majarambuz and the possible construction of a hotel highlight the ambition to not only maintain La Zagaleta as an icon, but also to develop it further.
For those looking for a home in one of the most exclusive environments in Europe, La Zagaleta offers an unparalleled combination of luxury, privacy and nature.
Sources: This information was gathered from articles published by El Confidencial and Málaga Hoy. Thanks to Modon Holding’s strategic vision, this unique community will continue to grow and evolve.
Are you looking for a luxury property in La Zagaleta or elsewhere on the Costa del Sol? Contact MDR Luxury Homes for a personalized consultation and find out how we can help you find your dream home.
