Malaga Airport is poised for a major transformation—one that will not only redefine air travel in southern Spain but also catalyze long-term economic development across the Costa del Sol. With passenger numbers rapidly approaching its current limit of 30 million, the proposed expansion will raise the airport’s capacity to 36 million passengers annually, aligning with the region’s growing global appeal and travel demand.

Although Aena, Spain’s airport operator, has yet to officially confirm the expansion, technical insiders have signaled that these plans are part of a broader infrastructure strategy. The upgrade comes at a critical juncture: Malaga Airport handled nearly 25 million travelers in 2023, and 2024 is expected to close with 27 million passengers. May alone saw a record-breaking 2.58 million travelers, an 8.7% year-on-year increase, making it one of the fastest-growing travel hubs in Spain.

This upward trajectory highlights not just the airport’s rising prominence, but also the broader momentum of the Costa del Sol. Tourism, real estate, and international investment are surging. As such, expanding Malaga Airport is more than a response to demand, it’s a strategic move to secure the region’s long-term prosperity.

Inside the Expansion Plans

Details of the expansion are expected to be formalized in DORA III (2026–2031), Spain’s national airport development roadmap. Key components of the project include:

• Demolition of obsolete infrastructure, such as Terminal 1 and the non-Schengen boarding docks (B and C).
• Construction of a new boarding pier adjacent to the second runway, streamlining international (non-Schengen) operations.
• Upgrades to security, border control, and baggage handling, enhancing speed, efficiency, and traveler comfort.
• Doubling terminal space, from 80,000 square meters to approximately 140,000 square meters, to better accommodate peak passenger flows.

Crucially, the airport’s two runways are not part of the upgrade, as they still offer ample capacity. This expansion is focused on optimizing terminal operations and passenger experience, exactly where the current pressure points lie.

Investment and Timeline

Aena is expected to open the project for tender soon, with planning and design continuing through 2026–2027. Environmental approvals are anticipated in 2028, and if all proceeds as scheduled, construction could begin in 2029. Though no official budget has been released, experts forecast an investment in the hundreds of millions of euros, reflecting both the complexity and strategic value of the project.

A Regional Growth Engine

The expansion is a clear signal of Malaga’s rising global stature. Improved connectivity will have far-reaching ripple effects, not just for tourism, but for the real estate market, job creation, and infrastructure development. As Malaga and the broader Costa del Sol become increasingly attractive to international visitors and investors, the demand for premium real estate and modern urban amenities is only set to grow.

Political support for the expansion is strong. Spain’s transport minister is expected to visit Malaga soon to present the official roadmap, further underscoring the national importance of the initiative. This isn't just a local airport project, it’s a cornerstone of Spain’s broader effort to enhance global competitiveness and regional development.

What This Means for Real Estate and Investment

At Luxe-Villa.com, we are already witnessing elevated interest from international buyers seeking high-end properties across Malaga, Marbella, and the Costa del Sol. The upcoming airport expansion is a significant driver, enhancing both accessibility and long-term property values.

For investors and buyers, this is a pivotal moment. Enhanced air links mean faster access, stronger rental yields, and sustained demand for quality real estate in one of Europe’s most desirable coastal regions.

To explore bespoke property opportunities or to speak with our team about tailored investment strategies, contact us at info@luxe-villa.com or visit www.luxe-villa.com.

Safe travels everyone !