For sale Meets MPRP purchase thresholdRef P-1468
Site in St Paul's Bay
St Paul's Bay · Site
€9,001,500
- 800 m²
- Listed 23 Oct 2026

St Paul’s Bay Dual-Opportunity Site
A rare, versatile development holding in a quiet residential pocket of St Paul’s Bay, steps from the beach
and vibrant nightlife. The site comes with two fully scoped routes: Option 1 permits the creation of an
approx. 45-room hotel with the potential to add two further floors, tapping directly into Malta’s year-round
tourism demand. Option 2 offers a residential play, involving demolition of the existing townhouse,
excavation of two basement parking levels, and construction of a ground-to-fifth-floor block plus a receded
penthouse level, delivering a ground-floor 2-bedroom maisonette, 4 one-bedroom, 6 two-bedroom, and 4
three-bedroom apartments, crowned by a mix of 1- and 2-bedroom penthouses. Investors can pivot
between hospitality income and strong residential capital growth in a single, superbly located site.
Option 1 - Hotel Development
Option 2 - Residential Development
How this property fits the MPRP
- Minimum qualifying purchase value is €375,000. This listing's advertised figure is at or above that minimum.
- Whether a property qualifies is decided by the Residency Malta Agency: it must be residential, meet health and safety standards and suit a comparable family. An AIP permit is generally required for purchases outside a Special Designated Area.
- The qualifying property must be held for five years from the certificate date.