DAMAC INTERNATIONAL ARRIVES IN MARBELLA PRESENTING ITS FLAGSHIP DEVELOPMENT ‘THE DELMORE’ IN MIAMI SURFSIDE

The Emirati developer is choosing the Costa del Sol as a platform to connect with European investors and launch their first flagship project in the United States, designed by Zaha Hadid Architects.

 

• Spanish buyers invested more than $650 million in residential assets in the US in 2024, with Florida, and in particular Miami, being the main destination, accounting for more than 30% of the total volume.
• American investment in the Costa del Sol reached €3,200 million in 2024, with an increase of 34% from the US, consolidating Marbella as one of the world’s leading luxury real estate destinations.
• In 2025, Marbella leads the ranking of Spanish cities with the highest volume of luxury transactions, surpassing €5,000/m² on average and reaching 82% of international buyers in transactions of more than one million euros.
• The Delmore symbolizes the strategic connection between Marbella and Miami, two luxury capitals that share investors, lifestyles, and a growing network of international real estate interests.

 

MARBELLA, 28th July 2025 – In a move that strengthens ties between two of the most dynamic luxury markets in the world, DAMAC International, an Emirati developer specialised in ultra-luxury residential developments, introduced its new flagship project in the US to Marbella: The Delmore, a beachfront residential tower located in Surfside (Miami), designed by the prestigious Zaha Hadid Architects studio.

 

The event was held on 26th July at the Finca Ana María estate of the iconic Marbella Club Hotel, where some thirty high-net-worth investors gathered, including representatives of prominent Gulf families, senior executives from leading private banking institutions, acclaimed luxury hospitality entrepreneurs, family offices, wealth management firms, and funds specialising in real estate projects. The day symbolised a new stage in the capital relationship between Europe and America in the luxury real estate sector.

 

The event was co-sponsored by AURÉLIEN, a luxury experiences firm that creates personalised proposals for international clients. The brand complements DAMAC’s approach to services, which range from gastronomy to art, yachting, fashion, and wellbeing, aligned with the expectations of ultra-premium buyers.

 

“The choice of Marbella isn’t coincidental,” adds Pedro Román Martín, local entrepreneur and event host. “There is a natural symbiosis between Marbella and Miami: exceptional weather, state-of-the-art architecture, cosmopolitan surroundings, and an international clientele with an eye for excellence and exclusivity.”

 

“With The Delmore, we are introducing a new paradigm of luxury—one that has never been done before. This is a residence designed exclusively for the world’s most discerning few. It is only natural that Marbella, a destination synonymous with elegance and global affluence, would be home to some of our future residents. Marbella and Miami have long shared a deep affinity—two coastal enclaves where lifestyle, architecture, and international culture converge,” said Farid Moussallem, The Delmore, Surfside Miami.

 

THE DELMORE: ARCHITECTURE AND LUXURY IN SURFSIDE

 

The Delmore project marks DAMAC’s official entry into the US residential market. It includes a 12-story tower located in the exclusive “Billionaire’s Triangle” in Surfside, with 37 homes that range between 650 m² and more than 930 m², 3-meter ceilings, and a 3-car air-conditioned private garage with each residence, plus personal butler service.

Over 5,100 square meters of life-enhancing amenities from private dining to wellness sanctuary, direct access to 60 meters of private beach, and prices that start at $15 million. The interior design is led by Hirsch Bedner & Associates, and completion is scheduled for 2029.

 

SPANISH INVESTMENT IN THE UNITED STATES: A RISING TIDE

 

Spain has become one of the main sources of European real estate investment in the US. According to data from the National Association of Realtors (NAR), Spanish buyers invested more than $650 million in American residential assets in 2024, with Florida being the main destination, accounting for more than 30% of these investments.

Furthermore, reports from the consulting firm Transnational Homes and the Zillow portal show that the demand from European buyers, especially Spanish buyers, has multiplied in areas such as Miami-Dade, Fort Lauderdale, and West Palm Beach between 2022 and 2024.

 

US INVESTMENT IN MARBELLA AND MÁLAGA, AT AN ALL-TIME HIGH

 

On the flip side, US investors are raising their presence in the Costa del Sol with a total investment in the “Golden Triangle” – Marbella, Estepona, and Benahavís – exceeding €3,200 million in 2024, an increase of 20% from 2023. Capital from the US increased by 34%, consolidating the US as one of the most important source markets, behind only the UK and Germany.

 

According to Knight Frank (The Wealth Report 2025), Marbella is the Spanish city with the highest percentage of international buyers in the luxury sector, with 82% of transactions over one million euros made by foreigners, and with Americans now in the top five purchasing countries.

 

The arrival of DAMAC reinforces Marbella’s position as the European epicentre for the commercialisation of large international developments. During the summer months, the city attracts a large proportion of global investment in luxury real estate, thanks to its connectivity, reputation, and commercial ecosystem.

 

According to Idealista Data (2025), Marbella leads the ranking of Spanish cities with the highest volume of luxury residential transactions, and in 2025 has surpassed the average price of €5,000/m², with historic records in areas such as Sierra Blanca, La Zagaleta, and the Golden Mile.

 

ABOUT DAMAC INTERNATIONAL

 

DAMAC is one of the world’s leading real estate developers, headquartered in Dubai with iconic projects in the United Kingdom, Saudi Arabia, Lebanon, Jordan, and now the United States. It has delivered more than 44,000 luxury residential units and maintains an active portfolio with more than 35,000 houses under development. Its arrival in Miami symbolises a new era for the group.