In celebration of World Tourism Day, international luxury real estate firm Barnes will unveil a selection of cities that are particularly attractive for high-end real estate investments. Although Madrid has solidified its position as the global capital for luxury real estate investments according to the Barnes City Index 2025, destinations such as Dubai, Miami, Monaco, and Milan round out the top five, comprising a mix of factors that make them ideal places to live, invest, and enjoy unique experiences.

According to Alvise da Mosto, the Managing Partner at Barnes in Spain:

“On World Tourism Day, we invite investors to explore new opportunities in cities that offer a unique blend of luxury, quality of life, and growth potential. These cities are redefining the concept of luxury real estate investment and offer unmatched experiences for those seeking an exceptional lifestyle.”

The Global Property Handbook 2025 report from Barnes highlights the rise of Middle Eastern cities like Dubai, Abu Dhabi, Doha, and Riyadh. Governments are promoting modern infrastructure development and long-term visions to attract a new generation of digital nomads. Dubai has firmly established itself as the city of the future, ranking second on the Barnes list, just behind Madrid, due to its economic dynamism, favorable tax environment, and ability to attract families and young professionals looking for an ideal environment to create or expand businesses. Luxury properties in various areas of the city are experiencing an average appreciation of 15%, making it an attractive investment opportunity both in the short and medium term.

Miami continues to be a technological and financial haven, largely fueled by the rise of remote work. The city has become a favorite among tech companies and investment funds, offering a vibrant lifestyle and a strategic location. While the luxury market trend remains stable, areas like Key Biscayne have seen price increases of up to 9%.

European cities like Monaco and Milan have gained significant relevance in the luxury real estate market thanks to their quality of life. The Principality offers security and political and economic stability that attract buyers from across the globe, while Milan has managed to reinvent itself and become the heart of finance, culture, and fashion. In Monaco, luxury properties see an annual appreciation of around 10%. In Milan, while prices remain generally stable, areas like Magenta have experienced price increases of up to 8%.

For those seeking a luxurious lifestyle by the sea, Barnes also identifies exclusive destinations such as Palm Beach (Florida, USA), St. Barths (French West Indies), The Hamptons (USA), the French Riviera, and Santa Teresa (Costa Rica) as ideal places to invest in luxury properties. These spots boast paradisiacal beaches, exceptional climates, and a wide array of leisure and entertainment options, enhancing their appeal for a diversified and resilient investment portfolio.

World Tourism Day serves as a showcase to look beyond current trends and explore cities that combine luxury, quality of life, and growth potential in the high-end real estate market. Madrid leads the global ranking according to Barnes, but Dubai, Miami, Monaco, and Milan maintain a key presence on the luxury investment map, alongside exclusive coastal destinations enriching portfolio diversification for investors seeking long-term experiences and returns. As Alvise da Mosto concludes, “these cities are redefining luxury real estate investment and offer unique experiences for those pursuing an exceptional lifestyle."