Costa News Spain Breaking News | English News in Spain.
Emirati developer DAMAC International selected Marbella for the launchpad of its first US-based flagship project. The Delmore will be a breathtaking beachfront residential tower designed by Zaha Hadid Architects in Surfside Miami.
The exclusive unveiling took place on July 26 at the Finca Ana María estate of the iconic Marbella Club Hotel, drawing high-net-worth investors, Gulf family representatives, private banking executives, luxury hospitality entrepreneurs, and real estate fund managers. The event, co-sponsored by luxury experiences firm AURÉLIEN, revealed the deepening ties between Marbella and Miami, two global hubs for ultra-luxury real estate.
The Delmore in Miami’s prestigious ‘Billionaire’s Triangle’ features a 12 storey tower with 37 apartments ranging from 650 up to 930 square meters. Each residence boasts a 3-metre high ceiling, a 3-car garage with air conditioning, and personalised butler service. Residences starting at $15 million include over 5,100 sqm of amenities including a private dining room, a wellness center, and 60 m of private beach access. Designed by Hirsch Bedner & Associates, the project is set for completion in 2029, marking DAMAC’s bold entry into the U.S. market.
Marbella was chosen to host the launch, proving its position as a luxury investment magnet. “There is a natural symbiosis between Marbella and Miami: exceptional weather, state-of-the-art architecture, and an international clientele on the hunt for exclusivity,” said local entrepreneur Pedro Román Martín, who hosted the event. Farid Moussallem, of The Delmore, added that “Marbella shares a deep affinity with Miami as coastal enclaves, where lifestyle, architecture and global culture intersect.”
The National Association of Realtors reports that in 2024, Spanish investors invested more than $650 million into US residential properties. Miami captured over 30% of the capital. Conversely, US investment in the Costa del Sol soared to €3.2 billion in 2024, up 20 per cent from 2023, with a 34 per cent increase from American buyers, according to industry reports. Marbella leads Spain’s luxury market, with 82 per cent of transactions over €1 million involving international buyers and average prices exceeding €5,000/m² in 2025, according to Idealista Data.
DAMAC’s arrival in Marbella strengthens its role as Europe’s epicentre of luxury real estate and bridges global markets. DAMAC’s The Delmore is a benchmark in ultra-luxury housing, with over 44,000 completed units and another 35,000 still under construction. It unites Miami and Costa del Sol to create a vision of exclusivity.
Further information is available at:
• thedelmore.com
• aurelienhaus.com
