To mark World Tourism Day, which will be celebrated on Saturday 27 September, Barnes has presented its selection of the most attractive international cities for investing in luxury properties. Although Madrid ranks first in this year's Barnes City Index 2025, other destinations such as Dubai, Miami, Monaco and Milan complete the top five locations that combine quality of life, appreciation opportunities and experiences for buyers.
"On World Tourism Day, we invite investors to explore new opportunities in cities that offer a unique combination of luxury, quality of life and growth potential," said Alvise da Mosto, Managing Partner of Barnes in Spain. "These cities are redefining the concept of luxury real estate investment and offer unrivalled experiences for those seeking an exceptional lifestyle."
The company's Global Property Handbook 2025 highlights the dynamism of Middle Eastern cities such as Dubai, Abu Dhabi, Doha and Riyadh, which are driving their transformation with investments in infrastructure and strategies to attract international talent. Dubai, in particular, ranks second in Barnes' ranking thanks to its economic growth, favourable tax regime and ability to attract both families and young professionals. Luxury properties in the city have seen an average increase in value of 15%.
Miami continues to be one of the most sought-after luxury markets in the United States, especially due to its growing technological and financial ecosystem, reinforced by the expansion of remote working. The city offers a vibrant and attractive lifestyle, with areas such as Key Biscayne, where luxury properties are seeing increases in value of up to 9%.
In Europe, Monaco and Milan stand out among the most sought-after destinations. The Principality offers security, political stability and attractive taxation, which has allowed its luxury properties to achieve revaluations of up to 10% per annum. Milan, for its part, is the capital of fashion, culture and finance, with neighbourhoods such as Magenta where luxury property prices are growing by up to 8%.
For investors looking for beachfront experiences, Barnes points to destinations such as Palm Beach and The Hamptons (USA), Saint Barthélemy (French Antilles), the Côte d'Azur (France) and Santa Teresa (Costa Rica). These locations offer idyllic beaches, a good climate and a wide range of leisure activities. With this selection, Barnes emphasises that the international luxury property market is not only focused on major capitals, but also on enclaves that offer a stable lifestyle.