What makes Miami a leading luxury worldwide destination?

It first attracts for its luxurious and safe lifestyle: Miami gives the option of living one step from the beach and go boating as residents from Trump Tower enjoy. They have amazing views from their apartments and relax in the cabanas on the beach.

Everything shouts luxury in Miami: yachts, designer watches, high-end apparel, multi-million dollar real estate, fancy cars… hence the well-deserved name of the “ultra-rich playground”! Consumerism, bling and flashy attire have long been defining Miami but the Magic City is now turning into a true cosmopolitan capital for luxury, attracting those who don’t mind putting millions on the table for a condo.

Some call it “the American Riviera”, or the place where people want to be. Indeed, global investors, real estate buyers, royals and magnates from various industries fly to Miami to set up businesses and invest in condos. Art Basel plays a great role in bringing the high net-worth people here. Not only is it an exotic destination but it is above all an American city with developed and state-of-the-art services, thus being able to be a leisure and business capital. The rich could soon stop by Miami’s Design District and shop at Brickell CityCentre or Miami Worldcenter. Now that is it checking off all the boxes, it is ranked in the top 5 global cities where very internationally diverse clients come.

Moreover, Miami is a hub for South America and its luxury offerings also attract Middle-East clients, thus becoming a booming market and the most international city in America: a trendsetter and a solid market at the same time, Miami brings together luxury performances, top-notch education and health services along with first-class dining and living. Now, it is mainly welcoming people who buy second-homes.

The city works as a magnet for capital flows, all converging to Miami. The example of the Gansevoort in Miami Beach transforming into 1 Hotel & Homes in South Beach is another proof that it has become a playground for investors who enjoy themselves while reshaping the area. A costly yet profitable game as condos there sell for $20 million. It keeps on reinventing its landscape and people want to join the transformation. Hundreds of cranes continuously build new condos, from $1M to $50M for the penthouses under construction at Faena House in Miami Beach.