Marbella has transformed from a quaint town with a population of just over 12,000 in the 1960s to a bustling cosmopolitan city. Initially known for its fishing, agriculture, and mining industries, Marbella was under the control of a few landowning families. However, its exceptional microclimate and vast land for development soon attracted the attention of high society.
The Birth of a Glamorous Destination
The transformation began in 1953 when Prince Alfonso von Hohenlohe built the Marbella Club Hotel, an 18-room establishment catering to European nobility and celebrities. This marked the start of Marbella’s rise as a glamorous destination. By the late 1950s, the town had become a hotspot for European royalty and Hollywood stars, who purchased homes in the area, spurring a real estate boom.
A Melting Pot of Cultures
Marbella’s appeal broadened in the following decades, drawing interest from the Middle East, notably the Saudi Royal Family. This influx of international investors fuelled further development, transforming Marbella into a city with over 150,000 residents. Today, it boasts year-round tourism, top-tier schools, luxury shopping, and vibrant nightlife, alongside world-class golf courses and stunning beaches.
The Modern Marbella
Spanning 117 square kilometers, Marbella offers a diverse range of properties, from affordable homes to luxurious estates in areas like The Golden Mile, Guadalmina, Benahavis, Puerto Banus, and Nueva Andalucia. The city’s infrastructure, including dual carriageways and motorways, has vastly improved, although traffic can still be a challenge during peak times.
Future Prospects
Marbella’s real estate market holds promise, with potential further growth linked to the proposed extension of the railway line from Malaga City to Fuengirola. This development would enhance connectivity and likely boost property values even more.
From its humble beginnings to its current status as a global city, Marbella continues to evolve, offering a unique blend of luxury, culture, and lifestyle. Whether you’re looking to invest, vacation, or settle down, Marbella has something for everyone.
