Ana's Pipeline Pick: The Delmore Residences Surfside
The Delmore Surfside represents a rare opportunity to acquire a boutique oceanfront residence in the heart of Miami’s emerging Billionaire’s Triangle, one of the most supply-constrained ultra-prime residential corridors in the world. With only 37 residences, the project is positioned directly at the intersection of two powerful forces: the structural scarcity of oceanfront land and the rapid expansion of ultra-high-net-worth wealth flowing into Miami.
As global capital increasingly concentrates in lifestyle-driven markets, Miami has emerged as the fastest-growing super-prime real estate market globally, attracting UHNW individuals seeking privacy, security, and large-format luxury residences. Within this transformation, The Delmore is uniquely positioned to benefit from the next decade of ultra-prime growth
The Delmore sits within the Billionaire’s Triangle: Indian Creek, Bal Harbour, and Surfside. This is one of the most supply-constrained ultra-prime geographies in South Florida. Oceanfront land is extremely limited and future comparable supply is nearly impossible to replicate.
Ultra-prime resales in the corridor are already consistently achieving $4,000 – $5,000+ per square foot, and the presence of Indian Creek’s $100M+ estate transactions continues to set valuation precedent across the entire market. As UHNW wealth continues to flow into Miami, scarcity of oceanfront property becomes an increasingly powerful driver of long-term value.
The Delmore is being developed by DAMAC International, a global luxury developer with projects across Dubai, London, and other major international markets.
Delivering a project at the very top of the market requires substantial capital, global execution capability, and experience building true super-prime residences. DAMAC’s international portfolio and scale position the firm to execute a project aligned with the expectations of the global UHNW buyer base entering Miami’s emerging ultra-prime market.
High-profile purchases continue to reinforce Surfside and the surrounding corridor as a magnet for global wealth. Recent news of Mark Zuckerberg acquiring property nearby highlights the growing concentration of ultra-high-net-worth residents in the area.
Miami has now surpassed both New York and London as the leading destination for UHNW second-home ownership, while South Florida continues to experience some of the fastest millionaire growth rates in the world. These structural forces are driving sustained demand for $10M+, $50M+, and $100M+ real estate — the exact segment The Delmore is positioned to serve.
Project Snapshot
Address: 8777 Collins Avenue, Surfside, Florida
Developer: DAMAC International
Architect: Zaha Hadid Architects
Total Residences: 37 ultra-luxury oceanfront residences
Residence Sizes Approximately 7,000 SF average, Penthouses exceeding 10,000 SF
Pricing: $15M - $45M+
Sales Gallery: 301 71st Street, Miami Beach, FL
Official Website: https://thedelmore.com
Project Status
Status: Foundation soil mixing phase (DSM/TSM) is complete as of November 2025, project expected to go vertical in 2026
Estimated Delivery: 2029
The Delmore Surfside | Investment Thesis
The Delmore Surfside represents a rare opportunity to acquire boutique oceanfront residential product within Miami’s rapidly emerging ultra-prime market. With only 37 residences, the project sits at the intersection of two powerful forces shaping South Florida real estate: the structural scarcity of oceanfront land and the accelerating growth of global ultra-high-net-worth wealth.
Miami has now emerged as one of the world’s leading destinations for ultra-high-net-worth second-home ownership, surpassing traditional global hubs such as New York and London. As globally mobile capital continues to seek jurisdictions offering safety, lifestyle, and long-term opportunity, South Florida is attracting entrepreneurs, investors, and family offices relocating from major financial centers.
Within this transformation, the Surfside and Bal Harbour corridor is rapidly consolidating as one of Miami’s most valuable ultra-prime residential areas. Ultra-luxury transactions across nearby Indian Creek, often referred to as the “billionaire bunker,” continue to establish new pricing benchmarks. Recent purchases by Mark Zuckerberg on Indian Creek Island, with transactions approaching $200 million, reinforce the area’s status as a global wealth enclave and further elevate the international profile of the surrounding market.
At the same time, supply of true ultra-prime oceanfront residences remains extremely limited. Boutique buildings of this scale are difficult to replicate due to zoning restrictions, land scarcity, and the complexity of developing large format luxury residences designed for ultra-high-net-worth buyers.
The Delmore responds directly to this structural supply gap. With residences averaging approximately 7,000 square feet and penthouses exceeding 10,000 square feet, the project delivers the expansive, private living environment increasingly sought by global UHNW buyers transitioning from single-family estates to full-service oceanfront condominiums.
Taken together, the project aligns with some of the most powerful structural forces shaping Miami’s next decade of growth: expanding global wealth concentration, sustained migration of high-net-worth individuals, and the enduring scarcity of premier oceanfront real estate. These dynamics position The Delmore Surfside at the forefront of Miami’s evolving super-luxury residential market.
Developer Interview | The Global Forces Shaping Miami’s Super-Prime Market
Ana Bozovic sits down with Jeffrey Rossely, Senior Vice President of Development at DAMAC International, to discuss the global forces shaping the next era of ultra-prime real estate.
Rossely has spent decades developing landmark luxury projects across the Middle East and international markets. In this wide-ranging conversation, he reflects on how the 21st century is being reshaped by the mobility of wealth, the rapid expansion of ultra-high-net-worth populations, and the growing concentration of global buying power among the world’s wealthiest individuals.
Drawing from his international development experience, Rossely discusses why Miami has emerged as one of the most compelling destinations for global capital and how projects such as The Delmore Surfside align with the preferences of today’s ultra-high-net-worth buyers seeking privacy, security, and expansive oceanfront residences.
The conversation explores the structural forces driving the global super-prime real estate market and offers a rare perspective from a developer whose career has spanned some of the most dynamic luxury markets in the world.
The Forces Shaping Miami’s Ultra-Prime Real Estate MarketIndustry Event | The Delmore Sales Gallery | October 14, 2025
Ana Bozovic joined leading voices in South Florida real estate for a conversation on the evolution of Miami’s ultra-prime residential market at The Delmore Sales Gallery in Miami Beach.
Hosted by the team behind The Delmore and Douglas Elliman Development Marketing, the event brought together industry leaders including Jeff Rossely of DAMAC International, Jay Phillip Parker of Douglas Elliman, Craig Studnicky of ISG World, and Israel Kreps of Kreps PR for a discussion on the forces shaping Miami’s super-luxury market.
The conversation explored how Miami has emerged as one of the world’s most important destinations for global wealth, the rapid growth of ultra-high-net-worth buyers seeking large-format oceanfront residences, and the structural scarcity of new ultra-prime development along the Surfside and Bal Harbour corridor.
During the discussion, Bozovic shared insights from Analytics Miami research, highlighting the powerful macro forces driving the region’s luxury housing market, including global wealth migration, the rise of the Billionaire’s Triangle, and the growing demand for boutique oceanfront residential buildings.
The event provided a rare opportunity for brokers and industry leaders to examine the global context behind projects such as The Delmore Surfside, one of the most ambitious ultra-luxury residential developments currently underway in South Florida.
Media Coverage: Featured in World Red Eye
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The Delmore Presents: Miami's Next Wave of Super Prime GrowthMarket Conversation | Analytics Miami x Kreps PR | Filmed Jan 13, 2026
Ana Bozovic joins Israel Kreps, founder of Kreps PR, for a discussion on the findings from the Analytics Miami Delmore Surfside market report and the broader forces reshaping Miami’s ultra-prime residential market.
Drawing from the report’s research, the conversation examines how global wealth mobility, the rapid growth of ultra-high-net-worth populations, and the concentration of capital among the world’s wealthiest individuals are transforming the structure of luxury real estate markets.
Bozovic outlines the key data behind Miami’s emergence as one of the leading destinations for global wealth, including the increasing scarcity of new oceanfront development and the growing demand for large-format residences designed for ultra-high-net-worth buyers.
Kreps and Bozovic also discuss how projects such as The Delmore Surfside align with these structural forces, positioning the development within the next phase of Miami’s expanding super-prime market.
The discussion provides a deeper look at the macroeconomic and demographic trends shaping the future of South Florida’s luxury real estate landscape.
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