This week, the calendar confirmed what college students already knew: Spring is here. Beach towns around the world are overrun with merrymakers blowing off steam from the long slog of winter. But Cancun and Punta Cana aren’t exactly famous for their luxury offerings. To help the elite beat the heat (and crowds), Mansion Global rounded up five premium spring break destinations worthy of year-round investment. Ibiza Just a few decades ago, Ibiza was an island of quiet fishing villages. Today, it’s a world-famous party destination with spacious villas tucked away in the hills and luxury apartments in Playa d’en Bossa and the Old Town. But if clubbing is your scene, not to worry — many of the island’s world-famous clubs, including Space, Amnesia and Pacha, officially open in May.
What’s on the market
Price: $12.8 million This unique property, a former palace, is located inside the historical walls of Ibiza’s Old Town. It features a large roof terrace with views of the town, harbor, sea and countryside. View full listing Marrakech With stunning views of the Atlas mountains, bustling markets and spas, Marrakech is the jewel in Morocco’s crown. It’s also long been a favorite of rich, famous and powerful, including Winston Churchill and Yves Saint Laurent. To be right in the action, look for traditional riads by the medina — the city’s main historic quarter; for more space, explore the Palmeraie district or further out in the surrounding countryside.
What’s on the market
Price: Upon request Located eight kilometers from Marrakech, this modern three-bedroom property has several private terraces with views of the Atlas mountains and a separate guest house. View full listing Mykonos Greece’s ongoing economic woes have not put off holidaymakers traveling to the island of Mykonos, which continues to welcome jet-setters such as Naomi Campbell, Johnny Depp and the Kardashian clan. Even with these bold-faced names, Mykonos is still seen as a tranquil alternative to Ibiza. It is also one of the few markets attracting interest from foreign buyers amid the country’s economic and political uncertainty.
What’s on the market
Price: Upon request This 13,993-square-foot, seven-bedroom, eight-bathroom property on the island of Mykonos features spacious living areas, two swimming pools, a stunning panoramic sea view and, of course, the island’s classic white walls. View full listing Malibu It’s not just Barbie who loves Malibu. The coastal community’s famous residents include Caitlyn Jenner, Halle Berry, Ellen DeGeneres, Julia Roberts and Courteney Cox, to name just a few. It’s also becoming more popular with Chinese, Russian and European investors who are attracted to the beachside lifestyle, beautiful scenery and proximity to Los Angeles. Good news for those looking to invest in a property for part-time use: Luxury rents are soaring here.
What’s on the market
Price: $24 million This six-bedroom home has breathtaking coastline views from nearly every room. Other amenities include an infinity pool, spa and elevator service for each level. View full listing Dubai Dubai is a popular tourism destination year-round, but March and April are among the best months to avoid the heat. This means spring is peak season, though, so expect crowds everywhere you go, which is good news for investors looking for a part-time destination. Like Malibu, the luxury rental is strong throughout the year. And, despite a recent decline in home prices, Knight Frank says Dubai offers homebuyers “strong economic prospects, a low tax regime and stable political system.”
What’s on the market
Price: $17.1 million This five-bedroom property on the iconic Palm Jumeirah — a manmade archipelago in the shape of a palm — has access to a private beach with views of Dubai Marina skyline, plus staff quarters. View full listing