Palma de Mallorca: A City on the Rise

Over the last 20 years, Palma de Mallorca has undergone a dramatic transformation. Once primarily known as the capital of the Balearic Islands, Palma has evolved into a vibrant metropolitan city that attracts people from all over the world. No longer just a gateway to Mallorca’s picturesque beaches, Palma has become a destination in its own right. Visitors and residents alike are drawn to its unique mix of rich history, modern amenities, and cosmopolitan lifestyle.

As Palma has evolved, so has the demand for quality real estate in the city. In recent years, foreigners have discovered Palma as an ideal place to live, work, and invest. This shift has resulted in a surge of interest in the city, particularly from those seeking high-end living spaces with modern amenities.

As this new wave of residents settles in Palma, their expectations for luxury living have risen. Many of these buyers are looking for more than just a vacation home; they seek apartments or villas that offer high-end amenities, modern designs, and sustainability features. The highly anticipated XO JONQUET development is bringing a fresh level of sophistication to Palma’s renowned Paseo Marítimo. Brought to the market by renowned Spanish agent Lucas Fox, this new project is set to become a city landmark, offering a seamless combination of contemporary design, prime location, and exceptional amenities, all while preserving the spirit of Mallorca’s rich heritage.

XO JONQUET features sleek, clean lines and large glass façades that maximize the breathtaking views of the bay, the Cathedral of Santa María (La Seu), and the city skyline. High-quality materials and attention to detail are evident throughout, from the elegant stonework to the minimalist interiors that offer spacious and light-filled living areas. 

The development comprises a selection of luxury apartments, penthouses, and duplexes, each designed with modern comfort in mind. Open-plan living spaces, floor-to-ceiling windows, and expansive terraces create a seamless flow between indoor and outdoor living, allowing residents to fully embrace the Mediterranean lifestyle. Many units also offer private pools, outdoor kitchens, and rooftop terraces. As well as 5* facilities such as a spa, fitness centre, golf simulator and cinema, the project will include a new urban park and affordable housing, testament to XOJAY’s commitment to corporate responsibility in its projects.  

Mallorca’s real estate market continues to attract international buyers, Alex Vaughan, CEO of Lucas Fox explains: “Mallorca is a highly competitive market, where the majority of prime property transactions involve international buyers. The previous German dominance on the island has faltered due to the country’s economic slowdown and at Lucas Fox, we are seeing a growing interest from luxury real estate investors across the globe including Northern Europeans, the British, Scandinavians and increasingly North Americans, who are drawn to Mallorca’s stunning landscapes, pristine beaches, and vibrant culture. With Mallorca’s strong real estate market and limited availability of prime waterfront properties, XO JONQUET is poised to deliver both an exceptional lifestyle and significant potential for long-term value appreciation.”

In many ways, XO JONQUET represents the final piece of the puzzle in Palma’s ongoing transformation into a world-class city. As Palma’s profile continues to rise, its blend of historical charm, modern luxury, and forward-thinking development ensures that it will remain one of the most desirable places to live and invest in Europe.

Prices start at 1.32m Euros through Lucas Fox www.lucasfox.com