.dev vs .madrid

.dev is a new generic top‑level domain aimed at technology and developer audiences, with a low entry price of $8.75 per year. .madrid is also a new gTLD intended to represent the Madrid region, but its registration cost is not publicly listed, making budgeting less transparent. .dev is best for projects that want to signal a technical focus, while .madrid works well for businesses, events, or organizations tied to the city of Madrid. The main trade‑off is that .dev offers an affordable, clearly priced option and global tech branding, whereas .madrid may involve higher or uncertain fees but provides strong geographic relevance.