After moving between grounds, the team moved to the Campo de O'Donnell in 1912, which remained its home ground for 11 years. The stadium should not be confused with Campo de O'Donnell (Atlético Madrid), which had same name and was situated 200 metres (700 ft) away on the same boulevard. It was initially a field (campo) in the area of O'Donnell, next to the main boulevard called Calle de O'Donnell. After this period, the club moved for one year to the Campo de Ciudad Lineal, a small ground with a capacity of 8,000 spectators.

After winning the Central Region title in 1923, Real Madrid abandoned the old ground at O’Donnell and set itself the adventurous task of building a new stadium.

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A year later the Old Chamartín Stadium was born. A historic sporting complex with capacity for 15,000 fans, the Whites called it home for 23 years. The Whites’ inaugurated the ground with a close 3-2 victory over the English side Newcastle, at the time a fearsome opponent.

José María Castell was in charge of the construction work. The project included the construction of a grandstand with a roof with a capacity for 4,000 seated fans, with all the amenities and comfort. Controversy arose when it came to naming the stadium. While a group wanted to name it ‘Parque de Sports del Real Madrid’, the majority wanted to call it ‘Campo del Real Madrid Fútbol Club’. The fans however called it ‘Chamartín’, and despite never being its official name, this is the name that went down into history.

After some successes, the 1943 elected president Santiago Bernabéu decided that the Estadio Chamartín was not big enough for the ambitions of the club, and thus a new stadium was built and was inaugurated on 14 December 1947. This was the Santiago Bernabéu Stadium as it is known today, although it did not acquire the present name until 1955. The first match at the Bernabéu was played between Real Madrid and the Portuguese club Belenenses and won by Los Blancos, 3–1, the first goal being scored by Sabino Barinaga.

The capacity has changed frequently, peaking at 120,000 after a 1953 expansion. Since then, there have been a number of reductions due to modernizations (the last standing areas were removed in 1998–99 in response to UEFA regulations which forbids standing at matches in UEFA competitions), countered to some extent by expansions. The latest capacity is 81,044 spectators. A plan to add a retractable roof has been announced. Real Madrid has the fourth-highest of the average attendances of European football clubs, behind only Borussia Dortmund, Barcelona and Manchester United.

The Bernabéu has hosted the 1964 UEFA European Championship final, the 1982 FIFA World Cup final, the 1957, 1969 and 1980 European Cup finals and the 2010 UEFA Champions League Final. The stadium has its own Madrid Metro station along the 10 line called Santiago Bernabéu. On 14 November 2007, the Bernabéu was upgraded to Elite Football Stadium status by UEFA.

The Santiago Bernabéu is undergoing a facelift which will ensure that the arena continues to be a global benchmark within the worlds of sport and architecture. According to Florentino Pérez, "The new stadium will continue to be the setting that generates the emotions which will leave their mark on Real Madrid's future. It'll be the best stadium in the world in which to see us once again recognised at the end of the century as the best club of the 21st century. It'll offer a new stadium, heritage and be a new source of pride for our members and fans".

The revamp makes the Santiago Bernabéu a more modern, comfortable and safe arena and see it enhanced with the addition of leisure, restaurant and entertainment areas. Technology takes its place at the heart of the project. There is an area within the stadium devoted to e-sports, whilst the arenais fitted out with an impressive 360° scoreboard.

The redevelopment has seen the Santiago Bernabéu become a digital arena, in which technological advances and the use of audio-visual tools will be available across many areas of the stadium. For example, fans are able to enjoy club-generated content that enhances their matchday experience on their mobile phones and tablets, in what is known as the use of a second screen.

The museum has also undergone a massive revamp, which is centred around the Paseo de la Castellana area. The museum has been extended in size and benefits from a new interactive section, set up in the Padre Damián area, featuring the latest virtual-reality technology. The route included within the Tour Bernabéu has also been extended with the launch of a panoramic tour that takes visitors right the way around the stadium's outer rim.

The project will also bring about improvements to the stadium's urban setting, with a large square, of over 20,000 m², to be built on the Paseo de la Castellana, and another measuring 5,500 m² on the corner of Padre Damián, which will see the calle Rafael Salgado become pedestrianised. There will be improvements in terms of security, accessibility and evacuation for all supporters, given that the stadium will be equipped with more entry points. The current shopping centre is set to be demolished and two new towers will be erected on the Castellana, complete with ramps, escalators and lifts. The movement of supporters will also be more fluid, thanks to the instalment of new escalators along the Castellana and Padre Damián which will serve the stadium's highest points.

The shopping provision will be improved with two Real Madrid stores to be opened within the complex. The new stadium will also include the launch of a new shopping experience with digital points of sale offering goods sold by the world's most prestigious electronic and consumer goods brands, turning the public areas into a shop window for the planet's latest products. "The new exploitation model for the stadium will bring in an extra €150 million per season, which will mean a more constant flow of revenue as we bid to maintain our status as on-field and financial leaders", stated Florentino Pérez.

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Capacity: 85,000
Field size: 105 m × 68 m

Broke ground: 27 October 1944
Opened: 14 December 1947
Architect: Manuel Muñoz Monasterio, Luis Alemany Soler, Antonio Lamela
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Capacity: 6,000
Field size: 105m x 68 m

Built: 2006
Opened: 9 May 2006
Architect: Ali Tofighi

On 9 May 2006, the Alfredo Di Stéfano Stadium was inaugurated in the Real Madrid City, where Real Madrid usually trains. The inaugural match was played between Real Madrid and Stade de Reims, a rematch of the 1956 European Cup final. Real Madrid won the match 6–1, with goals from Sergio Ramos, Antonio Cassano (2), Roberto Soldado (2) and José Manuel Jurado. The venue is now part of the Ciudad Real Madrid, the club's training facility located outside Madrid, in Valdebebas. The stadium holds 5,000 people and is Real Madrid Castilla's home ground. It is named after former Real legend Alfredo Di Stéfano. Since 14 June 2020, the stadium is used by the first team to play their remaining 2019–20 La Liga home games due to remodelling works at the Santiago Bernabéu stadium.

The venue is part of the Ciudad Real Madrid, the club's training facilities located outside Madrid in Valdebebas, near Madrid–Barajas Airport. The capacity of the main stand at the west is 4,000 seats, with additional 2,000 seats at the eastern stand, giving the stadium a total capacity of 6,000 seats.

Following the COVID-19 pandemic and to facilitate the ongoing renovations of the Santiago Bernabéu, Real Madrid's senior team moved the rest of their home matches of the 2019–20 season at the Alfredo di Stéfano behind closed doors, starting 14 June 2020 in a 3–1 league win against Eibar.