What $1M buys in housing markets around the world: VIDEO

The price gets you a mere 161 square feet in Monaco

TRD New York /
Apr.April 23, 2014 08:10 PM

When it comes to luxury real estate, a million dollars goes a lot farther in Dubai than it does in Monaco.

According to the latest Wealth Report from real estate consulting firm Knight Frank, Monaco has the most expensive luxury real estate in the world, with $1 million buying just 15 square meters (161 square feet) of prime property — about the size of California’s smallest legal apartment.

In Cape Town, on the other hand, $1 million will buy more than 14 times that much space.

The chart below, via Knight Frank, gives a great visualization of what $1 million buys in various luxury housing markets around the globe.

At the high end of the spectrum, luxury real estate in Monaco costs as much as $6,800 per square foot. In Cape Town, it’s as low as $470 per square foot. See the full range of prices in the table below.


Related Articles

arrow_forward_ios
Berkshire Hathaway CEO Warren Buffett and Dubai (Credit: Wikipedia and Unsplash)

Warren Buffet’s HomeServices to open in Dubai amid international push

Why the Dubai developer behind the Burj Khalifa is launching a digital token

Thanks to oversupply and a slew of regional issues, Dubai is experiencing a big drop in property prices

Dubai’s biggest developer is struggling to win over investors

Dubai’s skyline serves as a haven for the criminal elite

How Monaco deals with a housing shortage: build a $2.4B neighborhood in the sea

Dubai retail sector to expand by 16M sq ft in three years

Caesars casino company inks non-gambling deal in Dubai

arrow_forward_ios