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

The price gets you a mere 161 square feet in Monaco

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
ONE100 at Palm Jumeirah in Dubai (Image courtesy of Sotheby's)
Dubai’s priciest homes are selling at their fastest pace since 2015
Dubai’s priciest homes are selling at their fastest pace since 2015
The world’s tallest tower, Dubai’s Burj Khalifa, became the centerpiece of an over-the-top gender reveal party for a local influencer couple. (Credit: Anas and Asala Marwah via YouTube)
High above sky, Burj Khalifa light show reveals baby’s gender
High above sky, Burj Khalifa light show reveals baby’s gender
ONE100 at Palm Jumeirah in Dubai (Image courtesy of Sotheby's)
LA-inspired Dubai megamansion hits the market for $33M
LA-inspired Dubai megamansion hits the market for $33M
The Burj Khalifa with Emaar Properties chairman Mohamed Ali Alabbar (Credit: LConstantino via Wikipedia)
Coronavirus spread to Middle East hits UAE’s biggest developer
Coronavirus spread to Middle East hits UAE’s biggest developer
Berkshire Hathaway CEO Warren Buffett and Dubai (Credit: Wikipedia and Unsplash)
Warren Buffet’s HomeServices to open in Dubai amid international push
Warren Buffet’s HomeServices to open in Dubai amid international push
Dubai’s biggest developer is struggling to win over investors
Dubai’s biggest developer is struggling to win over investors
Dubai’s biggest developer is struggling to win over investors
Dubai’s skyline serves as a haven for the criminal elite
Dubai’s skyline serves as a haven for the criminal elite
Dubai’s skyline serves as a haven for the criminal elite
(Credit from back: Pixabay, Sergey Tchernyakov)
How Monaco deals with a housing shortage: build a $2.4B neighborhood in the sea
How Monaco deals with a housing shortage: build a $2.4B neighborhood in the sea
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...