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If you have plenty of wealth (or dream of getting there one day) and are looking to rub shoulders with some of the richest people on the planet, you better be prepared to put your wallet where your mouth is.
There are certain cities around the world where most of the rich folks reside, given their staggeringly high prices and environment.
If you are looking to resettle at one of the most luxurious neighborhoods on Earth, you’ve come to the right place.
When it comes to the favorite destinations of the super-rich, Monaco leads the way, with Hong Kong, New York and London closely following behind.
According to Knight Frank’s Wealth Report 2018, these are destinations with some of the most prohibitively expensive properties worldwide.
Note: The figures below indicate the amount of prime property you could buy for US $1 million (in square meters) in selected cities.
You can buy only 16 square meters of residential property for 1 million USD in Monaco!
Here’s the complete list:
- Monaco – 16Â m2
- Hong Kong – 22Â m2
- New York – 25Â m2
- London – 28 m2
- Singapore – 39Â m2
- Geneva – 41Â m2
- Paris – 46Â m2
- Sydney – 48Â m2
- Shanghai – 54Â m2
- Los Angeles – 58Â m2
- Beijing – 66Â m2
- Tokyo – 76Â m2
- Berlin – 77Â m2
- Miami – 78Â m2
- Melbourne – 90Â m2
- Mumbai – 92Â m2
- Istanbul – 98Â m2
- Dubai – 138Â m2
- Cape Town – 157Â m2
- São Paulo – 173 m2
Going by these figures, Dubai and Mumbai are also among the most luxurious destinations where the nouveau riche live. For $1 million, you can get your hands on 92 m2Â worth of prime property in Mumbai and about 138 m2Â for the same amount in Dubai. Its an interesting contrast if you think in terms of how affluent the two cities are by comparison.
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If you are looking to get the most bang (or at least space) for your bucks, São Paulo, Brazil seems to be the best option, offering 173 m2  of prime real estate for $1 million.
Now that you know which are the most luxurious cities in the world and how many swimming pools you can cram inside the property you buy for $1 million, what seems like your dream destination to retire to?
Source: Statista
puri duniya ki fiqar hai pakistan ka kuch pata nahi
wellsaid brother , this is one of root causes of pakistan current image in world…. our own people so careless and shortsighted….
You can’t even buy a 450SqM house in F sector of Islamabad either… Or can you even buy a plot of approx 100SqM in Blue Area, Gulberg or Mall Road Lhr or similar area in any metro city??? Dear this is a very subjective topic… Property in Pakistan is a lot more costly as compared to most places in the world.
E.g, one can buy a very nice house of above 1 kanal in a posh area of Canada, USA under 3 crore pkr. You can’t even think of buying a 10marla old bhoot bangla in Islamabad in the same price. Property rates in Pakistan are already over inflated that too on fake grounds.
bas kar do….. 12 crore ka islmabad mei buhat achi jaga pe aaram se 10 marla aa jat hai
kanal bhi aa jaye
3 crore ki bat ki k 10 marla ka acha gher nai mily ga…. Can you buy one in G-8 leave apart F sector??