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What $1 million buys you in real estate around the world

Luxury real estate prices are rising globally, with prime properties in 100 markets increasing by 3.2% last year, surpassing the overall growth of mainstream housing prices at 2.9%. • In Monaco, $1 million only purchases 16 square meters, or approximately 172 square feet, making it the most expensive luxury market per square meter in the world. • The Middle East, particularly Dubai, has seen significant luxury real estate growth, with prices increasing by 25% in 2025 and nearly 200% over the past five years.