Millionaires’ preferences for housing, employment, and investments have changed significantly during the past ten years. We have identified the cities that have had a notable increase in wealth; over the last ten years, the number of millionaires in several of these cities has more than doubled.
These new wealth centers have a lot in common, including great infrastructure, prime geographic positions, and, most importantly, government policies that welcome people and capital from throughout the world.
Recognizing these emerging centers in our increasingly globalized world offers significant strategic advantages to wealthy persons seeking both financial growth and lifestyle improvements. Due to the growing need for both residential and commercial infrastructure, the real estate industry is always growing. But not all places experience development, growth, and expansion at the same rate.
In this blog we have highlighted the fast-growing property markets in famous cities around the world.
Dubai, UAE
Following years of meticulous planning and building, Dubai is now unquestionably the most prestigious wealth destination in the Middle East.
The city continuously attracts an increasing number of affluent citizens from a variety of places, such as China, Russia, India, the UK, the Middle East, and African countries. About 6,700 migrant millionaires made Dubai their new home during 2024, making it the most popular destination for affluent immigrants worldwide.
Compared to nearby options, Dubai’s winning strategy combines top developers such as Emaar and Sobha Realty, cheap taxes, top-notch physical infrastructure, sophisticated financial institutions, and improved security measures.
Because of these competitive advantages, Dubai might eventually surpass well-known cities like London and Paris to become the most affluent metropolitan area in both Europe and the Middle East by 2045.
Lisbon, Portugal
Lisbon, one of the most alluring capitals in Western Europe, solidified its standing as a popular travel destination.
The capital of Portugal is considered a good place to invest in real estate due to its high standard of living, state-of-the-art medical and educational facilities, great neighborhood, and high return on investment.
In order to expand their portfolios and get a good return on investment, foreign investors look to Lisbon for real estate investments. Compared to other European cities, this city attracts investment since it provides a variety of reasonably priced investment alternatives.
Hangzhou, China
Hangzhou, often hailed as one of China’s most aesthetically spectacular cities, blends state-of-the-art technology with natural beauty. Rich Chinese families looking for high-end housing options are drawn to the distinctive buildings and landscaping.
Prominent companies with headquarters here include digital services provider NetEase, financial technology pioneer Ant Group, and commerce giant Alibaba Group. Recent local operations by the up-and-coming artificial intelligence firm DeepSeek have strengthened the city’s standing as a technologically superior city.
Monaco, Western Europe
Extremely wealthy foreigners from Britain, Africa, eastern Europe, and the Middle East frequently settle in this little Mediterranean coastal state. Since only those with financial resources above USD 30 million can afford residences here, geographic restrictions and the ensuing high real estate prices inherently restrict the number of newcomers.
Moreover, 40% of the people living in Monaco are millionaires, making it the country with the densest concentration of wealth in the world. It is also among the priciest cities in the world, with average residential prices exceeding USD 38,000 per square meter.
Berlin, Germany
The capital of the wealthiest nation in Europe is Berlin. It is also among the cities with the most dynamic cultures. Berlin’s industrial setting adds to its allure. This city’s real estate market is booming as well, opening doors for investors.
There is a significant gap between the supply and demand for homes. This distinction highlights the necessity of creating fresh initiatives.
There is a severe shortage of apartments in Berlin, where the vacancy rate is less than 2%. The increasing demand for residential units necessitates significant infrastructure expansion.
Due to its real estate potential and offerings, as well as the availability of low interest rates, investors also favor investing here. Additionally, if a property is sold in Berlin after ten years, there is no capital gain tax.
Amsterdem, Netherlands
The people of Amsterdam are diverse, and the city is lively. In addition to providing a wealth of job opportunities, this economic center provides its citizens with a high standard of living.
People from all over the world are drawn to it by its abundance of amenities and high standard of living, which increases demand for housing and other infrastructure. This city’s real estate market is thought to be a respectable location for investments, income generation, and portfolio building.
This is a very lucrative rental market. In order to make money, those looking for real estate investment prospects can also take a look at Amsterdam, particularly its rental market. Its openness to foreign investors and business-friendly atmosphere make it more appealing.
Sydney, Australia
Sydney has traditionally been regarded as one of the top locations for real estate investment when it comes to financial growth or wealth accumulation. Investors can expect reliable and safe profits in this city.
Professionals and students from all around the world come to this global city. It has a steady stream of people looking for rental houses, which expands this real estate market and draws in investment.
Sydney offers a modern lifestyle and is a sophisticated, stunning, and unique city. Its upscale amenities, development standards, and business-friendly atmosphere all contribute to its allure and interest, drawing in international real estate investors to take advantage of its market.
Take your pick!
One of the greatest investments is real estate. It creates long-term value growth, diversifies investors’ investment portfolios, extends inflation hedges, and produces passive income in the form of rental income. To choose the ideal location for real estate investment, one must take into account variables like the value of the global real estate market, the size of the market by nation, and the top real estate markets worldwide.
Cities such as Dubai, Sydney, and others are deemed some of the best places to consider for real estate investment because of their extended real estate market, appreciation potential, and growth prospects.
