If you’re lucky enough to have $10 million to invest in real estate, you might be wondering where to spend that money. While each city offers its own set of perks, they all come with different price tags and property sizes.
In this post, we’ll compare what you can get for $10 million in four of the world’s most famous cities: Dubai, London, New York, and Paris.
Dubai: The City of Opportunity
In 2025, Dubai’s real estate market is booming. For $10 million (around AED 36.7 million), you can get a lot of space and luxury. Think ultra-modern villas with private beach access or stunning high-rise penthouses that overlook the Dubai skyline. You might also find fully serviced apartments right by the Dubai Mall or near the Dubai Metro.
What’s even better? Dubai has some of the highest rental yields in the world. Expect anywhere from 6% to 8% returns on your investment, which is much higher than in other cities. Plus, there’s no property tax or income tax, which means more money in your pocket. And with the city’s growing population and massive investment in infrastructure (hello, new metro stations!), your $10 million is likely to appreciate over time.
London: A Classic Choice with a Pricey Tag
London is still one of the most prestigious cities in the world, but it comes with a hefty price tag. For $10 million, you can buy a 2- to 3-bedroom apartment in upscale areas like Knightsbridge, Chelsea, or Mayfair. If you’re hoping for a big home, though, you may be disappointed since space is limited.
The rental yields here are lower (around 2–3%), and the cost of ownership, including taxes and fees, can add up. Still, London is a global hub for business and culture, so you’re buying more than just a property — you’re investing in a piece of history and prestige.
New York: Sky-High Prices for Sky-High Living
New York is known for its iconic skyline and luxurious properties, and $10 million will get you a pretty nice spot in the city. With that kind of money, you could own a 3-bedroom condo in a luxury high-rise near Central Park, or even a penthouse in Tribeca or the Upper East Side. Expect access to fancy amenities like gyms, spas, and concierge services.
But, of course, you’ll also be paying for that prime location. Property prices are high, and maintenance fees can eat into your investment. While New York has a strong real estate market, the rental yields are not as impressive as those in Dubai, and the overall space-to-cost ratio is a little on the smaller side.
Paris: Charm and Elegance, but Limited Space
Paris has long been a top choice for those looking for elegance and culture, and $10 million can get you a lovely place in some of the most desirable neighborhoods. You could buy a 2-bedroom apartment in the 7th arrondissement or a historic penthouse with views of the Eiffel Tower. However, space is at a premium, and you won’t get as much square footage as in Dubai or New York.
While Paris’s property market is stable and offers charm, the rental yields are lower, and high transaction costs and taxes might take a bite out of your investment. But if you’re in it for the prestige and cultural significance, Paris is a timeless choice.
Quick Comparison
Here’s a simple look at what $10 million will get you in each city:
Which City Is Right for You?
If you’re all about space, luxury, and high returns on investment, Dubai is the clear winner. For $10 million, you can get a massive, high-end property with great rental yields, all in a city that’s growing fast.
However, if you’re more focused on prestige and being part of a city’s history, London, New York, or Paris might be more your style. These cities offer incredible cultural experiences, but you may have to settle for less space or higher costs.
In the end, it all comes down to what you want in a property. Whether you’re looking for a sprawling villa by the beach or an elegant Parisian apartment with stunning views, $10 million can unlock a lot of options in some of the world’s most iconic cities.
