At an average price per square foot of about $6,620, Monaco now tops the list as the most expensive real estate market in the world, beating out London, where the average price per square foot is $5,792, according to an index compiled by UK property research firm Knight Frank LLP. To give you an idea of how much (or rather how little) bang you get for your buck in the new list-topping tax haven, we’ve assembled a selection of the most expensive properties on the market within the Principality, where your average 1,500 square foot apartment would theoretically run you just under $10 million.

On the high end of the spectrum in our featured properties, listed in descending order from highest to lowest total price, you’ll find a nearly 7,000 square foot townhouse selling for €27.5 million ($38 million), a 3,200 square foot apartment running €26 million ($35.9 million), and a 5,200 square foot penthouse priced at €24 million ($33.1 million).  Pulling up the rear so-to-speak, is a 2,690 square foot villa listed for €10 million ($13.8 million) and a 480 square foot apartment at just over €1.49 million ($2 million). Prices per square foot range from $4,170 to $11,200.

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Despite a flood of new residential development in Dubai, Middle East business business resource AME Info is reporting that real estate prices continue to rise. To give you an idea of how much you’d have to drop to pick up a luxury property in the over-the-top desert oasis in today’s market, we’ve taken Better Homes’ sales index report for some of the priciest villas and flats, and we’ve converted the prices from UAE dirhams to U.S. dollars. Our simplified Dubai price index covers the three most expensive villa communities as well as the three priciest apartment developments tracked in the Better Homes Index according to average sales prices for recent transactions.

As you’ll see in the index above, the priciest pads recently purchased in Dubai are located in The Palm Jumeirah (pictured above the chart), where an apartment went for just over $13 million and a villa sold for close to $9.7 mil. On average, a high-end luxury villa in Dubai will run you more than $2.5 million, and a nice apartment will set you back a more reasonable $1+ million.

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