How much space can you rent with a $10,000 budget in prime properties across the world?

SourceThe National
SectorReal Estate

Hong Kong is the most expensive city to rent a prime property with a monthly budget of $10,000, while Dubai and the Spanish capital Madrid offer residential tenants most value for money with bigger apartments, according to a Knight Frank study.

Despite pandemic-driven headwinds and political uncertainty, prime rents in Hong Kong averaged $6.70 per square foot at the end of 2020, allowing a tenant with a budget of $10,000 per month to rent units with under 1,500 square feet, the property consultancy said in a research note on Monday.

The global comparison is based on a three-bedroom apartment in a central location, but more...