Mumbai among World's 20 Most Expensive Cities for Luxury Rentals

10) Rio de Janeiro, Brazil

Worldwide rank: 10

Rio de Janeiro is one of the most popular cities in Brazil. The city stands at 10th position in the list. Average rental amount per mount for a 3-bedroom luxury apartment in Rio de Janeiro is $5067 which is around 2,71,945. Rio de Janeiro is a tourist spot that attracts people from all over the world. Beside its magnificent beauty, Rio de Janeiro is an expensive real estate market under luxury option.

11) Shanghai, China

Worldwide rank: 11

World’s most populated city Shanghai is one of the most expensive locations for property investment. Rental price for a 3-bedroom luxury apartment in Shanghai costs $4859 which is around 2,60,685 per month. Moreover, Xintiandi is the most preferred location for luxury properties in Shanghai due to its close proximity to developed infrastructure. However, Xintiandi is a well developed location that houses over 2000 homes and maximum of such homes are high-rise apartments.

Also Read: 15 Best Locations to Buy Home in India in 2013