$1 million Houses around the world

A million-dollar home sounds like a major luxury. But $1 million buys something vastly different in cities around the world. In New York City, for example, where the median home sale price is $1.2 million, a million bucks buys a decent one-bedroom apartment. In Buenos Aires, on the other hand, it buys a four-bedroom pad in a fancy neighborhood.

Dubai

In Dubai, $1.09 million gets a two-bedroom apartment with 1,900 square feet and an ocean view.

Price: $1,088,954 (4 million AED)

Sydney

In Sydney, $1 million buys a 990-square-foot apartment steps away from the Royal Botanic Gardens. Features include high ceilings, a communal roof terrace with harbor views, and a grand entrance foyer.

Price: $1,009,543 ($1,075,000 AUD)

Tokyo

In Tokyo, $1.05 million buys a 1,357-square-foot, multilevel home described as "a modern and open detached house with an open ceiling space."

Price: $1,050,000 (¥105,000,000)

London

In London, $993,600 gets a three-bedroom, three-bathroom, 909-square-foot apartment with a balcony.

Price: $993,601 (580,000 pounds)

São Paulo

In São Paulo, $1.1 million gets a five-bedroom, six-bathroom home on a tree-lined street. The 4,090-square-foot house has a pool and fireplace.

Price: $1,127,500 (2,495,012 BRL)

In Capetown, $981,000 buys a 10,000-square-foot, five-bedroom mountainside home with a bar and private theater.

Price: $981,510 U.S. (10,500,000 R)