New York, London and Moscow most expensive cities in the world for luxury rental properties

New York, London and Moscow lead the Knight Frank index for commanding the highest luxury rents in the world.

According to the estate agent's Prime Global Rental Index, a typical two bedroom apartment in New York's Manhattan comes in around $8,000-$8,500 per month.

Meanwhile, the wealthy would be expected to stump up around $6,500-$8,000 on average per month in central London and between $6,000 and $7,000 in Moscow.

However, Dubai holds the top spot for the biggest rise in luxury rental prices for the second consecutive quarter after recording a 12.4% increase year-on-year.

Tokyo has seen the price of rent rise by 9.8%, while New York experienced increases of 7.9%.