Up-and-coming cities for the rich

Published on 6/6/2014 - By: CNN Money

Forget New York, London and Hong Kong. These 12 cities should give wealthy real estate investors the best returns over the next few years, according to Savills, Candy & Candy, and Deutsche Asset & Wealth Management.

#1: BEIRUT, Lebanon
Despite its violent history, Beirut stands out as being an ideal place for adventurous real estate investors, according to a new report from Savills World Research, Candy & Candy and Deutsche Asset & Wealth Management.

Yes, there has been some recent spillover from the ongoing Syrian conflict. But the Mediterranean coastal city is known for its culture and nightlife, which attracts a young population, said Yolande Barnes, director at Savills World Research. It's also known as a regional financial hub.

"Real estate in the city still looks very cheap by international standards," said Barnes.

Prices for two-bedroom apartments tend to range from $180,000 to $500,000, depending on the location.

#2: CAPE TOWN, South Africa

#3: CHENNAI, India

#4: Chicago, USA

#5: DUBLIN, Ireland

#6: ISTANBUL, Turkey

#7: JAKARTA, Indonesia

#8: LAGOS, Nigeria

#9: MELBOURNE, Australia

#10: MIAMI, USA

To read the full article, click on the following link: http://money.cnn.com/gallery/luxury/2014/06/01/rich-real-estate-cities/