Mumbai homebuyers eyeing premium addresses might have to pay, the price tag is getting a little heavier, with the city ranking eighth globally. Your Mumbai dream just got a little more expensive. Prime residential property prices in the city rose 6.2 per cent from a year ago in the June quarter, putting Mumbai eighth among 46 global cities tracked by Knight Frank for prime home price growth.For consumers looking at premium housing, Mumbai’s latest price movement stands out against the broader global market. Prime residential prices across the cities tracked by Knight Frank rose 2.6 per cent annually between April and June, with 32 cities recording an increase.Among the three Indian cities in the ranking, Mumbai saw the highest annual appreciation. Bengaluru recorded a 4.5 per cent rise and was placed 12th globally, while New Delhi saw prices increase 3.9 per cent, ranking 17th.The global list was led by Tokyo, where prime residential prices surged 50.7 per cent annually. Manila followed with a 14.6 per cent rise, while Dubai recorded 10.9 per cent. Singapore and Nairobi completed the top five, with annual increases of 9.5 per cent and 8.5 per cent, respectively.Christchurch ranked sixth after recording a 6.9 per cent appreciation, followed by Seoul at seventh with a 6.4 per cent increase. Mumbai came next with its 6.2 per cent rise.Vienna, with a 5.9 per cent increase, ranked ninth, while San Francisco was 10th after recording 5 per cent growth.Shishir Baijal, Chairman and Managing Director of Knight Frank India, said, “Mumbai’s position among the top 10 global prime residential market is significant because it comes against a more measured pace of global price growth.”The city’s 6.2 per cent annual growth reflects the depth of demand at the top end of the market, where location, quality, and differentiated residential offerings continue to support values, he added.“For investors and buyers, this reinforces Mumbai’s position as a market where prime residential assets remain closely linked to long-term wealth creation and limited supply,” Baijal said.The longer-term movement has also been notable. Jason Samuel, Managing Director of Mumbai-based realtor House of Swamiraj, said prices have risen by 41 per cent in the last five years, reflecting the resilience of Mumbai’s premium housing market.“Buyers today are becoming far more discerning. They are placing greater value on location, connectivity, thoughtful design, lifestyle and the long-term quality of the asset. For developers, this is both an opportunity and a responsibility,” he added.