Mayfair is an exclusive area of central London in the City of Westminster. Bordered by Hyde Park to the west, Oxford Street to the north, Pall Mall and Green Park to the south and Regent Street to the east, Mayfair contains some of London's most exclusive luxury hotels, restaurants, shops, members' clubs and private residences. Property prices in this area are among the highest in London and the world - which adds to the area's exclusive feel. Important buildings in Mayfair include the Royal Academy of Arts, the Grosvenor House Hotel, Claridge's, The Dorchester and the US Embassy in Grosvenor Square. Mayfair has also become an attractive location away from the City for private banks, hedge funds and wealth managers, boasting designer shops and art galleries of Old Bond Street, New Bond Street, Savile Row and Conduit Street.