diff --git a/src/qml/Qt6QmlMacros.cmake b/src/qml/Qt6QmlMacros.cmake
index 65059125ae..b46af365b5 100644
--- a/src/qml/Qt6QmlMacros.cmake
+++ b/src/qml/Qt6QmlMacros.cmake
@@ -1828,6 +1828,35 @@ function(_qt_internal_qml_get_symbols_to_keep
     set(${out_var_constructor} "${constructor_content}" PARENT_SCOPE)
 endfunction()
 
+function(_qt_internal_set_qml_target_multi_config_output_directory target output_directory)
+    # In multi-config builds we need to make sure that at least one configuration has the dynamic
+    # plugin that is located next to qmldir file, otherwise QML engine won't be able to load the
+    # plugin.
+    get_cmake_property(is_multi_config GENERATOR_IS_MULTI_CONFIG)
+    if(is_multi_config)
+        # We don't care about static plugins here since, they are linked at build time and
+        # their location doesn't affect the runtime.
+        get_target_property(target_type ${target} TYPE)
+        if(target_type STREQUAL "SHARED_LIBRARY" OR target_type STREQUAL "MODULE_LIBRARY")
+            if(NOT "${output_directory}")
+                set(output_directory "${CMAKE_CURRENT_BINARY_DIR}")
+            endif()
+
+            list(GET CMAKE_CONFIGURATION_TYPES 0 default_config)
+            string(JOIN "" output_directory_with_default_config
+                "$<IF:$<CONFIG:${default_config}>,"
+                    "${output_directory},"
+                    "${output_directory}/$<CONFIG>"
+                ">"
+            )
+            set_target_properties(${target} PROPERTIES
+                RUNTIME_OUTPUT_DIRECTORY "${output_directory_with_default_config}"
+                LIBRARY_OUTPUT_DIRECTORY "${output_directory_with_default_config}"
+            )
+        endif()
+    endif()
+endfunction()
+
 function(qt6_add_qml_plugin target)
     set(args_option
         STATIC
@@ -2106,6 +2135,8 @@ function(qt6_add_qml_plugin target)
         )
     endif()
 
+    _qt_internal_set_qml_target_multi_config_output_directory(${target} "${arg_OUTPUT_DIRECTORY}")
+
     if(NOT arg_NO_GENERATE_PLUGIN_SOURCE)
         set(generated_cpp_file_name_base "${target}_${arg_CLASS_NAME}")
         set(register_types_function_name "qml_register_types_${escaped_uri}")