Palm Jumeirah homeowner denies Obama has bought his mansion

U.S. President Barack Obama (Getty Images)

U.S. President Barack Obama (Getty Images)

The owner of a AED18 million ($4.9 million) mansion on Palm Jumeirah has denied reports claiming the property has been bought US President barack Obama.

Social media was awash with claims this week the American leader had bought a six-bedroom mansion on the Nakheel manmade island.

However, the owner of the property which accompanied the claims has thrown cold water on the rumours.

“I haven’t had that many Americans viewing my property, but I would definitely recognise this American in my house," Tim Boswell, the owner of the home and CEO of the Ocean View Real Estate, was quoted as saying by Gulf News.

“On a serious note, I know that a man of Obama’s stature will send his ‘people’ to view the villa before buying it, but we are not aware of any such leads. My villa has been up for sale since the last six weeks and I can assure you no presidents have viewed it so far,” he added.

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Posted by: John

This is either a publicity stunt or an alarm bell for sellers that scrupulous people are out there to take advantage of their desperation in very troubled real estate market. Really, why would Obama want to buy a villa here, if anything, he would buy a villa in Hawaii or Chicago? There's enough scammers on the Palm without adding more in the real estate market.

Posted by: Ashok Dembla

This is how you sell property....

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