An unnamed wealthy Saudi buyer, believed to a member of the royal family, has bought two mansions in Los Angeles and plans to combine the two homes into one larger compound, according to the media reports in the United States.
The Wall Street Journal reported that the larger of the two homes, a seven-bedroom, 20,000 square feet mansion, sold for $45 million, ranking it as the most expensive home sold in California so far this year.
The second home, a four-bedroom, 4,300-square-foot home sold for $7.2 million and will reportedly be used to house the buyer’s staff.
The two homes, located in the Bentley Circle area of Bel Air, will be combined into one larger 1.7-acre compound.
The larger house was previously owned by diamond manufacturer Rafael Zakaria
While the buyer has been identified as a Saudi male, the Variety website said the homes were purchased by a Pasadena-based tax attorney known to work for the Saudi royal family.
The real estate brokers listed as working on the sales include Rayni Williams and Branden Williams of Hilton & Hyland and Aaron Kirman of Compass.
When approached by Arabian Business for comment, Williams said she could not confirm or deny anything.For all the latest business news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
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