By Sarah Townsend
Sale is the latest in a string of property deals in the exclusive Mayfair area by investors from the Gulf state
The Qatari royal family has bought one of London’s grandest family homes for over £40 million ($61.9 million), it was reported in the UK.
Qatar’s ruling Al Thani family purchased the six-storey listed Victorian townhouse close to Park Lane from businessman David Meller.
It is the latest in a string of deals by which the Qataris have acquired a chunk of London’s exclusive Mayfair – leading property agents in the capital to dub the area “Little Doha”.
The royal family are also attempting to build a $300 million mega-palace for themselves in London’s Regents Park by knocking together three listed homes, however the local council rejected the plans earlier this year.
One unnamed property expert told the London Evening Standard: “The [Park Lane] house is huge but is just one bit of the jigsaw. It is part of the assembly of a much bigger estate in north-west Mayfair.
“The Al Thani family is looking to build a vast luxury dormitory where you might have an aunt living in one property and a cousin in another.”
It was reported last month that Qatar’s Constellation Hotels had bought a controlling stake in the UK luxury hotel company that owns Claridge’s, the Connaught and The Berkeley hotels. However, a source close to the parties involved told Arabian Business at the time that an agreement had yet to be reached.For all the latest real estate 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.