Wealthy Qataris now own a $1.4 billion chunk of London’s posh Mayfair neighbourhood, with the royal family leading the way.
Most of this investment is concentrated in ‘Qatari Quarter’ on the Northwest side of Mayfair, bordering Park Lane and Hyde Park. According to real estate consultancy Rokstone, this enclave is centred around the $285 million Dudley House on Park Lane, the London home of Sheikh Hamad bin Abdullah Al Thani, the cousin of Qatar’s ruling Emir.
Meanwhile, on nearby Green Street, the $57 million former Brazilian Embassy is reported to have been purchased by Sheikha Mozah bint Nasser Al Missned, the mother of the current Emir, Sheikh Tamim bin Hamad Al Thani.
The ruling family are also believed to own a $57 million townhouse on Mount Street; an $18.6 million house on Park Street; a $17 million townhouse on Davies Street; and the $257 million Lombard House on Curzon Street.