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Qatar's HBJ Considers £370 Million Sale of High-End London Properties

  • Publish date: Monday، 21 August 2023
Qatar's HBJ Considers £370 Million Sale of High-End London Properties

Sheikh Hamad bin Jassim bin Jaber Al Thani, the former Prime Minister of Qatar, is rumored to be contemplating the sale of his two lavish London residences for a combined asking price of £370 million.

The sale includes a penthouse in One Hyde Park for £220 million and a property on Belgrave Square for £150 million.

The reported interest of Sheikh Hamad's possible property sale comes as London's prime property market is experiencing a slowdown. Sales of homes worth £5 million or more fell by 26% in July compared to the same period last year, and the number of such deals collapsing rose by 15% between January and July.

The proposed sale of Sheikh Hamad's London properties could be a sign of weakening confidence in the UK's luxury housing market. Earlier this year, London's most valuable house, The Holme, was listed for £300 million. If it sells at the expected price, it would set a new record for the largest property transaction in the UK.

The secretive nature of London’s ultra-prime housing market enables agents to approach potential buyers through private channels, frequently using WhatsApp.

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