Real Estate
UAE Leader Buys £65 Million Mansion in London’s Chelsea District
- MBZ bought one of priciest homes sold in London over past year
- UK capital’s high-end property market is relatively buoyant
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United Arab Emirates President Sheikh Mohammed bin Zayed Al Nahyan has bought a mansion in Chelsea, one of London’s most expensive home deals in recent years.
A company tied to the UAE leader spent £65 million ($81.7 million) on the west London mansion in November, according to UK filings. The property was built in the 2000s when a group of businessmen developed three mansions on the site of a former telephone exchange.