These billionaire Arabs are everywhere. In August 2012, a Manhattan estate was purchased for $47 million dollars by the Prime Minister of Qatar: Sheikh Hamad bin Jassim bin Jaber al-Thani. In most countries of the world, foreigners are not allowed to purchase property, but that does not seem to be so in New York City.
Location of Sheikh Hamad's New Manhattan Property
This Manhattan townhouse is situated at 22 East 71st Street, in the posh ‘Breakfast at Tiffany’s’ neighbourhood. The seller of the Manhattan townhouse is real estate tycoon Aby Rosen, whose company owns properties like the Seagram Building and Lever House. The townhouse purchased by Sheikh Hamad bin Jassim bin Jaber al-Thani measures 22,000 square feet, and comprises five floors.
Sheikh Hamad of Qatar had reportedly purchased the Manhattan mansion with a huge deal of secrecy, through Tower Management Holdings (an LLC); rather than going to a real estate broker.
Seems America is getting bought off by rich Sheikhs from the Middle-East, who have billions of oil dollars to spend, any where they want. What do you think of the Qatar Sheikh purchasing the Manhattan townhouse property?
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