Qatari Royals On London Spending Spree | CNBC

it's the royal family buying up some of London's most prestigious and expensive homes and Queen Elizabeth isn't its matriarch instead it's the qari royal family who are on a spending spree in the capital shik hammad bin Khalifa altani and his family have just purchased a 10,000 square ft six-story Mansion according to reports in London's evening Standard newspaper price tag for the mansion in Mayfair a cool $62 million it's the latest in a string of high-profile purchases by the altani family the qari Royals also own Dudley house around the corner at 100 Park Lane the home is more than 47,000 Square ft with 17 bedrooms and a 50t ballroom today it's valued at over $400 million the althani family who calls Queen Elizabeth a friend also own own two other large mansions on neighboring Park Street and Davy Street apart from the qari royals themselves the country's Sovereign wealth fund owns large commercial properties in the city they bought up the US Embassy building in groer square the Chelsea Barracks Canary Warf as well as the tallest building in the country The Shard katar's consolation hotels group also have control over the famous conut Berkeley and clarigent is no word on whether any offers have been made for Buckingham Palace just yet Phil Han CNBC London hey YouTube fans I'm Landon Downey from CNBC thanks so much for checking out our channel here you'll find videos packed with all the info that you need to be smarter about your finances be sure and subscribe by clicking right here and click on all the videos around me to see cnbc's original series Young Money techb Kramer's mad money and all the latest from CNB DC