Gulf royals own more than £1bn of UK property via tax havens

New government register shows how offshore jurisdictions used for ownership of nearly 200 properties including hotels and country estates

mansions and country estates, belong to a few small but super-rich dynasties, according to analysis of a new government register that reveals who is behind offshore companies that own UK property.

The property is owned by a Guernsey-based entity, whose beneficial owners include Abdullah bin Khalid Al Saud, the kingdom’s representative at the United Nations. It was reportedly for sale for £185m in 2020.Another royal, Turki bin Salman Al Saud, is the ninth son of the king and brother to the country’s de facto ruler, Mohammed bin Salman. Turki Al Saud owns a BVI-based company called Moncrieff Holdings, which owns 18 properties in London, including flats in the Pinto Tower in Nine Elms.

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