Desperate House Strife: Assad’s uncle sells Paris mansion for €70m
Rifaat al-Assad’s lavish mansion had been on the market for €100 million and sold it for only €70 million. (Al Arabiya)
Al Arabiya
Fearing his lavish mansion could be seized by police, an uncle of
Syrian President Bashar al-Assad reportedly sold it for lower than the
market price.
Rifaat al-Assad’s mansion had been on the market for €100 million and sold it for only €70 million, the Britain-based Telegraph reported on Tuesday.
The seven-story home is near one of Paris’s most desirable
stretches of real estate, overlooking the Arc de Triomphe. The buyer of
the house is believed to be a Russian billionaire, the newspaper
reported.
“The 12,000ft property, which has its own underground swimming pool and sports hall, had been on sale for the past year at €100 million, but three weeks ago he cut the price by 30 per cent and accepted €70 million,” reported The Telegraph, adding that Rifaat is believed to have made a multi-million pound profit by selling the building at 38 Avenue Foch.
Rifaat al-Assad, Syria’s former vice president, also owns properties elsewhere in Paris and other cities abroad, including a £10 million Georgian mansion in London, according to The Telegraph.
“He is thought to be selling up in France, where he also owns a
country estate with stables, another Parisian mansion and dozens of
flats, due to concerns the French government is trying to clean-up its
image,” the newspaper reported, in reference to recent court decisions
to seize properties belonging to controversial figures.
Rifaat al-Assad has been living in exile since his failed attempt to seize power from his brother, Hafez, in 1983.
In February 1982, he led a military assault on Hama to quash the Muslim Brotherhood. The death toll from the violence was estimated between 10,000 and 25,000, earning him the nickname “The Butcher of Hama.”
Rifaat al-Assad’s mansion had been on the market for €100 million and sold it for only €70 million, the Britain-based Telegraph reported on Tuesday.
Rifaat al-Assad’s mansion had been on the market for €100 million. (Photo courtesy: DR)
“The 12,000ft property, which has its own underground swimming pool and sports hall, had been on sale for the past year at €100 million, but three weeks ago he cut the price by 30 per cent and accepted €70 million,” reported The Telegraph, adding that Rifaat is believed to have made a multi-million pound profit by selling the building at 38 Avenue Foch.
Rifaat al-Assad, Syria’s former vice president, also owns properties elsewhere in Paris and other cities abroad, including a £10 million Georgian mansion in London, according to The Telegraph.
Rifaat al-Assad, left, with his older brother Hafez at a military ceremony in Damascus in 1984. (File photo: AFP)
Rifaat al-Assad has been living in exile since his failed attempt to seize power from his brother, Hafez, in 1983.
In February 1982, he led a military assault on Hama to quash the Muslim Brotherhood. The death toll from the violence was estimated between 10,000 and 25,000, earning him the nickname “The Butcher of Hama.”
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