Qatari consulate-linked entity pays $28M for Beverly Hills mansion

The luxury property sits on a 39K sf lot at Laurel Way

Los Angeles /
Apr.April 01, 2019 12:00 PM
Meshal Hamad Al Thani, the ambassador of the State of Qatar to the U.S. and 1006 Laurel Way (Credit: Getty Images and Zillow)
Meshal Hamad Al Thani, the ambassador of the State of Qatar to the U.S. and 1006 Laurel Way (Credit: Getty Images and Zillow)

An entity tied to the Consulate General of Qatar has paid $27.5 million for a newly-built mansion in Beverly Hills, The Real Deal has learned. The sale price was 20 percent less than what the estate was initially listed.

Developers John Safi of Safco Capital Corporation and Kamran Gharibian sold the home on Laurel Way, deed records show. They also built the estate in 2017, which appears to have been developed on spec.

Safi declined to comment. The consulate general’s office, on Rodeo Drive, could not be reached.

Spanning 17,400 square feet, the two-story home features six bedrooms and 10 bathrooms. Amenities include a movie theater, wine cellar, gym and wood-paneled library.

Outside, a putting green, circular swimming pool with spa and expansive patio space are included in the 39,000-square-foot lot.

The property first listed for sale in January 2017 for $35 million, records show. It then became available as a rental for $125,000 per month last summer.

The sellers, acting behind LLCs, paid $6.5 million to acquire the land in December 2012, records show.

Also in Beverly Hills, the founder of a Chinese media company has listed his home for $32 million. The so-called ‘Upside Down’ house was designed by L.A. architect Noah Walker, and sits on a 3.5-acre property.


Related Articles

arrow_forward_ios
$49.5M price tag on curvilinear compound in Palm Desert
$49.5M price tag on curvilinear compound in Palm Desert
$49.5M price tag on curvilinear compound in Palm Desert
The Bel-Air estate (Google Maps)
Thomson media heiress lists 1920s estate for $43M
Thomson media heiress lists 1920s estate for $43M
New reality for Girardi, Jayne: ask on Pasadena estate drops to $8.2M
New reality for Girardi, Jayne: ask on Pasadena estate drops to $8.2M
New reality for Girardi, Jayne: ask on Pasadena estate drops to $8.2M
Scooter Braun asks $24M for John Travolta’s former Brentwood estate
Scooter Braun asks $24M for John Travolta’s former Brentwood estate
Scooter Braun asks $24M for John Travolta’s former Brentwood estate
Bird founder looks set to fly from glassy Bel Air mansion
Bird founder looks set to fly from glassy Bel Air mansion
Bird founder looks set to fly from glassy Bel Air mansion
12740 Hanover Street  and Norman Lear (Redfin, Getty)
Brentwood enclave once owned by Norman Lear lists for $25M
Brentwood enclave once owned by Norman Lear lists for $25M
Joel Silver and his property (Getty, Williams & Williams Estates Group)
Joel Silver relists Legorreta-designed Brentwood mansion for $75M
Joel Silver relists Legorreta-designed Brentwood mansion for $75M
Patrick Whitesell and the property (Getty, Redfin via Kurt Rappaport)
Hollywood heavy hitter asks $22M for Beverly Hills Post Office home
Hollywood heavy hitter asks $22M for Beverly Hills Post Office home
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...