Assad's uncle washes his hands of some prime Parisian real estate
Rifaat al-Assad (left) and Hafez al-Assad (right) (Source: Wikimedia, public commons)
Click here to add Bashar al-Assad as an alert
Disable alert for Bashar al-Assad,
Click here to add French government as an alert
Disable alert for French government,
Click here to add Hafez as an alert
Disable alert for Hafez,
Click here to add London as an alert
Disable alert for London,
Click here to add Muslim Brotherhood as an alert
Disable alert for Muslim Brotherhood,
Click here to add Paris as an alert
Disable alert for Paris,
Click here to add Rifaat al-Assad as an alert
Disable alert for Rifaat al-Assad
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.”