A luxury detached home in the exclusive Kensington area of London is expected to be sold for around $34 million (£27 million) as part of bankruptcy proceedings. The property, located a short walk from Hyde Park, is registered in the name of Khalifa Bin Butti Al Muhairi – the former Vice Chairman of the UAE-based NMC Health Plc. The hospital operator, listed in London, collapsed in 2020 amid fraud allegations, leading to a series of investigations and lawsuits. Al Muhairi filed for bankruptcy in a court in Abu Dhabi a year later. His bankruptcy filing has led to the appointment of judicial guardians to sell his home in Queens Gate, along with a second property valued at approximately $520,000. Mortgages worth over $22 million are linked to the two homes, according to court filings quoted by Bloomberg and reviewed by Al Arabiya Business.
Al Muhairi's former house, which reportedly features a swimming pool and spa, is situated in one of London’s most desirable areas. Kensington accounted for 11% of all transactions over £5 million across the city last year, according to brokerage firm Savills Plc. The judicial guardians appointed to sell Al Muhairi’s homes are also investigating a third house owned by former NMC shareholder Saeed Mohammed Butti Mohammed Al Qubaisi.
