Sheikh Hamad bin Jassim bin Jaber Al Thani, a prominent Qatari royal known for his extensive investments, is contemplating the sale of two luxurious properties in London’s elite Knightsbridge district. The combined asking price for these properties is £370 million.

The first property, a triplex penthouse in the renowned One Hyde Park project, is expected to be listed for around £220 million. The second, located at Belgrave Square, is estimated at £150 million. However, insiders have noted that Sheikh Hamad may choose not to sell if the offers do not meet his expectations.

Sheikh Hamad, who once led the Qatar Investment Authority and served as the emirate’s prime minister, is a key figure in Middle Eastern investment. He holds significant stakes in Deutsche Bank AG, Glencore Plc, Barclays Plc, and Harrods. His influence in London’s real estate market has been so profound that he was once referred to as the “man who bought London” by British media.

The potential sale comes after Sheikh Hamad’s recent acquisition and renovation of Forbes House, situated near Buckingham Palace. The sale process is likely to be discreet, as is typical in London’s ultra-prime housing market, where agents often communicate with potential buyers through private networks.

London’s luxury housing market has faced challenges this year, with a 15% increase in the collapse of deals over £5 million between January and July, compared to the same period last year. However, the market for the most expensive homes appears resilient, with 17% of ultra-high-net-worth individuals purchasing at least one home last year.

Savills Plc, a luxury estate agent, is reportedly working with Sheikh Hamad on the potential sale of both properties. The penthouse at Hyde Park was developed by Sheikh Hamad in collaboration with CPC Group, owned by Christian Candy. Becky Fatemi, the founder of Rokstone, is also said to be assisting with the sale of the Belgrave Square property.