Azerbaijan President's son who was twelve years recent has become a multimillionaire within the property by getting variety of luxurious mansion valued at Rp 410 billion on the seashore of Dubai.
Heydar Aliyev's son Ilham Aliyev who became president of oil-rich Azerbaijan, is speculated to have spent nearly forty four million U.S. bucks to shop for 9 waterfront mansion within the southern Gulf United Arab Emirates earlier this year. Washington Post, Friday, reported the boy, who was then still eleven years recent, bought property in Palm Jumeirah.
Heydar name and date of birth showing on the Dubai Land Department records, obtained by the newspaper. Details are listed in property records a similar as belonging to the previous President of the Soviet Union, the salary per year of around 228.000 U.S. dollars.
Value of the boy spending a similar ten,000-year salary average price of the country's population.
Sources within the property business who recognize the deal told the Washington Post that the acquisition was created by a buyer who represents the ruling families is Azerbaijan with property developers. it's unclear whether or not the boy was given the property as a present or how he might do the event, when officers in Baku, the capital of the country, refused to investigate the case.
"I haven't any comment whatsoever. I stop this conversation. Goodbye, "said Azer Gasimov, the presidential spokesman, told the Washington Post, when contacted for questioning.
The paper said, variety of Dubai property speculated to are employed by the youngsters of the family or the those that named a similar with them. At present, the paper said, the property price of presidential youngsters have reached seventy five million U.S. bucks when an acquisition is formed of her daughter.
Azerbaijan, that became an freelance country following the collapse of the Soviet Union in 1991, has massive oil resources. The country is sort of led by a similar family. The President who currently continue the reign of his father, Heydar Aliyev, who was president from 1993 till his death in 2003.
Dubai's luxury assets standard with the elderly millionaire. The British soccer players and celebrities at the highest conjointly incorporates a home-made island in Dubai that. Island off the monitor Dubai has become an emblem of Dubai's luxury name.
