Subtle grandeur may sound like a contradiction in terms, but it is perhaps the only way to describe a six-bedroom Mayfair mansion that has newly arrived on the London property market.
It is one of only two mansions on prestigious Park Lane, the boulevard that runs from Marble Arch to Hyde Park Corner and is home to the Dorchester Hotel on one side and the 350 acres of Hyde Park on the other.
The mansion, on the market for £42.5 million, is less than a mile from Buckingham Palace and the luxury wares in Harrods and the shops of Bond Street.
Walking into this discreet property, the grandeur is palpable, but so too is the subtlety through which it has been achieved.
It feels like a larger English country estate, which makes sense since much of the interior design was carried out by William Henry Romaine-Walker, who also worked on Chatsworth House, the family seat of the Duke of Devonshire.
The Park Lane mansion was built in 1858 by Thomas Cundy the younger, under the auspices of the 2nd Marquess of Westminster.
The first owner was City financier Sir Thomas Hare, then between 1876 to 1902 it was the London home of Frederick Hervey, the 3rd Marquess of Bristol.
In 1902, the multimillionaire art dealer Henry Joseph Duveen bought the mansion. He was a co-owner of the Duveen Brothers Art Dealership, whose clients included William Randolph Hearst, JP Morgan, John D Rockefeller and Andrew Mellon.
“It has a lot of wall space, so it’s ideal for an art lover,” said Peter Wetherell, founder and chairman of Wetherell, which is the joint sole agent with Sotheby’s International Realty UK for the mansion's sale.
Subtle grandeur
The entrance hall gives an initial taste of the character that spreads throughout 11,000 square feet of luxurious accommodation.
In the early part of the 20th century, Mr Romaine-Walker designed the lobby in the French Empire style with a marble staircase, wall mouldings, ceiling cornicing and a Baccarat crystal chandelier.
A Noir Saint Laurent marble guest powder room and a study/library with a Rouge Languedoc marble fireplace and cherry wood panelling complete the ground floor, together with a dining room that houses a Bianco Carrara marble fireplace and French doors that open on to the garden terrace.
The grandeur of the ground floor flows effortlessly to the first floor, with its spectacular main reception room, complete with Regency marble fireplace and a balcony overlooking Hyde Park.
There is a further reception room on this floor, which has a bar with a Macassar ebony veneer finish and bespoke cherry wood and glass display cabinets, all illuminated by another Baccarat crystal chandelier.
“All the receptions rooms are located in the right places,” Mr Wetherell told The National.
“You have a central staircase which is very grand, but doesn’t take up too much room, and off that flows a reception [room] at the front and one at the rear.
“So, with the four reception rooms – also because it’s end-of-terrace – it’s very light, it’s very bright and it’s great for entertaining.”
Altogether, the reception space is large enough to entertain 150 guests a time, quite the feat for any private residence in Mayfair.
Elegant living
The principal bedroom suite spreads across the entire second floor, made up of the main bedroom with an Arabescato Corchia marble fireplace, twin walk-in dressing rooms lined with wardrobes and a main bathroom clad in Rosso Levanto marble.
“If you can have a principle bedroom which has enough room comfortably for a sofa and desk within it, that’s elegant living,” Mr Wetherell told The National.
The bathroom itself is the epitome of luxury with built-in wall mirrors and wall lights, Aquavision TV, a hydrotherapy bath with turbojets and chromotherapy and a steam shower with body jets.
Two further bedroom suites, both with balconies and en suite bathrooms, are on the floor above, while the top floor houses a penthouse bedroom suite with a 4.48-metre high vaulted ceiling, traditional and skylight windows and an en suite bathroom clad in Rosa Tea marble.
Plus, there are another two bedrooms and a Crema Marfil marble shower room.
The mansion has planning permission for a roof terrace which would create another living space above the top floor.
“We could go up the additional floor, bring the skylight one floor higher and you would have views over Hyde Park which would be absolutely stunning,” Mr Wetherall said.
Going underground
The four storeys above ground are impressive enough, but there's much more below ground.
The underground space is a unique selling point, mainly because planning permission for new underground projects is increasingly rare in the City of Westminster and the Royal Borough of Kensington and Chelsea.
“They’ve literally dug out two extra floors,” said Mr Wetherall.
“There was a fashion for these double-basement dig-outs, but politically they got very unpopular and so nowadays it’s extremely difficult, if not impossible, to get double basements any more. So, it is one of the unique features.”
It's on these lower-ground and basement floors that the traditional grandeur of the upper floors glides seamlessly into modern luxury.
The lower-ground floor has a plush cinema room, a family dining room and a modern Boffi kitchen with Gaggenau appliances, including four ovens and a barbecue range.
This floor also includes a massage room, juice bar, temperature controlled wine cellars, a shower room, a guest cloakroom, as well as a staff suite with two bedrooms and a separate utility room.
The end of the lower-ground floor opens up to a double-height atrium with a glass roof which floods the basement gymnasium with light.
Descending the stairs into the gym, electronic double doors reveal what is probably the finest swimming pool in a private home in Mayfair.
The 15-metre pool area has Filetto Light Italian marble floors and walls, columns in Armani Brown marble and waterfalls.
The mosaic-lined pool has underwater and ceiling speakers. There is also a separate Jacuzzi spa, a thermo-treated Aspen wood sauna with mood lighting, a marble steam room and a changing room.
“With the swimming pool and the spa and so on, these two extra floors are really the icing on the cake, bringing this house into the modern world from when it was originally built in the 1850s,” Mr Wetherell said.
Another modern touch in this traditional mansion is its Crestron controlled integrated home entertainment system, which can run everything from the TVs to the heating, from the electric doors and blinds to the swimming pool and spa functions, all via an iPhone, iPad or wall-mounted keypads.
This mansion impresses on the inside with style and details that are rare indeed. But it's also discreet. It is not a house that shouts to the outside world.
“This is very much an understated house, where people could be walking past and don’t realise what lies inside,” Mr Wetherall said.
It is the most important private residence to be sold in Mayfair for many years and opportunities to buy such mansions do not emerge often.
“World-class mansions of this quality and stature are exceptionally rare and are for sale once in a generation,” said Richard Cutt, Associate Director at Sotheby’s International Realty UK.
“This grand residence has the benefit of being fully modernised and combining beautiful retained period features with a contemporary, ultra-prime specification.
“This mansion is perfect for an affluent, discerning family wanting a London base, or a successful tycoon seeking a trophy home in Mayfair to show the global business community he has arrived in London.”
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Tips for taking the metro
- set out well ahead of time
- make sure you have at least Dh15 on you Nol card, as there could be big queues for top-up machines
- enter the right cabin. The train may be too busy to move between carriages once you're on
- don't carry too much luggage and tuck it under a seat to make room for fellow passengers
The burning issue
The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE.
Read part four: an affection for classic cars lives on
Read part three: the age of the electric vehicle begins
Read part one: how cars came to the UAE
ANALYSTS’ TOP PICKS OF SAUDI BANKS IN 2019
Analyst: Aqib Mehboob of Saudi Fransi Capital
Top pick: National Commercial Bank
Reason: It will be at the forefront of project financing for government-led projects
Analyst: Shabbir Malik of EFG-Hermes
Top pick: Al Rajhi Bank
Reason: Defensive balance sheet, well positioned in retail segment and positively geared for rising rates
Analyst: Chiradeep Ghosh of Sico Bank
Top pick: Arab National Bank
Reason: Attractive valuation and good growth potential in terms of both balance sheet and dividends
Super Bowl LIII schedule
What Super Bowl LIII
Who is playing New England Patriots v Los Angeles Rams
Where Mercedes-Benz Stadium in Atlanta, United States
When Sunday (start time is 3.30am on Monday UAE time)
The specs
Price, base / as tested Dh12 million
Engine 8.0-litre quad-turbo, W16
Gearbox seven-speed dual clutch auto
Power 1479 @ 6,700rpm
Torque 1600Nm @ 2,000rpm 0-100kph: 2.6 seconds 0-200kph: 6.1 seconds
Top speed 420 kph (governed)
Fuel economy, combined 35.2L / 100km (est)
Company profile
Date started: 2015
Founder: John Tsioris and Ioanna Angelidaki
Based: Dubai
Sector: Online grocery delivery
Staff: 200
Funding: Undisclosed, but investors include the Jabbar Internet Group and Venture Friends
Ten tax points to be aware of in 2026
1. Domestic VAT refund amendments: request your refund within five years
If a business does not apply for the refund on time, they lose their credit.
2. E-invoicing in the UAE
Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption.
3. More tax audits
Tax authorities are increasingly using data already available across multiple filings to identify audit risks.
4. More beneficial VAT and excise tax penalty regime
Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.
5. Greater emphasis on statutory audit
There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.
6. Further transfer pricing enforcement
Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes.
7. Limited time periods for audits
Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion.
8. Pillar 2 implementation
Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.
9. Reduced compliance obligations for imported goods and services
Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations.
10. Substance and CbC reporting focus
Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity.
Contributed by Thomas Vanhee and Hend Rashwan, Aurifer
Result
Arsenal 4
Monreal (51'), Ramsey (82'), Lacazette 85', 89')
West Ham United 1
Arnautovic (64')
COMPANY PROFILE
Company name: SimpliFi
Started: August 2021
Founder: Ali Sattar
Based: UAE
Industry: Finance, technology
Investors: 4DX, Rally Cap, Raed, Global Founders, Sukna and individuals
MATCH INFO
Osasuna 1 Real Madrid 4
Osasuna: García (14')
Real Madrid: Isco (33'), Ramos (38'), Vázquez (84'), Jovic (90' 2)
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Timeline
2012-2015
The company offers payments/bribes to win key contracts in the Middle East
May 2017
The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts
September 2021
Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act
October 2021
Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence
December 2024
Petrofac enters into comprehensive restructuring to strengthen the financial position of the group
May 2025
The High Court of England and Wales approves the company’s restructuring plan
July 2025
The Court of Appeal issues a judgment challenging parts of the restructuring plan
August 2025
Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision
October 2025
Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange
November 2025
180 Petrofac employees laid off in the UAE
Reading List
Practitioners of mindful eating recommend the following books to get you started:
Savor: Mindful Eating, Mindful Life by Thich Nhat Hanh and Dr Lilian Cheung
How to Eat by Thich Nhat Hanh
The Mindful Diet by Dr Ruth Wolever
Mindful Eating by Dr Jan Bays
How to Raise a Mindful Eaterby Maryann Jacobsen
The specs
Engine: Two permanent-magnet synchronous AC motors
Transmission: two-speed
Power: 671hp
Torque: 849Nm
Range: 456km
Price: from Dh437,900
On sale: now
Where to donate in the UAE
The Emirates Charity Portal
You can donate to several registered charities through a “donation catalogue”. The use of the donation is quite specific, such as buying a fan for a poor family in Niger for Dh130.
The General Authority of Islamic Affairs & Endowments
The site has an e-donation service accepting debit card, credit card or e-Dirham, an electronic payment tool developed by the Ministry of Finance and First Abu Dhabi Bank.
Al Noor Special Needs Centre
You can donate online or order Smiles n’ Stuff products handcrafted by Al Noor students. The centre publishes a wish list of extras needed, starting at Dh500.
Beit Al Khair Society
Beit Al Khair Society has the motto “From – and to – the UAE,” with donations going towards the neediest in the country. Its website has a list of physical donation sites, but people can also contribute money by SMS, bank transfer and through the hotline 800-22554.
Dar Al Ber Society
Dar Al Ber Society, which has charity projects in 39 countries, accept cash payments, money transfers or SMS donations. Its donation hotline is 800-79.
Dubai Cares
Dubai Cares provides several options for individuals and companies to donate, including online, through banks, at retail outlets, via phone and by purchasing Dubai Cares branded merchandise. It is currently running a campaign called Bookings 2030, which allows people to help change the future of six underprivileged children and young people.
Emirates Airline Foundation
Those who travel on Emirates have undoubtedly seen the little donation envelopes in the seat pockets. But the foundation also accepts donations online and in the form of Skywards Miles. Donated miles are used to sponsor travel for doctors, surgeons, engineers and other professionals volunteering on humanitarian missions around the world.
Emirates Red Crescent
On the Emirates Red Crescent website you can choose between 35 different purposes for your donation, such as providing food for fasters, supporting debtors and contributing to a refugee women fund. It also has a list of bank accounts for each donation type.
Gulf for Good
Gulf for Good raises funds for partner charity projects through challenges, like climbing Kilimanjaro and cycling through Thailand. This year’s projects are in partnership with Street Child Nepal, Larchfield Kids, the Foundation for African Empowerment and SOS Children's Villages. Since 2001, the organisation has raised more than $3.5 million (Dh12.8m) in support of over 50 children’s charities.
Noor Dubai Foundation
Sheikh Mohammed bin Rashid Al Maktoum launched the Noor Dubai Foundation a decade ago with the aim of eliminating all forms of preventable blindness globally. You can donate Dh50 to support mobile eye camps by texting the word “Noor” to 4565 (Etisalat) or 4849 (du).