The president of Azerbaijan’s three young children have reportedly bought $75m worth of properties in Dubai, with his 11-year-old son said to have bought nine mansions on the manmade Palm Jumeirah.
The Washington Post said at the weekend that last year nine luxury waterfront mansions on the manmade Palm Jumeirah, valued at $44m, were registered with Dubai Land Department in the same name of Heydar Aliyev, which is the same name as the 11-year-old son of Azerbaijani president Ilham Aliyev.
The US newspaper said the registered owner's date of birth is also the same as the president's son.
Officials in Baku, the capital of the former Soviet state, declined to comment when contacted by the Washington Post.
However, the report pointed out that Ilham Aliyev's annual salary as president is approximately $228,000, while the value of the properties bought by the young landowner is equivalent to around 10,000 years' worth of salary for the average Azerbaijani.
Dubai Land Department also has files in the name of Leyla and Arzu Aliyeva, the president’s daughters. In total around $75m worth of property in Dubai is registered in the names of the president’s children, according to the report.
Arabian Business
