A new British register for overseas entities is part of a government effort to bring transparency to Britain’s property market.
The gated mansions around St George’s Hill boast sweeping driveways, indoor swimming pools and landscaped gardens, and are closely monitored by CCTV cameras and security staff. There are few hints of who lives there or owns the properties.
The register is a major policy shift, requiring overseas companies to declare beneficial owners or face potential prosecution. UK-based entities have been required to disclose similar details since 2016.
Properties long known to belong to Dubai’s ruler Sheikh Mohammed bin Rashid Al Maktoum are listed as being owned by an entity in the UK crown dependency of Guernsey. It holds more than 100 parcels of land and property across southern England. They include Godolphin Stables, part of the Dubai dynasty’s private horse-racing business, as well as a Suffolk estate acquired in 2009 for about £45 million.
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