Bellevue Hill home once owned by Sheikh Mohammed bin Rashid Al Maktoum sells for $10.95m

A palatial Bellevue Hill mansion once owned by Dubai ruler Sheikh Mohammed bin Rashid Al Maktoum has sold for a double-digit-million price.

Ray White Double Bay’s Elliott Placks and James Keenan with Raine and Horne Double Bay co-agents Alex Lyons and Charlie Davies have been silent on the price achieved on the day of Tuesday’s scheduled auction.

But reliable independent sources advise the five-bedroom, six-bathroom residence on a 726sqm block with pool at 2C Bulkara Rd fetched $10.95m, which is at the upper end of the agents’ $10m-$11m guide.

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The vendor was Scott Gray-Spencer, the former CBRE executive managing director and current director of SGS Properties, who’d bought it for about $6m in 2016.

But the property has a colourful history.

Montjola was previously owned by Darley Australia – a division of colour horse-breeding company Godolphin, controlled by Sheik Mohammed bin Rashid Al Maktoum, prime minister of the United Arab Emirates.

Goldophin breeds horses in Australia, France, Japan, Ireland, America and the UK.

The racing business bought the mansion as a local bolthole in 2008 for $5.25m, but sold it to Gray-Spencer in 2016.

Montjola’s ground floor features French doors in each room opening to the terrace and gardens.

The formal lounge room has a classic stone fireplace; there’s a separate dining room and a marble kitchen.

Originally published as Bellevue Hill home once owned by Sheikh Mohammed bin Rashid Al Maktoum sells for $10.95m

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