INSEAD Day 4 - 728x90

2PointZero posts profit surge

Growth driven by merger consolidation.

Mashreq Q1 profit rises

Total revenue increased 10% year-on-year.

TECOM profit climbs

High occupancy across assets boosts earnings.

Emirates Stallions Q1 revenue up 11%

The rise helped by strong demand in real estate

ADNOC Distribution 2025 dividend $700m

The company had reported EBITDA of $1.17 bn in 2025.

Saudi prince stays in ‘world’s most expensive home’

Chateau Louis XIV in Louveciennes, (AFP file)
  • The 7,000-square-metre property was bought by an undisclosed buyer in 2015 for 275 million euros ($300 million at the time).
  • Bin Salman, 36, was reported two years' later by The New York Times to be the ultimate owner.

During his trip to France to meet President Emmanuel Macron, Saudi Arabia’s Crown Prince Mohammed bin Salman is staying at a lavish chateau dubbed “the world’s most expensive home” when he purchased it in 2015.

The Chateau Louis XIV in Louveciennes outside Paris is a new-build mansion intended to mimic the extravagant luxury of the nearby Versailles Palace, once the seat of the French royal family.

The 7,000-square-metre property was bought by an undisclosed buyer in 2015 for 275 million euros ($300 million at the time), leading Fortune magazine to call it “the world’s most expensive home.”

Bin Salman, 36, was reported two years’ later by The New York Times to be the ultimate owner.

Local government officials confirmed to AFP that the heir to the Saudi throne was staying at the property ahead of his dinner with Macron later on Thursday.

Reporters outside the perimeter wall saw security personnel in suits guarding the entrance and a large police presence, including half a dozen vehicles.

Macron and bin Salman were set to meet at the more modest Elysee presidential palace later Thursday for talks.

The chateau features a nightclub, a gold-leafed fountain, a cinema, as well as an underwater glass chamber in the moat that resembles a giant aquarium with white leather sofas.

Chateau Louis XIV was built in 2009 after a 19th-century castle on the plot was bulldozed.