Maps    |   Hotels    |   Tours    |   Jobs    |   Real Estate    |   Citylife    |   Entertainment    |   Restaurants    |   Education    |   Shopping    |   Contests 
  Home  |  Contact Us  
       Sign In / Register  
Dubai City Map
Dubai Metro
Dubai Videos
Dubai News
Press Releases
What's On
Latest Events
Annual Festivals
Visa Regulation
Dubai Airport
Travel Tips
Explore Dubai
Shoppers Paradise
Dubai Gold Souq
Getting Around
Emergency Numbers
Embassies & Consulates
Government Services
Shopping Malls
Parks / Beaches
Clubs / Organisations
Business Information
Relocating Help
Jobs Search
Property Finder
Medical Tourism
Dubai Healthcare

News Detail

Dubai Tour Booking
Dubai Visa

Application Download

Special Promotions
Dubai Hotel Booking at
Cheapest Rates
Book Dubai
Furnished Apartments
Dubai Tours & Safaris
at Best Rates

Dubai Hotel, Lodging & Accommodation

Dubai Apartment Rates & Booking

Dubai Desert Safari Tours

Dubai Dhow Cruise Dinner

Dubai City Sightseeing Tour

Hatta Trek Tours & Mountain Trekking

Helicopter City Tour Over Dubai

Fujairah & East Coast Tour

Aquaventure Tour at Dubai Atlantis

Latest News & Happenings in Dubai
Dubai Health & Medical Tourism Information
Dubai Real Estate & Freehold Properties
 Nation   Region   Sport   World   Technology   Business   Tabloid   Notes 
Powered by, one of the most popular daily English language newspapers in the United Arab Emirates.

Blair to sell house to pay off mortgage

10/02/2009 05:42 PM | Agencies

London: Former British Prime Minister Tony Blair is selling his onetime constituency home in the pit village where he began his political career for £300,000 (Dh1.7 million).

The Blairs bought the handsome four-bedroom detached house in Trimdon Colliery, County Durham, in 1983 for just £30,000, giving them a tenfold profit.

However, in 2004 they remortgaged the property for £297,000 to help fund their expanding property portfolio.

That loan will now need to be repaid, so even if it sells for its asking price, it is unlikely they will see much, if any, of the cash, after legal fees are deducted.

A source last night told the Mail: "The house was put on the market last week and within a couple of days they had a firm offer close to the asking price.

"Naturally, they're keen to get a quick sale and have told the estate agents to only allow prospective buyers who have already sold their home to view it."

The house boasts five reception rooms, a double garage, large forecourt and a secluded garden. The Blairs have not yet agreed to release full details to buyers but an advert appeared in a local newspaper this week.

Pictures show the peach-coloured hallway with the stairs leading to the first floor, the simple kitchen with white cupboards and oak surfaces, and the rear garden with its tall green hedges.

Named Myrobella after a variety of plum, the Victorian pit manager's home was visited by Blair once every five weeks as prime minister. Over the past 10 years it has played host to famous faces including former US president George W Bush and ex-French prime minister Lionel Jospin.

Some of the Blairs' previous property speculations have been disappointing. First they missed out on the property boom when they sold their Islington home to move into Downing Street after the 1997 General Election.

They had bought the four-storey property five years earlier for £375,000 and sold it for £615,000.

Mrs Blair had wanted to keep the house as an investment and was furious when it was sold in 2004 for almost £1.5 million.

And last year it emerged that the value of the Blairs' main home in Connaught Square, Central London, had plummeted by more than half a million. It was to make the £3.6 million purchase of that five-bedroom Georgian home that the Blairs remortgaged the Sedgefield property.

 Back to News Page assumes no responsibility for any content from external sources.
 Nation   Region   Sport   World   Technology   Business   Tabloid   Notes 
 More News & Happenings :
 Latest Press Releases  Events & Exhibitions  News Archive
 Popular Links :
 Dubai Hotel Deals & Special Offers  Dubai Tours, Safaris & Dhow Cruises &
 Featured :
Atlantis Dubai Aquaventure Tour
Atlantis Dubai Aquaventure Tour
Dolphin Show at Dubai Dolphinarium
Dolphin Show at Dubai Dolphinarium
Entertainment Special Events Contests Restaurants
Dubai Medical Tourism & Health Tourism in Dubai
Dubai News, Press Releases, Events & Exhibitions Dubai Citylife, Restaurants, Night Clubs, Sports, Dance...
Dubai Hotel Booking / Book Dubai Furnished Apartments Dubai Desert Safari, Dubai Dhow Cruise & Dubai Tours
Latest Jobs in Dubai, Career News & Recruitment Agencies Dubai Real Estate & Freehold Properties Listing & News


Sponsored Links
Jobs in Dubai
Find the latest job listing & career news in Dubai
Banking / Finance Jobs
IT / Graphic Designers Jobs
Human Resource Jobs
Oil / Petroleum Jobs
Sales / Marketing Jobs
All UAE Jobs
Most Viewed
Dubai Videos
Google UAE Map
Dubai Landmarks
Dubai Jobs
Dubai Real Estate
Dubai Entertainment
Restaurants Clubs & Pubs
Movies Health & Fitness
Sports Dancing
Education Kids n Teens
Sale & Discounts
 © 2009 Dubai, UAE    Dubai News   |  Dubai Events   |  Dubai Map   |  Dubai Jobs   |  Book Dubai Hotels   |  Dubai Desert Safari   |  Dubai Real Estate   |  Dubai Tourism   |  Dubai City Life