Mohamed Alabbar buys Castello di Antognolla in Umbria
The founder of Eagle Hills and Emaar has acquired the historic estate and golf resort. It will become a 71-room Six Senses hotel with branded residences.
Carte Capital
Mohamed Alabbar, founder of Abu Dhabi developer Eagle Hills, best known for creating Emaar Properties and helping develop the Burj Khalifa, has acquired the Castello di Antognolla estate in Umbria. The seller was Russian entrepreneur Andrey Yakunin. The deal was done through Eagle Hills; Il Sole 24 Ore estimates its value at €40–50 million.
The estate covers about 540 hectares some 20 km north of Perugia (according to IHG). It will carry the Six Senses brand. Plans include a 71-room hotel, a wellness centre of about 2,700 m², an 18-hole golf course named Italy’s best three times, and 17 villas and apartments with access to hotel services, aimed at international buyers.
Eagle Hills already invests in Italy: together with Coima it is restoring the Des Bains hotel on the Venice Lido. According to the paper, the deal confirms that Italian luxury hospitality and the branded-residence resort model remain attractive to international capital.
Source: Il Sole 24 Ore, 22 October 2025.