Al-Maktoum is building a six-storey car park in Battersea

One of the world's richest men, Al-Maktoum is planning to erect his own private car park in Battersea for an estimated £20 million, although MailOnline quotes a source as saying: "That’s just the basic structure. Obviously it will be a lot more if he’s planning to cover it in marble."

The building will feature space for his fleet of 114 luxury vehicles, as well as offices and five-star accommodation for his drivers.

Despite concern from locals, Wandsworth Council has approved the plans which were submitted by Smech Management.

Resident Jane Helm, 52, said: "This sounds like another example of an enormously wealthy foreigner making big plans without thinking much about local people who just want to live in peace.

"The last thing we want is a Sheikh and his kids roaring in and out of a great big car park everyday.

"If it’s as bad as we think it’s going to be, the whole area will be spoilt."

The 65-year-old's personal car storage facility will be built next to Battersea heliport, allowing him and his entourage to arrive by helicopter and presumably be driven to the luxury 16-bed mansion he plans to build in the Scottish Highlands.

"It is not considered not to have an unduly negative impact on the immediate surroundings, the views and outlook from neighbouring properties," the council said.

As of 2008, the Sheikh was worth an estimated $18 billion.