Indian billionaire Mukesh Dhirubhai Ambani, chairman of Reliance Industries Limited, has purchased the most expensive mansion on Dubai’s Palm Jumeirah island for an astounding USD 163 million, adding it to his collection of real estate in Dubai (about Rs 1,350 crore).
Details on Mukesh Ambani breaks his own record by paying Rs. 1,350 crores for the most expensive mansion in Dubai, located on the Palm Jumeirah Island
Ambani purchased Mohammed Alshaya’s family’s villa in Palm Jumeirah last week, according to a Bloomberg story. This brand-new Ambani acquisition in Dubai is a luxurious ten-bedroom home with a private spa, indoor pool, and outdoor pool. According to the newspaper, it was the priciest acquisition until an additional home on the opulent Palm Jumeirah was purchased for $82 million earlier this month. The villa contains eight bedrooms, 18 bathrooms, a gym, a theatre, a bowling alley, a jacuzzi, and an underground parking garage that can accommodate 15 cars.
The Dubai Land Department disclosed details about the transaction without identifying the buyer’s identity. At the same time, neither Reliance nor Alshaya has made any official announcements.
Mukesh Ambani has surpassed his previous mark for the most pricey residential real estate transaction in the city. For a record-breaking USD 80 million in March 2022, Ambani purchased the villa for his younger son Anant.
According to the Bloomberg article, Ambani’s kid lives only a short distance from his new mansion in Dubai.
Palm Jumeirah is reputed to be one of Dubai’s priciest neighborhoods. Shah Rukh Khan and David Beckham, two British football players, reside in this region.
80 percent of the population of the UAE is made up of foreigners, who also drive the economy of the nation. Indians are among the top foreign buyers of property in Dubai.
On the other hand, if we discuss Mukesh Ambani’s Mumbai home, “Antilla,” it is thought to be the most costly property in the world. Antilla, which covers 400,000 square feet, was finished in 2010.
It will cost between $1 and $2 billion. The proprietor of Reliance Industries owns a private plane in addition to costly cars and homes. With a net worth of USD 88.5 billion, the Chairman of Reliance is listed as the eighth richest person in the world by Forbes.