Mukesh Ambani buys a second villa in Dubai for Dhs600 million - GulfToday

Mukesh Ambani buys a second villa in Dubai for Dhs600 million

A view of the villa in Dubai.

Gulf Today, Staff Reporter

Bloomberg reported that India's second-richest man boosted his real estate empire in Dubai by buying another beachside villa, breaking his previous record for the city's most expensive residential real estate deal in a matter of months, according to people familiar with the matter.

Mukesh Ambani bought the villa on Palm Jumeirah last week for about $163 million (Dhs600 million) from the family of Kuwaiti businessman Mohammed Al-Shaya.

In August, Indian billionaire Mukesh Ambani's company, Reliance Industries, bought an $80 million (Dh294 million) beachfront villa in Dubai, the city's largest residential real estate deal ever.

The company bought the property, located on Palm Jumeirah, earlier this year, for Ambani's younger son, Anant.

Anant Ambani, the youngest son of the billionaire industrialist purchased the luxury property at Palm Jumeirah earlier this year when Belleview Real Estate, the property agency, announced the sale of the luxury estate.

Belleview Real Estate villa is a ten bedroomed, custom-built villa on Palm Jumeirah.

This enormous contemporary white villa features a huge 33,000sq ft of state-of-the-art living space, seven-star spa hotel facilities, (including a gym and a hair salon), imported and handpicked book-matched Italian marble, all furnished by uber-lux Italian furniture houses Giorgetti and Minotti.

Related articles