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India’s second-richest man, Mukesh Ambani, made Dubai’s most expensive residential real estate deal earlier this year. He has now broken his own record with a deal much costlier than the one he made in April. Check out all the details of his expensive mansion here.
Mukesh Ambani buys Dubai’s most expensive luxurious villa on Palm Jumeirah for a whopping Rs 1350 crore
Chairman of Reliance Industries Ltd., a multinational conglomerate company, Ambani purchased a beach-side villa on Palm Jumeirah for his youngest son Anant Ambani in April this year. The business tycoon spent a whopping Rs 640 crore to purchase the luxurious 10-bedroom villa which spreads across 3,000 square feet and has a 70 meters long private beach, per News18. This was Dubai’s biggest-ever residential sale until another mansion on the island was sold for $82.4 million (Rs 683 crore approx) recently, per Hindustan Times. The man-made Palm Jumeirah Island is home to some of Dubai's most luxurious mansions and hotels.
Only a few months later, Ambani acquired yet another uber-expensive villa in Palm Jumeirah, which is in close vicinity to the villa he bought for his son. The billionaire industrialist bought the beach-side mansion last week for about $163 million (Rs 1350 crore approx) from the family of Kuwaiti tycoon Mohammed Alshaya, per Mint. Alshaya Group is a multinational retail franchise running 90 consumer retail brands across the Middle East and Europe, Russia, Turkey, and North Africa. Some of these brands include Victoria’s Secret, H&M and Starbucks.
Ambani, who has a net worth of $88.3 billion (Rs 7,33,032 crore), per Forbes, has been expanding his overseas real estate portfolio rapidly. Last year, Reliance spent $79 million (Rs 655 crore) to buy the UK country club Stoke Park, per Mint. Ambanis also owns the 248-room Mandarin Oriental Hotel in New York. As per CN traveller, Reliance Group bought the hotel for a massive $98.15 million (Rs 814 crore approx).
His Mumbai home, meanwhile, is the world’s second-most expensive residential property, per Magicbricks. Called Antilia, the 27-storey tower is valued between $1 - $2 billion (Rs 8296 crore to Rs 1,65,93 crore).
