IPL 2023 – Ambani Buys Dubai’s Most Expensive Home: According to a report by Bloomberg, Mumbai Indians promoter Mukesh Ambani is now the owner of Most Expensive Home in Dubai. The report says, Reliance Industries is the mystery buyer of an $80 million beach-side villa in Dubai, the city’s biggest ever residential property deal. The property on Palm Jumeirah was purchased earlier this year for Ambani’s youngest son, Anant Ambani. It is worth noting that, MI owners recently also have bought a team in Emirates Cricket International T20 League (ILT20). Follow IPL 2023 LIVE Updates with InsideSport.IN
British footballer David Beckham with his wife Victoria and Bollywood mega star Shahrukh Khan will be some of Ambani’s new neighbors.
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IPL 2023: Mumbai Indians promoter Mukesh Ambani buys MOST EXPENSIVE HOME in Dubai, residential property bought for 640 Crore: Check OUT
Dubai’s Most Expensive Home – Ambani’s NEW Dubai Home: The property on Palm Jumeirah was purchased earlier this year for Ambani’s youngest son, Anant. The property has a private spa, and indoor and outdoor pools, local media reported without saying who the buyer is.
Anant is one of three heirs to Ambani’s $93. 3 billion fortune, according to the Bloomberg Billionaires Index.
The world’s 11th richest person is slowly handing the reins to his children. The family also has been increasing its real estate footprint overseas, with all three siblings looking Westward for second homes.
- Last year, Reliance spent $79 million to buy Stoke Park in the UK.
- This houses a Georgian-era mansion said to be for older son Akash, who was recently named chairman of telecom operator Reliance Jio Infocomm.
- His twin sister, Isha, is scouting for a home in New York, the person added.
The Dubai property deal has been covert and will be held by one of Reliance’s offshore entities, said one of the people. The report further claimed that the Ambanis will spend millions of dollars to customise it and ensure its security. Longtime Ambani associate Parimal Nathwani, a director of corporate affairs at the group and member of parliament, will manage the villa.
The Ambanis’ primary residence will remain Antilia. It is a 27-story skyscraper in Mumbai with three helipads. It has parking for 168 cars, a 50-seat movie theater, a grand ballroom and nine elevators.
Reliance did not respond to emails and calls seeking comment according to the report.
Dubai is emerging as a favourite market for the ultra-rich. The local government has actively courted them by offering long-term “golden visas” and relaxing curbs on home ownership for foreigners.
In addition to luxury homes, Palm Jumeirah’s string of islands comprises posh hotels, glitzy clubs, spas, restaurants and splashy apartment towers with breathtaking views of the Persian Gulf’s blue waters.
Its construction began in 2001, with the first residents moving in around 2007. Foreign residents make up more than 80% of the population of the UAE and have been a mainstay of the economy for decades.
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