FCC

$80 million home in Dubai purchased anonymously by Mukesh Ambani

2022-08-29

The mysterious buyer of a $80 million beachfront mansion in Dubai, the largest residential real estate transaction in the city, is Reliance Industries, a company owned by Mukesh Ambani.

Anant, the youngest son of Ambani, was the buyer of the Palm Jumeirah home earlier this year. Local media reported the beachfront property, which has 10 bedrooms, a private spa, indoor and outdoor pools, and is located in the northern section of the palm-shaped artificial island, without revealing the identity of the buyer.

The government has actively courted the ultra-rich by giving long-term "golden visas" and easing restrictions on foreigners owning homes, and Dubai is quickly becoming one of their preferred markets. Some of Ambani's new neighbours will include Bollywood megastar Shahrukh Khan and British player David Beckham along with his wife Victoria.

Also read:
ONGC, Indian Oil to jointly bid for JBF Petrochemicals
UP CM Yogi Adityanath roots for new solar power policy