Mumbai: Mukesh Ambani, one of India’s richest people and chairman of Reliance Industries, has made a big deal. It is known that Mukesh Ambani has bought a seaside villa in Dubai. The price of this villa is $80 million (Rs 6,396,744,880). Mukesh Ambani is the most expensive residential property buyer in the city so far. According to a Bloomberg report, the property on Palm Jumeirah Beach was bought for Mukesh Ambani’s youngest son Anant Ambani earlier this year.
Shah Rukh Khan will become a neighbor
The beachfront mansion is located in the northern part of a palm-sized artificial archipelago. It has 10 bedrooms, a private spa and indoor and outdoor pools. Dubai is emerging as a destination of choice for the ultra-rich. There, the government has wooed foreigners by offering long-term golden visas and relaxing home-buying restrictions. Celebrities like British footballer David Beckham and Bollywood megastar Shah Rukh Khan will be Ambani’s new neighbours.
According to the Bloomberg Billionaires Index, Anant Ambani is one of the three heirs to the Ambani fortune of $93.3 billion. The world’s 11th richest man, 65-year-old Mukesh Ambani is gradually handing over the reins of his business to his children. According to the report, the Ambani family is expanding its real estate abroad. All three siblings are moving to western countries for their second home.
Akash Ambani’s house is in UK
Last year, Reliance spent $79 million to buy Stock Park Ltd in the UK. It has a Georgian-era mansion, which was bought for elder son Akash Ambani. Akash has recently been appointed as the chairman of Reliance’s telecom company Jio Infocomm Ltd. At the same time, Akash’s sister Isha Ambani is looking for a house in New York.
Ambani will spend millions of dollars on the building
Property deals in Dubai are kept secret. Ambani will spend millions of dollars customizing it and enhancing its security. Ambani’s long-time associate Parimal Nathwani, the group’s director of corporate affairs, will manage the villa. However, Ambani’s primary residence will remain Antilia, a 27-storey skyscraper in Mumbai. This way you will get 10 years visa.
Palm Jumeirah Island where Ambani bought a house
The Palm Jumeirah Islands are home to luxury hotels, luxury clubs, spas, restaurants and luxury apartment towers with breathtaking views of the blue waters. Its construction started in 2001 and people started living there around 2007. Dubai’s property market contributes a third of its economy. Under the new rules, investors can get a 10-year visa if they buy a property worth at least 2 million dirhams.