Indian billionaire Mukesh Ambani appears to be on a spree of buying the world's most expensive and luxurious properties. His new crib is located in Dubai, and it is yet another beachside mansion which is reported to be the city’s biggest-ever residential property deal.
The business tycoon recently outlined his succession plan for the 220 billion dollar conglomerate and his empire is equally divided amongst his three kids, Akash Ambani, Isha Ambani and Anant Ambani.
Coming back to the luxurious beachside mansion, the latest reports suggest that Ambani's latest property is situated in Palm Jumeirah and he purchased the same from the family of Kuwaiti tycoon Mohammed Alshaya for nearly $163 million.
Alshaya is known to own various businesses in the city including several retail outlets of Victoria’s Secret, H&M and Starbucks.
Ambani has been actively buying properties overseas for some time now. With Reliance paying $79 million for iconic UK country club Stoke Park last year, he is further scouting property in New York.
Previously, the industrialist made it to the headlines after cracking Dubai’s biggest-ever residential sale worth $80 million in the renowned palm-shaped artificial archipelago called Palm Jumeirah.
However, the latest development surfaced after Dubai Land Department reported a deal worth $163 million this week while keeping the identity of the buyer concealed. Nevertheless, Reliance's spokesperson has declined to comment on the media queries regarding the real estate deal.
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