Mukesh Ambani has invested in a lavish mansion for approximately Rs 1,349.60 crore ($163 million) at Dubai’s Palm Jumeirah Island mentions a Bloomberg report. The mansion was bought from the family of Mohammed Alshaya, a Kuwaiti tycoon. Alshaya’s business includes local franchises for retail brands including Starbucks, H&M and Victoria’s Secret.
While the Dubai Land Department confirmed that the mansion was sold for $163 million, the buyer’s identity was not revealed.
This is Mukesh Ambani’s second property purchase in Dubai. Recently, Mukesh Ambani’s younger son Anant Ambani invested in a $80 million home, a 10 bedroom residence. This was considered to be the most expensive deal in Dubai until another property at Palm Jumeirah was sold for $82 million.
