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.
With 16+ years of experience in various sectors, of which more than ten years in real estate, Anuradha Ramamirtham excels in tracking property trends and simplifying housing-related topics such as Rera, housing lottery, etc. Her diverse background includes roles at Times Property, Tech Target India, Indiantelevision.com and ITNation. Anuradha holds a PG Diploma degree in Journalism from KC College and has done BSc (IT) from SIES. In her leisure time, she enjoys singing and travelling.
Email: [email protected]
Related Posts
Inside Mukesh Ambani’s beach-front Dubai home.
REITs to come up in 12-14 months: Knight Frank.
BMC attaches Nirav Modi’s properties for tax recovery.
Hiranandani Gardens offers ‘Boutique Homes’ at its project Atlantis, in Mumbai.
BMC chief cannot frame rules on capital value of property: Bombay HC.
Niraj Bajaj buys Rs 252.2 crore triplex at Malabar hill.
