Mukesh Ambani owns the most expensive villa in Dubai

Mukesh Ambani will break his previous record for the most expensive residential real estate deal in Dubai in just a few months.

The Indian billionaire bought the Palm Jumeirah mansion last week from the family of Kuwaiti tycoon Mohammed Alshai.

Alshaya’s conglomerate owns local franchises for retail brands including Starbucks, H&M and Victoria’s Secret.

Mukesh Ambani is chairman of Reliance Industries Ltd., India’s largest company by market value, whose equity is $84 billion.

The billionaire has been buying up real estate overseas. Last year, Reliance spent $79 million to buy Britain’s iconic Stoke Park Country Club.

Ambani’s latest purchase in Dubai is very close to the $80 million home he bought earlier this year.

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