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.