IPL 2023: Mumbai Indians owner Mukesh Ambani buys the most expensive house in Dubai:

IPL 2023 – Ambani buys Dubai’s most expensive house: According to a Bloomberg report, Mumbai Indians promoter Mukesh Ambani now…

IPL 2023 – Ambani buys the most expensive house in Dubai: Mumbai Indians promoter Mukesh Ambani now owns the most expensive house in Dubai, according to a Bloomberg report. According to reports, Reliance Industries is the mystery buyer of the $80 million beach-side villa in Dubai, the city’s biggest residential property deal. The Palm Jumeirah property was bought for Ambani’s younger son Anant Ambani earlier this year. It is worth noting that the MI owners have also recently bought a team in the Emirates Cricket International T20 League (ILT20). Follow IPL 2023 live updates with InsideSport.IN

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IPL 2023: Mumbai Indians promoter Mukesh Ambani buys most expensive house in Dubai, residential property bought for Rs 640 crore: Check Out

The most expensive house in DubaiAmbani’s New Dubai Home: The Palm Jumeirah property was bought for Ambani’s younger son Anant earlier this year. The property has a private spa and indoor and outdoor pools, local media reported, without saying who the buyer was.

Dubai is emerging as a favorite market for the ultra-rich, whose government has actively offered long-term “golden visas” and relaxed restrictions on home ownership for foreigners. British footballer David Beckham along with his wife Victoria and Bollywood megastar Shah Rukh Khan will be some of Ambani’s new neighbours.

One of the three heirs to Anant Ambani’s $93. 3 billion fortune according to the Bloomberg Billionaires Index. The world’s 11th richest man, now 65, is gradually handing the reins to his children after a diversification push that has expanded his empire into green energy, technology and e-commerce.

The family continues to expand its real estate footprint overseas, with all three siblings looking west for a second home, one said.

Last year, Reliance spent $79 million to buy Stoke Park in the UK, which is said to have a Georgian-era mansion for elder son Akash, who was recently named chairman of telecom operator Reliance Jio Infocomm. Her twin sister, Isha, is scouting for a house in New York, the person added.

The Dubai property deal has been kept secret and will be held by one of Reliance’s offshore entities, one of the people said, adding that the Ambanis will spend millions of dollars customizing it and ensuring its security. Long-time Ambani aide Parimal Nathwani, the group’s director of corporate affairs and a member of parliament, will manage the villa.

The Ambanis will have their primary residence Antilia, a 27-storey skyscraper in Mumbai with three helipads, parking for 168 cars, a 50-seat movie theatre, a grand ballroom and nine lifts. Reliance did not respond to emails and calls seeking comment.

Apart from luxury homes, Palm Jumeirah’s islands include posh hotels, glitzy clubs, spas, restaurants and splashy apartment towers with breathtaking views of the blue waters of the Persian Gulf. Its construction began in 2001, with the first residents moving in around 2007.
Foreign residents make up more than 80% of the UAE’s population and have been a mainstay of the economy for decades.

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