Dubai: Is Indian billionaire Mukesh Ambani mystery buyer of $80 million beachside villa?

Mukesh Ambani’s Reliance Industries is the mystery buyer of an $80 million beach-side villa in Dubai, the city’s biggest ever residential property deal.2

The property on Palm Jumeirah was purchased earlier this year for Ambani’s youngest son, Anant.

The beach-side mansion sits in the northern part of the palm-shaped artificial archipelago and has 10 bedrooms, a private spa, and indoor and outdoor pools,

]ubai is emerging as a favorite market for the ultra-rich, whom the government has actively courted by offering long-term “golden visas” and relaxing curbs on home ownership for foreigners.

The Ambanis’ primary residence will remain Antilia, a 27-story skyscraper in Mumbai with three helipads, parking for 168 cars, a 50-seat movie theater, a grand ballroom and nine elevators.

Reliance spent $79 million to buy Stoke Park Ltd. in the UK, which houses a Georgian-era mansion said to be for older son Akash,

dubai govrerment Under new rules, investors can obtain a 10-year visa if they buy property worth at least 2 million dirhams.

net worth 9,480 crores USD