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India’s second richest man, Mukesh Ambani, has bought a second home in dazzling Dubai. The billionaire who has broken his own records is now the owner of his $163 million villa, the most expensive in Dubai. A Fortune 500 company, he is Chairman and Managing Director of Reliance Industries Ltd. He has a net worth of $86.7 billion. He purchased his Palm Jumeirah villa from Kuwaiti businessman Mohammed his al-Shaya.
His previous property in Dubai was a 10-bedroom $80 million Palm Jumeirah home for youngest son Anant. The home has a private spa and indoor and outdoor pools. The businessman spent $79 million on British country club Stoke Park last year.
“Recent policy changes have led to a surge in Indian investment in real estate assets in Dubai,” Shajai Jacob, CEO-GCC of GCC and leading Indian real estate consultancy Anarock, told Arabian Business. Luxurious, he lives in a 27-storey, 568-foot tall skyscraper, Antiria, South Mumbai, the world’s most expensive private residence that cost about $2 billion to build. Ambanis clearly wouldn’t settle for anything other than Dubai’s finest location on Billionaires’ Row, home to the emirate’s most expensive royal villas.
Palm Jumeirah is Dubai’s billionaire row –
“Billionaire’s Row is fast becoming an iconic destination within the city of Dubai with its unrivaled selection of luxury villas and unparalleled convenience,” Front G’s signature villa Ayyildiz also told Khaleej Times. Said there are more signature villas at Frond G than in all of Palm Jumeirah combined. Dubai’s ‘Billionaire’s Row’ is undoubtedly comparable to London and New York, but Emirati real estate is undoubtedly more economical than its peers.
Conor McKay, real estate broker at Belleview Real Estate, said: Given what that money will buy in Dubai vs. London, you can’t help but think that the value of Dubai’s ‘Billionaire’s Row’ will continue to rise in the coming years,” he said.
Note – Photos are of Six Senses Residence villas and are used for representational purposes only.
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