Mukesh Ambani, the head of Reliance Industries, has bought the most expensive property ever in Dubai. According to a Bloomberg report, Ambani bought this Palm Jumeirah mansion last week from the family of Kuwaiti tycoon Mohammed Alshaya for about $163 million (about Rs 1356 crore).
According to media reports, the Dubai Land Department has given information about this deal without making the identity of the buying public. Still, no official statement has been issued by the representatives of Reliance and Alshaya in this matter. The Alshaya Group, a Kuwait-based business conglomerate, has local franchises for retail brands including Starbucks, H&M, and Victoria's Secret. On the other hand, Mukesh Ambani is the chairman of India's largest company Reliance Industries Limited and his total assets are $ 84 billion. He is second only to Gautam Adani on the list of richest people in Asia.
The Bloomberg report also claimed that Ambani's new mansion in Dubai has located just a short walk from the $80 million home he bought earlier this year. Let us tell you that Reliance Industries also spent $ 79 million last year to buy the prestigious UK country club, Stoke Park. At the same time, Mukesh Ambani is also looking for a property in New York.
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