Yesterday, Friday, Bloomberg revealed the identity of the “mystery buyer” of an $80 million Dubai beach villa, the largest residential real estate deal in the city.
The agency quoted two people familiar with the deal as saying that “Mukesh Ambani’s company limited was the one that bought the villa.”
“The purchase of a property in Palm Jumeirah earlier this year for Ambani’s younger son, Anant, was according to one of the two people, who asked not to be named because the transaction is private,” the agency continued.
And local media reported that “the palace, located on the beach in the northern part of an artificial palm-shaped archipelago, has 10 bedrooms, a private spa, and indoor and outdoor pools.”
According to the Bloomberg Billionaires Index, Anant is one of the three heirs to Ambani’s $93.3 billion fortune. Ambani, 65, is the world’s 11th-richest person and has been slowly handing control to his children after a diversified investment push that expanded his empire into green energy, technology and e-commerce.
The Dubai property deal is confidential and will be handled by an external Reliance entity, Bloomberg quoted the person as saying, adding that the Ambani family will spend millions to redesign it and ensure its security.
Source: Lebanon Debate
