A view of the villa in Dubai.
Gulf Today, Staff Reporter
Bloomberg reported that India's second-richest man boosted his real estate empire in Dubai by buying another beachside villa, breaking his previous record for the city's most expensive residential real estate deal in a matter of months, according to people familiar with the matter.
Mukesh Ambani bought the villa on Palm Jumeirah last week for about $163 million (Dhs600 million) from the family of Kuwaiti businessman Mohammed Al-Shaya.
In August, Indian billionaire Mukesh Ambani's company, Reliance Industries, bought an $80 million (Dh294 million) beachfront villa in Dubai, the city's largest residential real estate deal ever.
The company bought the property, located on Palm Jumeirah, earlier this year, for Ambani's younger son, Anant.
Anant Ambani, the youngest son of the billionaire industrialist purchased the luxury property at Palm Jumeirah earlier this year when Belleview Real Estate, the property agency, announced the sale of the luxury estate.
Belleview Real Estate villa is a ten bedroomed, custom-built villa on Palm Jumeirah.
This enormous contemporary white villa features a huge 33,000sq ft of state-of-the-art living space, seven-star spa hotel facilities, (including a gym and a hair salon), imported and handpicked book-matched Italian marble, all furnished by uber-lux Italian furniture houses Giorgetti and Minotti.
The property is nestled in the Palm Jumeirah in Dubai, and has been termed as the most expensive property to be sold in Dubai in 2021.
Known as a leading high-end real estate developer shaping the landscape of Dubai, and in particular Frond G on the Palm Jumeirah, Alpago Properties has now just recorded the biggest villa sale in the UAE’s real estate sold through their exclusive broker B1 Properties and was designed by SOATA and CK Architecture.
A ten bedroomed, custom-built villa on Palm Jumeirah has been sold for record Dhs280m ($76.2m). The previous long-standing record - of Dhs185m - has been unbeaten since 2015.
In a decision last week, New York state Judge Arthur Engoron found that Trump and his family business fraudulently inflated the value of his properties and other assets to suit their business needs.
The Law stipulates that Dubai must possess its distinct emblem, one that mirrors its values and principles. This emblem is considered the property of the emirate of Dubai, safeguarded by this Law and its regulations.
The disaster struck the northeastern coastal town of Ciudad Madero, Tamaulipas state, with a Red Cross rescuer telling local media that 80 people had been in attendance at the Santa Cruz parish when the roof caved in.