The villa on the northern a part of the bogus palm-shaped archipelago has 10 bedrooms, a personal spa and indoor and outside swimming pools, the report added.
Dubai’s residential actual is quick rising as a most popular vacation spot for the well-heeled as the federal government tries to lure the ultra-rich with ‘golden-visas’ and relaxed dwelling possession guidelines for foreigners.
Ambani’s new neighbours embrace Bollywood actor Shahrukh Khan, British footballer David Beckham, his spouse Victoria.
The Ambani household has been including swanky addresses in international locations to their actual property portfolio. Final 12 months, the elder Ambani sibling Akash, who was not too long ago named the chairman of Reliance Jio Infocomm, purchased a $79-million Stoke Park Ltd which homes a mansion within the UK. His twin sister Isha is searching for a second dwelling in New York, the report added.
The Dubai deal was saved beneath the wraps and the property can be owned by one in every of Reliance’s offshore entities. The villa can be customised with enhanced safety and can be managed by Parimal Nathani, a longtime Ambani household affiliate and the director of company affairs on the group.
The Ambani household’s non-public residence will proceed to be Antilia, a 27-storey skyscraper in South Mumbai.