Mukesh Ambani bought another villa in Dubai, worth 163 million US dollars

Mukesh Ambani has bought another very expensive and beautiful villa by the sea in Dubai. According to Bloomberg, by buying this villa, he has broken his own old record of buying the most expensive residential real estate in the city a few months ago. According to people familiar with the matter, the deal was done last week for US$163 million.

This villa belongs to the family of Kuwait business tycoon Mohamed Alshaya. Alshaya Group has local franchisees of retail brands including Starbucks, H&M. At the same time, Mukesh Ambani is the chairman of Reliance Industries Limited, one of the largest companies in India. His net worth is 84 billion US dollars.

Mukesh Ambani is constantly buying properties abroad. Reliance spent US$79 million last year to buy UK country club Stoke Park. According to Bloomberg, Mukesh Ambani is also looking to buy a property in New York, USA. Record shopping of the rich in Dubai shows that Dubai has gained an edge in wooing the rich. The city's property market contributes about a third of its economy.

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