The most expensive real estate transaction involved a luxurious mansion on the Palm Jumeirah, and it was still making waves in Dubai. According to sources, Mukesh Ambani secured the $80 million, or 639 cr, deal for his son Anant Ambani. Learn more about the 33,000-square-foot beachside house.
According to Bloomberg, Mukesh Ambani is the man responsible for Dubai's most costly legal transaction. The $80 million beachfront mansion is located on Dubai's man-made Palm Jumeirah island.
The northern Palm Jumeirah home that faces the beach is equipped with all the opulent amenities. The home boasts two swimming pools, a private spa, and ten bedrooms.
The house was sold in the first quarter of 2022, furnished with Italian marble and some exquisite works of art. Since the transaction is personal, the family hasn't formally announced the agreement.
The home is located on Palm Jumeirah, an artificially created island in the shape of a palm, which is renowned for its opulent hotels and residences.
The two-story, 33,000 square foot estate features seven spas, a real salon inside, a 70-meter private beach, and countless more ultra-modern, opulent amenities.
The extremely opulent property has a pool on the exterior as well as a similarly opulent pool within the mansion.
The home has reportedly been bought for Anant Ambani, Mukesh Ambani's youngest son. Notably, the family is always looking to increase its real estate footprint abroad.
One of the Reliance firms will hold the opulent residence, which will be specially designed for the Ambanis.
Dubai is quickly becoming one of the most alluring places for purchasers who are extremely wealthy. With long-term "golden visas" and easing of restrictions on foreign house ownership, it becomes more profitable.