Mukesh Ambani, India’s second richest man and Chairman & Managing Director of Reliance Industries Limited (RIL), has bought Dubai’s most expensive villa for a record-breaking US $163mn. The Indian billionaire bought the beach-side mansion – located at the heart of the Palm Jumeirah – from the family of Mohammed Alshaya, a Kuwaiti tycoon whose business conglomerate owns local franchises for retail brands including Starbucks, H&M and Victoria’s Secret. Recent reports from Savills named Palm Jumeriah as the district commanding Dubai’s highest property values. The ten-bedroom residence, with a private spa and indoor and outdoor pools, is said to be a short walk from the $80mn home that Ambani pu
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