• About
  • Grievance Redressal cell
  • Advertise
  • Privacy & Policy
  • Contact
  • Our team
  • Survey
Wednesday, June 7, 2023
  • Login
  • Home
  • Insider Exclusive
    ‘Give me list of people whose houses got bulldozed directly in Demolition drive, will forward to LG for action’: Ravinder Raina

    ‘Give me list of people whose houses got bulldozed directly in Demolition drive, will forward to LG for action’: Ravinder Raina

    ‘I will head party till elections to be held on 5’: Dr. Farooq Abdullah

    ‘My source of inspiration is Atal Bihari Vajpayee

    BJP to form next Govt in J&K of its own: Raina     

    BJP to form next Govt in J&K of its own: Raina     

    BJP creates history for declaring holiday on Maharaja’s birth anniversary: Raina

    BJP creates history for declaring holiday on Maharaja’s birth anniversary: Raina

    Our non-participation in contesting Panchayati elections was a big mistake’: Dr Farooq

    Our non-participation in contesting Panchayati elections was a big mistake’: Dr Farooq

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Jammu and Kashmir
  • Entertainment
    Nawazuddin Siddiqui files ₹100 crore defamation suit against wife Aaliya and brother Shamas, demands public apology

    Nawazuddin Siddiqui files ₹100 crore defamation suit against wife Aaliya and brother Shamas, demands public apology

    “Used Earphones To Watch”: Delhi High Court Judge On “Obscene” Web Series

    “Used Earphones To Watch”: Delhi High Court Judge On “Obscene” Web Series

    Kiara Advani And Sidharth Malhotra Share Wedding Pics: “Now We Are Permanently Booked”

    Kiara Advani And Sidharth Malhotra Share Wedding Pics: “Now We Are Permanently Booked”

    Pathaan Box Office Collection Day 6: Shah Rukh Khan’s Film Set To Be Fastest To Make 300 Crore

    Pathaan Box Office Collection Day 6: Shah Rukh Khan’s Film Set To Be Fastest To Make 300 Crore

    Pathaan Box Office Collection Day 3: Shah Rukh Khan’s Film Earns Over ₹ 300 Crore Worldwide

    Kangana Ranaut takes sly dig at fans praising Shah Rukh Khan’s Pathaan: ‘Goonjega toh yahan sirf Jai Shri Ram’

  • Articles
    Prophet Muhammad (SAW), His Life & Teachings

    Prophet Muhammad (SAW), His Life & Teachings

    Crime against women unacceptable: Dr. Navneet Kaur.

    Crime against women unacceptable: Dr. Navneet Kaur.

    Monkeypox Spreading By Sexual Contact Between Men, Not By Skin Contact.

    Monkeypox Spreading By Sexual Contact Between Men, Not By Skin Contact.

    Jodhpur violence: What United Nations spokesperson said on clashes before Eid

    Jodhpur violence: What United Nations spokesperson said on clashes before Eid

    ‘My father was gullible, I am shrewd’: Uddhav Thackeray’s message to BJP, MNS

    ‘My father was gullible, I am shrewd’: Uddhav Thackeray’s message to BJP, MNS

    The Legend of Zelda: Breath of the Wild gameplay on the Nintendo Switch

  • National
  • Our team
No Result
View All Result
  • Home
  • Insider Exclusive
    ‘Give me list of people whose houses got bulldozed directly in Demolition drive, will forward to LG for action’: Ravinder Raina

    ‘Give me list of people whose houses got bulldozed directly in Demolition drive, will forward to LG for action’: Ravinder Raina

    ‘I will head party till elections to be held on 5’: Dr. Farooq Abdullah

    ‘My source of inspiration is Atal Bihari Vajpayee

    BJP to form next Govt in J&K of its own: Raina     

    BJP to form next Govt in J&K of its own: Raina     

    BJP creates history for declaring holiday on Maharaja’s birth anniversary: Raina

    BJP creates history for declaring holiday on Maharaja’s birth anniversary: Raina

    Our non-participation in contesting Panchayati elections was a big mistake’: Dr Farooq

    Our non-participation in contesting Panchayati elections was a big mistake’: Dr Farooq

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Jammu and Kashmir
  • Entertainment
    Nawazuddin Siddiqui files ₹100 crore defamation suit against wife Aaliya and brother Shamas, demands public apology

    Nawazuddin Siddiqui files ₹100 crore defamation suit against wife Aaliya and brother Shamas, demands public apology

    “Used Earphones To Watch”: Delhi High Court Judge On “Obscene” Web Series

    “Used Earphones To Watch”: Delhi High Court Judge On “Obscene” Web Series

    Kiara Advani And Sidharth Malhotra Share Wedding Pics: “Now We Are Permanently Booked”

    Kiara Advani And Sidharth Malhotra Share Wedding Pics: “Now We Are Permanently Booked”

    Pathaan Box Office Collection Day 6: Shah Rukh Khan’s Film Set To Be Fastest To Make 300 Crore

    Pathaan Box Office Collection Day 6: Shah Rukh Khan’s Film Set To Be Fastest To Make 300 Crore

    Pathaan Box Office Collection Day 3: Shah Rukh Khan’s Film Earns Over ₹ 300 Crore Worldwide

    Kangana Ranaut takes sly dig at fans praising Shah Rukh Khan’s Pathaan: ‘Goonjega toh yahan sirf Jai Shri Ram’

  • Articles
    Prophet Muhammad (SAW), His Life & Teachings

    Prophet Muhammad (SAW), His Life & Teachings

    Crime against women unacceptable: Dr. Navneet Kaur.

    Crime against women unacceptable: Dr. Navneet Kaur.

    Monkeypox Spreading By Sexual Contact Between Men, Not By Skin Contact.

    Monkeypox Spreading By Sexual Contact Between Men, Not By Skin Contact.

    Jodhpur violence: What United Nations spokesperson said on clashes before Eid

    Jodhpur violence: What United Nations spokesperson said on clashes before Eid

    ‘My father was gullible, I am shrewd’: Uddhav Thackeray’s message to BJP, MNS

    ‘My father was gullible, I am shrewd’: Uddhav Thackeray’s message to BJP, MNS

    The Legend of Zelda: Breath of the Wild gameplay on the Nintendo Switch

  • National
  • Our team
No Result
View All Result
No Result
View All Result
Home National

Mukesh Ambani Buys Dubai’s Costliest Home For Youngest Son Anant: Report.

The property on Palm Jumeirah was purchased earlier this year for Ambani's youngest son, Anant. The beach-side mansion has 10 bedrooms, a private spa, and indoor and outdoor pools, local media reported.

News Desk by News Desk
August 29, 2022
in National
Reading Time: 2 mins read
A A
0
0
SHARES
27
VIEWS
Share on FacebookShare on Twitter

 

Mukesh Ambani’s Reliance Industries Ltd. is the mystery buyer of an $80 million beach-side villa in Dubai, the city’s biggest ever residential property deal, two people familiar with the deal said.

The property on Palm Jumeirah was purchased earlier this year for Ambani’s youngest son, Anant, one of the people said, asking not to be named as the transaction is private. The beach-side mansion sits in the northern part of the palm-shaped artificial archipelago and has 10 bedrooms, a private spa, and indoor and outdoor pools, local media reported without saying who the buyer is.

Dubai is emerging as a favourite market for the ultra-rich, whom the government has actively courted by offering long-term “golden visas” and relaxing curbs on homeownership for foreigners. British footballer David Beckham with his wife Victoria and Bollywood megastar Shahrukh Khan will be some of Ambani’s new neighbours.

Anant is one of three heirs to Ambani’s $93.3 billion fortune, according to the Bloomberg Billionaires Index. The world’s 11th richest person, now 65 years old, is slowly handing the reins to his children after a diversification push that expanded his empire into green energy, tech and e-commerce.

The family has been increasing its real estate footprint overseas, with all three siblings looking Westward for second homes, one of the people said. Last year, Reliance spent $79 million to buy Stoke Park Ltd. in the UK, which houses a Georgian-era mansion said to be for older son Akash, who was recently named chairman of telecom operator Reliance Jio Infocomm Ltd. His twin sister, Isha, is scouting for a home in New York, the person added.

The Dubai property deal has been covert and will be held by one of Reliance’s offshore entities, said one of the people, adding that the Ambanis will spend millions of dollars to customize it and ensure its security. Longtime Ambani associate Parimal Nathwani, a director of corporate affairs at the group and member of parliament, will manage the villa.

The Ambanis’ primary residence will remain Antilia, a 27-story skyscraper in Mumbai with three helipads, parking for 168 cars, a 50-seat movie theatre, a grand ballroom and nine elevators.

In addition to luxury homes, Palm Jumeirah’s string of islands comprises posh hotels, glitzy clubs, spas, restaurants and splashy apartment towers with breathtaking views of the Persian Gulf’s blue waters. Its construction began in 2001, with the first residents moving in around 2007.

Dubai’s property market, which contributes around a third of its economy, is recovering from a seven-year slump thanks to the city’s nimble handling of the Covid-19 pandemic and initiatives aimed at giving expatriates a bigger stake in the economy. Under new rules, investors can obtain a 10-year visa if they buy property worth at least 2 million dirhams.

Foreign residents make up more than 80% of the population of the United Arab Emirates and have been a mainstay of the economy for decades, doing mostly private-sector jobs and spending their money on property or shopping in some of the world’s largest malls. Indians, in particular, have consistently ranked among the top buyers of Dubai real estate.

The global property market has been on fire lately. Swiss billionaire Ernesto Bertarelli was said to be buying a home in London’s exclusive Belgravia district for about €92 million ($108 million) in June, and the Financial Times reported earlier this month that an estate 20 miles west of London sold for €125 million.

In the US, Joe Tsai’s Blue Pool Capital recently acquired a New York penthouse previously owned by Dan Och for $188 million, while Asia’s most-expensive apartment per square foot sold in Hong Kong for HK$640 million ($82 million) in November.

News Desk
News Desk

Desk Author

Previous Post

Govt cancels recruitment of FAAs, JE Civil, recommends CBI probe.

Next Post

‘No Data Breach at KU’: Internal database index leaking cannot be ruled out says cyber expert.

News Desk

News Desk

Desk Author

Next Post
‘No Data Breach at KU’: Internal database index leaking cannot be ruled out says cyber expert.

‘No Data Breach at KU’: Internal database index leaking cannot be ruled out says cyber expert.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest

Demolition of Shopping Complex in Anantnag: Div Com Kashmir appointed as inquiry officer

July 12, 2022
IAS officer shares his class 10 marksheet on students’ demand, it goes viral.

IAS officer shares his class 10 marksheet on students’ demand, it goes viral.

July 24, 2022
Batal cloud burst: 10 Yatris die, over 40 missing

Amarnath Cloudburst: DHSK cancels leaves of all staff

July 9, 2022

J&K Schools, Colleges, Hospitals to be named after those who laid lives for country’s integrity: LG Manoj Sinha

July 12, 2022

The Legend of Zelda: Breath of the Wild gameplay on the Nintendo Switch

0

Shadow Tactics: Blades of the Shogun Review

0

macOS Sierra review: Mac users get a modest update this year

0

Hands on: Samsung Galaxy A5 2017 review

0
Twitter faces new allegations of legal violations during mass layoffs

Twitter faces new allegations of legal violations during mass layoffs

April 5, 2023
“Modern Indian History Should Start From 2014”: Kapil Sibal After NCERT Textbook Revisions

“Modern Indian History Should Start From 2014”: Kapil Sibal After NCERT Textbook Revisions

April 5, 2023
Man Gifts His Ex Home Theatre With Bomb As Wedding Gift. Blast Kills Groom

Man Gifts His Ex Home Theatre With Bomb As Wedding Gift. Blast Kills Groom

April 5, 2023
Trump faces day in court, a first in US

Trump faces day in court, a first in US

April 4, 2023

Recent News

Twitter faces new allegations of legal violations during mass layoffs

Twitter faces new allegations of legal violations during mass layoffs

April 5, 2023
“Modern Indian History Should Start From 2014”: Kapil Sibal After NCERT Textbook Revisions

“Modern Indian History Should Start From 2014”: Kapil Sibal After NCERT Textbook Revisions

April 5, 2023
Man Gifts His Ex Home Theatre With Bomb As Wedding Gift. Blast Kills Groom

Man Gifts His Ex Home Theatre With Bomb As Wedding Gift. Blast Kills Groom

April 5, 2023
Trump faces day in court, a first in US

Trump faces day in court, a first in US

April 4, 2023
News Insider

News Insider is news, current affairs and media analysis organization. We value independence and transparency and believe the two are integral to democracy and a healthy society. The same applies for news media, which is often referred to as the fourth pillar of democracy.

Follow Us

Categories

Recent News

Twitter faces new allegations of legal violations during mass layoffs

Twitter faces new allegations of legal violations during mass layoffs

April 5, 2023
“Modern Indian History Should Start From 2014”: Kapil Sibal After NCERT Textbook Revisions

“Modern Indian History Should Start From 2014”: Kapil Sibal After NCERT Textbook Revisions

April 5, 2023
  • About
  • Grievance Redressal cell
  • Advertise
  • Privacy & Policy
  • Contact
  • Our team
  • Survey

News Insider 24x7 © 2022. All Rights reserved

No Result
View All Result
  • Home
  • Insider Exclusive
  • Jammu and Kashmir
  • Articles
  • National
  • Our Team

News Insider 24x7 © 2022. All Rights reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In