Mukesh Ambani-led Reliance Industries Ltd has purchased a beach-side villa in Dubai worth $80 million, a report said on Saturday. As per the report, the deal is the biggest-ever in the UAE city as the villa was brought at Dubai's Palm Jumeirah purchased earlier this year for Anant Ambani, the youngest son of Mukesh Ambani.

Watch Video:

The beach-side mansion in his name is located in the northern part of the palm-shaped artificial archipelago, the report said. It has 10 bedrooms, a private spa, and indoor and outdoor pools, local media reported without naming the buyer. Mukesh Ambani Draws Nil Salary for Second Year in Row From Reliance Industries

Bollywood actor Shahrukh Khan and British football player David Beckham and his socialite wife Victoria Beckham may well turn out to be the Ambani scion’s new neighbours, news agency Bloomberg has reported. Mukesh Ambani and Family Receive Threat Call Via Reliance Hospital in Mumbai's Girgaon

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

The Dubai property deal has not been in the public domain and will be held by one of Reliance’s offshore entities, said one of the people cited above. It is also believed that longtime Ambani loyalist Parimal Nathwani, a director of corporate affairs in the group and also a Member of Parliament, will manage the villa.

In India, the Ambani family reside in Antilia, a 27-storey skyscraper in Mumbai which has three helipads, parking for nearly 168 cars, a 50-seater movie theater, a grand ballroom and nine elevators.

(The above story first appeared on LatestLY on Aug 29, 2022 01:42 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).