Mukesh Ambani Villa Dubai

Reliance Industries Ltd, which is run by Mukesh Ambani, has bought a beachfront home in Dubai for $80 million.

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The villa on Dubai's Palm Jumeirah was bought for Anant Ambani earlier this year. The deal is said to be the largest ever in the UAE city.

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The beach-side villa in the palm-shaped artificial archipelago features 10 bedrooms, a private spa, and indoor and outdoor pools.

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Dubai has been the market of choice for India's wealthy and others since the government there offers 'golden visas' and relaxes property ownership rules.

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Bollywood actor Shahrukh Khan, British player David Beckham, and his wife Victoria are among Ambani's new neighbours.

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The Ambani family has been expanding their real estate holdings with posh properties in exotic locations.

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Akash Ambani, the chairman of Reliance Jio Infocomm, bought a $79-million UK mansion last year.

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The Dubai transaction was kept quiet, and the property will be owned by one of Reliance's offshore corporations.

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Antilia, a 27-story tower in South Mumbai, will remain the Ambani family's private residence.

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