The beachfront mansion sits on the northern part of the palm-shaped artificial archipelago (the world’s largest artificial sea) and has no less than 10 bedrooms, a private spa and indoor and outdoor pools. Anant is one of the three heirs to Ambani’s fortune, which is crushed by $93.3 billion, according to the Bloomberg Billionaires Index. The 11th richest person in the world, now 65 years old, is starting to pass the reins to his children.
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The whole family made sure to buy more houses for themselves outside India. Another Ambani son, Akash, spent $79 million on a mansion in the UK. His twin sister, Asha, is looking for a house in New York. Dubai is one of the most preferred markets for the mega-rich. The local government actively wooed them through long-term “golden visas” and the removal of restrictions on the purchase of real estate by parties outside the country. In addition, investors can get a 10-year visa if they buy a property worth at least 2 million dirhams.
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Foreign residents make up more than 80% of the population of the United Arab Emirates and have been the mainstay of the economy for decades. The vast majority of them are employed in the private sector, with the majority of the city’s residents being “immigrants” and not natives of the place.
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