As per report, His son Anant purchased a ten-bedroom mansion in Palm Jumeirah.

According to reports, Indian industrialist Mukesh Ambani purchased an $80 million beachside villa in Dubai. The 27-story Antilla in south Mumbai is owned by the Ambanis and serves as their home base. However, the industrialist and his family have been buying upscale homes around the world, including in US and UK.

Officials from Reliance declined to comment on rumors surrounding the purchase of the 10-bedroom beachfront mansion in Palm Jumeirah. Which has been widely referred to as their most recent international real estate acquisition. It is reportedly the largest residential real estate transaction in Dubai‘s history.

Unnamed sources told prominent business publication Economic Times that Anant Ambani, the Ambani family’s youngest son, had purchased the beachside villa. As per Bloomberg Billionaires Index, Anant is one of three heirs to Ambani’s $93.3 billion fortune.

After a push for diversification that saw his empire grow to include green energy, technology, and e-commerce, the world’s 11th richest man, who is now 65 years old, is gradually handing the reins to his children.

The Ambanis are also making a name for themselves in the hospitality sector. Most recently, they bought nearly a fifth of the equity in EIH Ltd, which runs the Oberoi chain of hotels. The majority ownership of New York’s nearly $100 million Mandarin Oriental was acquired by the Ambanis earlier this year.