Billionaire businessman Mukesh Ambani. ARCHIVE

India’s billionaire businessman Mukesh Ambani reportedly bought a beachside mansion in Dubai worth around $163 million (Dh598 million). Bloomberg quoted sources as saying that Ambani bought the Palm Jumeirah mansion from the family of Kuwaiti tycoon Mohammed Alshaya. Ambani has reportedly been going on a property buying spree abroad, and has spent millions of dollars on purchases, including the $79 million Stoke Park mansion in the UK. The billionaire is also reportedly looking to buy property in New York. His latest purchase in Dubai follows an $80 million home he bought in the emirate earlier this year. ICA/Expat Media
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