The India-born billionaire snapped up a palatial home in a gated community known as “Beverly Hills of Dubai, “in Dubai’s Emirates Hills.
Lakshmi Mittal, among Britain’s richest residents has snapped up a palatial home in a gated community known as the “Beverly Hills of Dubai.” The Baroque style residence in the Emirates Hills community was listed for about $200 million in 2023 and is lavishly decorated with gold leaf, the selling agent said. It sold for around half of the listing price, as per media reports.
His purchase ranks among the priciest residential sales ever in Dubai, which has lured the uber-wealthy since the coronavirus pandemic and turned into one of the world’s best-performing property markets. Indian billionaire Mukesh Ambani’s family has also bought luxury real estate in the city, which is part of the United Arab Emirates.
