Gupta Family Buys $30 Million Mansion in Dubai, City Press Says

Indian businessmen, Ajay Gupta, right, and younger brother Atul Gupta.

Photographer: Gallo Images

The Gupta family, friends of South African President Jacob Zuma, bought a 445 million-rand ($30 million) residence in the Emirates Hills section of Dubai, the City Press newspaper reported, citing two unidentified people.

The home has 10 bedrooms, 13 bathrooms, nine reception rooms and space for 11 cars, the Johannesburg-based newspaper reported on Sunday. Gupta family spokesman Gary Naidoo told City Press he won’t be providing “running commentary on the Gupta family. They, like any family, have a right to privacy and a family life." Naidoo confirmed the Guptas bought a house in Dubai when called for comment on Sunday.

The 40,804 square-foot Emirates Hills property was listed in March 2015 as “awaiting a VVIP .... with deep pockets,” according to City Press. It is decorated in marble and gold and has a double grand staircase, hand-painted dome and chandeliers in almost every room, it said.

A special South African police unit, known as the Hawks, is investigating whether the Guptas have any influence on South Africa government business. Atul Gupta and Varun Gupta resigned their positions at Johannesburg-listed Oakbay Resources and Energy Ltd., the company said in April. The announcement came after financial-services groups including accounting firm KPMG LLP and Barclays Africa Group Ltd.’s Absa unit dropped some Gupta-controlled businesses as clients.

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