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Mukesh Ambani Is Mystery Buyer of Dubai’s Costliest Home Ever

  • The Palm Jumeirah house is for Ambani’s youngest son, Anant
  • Dubai is emerging as a favorite market for the ultra-rich
Dubai’s Palm Jumeirah man-made archipelago.
Dubai’s Palm Jumeirah man-made archipelago.

Photographer: Marwan Naamani/AFP/Getty Images

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Mukesh Ambani’s Reliance Industries Ltd. is the mystery buyer of an $80 million beach-side villa in Dubai, the city’s biggest ever residential property deal, two people familiar with the deal said.