Exploring The Lavish Dubai Homes Of Billionaires Like CZ and Mukesh Ambani
Forbes recently delved into the opulent homes owned by some of the world’s wealthiest individuals in Dubai. Among those investigated were CZ, founder of Binance, and Mukesh Ambani, Asia’s richest person. Their multimillion-dollar properties, hidden from the public eye, were uncovered through an in-depth analysis of property records and corporate filings. Let’s take a closer look inside the secret hideaways of these billionaires and others in the affluent city of Dubai.
The Lavish Properties of CZ, Mukesh Ambani, and Others Unveiled
Forbes unearthed details about the luxurious homes owned by CZ, Mukesh Ambani, and other billionaires in Dubai. Here’s a breakdown of what was discovered:
– **CZ’s Dubai Residence**:
– Xiao’s actual Dubai home is an 11,600 sq ft, 6-bedroom apartment in a luxury residential tower in downtown Dubai, purchased for $13.5 million in October 2021.
– **Mukesh Ambani’s Palm Jumeirah Villas**:
– Ambani, Asia’s wealthiest person, splurged a total of $238 million on two villas on Palm Jumeirah, setting records for the most expensive home sales in Dubai.
– **Vad Adani’s Extensive Property Holdings**:
– Vad Adani, brother of Gautam Adani and a billionaire in his own right, owns a significant number of properties in Dubai, including a villa in the Emirates Hills neighborhood, valued at around $10 million.
The Extensive Investigation by Forbes and Partners
Forbes, in collaboration with partners like OCCRP and e24, conducted a meticulous investigation into the real estate holdings of billionaires in Dubai. By analyzing leaked data and property records, they uncovered a total of 76 properties worth over $600 million, owned by 22 billionaires and their families from various countries and continents.
– **Dubai Unlocked Project**:
– Through the Dubai Unlocked project, Forbes and its partners gained insights into the extensive property ownership of billionaires in Dubai, shedding light on the secretive world of luxury real estate in the city-state.
– **Data Analysis and Verification**:
– Extensive data analysis and verification processes were undertaken to confirm the identities of property owners and their ownership status, using official records, open-source research, and additional leaked data sets.
The Allure of Dubai for Billionaires
Dubai’s tax benefits and booming real estate market have made it a magnet for billionaires looking to invest in luxury properties. With no capital gains or income taxes, the emirate offers a lucrative environment for wealthy individuals to diversify their assets and enjoy the lavish lifestyle that Dubai has to offer.
– **Attractive Investment Destination**:
– The soaring home prices in Dubai, rising by nearly 30% over the past two years, have attracted not only local billionaires but also international investors seeking profitable real estate opportunities in the city.
Hot Take: Unlocking the Secrets of Dubai’s Billionaire Hideaways
In conclusion, Forbes’ investigative report on the lavish properties owned by billionaires like CZ, Mukesh Ambani, and Vad Adani in Dubai provides a rare glimpse into the exclusive world of ultra-rich real estate in the emirate. As the city continues to attract high-net-worth individuals from around the globe, its allure as a tax-friendly and opulent destination for luxury living remains steadfast.
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