New Delhi: Industrialist Mukesh Ambani seems to be on a spree of buying world’s most expensive properties one after another, and Dubai appears to be his ideal choice for now. After buying a gigantic villa in the city’s biggest-ever residential property deal, Ambani bought another beachside mansion within months.

According to the reports, Ambani bought the luxury mansion situated in Palm Jumeirah last week from the family of Kuwaiti tycoon Mohammed Alshaya for nearly $163 million.

Alshaya owns various businesses in the city including several retail outlets of Victoria’s Secret, H&M and Starbucks.

For the unversed, Mukesh Ambani is the chairperson of Reliance Industries and has a total net worth of $84 billion.

The business tycoon has been actively buying properties overseas for the past some time, with Reliance paying $79 million for iconic UK country club Stoke Park last year. As per a report by Bloomberg, Ambani is further scouting for a property in New York.

Earlier, the billionaire hit the headlines after cutting a deal of Dubai’s biggest-ever residential sale worth $80 million in the renowned palm-shaped artificial archipelago called Palm Jumeirah.

Meanwhile, the recent buying came to the fore after Dubai Land Department reported a deal worth $163 million this week while keeping the identity of the buyer concealed. On the other hand, Reliance spokesperson declined to comment on the media queries regarding the real estate deal.