The Billionaires Behind the Pricey Sales in Dubai
1. Lakshmi Mittal (AED 425M)
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Beverly Hills of Dubai
Lakshmi Mittal, an Indian-born British steel magnate, got his largest luxury home in the heart of Emirates Hills (the Beverly Hills of Dubai) for its golf course surroundings, with a premium lifestyle customized estate to match up with his status.
Key Motivations
- It's an attractive baroque-inspired mansion with gold leaf
- Shift towards tax tax-friendly city
- To enter a strong real estate
- Buy Dubai’s premium asset for financial security
Why Did They Pick?
Emirates Hills is a realm for global billionaires where many tech founders, CEOs, big-shot owners, Middle Eastern royalty & diplomats, and people from other countries such as African, European, Russian, and more have their properties in this area to form a global access with zero taxation, so to maintain the power & status such global billionaires have found Emirates Hills as a strong real estate investment where proximity to every place, fully automated home experience, staff quarters, and privacy turn out to be the compelling factors to plan for financial investment.