Mukesh Ambani bought the Palm Jumeirah mansion last week for about $163 million from the family of Kuwaiti tycoon Mohammed Alshaya

Alshaya’s conglomerate owns the local franchises for retail brands including Starbucks, H&M and Victoria’s Secret.

Ambani is chairman of Reliance Industries Ltd., India’s largest company by market value, and has a net worth of $84 billion.

The billionaire has been snapping up properties overseas, increasingly looking westward for second homes

Ambani’s latest purchase in Dubai is a short stroll from the $80 million home he bought earlier this year.

The Dubai Land Department reported a property deal worth $163 million on Palm Jumeirah earlier this week, without disclosing the buyer’s identity.

A spokesperson for Reliance declined to comment, while representatives for Alshaya didn’t respond to requests for comment.