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Billionaire Lakshmi Mittal Buys Palatial Mansion in Beverly Hills of Dubai

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Lakshmi Mittal is one person who doesn’t hold back, when it comes to making bold moves. The Indian billionaire steel magnate, known for his extravagant lifestyle, has added another jewel to his crown—a lavish mansion in Dubai’s Emirates Hills, often called the “Beverly Hills of Dubai.”

 

Lakshmi Mittal

A Grand Addition to a Lavish Portfolio

Mittal is the executive chairman of ArcelorMittal and one of Britain’s wealthiest individuals, has recently acquired a palatial Baroque-style residence in Emirates Hills. Initially listed for around $200 million in 2023, the property was sold for approximately half that price, making it one of the most notable residential sales in Dubai’s history.

Adorned with gold leaf decorations, marble pillars, and ornate European finishes, the luxurious estate showcases the grandeur one might expect from a man who has spent decades at the pinnacle of global industry. With large courtyards, indoor fountains, a private cinema, and scenic views of the Montgomerie golf course, the mansion resembles a private resort more than a traditional home.

 

Emirates Hills

Emirates Hills: The Epitome of Luxury

Emirates Hills is renowned for being a place of exclusivity and luxury. Developed by Emaar this gated community, which features enormous lots ranging from 12,000 to more than 50,000 square feet, allowing residents to build fully customised houses. High-net-worth individuals have been drawn to the neighbourhood, including corporate tycoons and international celebrities.

Residents value the privacy, greenery, and ultra-luxury that Emirates Hills provides. Unlike Dubai’s more visible luxury communities, the properties here are hardly listed publicly and are often sold out before reaching the market. Homes in Emirates hills provides more than  just comfort—they offer prestige, tranquility, and lasting investment value.

 

A Strategic Move Amid Tax Reforms

Mittal’s acquisition coincides with reports that affluent people are looking into residency alternatives outside of the UK as a result of recent tax measures. Several wealthy individuals are reconsidering their residency in light of the UK government’s decision to eliminate the non-domiciled tax status. Mittal, who has reportedly considered leaving the UK, is one of several extremely wealthy people looking to live in the UAE because of its tax-friendly climate.

Emirates Hills

Dubai’s Booming Luxury Property Market

The luxury real estate market in Dubai has been booming, and the affluent investors are particularly from Indians and Saudi Arabia— leading the demand. As the demand for ultra-luxury real estate continues to rise, the city has emerged as a favourite choice for billionaires looking for luxurious residences. Mittal’s purchase demonstrates how the world’s elite continue to find Dubai’s upscale real estate market appealing.

Dubai’s real estate market is among the top in the world, with prices having increased by almost 70% in the last four years. Investors are still drawn to it because of its combination of safety, cutting-edge infrastructure, zero income tax policy, and worldwide connection.

Conclusion

The purchase of this luxurious property in Dubai’s Emirates Hills made by Lakshmi Mittal is not only a real estate transaction but also a well calculated decision that reflects broader trends among the wealthy worldwide.

As tax regulations change and demand for ultra-luxury real estate increases, Dubai continues to solidify its position as a haven for the world’s wealthiest individuals. In addition to obtaining an enviable piece of real estate, this move also positions Mittal an investor in one of the world’s fastest-growing luxury marketplaces.

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7 Resorts to Visit Around the World for Your Next Vacation  

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Photo: The Ritz-Carlton

There was a time when the hotel was simply where you stayed after a day of exploring. That has changed. Today, the resort can be part of the destination itself, shaping how travellers spend their time and experience the place around them.

These seven properties are designed around a specific landscape, pace, and idea of luxury, here are the resorts worth building a trip around right now.

 Qasr Al Sarab by Anantara, Abu Dhabi

Photo: Instagram/@ thetravelclubb

Two hours outside Abu Dhabi, the Liwa Desert opens into dunes that go on for miles. Qasr Al Sarab sits in the middle of it. Inspired by the region’s traditional forts, the resort has an unmistakably Arabian character, while its secluded setting keeps the atmosphere calm and far from the pace of the city.

Days here can begin with a drive across the dunes or a camel trek before moving into a quieter afternoon at the Anantara Spa, where treatment rooms look out over the desert. The setting makes it easy to put the usual pace of life aside and spend a little longer doing very little.

Mango House Seychelles, Mahé

Photo: Instagram/@ Arenatours

On Mahé’s northwest coast, Mango House trades big-resort energy for something smaller. Villas and suites face the Indian Ocean, with private terraces that put the water in front of you all day.

Gh Mango House keeps the pace deliberately easy, with the coastline and Indian Ocean views providing much of the appeal. It is a natural choice for couples who want to experience Seychelles at a slower pace, away from the busier resort crowds.

The Ritz-Carlton Maldives, Fari Islands

Photo: The Ritz-Carlton

In North Malé Atoll, The Ritz-Carlton Maldives is built around separation and service. Villas sit on their own beach coves or over the water, close enough for families to stay connected but far enough apart to feel secluded.

Each villa comes with an Aris Meeha, the resort’s dedicated island butler. With the Indian Ocean always within view, the experience feels discreet, relaxed and deeply personal.

Soneva Fushi, Maldives

Photo: Soneva

Soneva Fushi takes a different approach to island luxury, placing nature at the heart of the experience. Its villas are surrounded by dense tropical greenery, while the resort’s private-island setting encourages guests to slow down and disconnect, reflected in its “no news, no shoes” philosophy.

There’s Soneva Soul for wellness, a calendar of visiting experts through Soneva Stars, and multiple dining venues. For families, The Den is one of the largest kids’ clubs in South Asia.

Banyan Tree AlUla, Saudi Arabia

Photo: Accor

In Wadi Ashar, AlUla, Banyan Tree built an all-villa resort that sits low against the rock formations.

This is a destination for travelers interested in Saudi Arabia’s cultural sites who also want space to decompress. Days are spent exploring AlUla’s archaeology. Evenings are spent watching the light change over the cliffs from your villa terrace.

The Leela Palace Udaipur, India

Photo: Instagram/@ theleelapalaceudaipur

On Lake Pichola, with the Aravalli mountains behind it, The Leela Palace Udaipur connects a resort holiday to Rajasthan’s heritage.

Beyond the lake views, the property programs folk performances, Pichwai painting sessions, and guided visits to historic sites.

 Patina Maldives, Fari Islands

Photo: Instagram/@ makeplansholidays

Also in the Fari Islands, Patina Maldives approaches the Maldives differently. The design is contemporary: Beach and Water Pool Villas, plus Fari Studios, all built around light and open space.

The programming is what sets it apart. Picture tailor-made wellness, chef collaborations, and Cosmopolitan Ocean, a series of art and music installations with international creatives.

What ties them together

These resorts span deserts, lakes, and oceans. They serve couples, families, and solo travelers. But they share one principle: the location leads.

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Brands Founded by Emirati Women You Need on Your Radar  

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Photo: Soigne

Across jewelry, wellness, furniture, and luxury consulting, Emirati women are building brands that carry personal history and national identity into contemporary spaces. Here are six founders putting distinctly Emirati perspectives at the heart of modern brands.

Noora Shawqi — Noora Shawqi Jewellery

What began as an Instagram account in 2017 to share a love of fine jewellery became a full label a year later. Noora Shawqi is a certified Diamond Graduate from the Gemological Institute of America, holds a Diamond Grader certification from the International Gemological Institute, and completed training at L’Ecole Van Cleef & Arpels. Her collections translate travel, from Sri Lanka to Japan, into fine jewellery made in Dubai with local artisans. Her work has been featured in Vogue Arabia, Grazie Middle East, and JCK. In 2023 the brand also ran a CSR campaign focused on conserving coral reef systems.

Ghaliya Ahli — Gigi Dubai

Photo: Soigné Middle East

With a background in marketing and research, Ghaliya Ahli set out to build a brand. Gigi Dubai launched as the city’s first Lagree-method studio, centered on slow, controlled movements on a Megaformer machine. It has since grown into a lifestyle platform across two locations in Mirdif and Nad Al Sheba, built around design, community, and a calendar of events and pop-ups. Ahli has described wanting the space to move beyond neutral wellness aesthetics into something bolder and more culturally aware.

Maitha and Alya Al Suwaidi — Contemporary Spaces

Photo: Instagram-@aeworld_mag

Alongside their brother Obaid, sisters Maitha and Alya Al Suwaidi founded Contemporary Spaces after years spent inside their father’s furniture manufacturing factories. Officially launched in Dubai’s Al Quoz creative district, the studio channels that inherited craft knowledge into locally made furniture and interiors defined by structure, precision, and sculptural clarity, balancing heritage with a distinctly modern design language.

Fatma and Maryam Sahem — Khayal Jewellery

Khayal, the Arabic word for imagination, began when sisters Fatma and Maryam Sahem went looking for a piece of jewellery they had envisioned but could not find. That search became a brand defined by whimsy and fine craftsmanship. Collections draw inspiration from destinations including Japan, Morocco, and the Maldives. Their Enchanted collection later transformed the chequered pattern into a gemstone form, offering a different approach to how the motif could appear in jewellery.

Fatma Al Bannai — Baguette Design

Photo: Instagram – @ aeworld_mag

Before jewellery, Fatma Al Bannai’s creative instincts ran toward writing. That literary sensibility carries into Baguette Design, named after the baguette diamond cut she has favored since childhood. Each collection is conceived narratively, treated like a story translated into wearable form, with attention to line, proportion, and longevity.

Hala Al Gergawi — Tea Before Noon and Elevenish

Photo: Getty images

A former Managing Editor of Zahrat Al Khaleej magazine, Hala Al Gergawi began her entrepreneurial path in 2007 with a directory magazine spotlighting Emirati women-owned businesses. That project evolved into Tea Before Noon, relaunched in 2018 as one of the region’s first luxury lifestyle consultancies, helping global brands including Burberry and Dior localize their presence for GCC audiences. In 2021 she founded Elevenish, an online platform for abayas, fragrances, and accessories created by emerging Gulf designers. Al Gergawi has also served as UAE country office manager for Young Arab Leaders and previously sat on the Emirates Business Women Council.

Together these brands reflect a clear shift. They are building from local craft, personal archives, and regional insight, then producing work in the UAE for audiences both here and abroad. In doing so, they are moving Emirati women’s entrepreneurship from representation to ownership, and helping define what modern design in the region looks like.

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UAE to Mark Emirati Women’s Day With Month-Long Celebrations

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Photo: Getty images

The UAE will mark Emirati Women’s Day on August 28. Emirati Women’s Day is an occasion that celebrates the achievements of Emirati women and highlights their role in the development of the country. For the first time since Emirati Women’s Day started in 2015, the celebration will run for a full month, from August 28 to September 28 2026.

Photo: Emirate women

The expansion was announced by Her Highness Sheikha Fatima bint Mubarak, known as the “Mother of the Nation.” Sheikha Fatima chairs the General Women’s Union, presides over the Supreme Council for Motherhood and Childhood, and leads the Family Development Foundation.

She announced that this year’s Emirati Women’s Day would be observed for longer than a day. Celebrations will continue through the month.

This year’s theme is “Together We Rise Stronger and Better.” The theme takes a different approach, looking beyond individual success stories by Emirati women. Instead it places women’s achievements within families, workplaces, institutions and communities.

Her Highness Sheikha Fatima said Emirati women have reached their position with support, from families, institutions and Emirati men. She also added that Emirati women’s progress also strengthens the UAE as a whole.

Photo: Getty images

In line with that, this year’s program will also honour men who have supported women’s advancement, reinforcing an emphasis on partnership over competition.

The month-long celebration is part of the Mother of the Nation’s 50:50 Vision, a long-term initiative that looks ahead to 2075 and the role of women in the UAE over the next 50 years.

The observance falls on August 28 each year, a date that also marks the founding of the UAE’s General Women’s Union in 1975. Since then, the occasion has become an annual opportunity to celebrate Emirati women and recognize their contributions across the country. Emirati women currently hold roughly 63 percent of leadership positions across the government sector and 50 percent of seats in the Federal National Council.

Photo: reflection_stars_pr

With the celebration now stretching across a full month, government entities, businesses, and hospitality venues across the UAE are expected to mark the occasion with initiatives, recognition programs, and public events, according to organizers, with further details to be announced by participating organizations in the lead-up to the month- long program.

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