Bollywood celebrities always had keen interest in the property market and many have made huge investments in this sector over the years.
Apparently the said celebrity, whose name is being carefully kept away from the limelight, is in talks to potentially buy a $19m man-made island off the coast of Dubai for use as a private resort.
The said island which is part of The Royal Island Beach Club, the first development to open on Dubai developer Nakheel’s world islands project, is being sold for AED70m ($19.06m) is one of several islands to go on the market.
The sale, includes the entire 419,000 sqft (127 sqm) Lebanon Island, which features a beach club, chalets, water sports, a “ready beach” and pool.
The construction of the 300 artificial islands making up The World began in 2003 and finished in 2008. Interestingly apart from the Bollywood celebrity, the sale has also attracted a lot of interest from potential investors from Russia, Iran and Pakistan.