Business Standard

Thursday, December 26, 2024 | 11:42 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

Billionaire's abrupt death leaves Dubai ruler to untangle messy inheritance

Al Futtaim's inheritance was left unresolved when the octogenarian died in December. While the villa was intended as a residence for him and his third wife

Dubai mall
Premium

Majid Al Futtaim Holding controls $16.5 billion in assets, including the opulent Mall of the Emirates | Photo: bloomberg

Bloomberg
In a particularly exclusive corner of Dubai, a modern-day palace with moorish arches and an imposing gateway is rising from the desert, despite uncertainty over who will live there. 

As dozens of workers bustle on the sprawling lot adjacent to the fine sand of Al Mamzar beach, local authorities are agonising over the villa and the rest of the estate of Majid Al Futtaim, the deceased patriarch of a shopping and entertainment empire that’s an anchor of Dubai’s economy. 

Al Futtaim’s inheritance was left unresolved when the octogenarian died in December. While the villa was intended as a residence for him and

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in