England football star David Beckham has given his $16 million mansion on Dubai's Palm Jumeirah to the parents of his pop singer wife Victoria, press reports said on Sunday.
British weekly tabloid News of the World reported on Sunday that Beckham has given the keys to the waterfront villa on the palm-shape artificial island to his in-laws Tony and Jackie Adams, parents of ‘Posh' Spice Girls singer, Victoria.
"David realised he was not going to be able to spend any time in Dubai," said a source close to 32-year old Beckham, who now plays for Los Angeles football team, LA Galaxy.
"He's got his commitments in Los Angeles and it's a long trip, especially when he still has to spend a lot of time in London - so he discussed it with Victoria and decided that the Dubai place would be a really special present for her parents."
The house, which the Beckhams bought in 2002 for $1.6 million, has rocketed in value by ten times due to Dubai's rise as a world-class tourism destination.
The newspaper also added that though David and Posh would still own the mansion, Tony, 61, and Jackie, 59, can decorate the house according to their own taste and spend as much time as they want there.
"He trusts them completely and knows the property will be in very safe hands," said the source to The News of the World. "He still retains legal ownership, but on a day-to-day basis it's to become their place."
Beckham purchased the luxury home within the prestigious Palm Jumeirah estate after a visit to the emirate before the football World Cup in 2002.
A number of other England football stars - including David's best friend Gary Neville, Michael Owen, David James and Joe Cole - have also bought properties on the Palm Jumeirah, according to The News of the World.For all the latest business news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
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