The announcement follows the auction at Christie's NY last month where the painting fetched a premium-inclusive $450m, the highest sum ever bid for a work of art.
Dating back to approximately 1500, "Salvator Mundi" smashed auction records when it went under the hammer at Christie's NY last month.
A Leonardo da Vinci painting of Christ that sold in NY for a record $US450 million ($591 million) is heading to a museum in the United Arab Emirates.
The Louvre Abu Dhabi, which is affiliated with the Paris original, opened in November, costing more than $1.3 billion to construct.
VW Exec Gets 7 Years In Jail For Role In Emissions Scandal
The judge sentenced Schmidt to five years in prison for the conspiracy count and a consecutive 24 months on the second count. He returned to Germany the same month where he was told about the existence of the software.
But The New York Times reported that, according to documents it reviewed, the mystery buyer was a little-known Saudi prince.
The newspaper said that the work will be lent or resold to museums, largely in the Middle East and Asia.
The painting is now heading to the recently opened Louvre Abu Dhabi Museum (above) to go on display.
The organization behind the museum became one of the most aggressive buyers on the global art market over the last decade.
The museum tweeted that "Da Vinci's Salvator Mundi is coming to #LouvreAbuDhabi", which was confirmed by Christie's, the auction house that handled the sale of the painting.
Pentagon Announces Troop Levels in Iraq, Syria
Marine waits to guide an armored vehicle towing an M777A2 howitzer to a firing position in Syria on May 14, 2017. Unlike Russia, the United States is not in Syria at the request or approval of the Damascus government.
He is a friend and associate of the country's 32-year-old Crown Prince Mohammad bin Salman bin Abdulaziz Al Saud.
The painting's previous owner, Dmitry E. Rybolovlev, a Russian billionaire, had paid $127.5 million for the painting in 2013, less than a third of its sale price last month, and he is still locked in litigation with the dealer who sold it to him over that price.
"We are delighted that the work will again be on public view", a Christie's spokesperson said of the record-setting painting.
Badar was reportedly so unknown to Christie's - the auction house in New York City that sold the painting - that the officials at the art house were still trying to confirm the prince's identity even after he made a $100 million deposit to qualify for the auction.
Salvator Mundi has a controversial history, with at least one expert doubting that it is the work of Renaissance master da Vinci.
Dallas Sheriff Lupe Valdez, former San Antonian, announces run for governor
Nonetheless, Democratic Party officials applauded her candidacy as another step to turning Texas blue next year. Valdez is one of only two female sheriffs in the state, and she is the only openly-gay female sheriff in Texas.