50 Luxury Flats Sold by British Entrepreneurs for Bitcoin in Dubai

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British Entrepreneurs Sold 50 Luxury Flats for Bitcoin in Dubai

According to the reports, two entrepreneurs from the UK – the founder of the Ultimo lingerie brand baroness Michelle Mone and her billionaire partner Douglas Barrowman sold 50 luxury apartments in Dubai.

The $325 mln luxury development Aston Plaza and Residences was begun in Dubai in September 2017 and said to be completed by 2020. According to the announcement of the project, Mone and Barrowman promised to offer 150 out of the 1,300 apartments for Bitcoin.

The entrepreneurs told that 50 of those apartments have been already sold and some of the buyers purchased two apartments each and one person bought ten of them.

The plaza will offer several attractions and basic facilities to future residents including food, beverage and retail shops, supermarket, swimming pool, play area, a potential medical center, gym, and tracks for walking and running.

The prices of the studio apartments start from 15 to 16 BTC, around 132,976$. One bedroom apartments cost around 25 to 27 BTC (approx. $223,057) while two bedroom apartments are priced at 38 to 41 BTC (approx. $343,165). The payment can be made via global BTC payment service BitPay.

This is not the only cryptocurrency project led by Barrowman and Mone. Both of them are planning to launch a $75 million ICO which will offer ‘Equi’ tokens for the ‘Equi’ platform. Barrowman explained that the website will provide investment opportunities to people.

Barrowman said:

“I like to see this crypto space being used to buy real-world assets. That’s the spirit of Equi as well. It’s transcending the crypto space into the physical and real world.”

Nishanth Shetty

Nishanth Shetty is a technical writer, author and a crypto-advisor working at Cryptofame. Based in the city of dreams, Mumbai, on the west coast of India. He holds a bachelors degrees from Mangalore University. Nishanth has a myriad experience of technical writings for tech brands. His interests include technology, travel, and food.