All 50 apartments listed in Bitcoin, sold out in Dubai
February 27, 2018 - Dubai
Aston Plaza & Residences has successfully sold 50 apartments to Bitcoin users in February.
Located in Science Park Dubai, the apartments will offer residents the chance to live close to Dubai’s famous landmarks such as the tallest building in the world Burj Khalifa as well the Dubai International Airport.
The 2.4 million square feet project with almost 1,300 apartments was initially launched in September of last year.
It is currently being constructed by Aston Developments, which works under the parent company Aston Property Ventures owned by Knox group of companies.
Founder and Chairman of Knoxx, Douglas Barrowman, partnered with Baroness Michelle Mone of Michelle Mone Interiors and lingerie company Ultimo, for this crypto-friendly $325 million project.
Barrowman told Business Insider that, “We allocated 50 out of 1,300 developments. We’ve sold all out. Some bought ones and twos, and one individual bought ten.”
While Bitcoin users worldwide and specifically UAE were given a golden opportunity to invest their cryptocurrency, Mone told BI that most of those buyers “fit the stereotype of early bitcoin devotees”.
The pair, though, admit that the fluctuating price of Bitcoin has stopped them releasing another batch onto the market.
The price of the cryptocurrency hit its all-time high just before Christmas, falling just shy of the $20,000 dollar mark before falling back to around $9,000.
Source : CCN
Trends, real estate market, Bitcoin