A Dubai-based lingerie tycoon has successfully sold 50 apartments in exchange for Bitcoin this February. Located in Science Park Dubai, these apartments will give people a chance to live close to Dubai’s famous landmarks, including Burj Khalifa (tallest building in the world) and the Dubai International Airport.
The project is worth $2.4 million dollars and includes more than 1,300 apartments, launched in September 2017. The company behind it is Aston Developments that is owned by Knox group of companies. The sell of 50 apartments for Bitcoin includes the founder and Chairman of Knoxx, Douglas Barrowman who partnered with the Baroness Michelle Mone of Michelle Mone Interiors and the lingerie company Ultimo, to sell $325 million worth of apartments for Bitcoin.
According to Barrowman, the company allocated 50 out of 1,300 developments so far, and they have sold everything out. Bitcoin users here were given a golden opportunity to invest their cryptocurrency in property.
Mone also pointed out that the sales went good, and that they built relationships with younger investors. According to the website, more than 400 apartments have been sold to young investors. However, the purchasing process is still in ‘Stage 1’ and is offering 150 apartments – with 132 of them currently available for sale.
Barrowman and Mone are planning even more in the future. They will supposedly launch a $75 million ICO which will offer ‘Equi’ tokens for their new Equi platform, designed to provide investment opportunities to people.
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