Two entrepreneurs from the UK – the founder of the brand of lingerie Ultimo, Baroness Michelle Monet and her partner, billionaire Douglas Barrowman sold 50 luxury apartments in Dubai with bitcoin.
Of its intention to sell luxury real estate with bitcoin entrepreneurs, said in September last year.
The complex’s construction cost of 325 million dollars under the name Aston hotel & Residences was launched in Dubai in September 2017 and should be completed by 2020. After the announcement of the beginning of the Monnet project and Barrowman promised to sell 150 of 1300 apartments with bitcoins.
The entrepreneurs said in an interview with Business Insider that 50 of these apartments have already been sold. Michelle Monet added that some of the buyers bought two apartments, and one person bought ten.
The property is offered for bitcoins, ranging from studios, which cost 130,000 thousand dollars (which is approximately 15.5 bitcoins) to two-bedroom apartments for 380.000 dollars, or approximately 45 bitcoins.
It was the first major transaction of this type. Barrowman also said that they still get requests for the purchase of apartments with bitcoins, but the next batch is not yet ready for sale.