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Dubai sees sale of 50 bitcoin-priced units

February 13, 2018 11:00 AM
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Dubai sees sale of 50 bitcoin-priced units

Dubai – Mubasher: Over 50 apartment units in Dubai, priced in bitcoin currency, were sold out.

Developed by UK-based entrepreneurs Michelle Mone and Doug Barrowman, the prices of the sold homes ranged between 15 bitcoins ($120,000 or AED 450,000) and 45 bitcoins ($360,000 or AED 1.35 million), according to Business Insider.

“There was a mixture of buyers a lot of them fit the stereotype of early bitcoin devotees, a young male programmer in t-shirts,” Michelle Mone told the US-based business news website.

Mone and Barrowman's project in Dubai includes the construction of 1,300 units and is scheduled for completion by 2020.

"I like to see this crypto space being used to buy real-world assets,” Barrowman commented.


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