£250 million Bitcoin Development!
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Two developers Douglas Barrowman and Baroness Michelle Mone OBE have started a £250 million development in Dubai of two luxury apartment towers and a shopping mall.
The first 150 apartments can be purchased off plan from the developers using the cryptocurrency Bitcoin.
Studio apartments can be purchased from 33 BTC, with additional interior design requests and furniture also available for purchase with Bitcoin.
The development is planned for completion in the summer of 2019 and comprises of 1,133 studio, one and two bedroom apartments. This coincides with Brexit so maybe the developers know something we don’t!
Chairman of the Knox group, Douglas Barrowman, said: “This is a project I have worked very hard on for some time and the Dubai development is the pinnacle of design, architecture and commerciality.
“Bitcoin’s meteoric rise in a few short years means it’s now the world’s leading cryptocurrency. This is exactly why we are the first property development ever to be priced in bitcoin.
“I believe, as it gains mainstream adoption, many will follow our lead on this.”
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