Published On: Wed, Sep 6th, 2017

British Property Developers Now Accepting Bitcoin Payments For Dubai Apartments

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British Baroness Michelle Mone and Doug Barrowman launch bitcoin-priced 2.4 million square foot real estate development in Dubai. Prices to start at 30 BTC currently equivalent to $139,755.

According to CNBC, British entrepreneurs Michelle Mone and Doug Barrowman have announced the opening of Aston Plaza and Residences in Dubai. The development will span more than 2.4 million square feet split across two 40-storey residential towers. The development will include a mall and be due for completion September 2019.
It is not the first residential property to sell for Bitcoin, however, there is substance in the developers’ claim that it will be the “first major development” to be priced in Bitcoin.
Baroness Michelle Mone explained:
Previously there’s been an apartment here and there’s been a house here and there, but never a £250 million development, so it’s really exciting to be involved in.

From Lingerie to Dubai Property Development
Baroness Mone founded luxury lingerie brand Ultimo in 1996 through her company MJM International. She also owns Michelle Mone Interiors, the interior design firm responsible for building the Dubai development’s main walkways and reception areas.
In addressing Bitcoins regulatory concern, Mone stakes her reputation …

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