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It’s Now Possible To Use Bitcoin To Buy Luxury Apartments In Dubai

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A luxury development in Dubai Science Park is selling apartments for bitcoin. 

The buildings are scheduled for completion in 2020, and 150 of the flats will be available for purchase. Studios will be approximately AED622,000 (or 30 bitcoins), and a two-bedroom flat will be roughly AED1,820,000 or 85 bitcoins. 

The development is being overseen by Dubai-registered firm Aston Developments – a Knox Group entity. 

The developers, lingerie tycoon Michelle Mone and partner Doug Barrowman launched the project

And according to Business Insider, say it is aimed at investors who profited from the bitcoin boom, and want to convert bitcoin into physical assets. 

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