Two British entrepreneurs, the founders of Ultimo, Michelle Monet and her billionaire partner Douglas Barrowman, sold about 50 luxury apartments in Dubai, as they promised initially the prices were nominated in bitcoins, Business Insider reported February 10.
Luxury construction projects Aston Plaza and Residences, worth $ 325 million, were launched in Dubai in September 2017, the construction should be completed in 2020. After the announcement of the project, Monet and Barrowman promised to put up for sale 150 out of 1,500 apartments in the Aston complex for bitcoins.
Already by February, fifty of these apartments were sold, as entrepreneurs reported to the publication Business Insider. Michel Monet added that some of the buyers bought two apartments and one of the buyers bought ten at once.
The real estate sold for bitcoins in class varies from studios costing $ 130,000 apiece (approximately equal to 15.5 bitcoins, at the time of publication) to two-bedroom apartments for $ 380,000 apiece (approximately 45 bitcoins).
As CNBC already reported, in September of last year, the pair initially planned to sell 150 apartments for bitcoins and this was “the first real estate transaction of this size.” Barrowman comments that they are still receiving requests for purchase, but have not yet put up for sale another batch of apartments.
On February 6, Business Insider reported the initial placement of Mone’s and Barrowman’s Equi (ICO) token on the VC investment platform (based on Ethereum).