A Revolutionary Approach to Real Estate
In an era where technology and finance collide, two daring entrepreneurs from the UK are redefining luxury property sales. Baroness Michelle Mone, the brains behind Ultimo lingerie, and her billionaire partner Douglas Barrowman have embarked on a bold journey, selling high-end apartments in Dubai with a twist—accepting Bitcoin!
The Aston Plaza Development
Launched in September 2017, the Aston Plaza and Residences boasts 1,300 apartments and a hefty price tag of $325 million. This ambitious project has garnered attention not just for its opulence but because it is set to be completed by 2020. It’s like waiting for the next season of your favorite show—except this is real estate.
Bitcoin: More Than Just Digital Currency
The duo initially promised to list 150 of the apartments exclusively for Bitcoin purchases. While many might think that’s just a fleeting trend, Mone and Barrowman are adamant that this innovative approach is here to stay. Buyers can choose from cozy studios for $130,000 (about 15.5 bitcoins, depending on the day’s price) to spacious two-bedroom apartments that go for $380,000 (around 45 bitcoins). Who says cryptocurrency can’t buy you a slice of luxury?
Early Sales and Buyer Insights
As reported by Business Insider, the project has already sold 50 apartments, with some buyers going for two or more. One adventurous soul even snapped up ten! Clearly, the allure of luxury living combined with modern currency is appealing to many.
What Lies Ahead?
While Mone and Barrowman have created a buzz, they are not ready to unleash another batch of apartments yet. Instead, they are fielding inquiries from potential buyers. Barrowman mentioned, “We are awaiting the right moment to unveil our next offerings. Cryptocurrency in real estate is just the beginning!”
Equi: The Next Big Thing?
Their venture doesn’t stop at plush apartments. On February 6, Business Insider reported on the Initial Coin Offering (ICO) for Equi, a new investment platform built on Ethereum. It seems that Mone and Barrowman are not just selling luxury—they’re also giving investors the chance to dive into the digital currency landscape.
