The buildings are scheduled for completion in 2020, and 150 of the flats will be available for purchase. Studios will be approximately AED622,000/ $170,411 (or 30 bitcoins), and a two-bedroom flat will be roughly AED1,820,000/$498,630 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.
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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