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Property

509, 2017

Property selling for bitcoin; Dubai based developers target ‘crypto-investors’ looking to diversify their assets

|5 Sep 2017|News|

Bitcoin’s newly-rich have just been offered another temptation as a new development in Dubai is being advertised to the community. The luxury apartments are part of “Aston Plaza Crypto," a complex with two 33-story residential towers and a three-story shopping mall. Under construction now, and costing £250 million, the units are estimated to be complete and ready to hand over to the owners in April 2019. Developer Knox Group is offering the studio, one, and two bedroom units to the cryptocurrency community priced in Bitcoin, although prices are pegged to a US dollar exchange rate. Prices range from 133,000 USD, approximately 30 BTC, to 379,000 USD, approximately 86 BTC, and include “a 15-20% discount for the first tranche of properties,” according to the Knox Group. “Packages for interior design services and furniture will also be offered to purchase in bitcoins.”

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