The Arab Emirates stunned the whole world with its Blockchain integration in government functionalities a few months back. The pro-cryptocurrrency nation has kept up with the rhythm with their latest collaboration between the digital form and real estate market. The latest Bitcoin news is two Dubai based business luminaries Douglas Barrowman and Baroness Michelle Mone, have recently announced the sale of a residential property spread across 2.4 million sq. ft. in exchange of Bitcoin. This will mark the first integration of Bitcoin with the property market.
1133 studio, single and double bedroom apartments located in Dubai’s Science Park will be put up for sale once the background work gets completed within the scheduled timeframe of September 2019. A synergic partnership in between bitcoin payment processor Bitpay and Knox Group will transform this vision into a breath-taking reality wherein you can sit back and relax in the plush apartments having a serene view of the city’s skyline and hill range.
The project which merged in industry bigshots from architecture field such as John R Harris & Partners and Michelle Mone Interiors will delight its residents with boutiques, supermarket, cafes and restaurants. Such studio properties will come with a price tag of 33 BTC for starters. The investors who wish to proceed with the same will also be at the receiving of ample benefits as per the real estate agency. Prospective home buyers can also purchase furniture and avail interior designing services using their Bitcoin wallet.
Also Read: After Expedia, Uber May Start Accepting Bitcoin In Payments.
Baroness Michelle Mone wishes to bring forward the best of both worlds through critically thought out partnership in between property and design. Knox group chairman Douglas Barrowman feels that the project which was in pipeline for quite some time now experienced a curtain raiser at an exact time with the Dubai property market undergoing significant boom. The recent association with technology is sure to garner great results weighing on the shoulders of Bitcoin’s mammoth technical strides. The Aston Development properties have also announced 9% rental returns for initial investors once the construction is completed.
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