Homes for Sale in Dubai with Bitcoin

You can now buy an apartment in Dubai for 50 bitcoins.

A new opportunity for bitcoin fans is also in Dubai. The first 150 apartments for sale will be traded in bitcoin.

As Aston Plaza and Residences are pegged to dollars, prices may vary, but you can buy studio apartments for 30 bitcoins and one bedroom apartments for around 50 bitcoins ($242,000).

The bitcoin price stabilizes for 15 minutes after a buyer decides to continue with their online purchase.

British lingerie entrepreneur and partner of the project, Michelle Mone, said in October more for people interested in conventional currency buying. More flats will be offered.

Moore told CNNMoney, “We want to give the Bitcoin world an opportunity. A great way for Bitcoin users to convert their bitcoins into real and tangible buildings.

The complex in Dubai Science Park consists of two towers, a swimming complex, an open-air cinema and a shopping mall. Buyers will also be able to pay for interior design with bitcoin.

While the volatility in bitcoin prices is as high as ever, the crypto coin is currently down to $4300.

16 in Izmir. Building For Sale to Bitcoin

However, Mone stated that after a sale is made, the firm will immediately convert bitcoins to dollars and will not hold bitcoins.

BitPay, which provides bitcoin payment services, will process the transactions.

Mone stated that a total of 432 flats in the development area are reserved for sale with bitcoin. The project is planned to be completed by September 2019.

There are 1,130 flats in total, and Bitcoin users will be able to buy flats with digital money after the first 150 are sold.