50 Luxury Flats in Dubai Sold in Bitcoin

A batch of 50 Dubai luxury flats offered for sale in Bitcoin have all been snapped up.

Lingerie tycoon Michelle Mone and her billionaire partner Doug Barrowman announced plans last September for a $327 million (£235.7 million) property development in Dubai that would see apartments offered for sale in Bitcoin.

Barrowman told Business Insider earlier this month:

“We allocated 50 out of 1,300 developments. We’ve sold all out. Some bought ones and twos, and one individual bought ten.”