Aston Plaza and Residences is putting forth studios for 30 bitcoin, and one-room condos for around 50 bitcoin ($242,000),
despite the fact that the costs may fluctuate in light of the fact that they're pegged to the dollar.
Once a purchaser chooses to proceed with the buy online the bitcoin cost is settled for 15 minutes.
Michelle Mone, a British lingerie business visionary and accomplice in the task, said more flats would be offered in October for individuals inspired by purchasing in regular cash.
"We want to give an opportunity to the bitcoin world,"
she told CNNMoney.
"It's a good way for bitcoin users to trade in their bitcoin into bricks and mortar."
The development in the Dubai Science Park comprises of two towers, a swimming complex, an open air film and a shopping center. Purchasers can likewise pay with bitcoin for interior design.
One bitcoin is presently worth over $4,600. It has more than quadrupled since the beginning of the year.
In any case, Mone said the developer won't be clutching on to any bitcoin once a deal is made.
BitPay is said to assist them with the transactions!
"We're not in the currency trading market, we're in the development market... so as soon as someone buys in bitcoin we convert into dollars so the development is not at risk at all,"
she said.
Mone said 432 apartments in the development have officially sold off on customary cash. The undertaking is booked to be finished by September 2019.
There are 1,130 apartments altogether and Bitcoin clients will have the capacity to buy with the digital currency even after the underlying 150 are sold.