Baroness Michelle Mone OBE and Doug Barrowman announce 250 million pounds Dubai property development accepting Bitcoin payment
Source: Brightbee for Aston Property Ventures , Author: Posted by BI-ME staff
Posted: Thu September 14, 2017 10:58 am

UAE. --Aston Property Ventures -- (6th September 2017). Today, Baroness Michelle Mone OBE launches her biggest business venture yet – a £250 million development of two luxury apartment towers and shopping mall in the heart of Dubai.

This is the first joint business venture between the two business icons Baroness Michelle Mone OBE and businessman and philanthropist Doug Barrowman, the chairman of the Knox group of companies, which includes Aston Property Ventures. The initial tranche of 150 apartments is, for the first time, available to the cryptocurrency community to buy directly from the property developer in Bitcoin.
Baroness Michelle Mone of Mayfair OBE, commented: “I am thrilled to be launching a project of this scale in the property sector. This is also a natural progression from the launch of Michelle Mone Interiors – bringing together my two passions in business for the first time; design and property.
“I have ensured, along with my business and life partner Doug, that our new development in Dubai offers exceptional homes to professionals and young families. The towers have been designed with community at its core and cater to those looking for style, lifestyle and convenience, in a beautiful location.
“Doug and I are trailblazers in our own business sectors, so of course we wanted this to be different, unique and exciting - not just in the property world, but also in tech. This is why it is the first-ever development to be priced in Bitcoin. It is a launch of many ‘firsts’ in business and I look forward to an exciting project ahead for myself, Doug and the team.”
Doug Barrowman, chairman of the Knox group of companies, said: “This is a project I have worked very hard on for some time and the Dubai development is the pinnacle of design, architecture and commerciality. That said, I didn’t feel this was enough. I wanted to offer the property, tech and blockchain community a unique and exclusive opportunity by merging the property and tech sectors together in a true first for the industry.
“Bitcoin’s meteoric rise in a few short years means it’s now the most widely adopted cryptocurrency in history. This is exactly why we are the first property development ever to be priced in Bitcoin. I believe, as it gains mainstream adoption, many will follow our lead on this. I would, as I have done throughout my career in business, like to be the one who starts the trend, a very exciting one at that.”
Pre-sales in the highly anticipated selection of 1,133 studio, one- and two-bedroom apartment development have already reached 450, indicating the success of the development to date. Aston Plaza & Residences, due for completion in September 2019, offers high achievers and young families the very best of lifestyle, leisure and convenience in the progressive Dubai Science Park.

Floor-to-ceiling windows in the apartments boast unobstructed views of the Dubai Hills and the iconic city skyline. A selection of residences offer balconies and private terraces, and all come with opulently designed fitted kitchens, complete with quality integrated appliances.
The development, designed by renowned architects John R Harris & Partners, features bold architecture, relaxing, open and sociable communal areas, designed by Michelle Mone Interiors, and a podium level leisure deck with retail, recreational and sports amenities. The Plaza includes over 120,000 square feet of retail right on their doorstep, complete with convenience stores, a leading supermarket and an array of boutiques, cafes and restaurants.
The Aston Club provides residents and their guests with complimentary access to an impressive range of amenities and services, designed to enable social connectivity and a strong sense of community. The complex offers residents myriad of leisure facilities, including swimming pools, a gymnasium, tennis courts, a running track and children’s play areas to name a few. It also comes with a dedicated Zen pavilion for Yoga, Pilates and meditation, where residents can escape and unwind.
The apartments are conveniently located in the heart of Dubai, between the two main airports and with award-winning schools nearby. It is a five-minute car journey from the Mall of Emirates (should we be promoting another mall?), 10 minutes to Dubai Marina and the Palm and 20 minutes to Downtown Dubai. The development comes with ample parking space and is within walking distance of the future Metro line extension.
Studio apartments will start in price from approximately 33 BTC* and packages for interior design services and furniture will also be offered to purchase in bitcoins. Investors can expect to receive generous nine percent rental returns on their investment after completion.
Industry-leading bitcoin payments platform BitPay will be processing the bitcoin transactions. The company already provides bitcoin payment tools to companies such as Microsoft and even Richard Branson's space venture Virgin Galactic.

“Bitcoin payments offer a significant leap forward for high-value international payments," said Stephen Pair, CEO and co-founder of BitPay. "These property purchases can now happen in minutes from anywhere in the world with the speed of sending an email. We are pleased to partner with Lady Michelle Mone OBE, Doug Barrowman, and the Knox Group of companies on this exciting opportunity for Bitcoin and for property payments.”
For further information, please visit the website:
*Price correct as of 25 August 2017

Photo Captions: 1. (above)   Baroness Michelle Mone OBE  (Photo credit: Dan Kennedy)
                             2. (inset)     For illustrative purposes only (File photo) 

About Aston Plaza and Residences

Residences ranging from studios, 1, & 2 bedroom units
1,133 residential units, spanning a total area of 2.4 million sq.ft.
Unobstructed views of Dubai Hills and City Skyline
Four basement floors with ample parking space
Bold architecture with open spaces & solid surfaces
Lively and energetic podium level leisure deck
Natural fabrics in external & communal areas
Fitted kitchens equipped with quality appliances
Floor-to-ceiling windows taking advantage of iconic views
Selection of units with balconies and private terraces
Studio - Average Price 133,000 USD, approximately 33 BTC
1 Bedroom - Average Price: 239,000 USD, approximately 58 BTC
2 Bedroom - Average Price: 379,000 USD, approximately 92 BTC
About The Plaza and Retail
The Plaza has three dedicated retail floors covering 123,283 sq.ft.
Range of convenience stores including a leading supermarket
Vast array of boutiques, cafes and restaurants
Plant-filled spaces and shaded seating areas
About The Aston Club

•      Large swimming pool along with a family and children’s jet pool
•      Well-equipped gymnasium with changing rooms
•      Generous relaxing and entertaining space incorporating an open-air cinema
•      Safe soft play areas for children
•      Exciting children’s playground with climbing frames, swings, slides and tunnels
•      Wide track for running and walking
•      Billiard and table tennis rooms for competitive fun
•      Private residents’ lounge
•      Gardens with private seating areas
•      Dedicated Zen pavilion for yoga, Pilates and meditation
•      Barbecue and picnic areas for entertaining family and friends
•      Multi-purpose sports area for soccer, basketball, volleyball & badminton
•      Tennis court for a healthy lifestyle
•      Wi-Fi Spots in communal relaxation areas
•      Car charging stations and dedicated bike stands
About Cryptocurrency and Bitcoin
Bitcoin is a cryptocurrency that uses decentralised technology called the blockchain for secure payments. Storing cryptocurrencies doesn’t require banks, and securely sending money internationally takes minutes with minimal fees. Investors in Bitcoin have enjoyed a huge growth in the value of their holdings in recent years.
The current popularity of Initial Coin Offerings (ICO), a token-based method of fundraising for blockchain-based start-ups, has demonstrated there is huge demand for crypto-investors to diversify their assets. Until now, direct investment in property by paying in bitcoin has not generally been possible.
About The Knox Group of Companies 
With a strong British heritage and a stellar reputation for excellence, the Knox group of companies is an independent group of dynamic businesses employing over 300 people and has over £1.5 billion of assets under management and administration. Specialising in financial, investment and property management, the group of companies cater to a diverse and expanding client base around the world, yet years of professional expertise and collective strength ensures that every partner and project bearing the Knox name is a resounding success.



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