A 19-year-old model claims to have sold her virginity online for £2m to a wealthy Abu Dhabi businessman.

The American teenager, who goes by Giselle, made the controversial transaction via the German-based website Cinderella Escorts and intends to use the money to fund her university tuition fees, reports The Sun.

“I would never have dreamed that the bid would rise so high and we would have reached 2.5 million euros. This is a dream come true,” Giselle said.

The model believes the act of selling women’s virginities online is liberating, adding that it shocks her that so many people are against it.

"If I want to spend my first time with someone who is not my first love, that’s my decision," she said.

The website works by auctioning off women’s virginities to the highest bidder.

In this instance, it was a businessman from Abu Dhabi and Giselle will be accompanied by a security guard to meet with him.

Cinderella Escorts first made headlines in 2016 after an 18-year-old Romanian model, Alexandra Kefren, reportedly sold her virginity to a Hong Kong businessman for £2m.

"I wanted to sell my virginity with Cinderella Escorts rather than giving it to a future friend who might have left me anyway," Kefren told The Star.

The site is run by 27-year-old Jan Zakobielski in Dortmund, Germany.

According to an interview with Forbes, Zakobielski takes 20 per cent of the profits from transactions made via his site.

He also explained that he would never agree to auction a girl who is not mature enough to know what she wants or is “psychologically not okay.”

However, sexologists aren't convinced that virginity auction sites such as these should even exist today.

"Virginity auctions are outdated and antiquated," Shan Boodram told Vice.

(Cinderella Escorts ( Cinderella Escorts )

“On our website you will find a video where girls from all over the world talk about the reasons to sell their virginity. Girls from Australia, Europe, Africa, North and South America. From Arab countries and Asian,” said a Cinderella Escorts spokesperson.

"This shows us that the desire to auction a virginity is no exception.