Image: DMCC
DMCC, Dubai’s leading international business district, and REIT Development have announced the launch of the highly anticipated ‘Crypto Tower’ at Jumeirah Lakes Towers (JLT), a new 17-storey project designed to support the rapidly growing community of blockchain and decentralized finance (DeFi) and Web3 in Dubai. The development aims to strengthen DMCC’s position as a global hub for innovation and advanced technologies.
Crypto Tower will include more than 150,000 square feet of rental space, including nine floors dedicated to advanced office space for crypto startups and established companies.
Additionally, three floors will house blockchain incubators, venture capital firms and investment firms, while another floor will be dedicated to artificial intelligence (AI) innovation, powered by Chatoshi.ai.
The building infrastructure will integrate cutting-edge AI solutions and state-of-the-art facilities to improve business operations.
Blockchain technology at its core
Blockchain technology will play a key role in streamlining tenant interactions and transactions through on-chain voting, smart contracts and other automated services. This integration aims to reduce administrative burdens, increase transparency and set a new standard in decision-making and community management.
Ahmed Bin Sulayem, Executive Chairman and CEO of DMCCcommented: “The Crypto Tower is a pioneering development that sits at the interface of blockchain, Web3 and real estate. With over 150,000 square feet of rental space, including nine floors of offices, three floors dedicated to blockchain incubators, an AI innovation floor, a crypto club, a gold bullion store and a safe storage, the tower will offer a range of state-of-the-art facilities. and services for the benefit of our members.
“The launch of Crypto Tower is both a concrete demonstration of the future of Web3, where transparency and ownership are ensured by blockchain technology, as well as a statement of our intent as we continue to solidify the position of Dubai as the world’s leading innovation center. .”
Crypto Tower Key Offers
The Crypto Tower will also feature a 10,000 square foot indoor event space, complemented by a 3,500 square foot outdoor space for crypto and blockchain-related events. On the top three floors, the tower will house an exclusive 30,000 square foot crypto club, designed to provide premium networking and entertainment amenities for high-level collaboration within the blockchain community.
In addition to its core offerings, the tower will incorporate high-end features such as an NFT art gallery, a gold bullion store, an exotic car dealership and a 5,000 square foot vault designed to safely store valuable items including gold, cash and cold wallets.
This multi-functional development aims to redefine the integration of technology, finance and lifestyle in a single space, creating a secure and transparent environment for the world’s leading crypto players.
Brenda Stratton, Director of Communications at REIT Development, added: “By combining blockchain technology with real-world construction in Dubai DMCC, we are creating a physical tower that serves as a central hub for the crypto community. Every expense is on-chain, setting a new standard for transparency in the industry.
The project, led by REIT Development, is known for its focus on integrating cutting-edge technology and sustainability into real estate developments.
Construction is expected to be completed in 2027
Construction of the Crypto Tower is expected to be completed by the first quarter of 2027, with full operations beginning shortly thereafter.
Once completed, the Crypto Tower will serve as a key part of DMCC’s growing ecosystem, complementing the DMCC Crypto Center’s existing headquarters in the Uptown Tower and further cementing Dubai’s status as a global leader in blockchain and advanced technologies.
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