DMCC and REIT Development have announced the launch of the ‘Crypto Tower’ in Jumeirah Lakes Towers (JLT), Dubai. The 17-storey building will cater to the growing blockchain, decentralised finance (DeFi), and Web3 sectors, further cementing DMCC’s status as a global hub for advanced technologies. Spanning over 150,000 square feet, the tower will offer nine floors of office spaces for crypto startups and established firms, three floors for blockchain incubators and venture capital companies, and one floor dedicated to AI innovation, powered by Chatoshi.ai.
The tower will feature state-of-the-art facilities, including a 10,000-square-foot indoor event space, a 30,000-square-foot exclusive crypto club, and a 5,000-square-foot secure vault for valuables. It will also integrate blockchain technology for tenant transactions through on-chain voting and smart contracts, aiming to increase transparency and streamline operations.
Ahmed Bin Sulayem, executive chairman and CEO of DMCC, said: “The Crypto Tower is a revolutionary project combining blockchain, Web3, and real estate, offering cutting-edge facilities to drive innovation and technology in Dubai.” Brenda Stratton, communications director at REIT Development, added: “By integrating blockchain with real-world construction, we are creating a central hub for the crypto community, setting a new standard for transparency.”
The tower will also include unique features like an NFT art gallery, a gold bullion shop, and an exotic car showroom, creating a multifunctional space for technology, finance, and lifestyle. Construction is set to be completed by Q1 2027, with full operations to follow, positioning it as a key part of DMCC’s expanding ecosystem and Dubai’s growing blockchain landscape.
