Dubai Multi Commodities Centre (DMCC) and REIT Development, a leading real estate developer, have unveiled the landmark ‘Crypto Tower’ in Jumeirah Lakes Towers (JLT).
This groundbreaking project will support DMCC’s rapidly growing community of blockchain, DeFi and Web3 companies, reinforcing its status as a global hub for innovation and advanced technologies. Complementing the DMCC Crypto Centre’s existing headquarters in Uptown Tower, the new tower will fuel innovation, collaboration and business growth.
The 17-storey project will include advanced infrastructure and cutting-edge facilities, integrated with advanced AI solutions powered by Chatoshi.ai. Spanning over 150,000 square feet of leasable space, the tower will feature nine floors of advanced offices tailored for crypto startups and established businesses. Three additional floors will support blockchain incubators, venture capital firms and investment companies, while a dedicated floor will cater to artificial intelligence (AI) innovation, powered by Chatoshi.ai.
The integration of blockchain technology will enhance tenant interactions and transactions through the use of on-chain voting mechanisms, shared resources, smart contracts and other automated services. This will foster trust, transparency and efficiency, setting a new standard in community decision-making and management.
Ahmed Bin Sulayem Executive Chairman and CEO – DMCC
“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 leasable space, including nine office floors, three dedicated floors for blockchain incubators, an AI innovation floor, a crypto club, gold bullion shop and vault storage area, the tower will provide a range of cutting-edge facilities and services for the benefit of our members. The launch of Crypto Tower is both a real-world 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 consolidate Dubai’s position as the world’s leading innovation hub.”
The landmark development will feature a 10,000-square-foot indoor event space, complemented by a 3,500-square-foot outdoor area for crypto and blockchain events. The top three floors will feature an exclusive 30,000-square-foot crypto club, providing premium networking and leisure amenities to promote collaboration and networking within the blockchain community.
The Crypto Tower will also include high-end features such as an NFT art gallery, a gold bullion shop, an exotic car dealership and a dedicated vault storage area offering 5,000 square feet of secure space for valuables including gold, cash and cold wallets. This multifunctional development will set a new benchmark for integrating technology, finance and lifestyle into one space, offering a seamless and secure environment to crypto players.
Brenda Stratton, Communications Director, REIT Development, added that, “By combining blockchain technology with real-world construction in Dubai’s DMCC, we’re 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.”
REIT Development, a pioneer in integrating cutting-edge technology and sustainability into real estate, is spearheading this landmark development. Construction is anticipated to be completed by Q1 2027.
