Dubai Multi Commodity Center and REIT Development has announced plans for a 17-storey Crypto Tower at Jumeirah Lakes Towers.
The tower will feature blockchain-powered tenant services that foster innovation in blockchain, decentralized finance, and artificial intelligence. With 150,000 square feet of leasable space, the building is aimed at accommodating Dubai's growing community of blockchain, DeFi and Web3 companies.
Construction of the crypto tower is expected to be completed by the first quarter of 2027, according to a DMCC release.
The tower will consist of nine floors of offices for crypto startups and established companies, three floors for blockchain incubators and venture capital firms, and a dedicated floor for AI innovation powered by Chatoshi.ai.
Tower tenants use blockchain technology
Crypto Tower integrates advanced infrastructure that supports tenant interactions using blockchain technology. These services include on-chain voting, smart contracts, and automated processes to increase transparency and operational efficiency.
Additional features include premium amenities such as 10,000 square feet of indoor event space, a three-story private crypto club, an NFT art gallery, a gold bullion shop, and secure vault storage.
Underscoring Dubai's innovation vision, DMCC CEO Ahmed bin Sulayem said: “Crypto Tower is a real-world demonstration of the future of Web3 and reinforces Dubai's position as a leading innovation hub. It is also a statement of our intention to make this happen.”
