The Dubai Multi Commodities Centre (DMCC) and REIT Development have unveiled plans to construct a 17-storey ‘Crypto Tower’ in Jumeirah Lakes Towers (JLT), Dubai.
The tower will offer over 150,000 square feet of leasable space, including nine floors dedicated to offices for crypto startups and established businesses. Three additional floors will accommodate blockchain incubators, venture capital firms, and investment companies, while a dedicated floor will focus on artificial intelligence innovation, powered by Chatoshi.ai.
Amenities will feature a 10,000-square-foot indoor event space, a 3,500-square-foot outdoor area for crypto and blockchain events, and a 30,000-square-foot crypto club occupying the top three floors. Additional facilities include an NFT art gallery, a gold bullion shop, an exotic car dealership, and a 5,000-square-foot vault storage area for valuables such as gold, cash, and cold wallets.
Blockchain technology will be integrated into tenant interactions and transactions through on-chain voting mechanisms, shared resources, smart contracts, and other automated services to enhance trust and transparency while reducing administrative tasks.
Ahmed Bin Sulayem, Executive Chairman and CEO of DMCC, stated, “The Crypto Tower is a pioneering development that sits at the interface of blockchain, Web3, and real estate.”
Brenda Stratton, Communications Director at REIT Development, added, “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.”
Construction is expected to be completed by the first quarter of 2027, with full operations commencing shortly thereafter.
