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Dubai Multi Commodities Center and REIT Development have revealed plans for a 17-story crypto Tower at Jumeirah Lakes Towers.
The tower will feature blockchain-powered tenant amenities to foster innovation in blockchain, decentralized finance, and artificial intelligence. With 150,000 square feet of leasable space, the building aims to house the growing community of blockchain, DeFi and Web3 companies in Dubai.
Construction of crypto Tower is expected to be complete in the first quarter of 2027. <a target="_blank" href="https://dmcc.ae/latest-news/dmcc-and-reit-development-unveil-landmark-crypto-tower-in-jlt#:~:text=DMCC%20and%20REIT%20Development%2C%20have,for%20innovation%20and%20advanced%20technologies” target=”_blank” rel=”nofollow”>according to a DMCC version.
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 one floor dedicated to artificial intelligence innovation powered by Chatoshi.ai.
Tower tenants will use blockchain technology
crypto Tower will integrate advanced infrastructure to support tenant interactions using blockchain technology. These services will include on-chain voting, smart contracts and automated processes to improve transparency and operational efficiency.
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Additional features will include a 10,000-square-foot indoor event space, a three-story exclusive crypto club, and premium amenities such as an nft art gallery, gold bullion store, and secure vault storage.
Ahmed Bin Sulayem, CEO of DMCC, highlighted Dubai's innovation vision and said: “The crypto Tower is both a real-world demonstration of the future of Web3 and a statement of our intention to solidify Dubai's position as leading innovation center”.
