The tower will feature blockchain-powered tenant services to foster innovation in blockchain, decentralized finance, and artificial intelligence.
Dubai Multi Commodities Centre (DMCC) and REIT Development have announced the construction of a 17-story Crypto Tower in Jumeirah Lakes Towers (JLT).
The tower will house blockchain-powered tenant services to foster innovation in blockchain, decentralized finance (DeFi), and artificial intelligence (AI).
Spanning 150,000 square feet of leasable space, the building will cater to the growing community of blockchain, DeFi, and Web3 companies in Dubai.
According to a DMCC release, the Crypto Tower is slated for completion in the first quarter of 2027. The tower will feature nine office floors for crypto startups and established firms, three floors for blockchain incubators and venture capital firms, and a dedicated floor for AI innovation powered by Chatoshi.ai.
Ahmed Bin Sulayem, Executive Chairman and Chief Executive Officer of DMCC, stated, “The Crypto Tower is both a real-world demonstration of the future of Web3 and a statement of our intent to solidify Dubai’s position as the leading innovation hub.”
Highlighting Dubai’s vision for innovation, Bin Sulayem added, “This tower will provide a best-in-class environment for the world’s leading blockchain, DeFi, and AI companies to collaborate, create and launch the next generation of technologies that will shape the future of finance, technology, and human interaction.”
The 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 enhance transparency and operational efficiency.
Other features of the Crypto Tower will include a 10,000-square-foot indoor event space, a three-floor exclusive crypto club, and premium amenities such as an NFT art gallery, a gold bullion shop, and secure vault storage.
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