DMCC and REIT Announce Crypto Tower Construction in Dubai

DMCC and REIT Development have joined forces to construct a groundbreaking 17-storey Crypto Tower in Dubai's Jumeirah Lakes Towers (JLT). This innovative project aims to support the rapidly growing community of blockchain, DeFi, and Web3 companies, further cementing Dubai's status as a global hub for innovation and advanced technologies.

The Crypto Tower will feature cutting-edge infrastructure and state-of-the-art facilities, seamlessly integrated with advanced AI solutions powered by Chatoshi.ai. With over 150,000 square feet of leasable space, the tower will offer nine floors of advanced offices tailored for crypto startups and established businesses. Additionally, three floors will support blockchain incubators, venture capital firms, and investment companies, while a dedicated floor will cater to artificial intelligence (AI) innovation.

Blockchain technology will be used to streamline tenant interactions and transactions through the use of on-chain voting mechanisms, shared resources, smart contracts, and other automated services. This integration aims to build greater trust and transparency, reduce administrative load, and set a new standard in community decision-making and management.

Ahmed Bin Sulayem, Executive Chairman and Chief Executive Officer of DMCC, commented, "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 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 house an exclusive 30,000-square-foot crypto club, providing premium networking and leisure amenities designed to foster high-level collaboration and networking within the blockchain community.

In addition to the core facilities on offer, the Crypto Tower will 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 standard for integrating technology, finance, and lifestyle into one space, creating a seamless and secure environment for the world's leading crypto players.

Brenda Stratton, Communications Director of 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. Every expense is on-chain, setting a new standard for transparency in the industry."

Construction is expected to be complete by Q1 2027, with full operations beginning shortly thereafter. For more information and exclusive updates, subscribe to the official Crypto Tower newsletter at .

The Crypto Tower project is a testament to Dubai's commitment to embracing innovation and technology, further solidifying its position as a global leader in the blockchain and advanced technologies sector. As the project progresses, it is expected to attract a diverse range of blockchain, DeFi, and Web3 companies, fostering collaboration and growth within the community.