DMCC and REIT Development have revealed plans to build a 17-storey crypto tower in Jumeirah Lakes Towers.
The tower will contain blockchain-powered tenant services to promote blockchain innovation. Decentralized financeand artificial intelligence. With a leasable area of 150,000 square feet, the building aims to accommodate the growing community of blockchain, DeFi and Web3 companies in Dubai.
The construction of the Crypto Tower is expected to be completed by the first quarter of 2027. According to To the Dubai Multi Commodities Center version.
The tower will consist of nine office floors for startups and established companies in the cryptocurrency field, three floors for blockchain incubators and venture capital firms, and a floor dedicated to artificial intelligence innovation powered by Chatoshi.ai.
The tower's tenants use blockchain technology
The Crypto Tower will integrate advanced infrastructure to support tenant interactions using blockchain technology. These services will include cross-chain voting, smart contracts, and automated processes to enhance transparency and operational efficiency.
Additional features will include a 10,000-square-foot indoor event space, an exclusive three-story cryptocurrency club, and premium amenities such as an NFT art gallery, a gold bullion store, and secure vault storage.
Highlighting Dubai’s vision for innovation, Ahmed Bin Sulayem, CEO of DMCC, said: “The Crypto Tower is a true demonstration of the future of Web3 and a statement of our determination to consolidate Dubai’s position as a leading center for innovation.”
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