Dubai free zone to launch Crypto Tower for AI, blockchain businesses

A Dubai-based free zone and real estate developer is set to create a cutting-edge Crypto Tower to support AI and blockchain enterprises, according to DMCC.

The landmark development, located in Jumeirah Lakes Towers (JLT), will feature state-of-the-art facilities including a gold bullion shop, NFT gallery, car dealership, and exclusive club.

DMCC and REIT Development have officially unveiled plans for the Crypto Tower, a 17-story project designed to enhance DMCC’s thriving blockchain, DeFi, and Web3 ecosystem.

The Crypto Tower will complement the DMCC Crypto Centre’s headquarters in Uptown Tower, providing an additional advanced space to foster innovation, collaboration, and business growth. The project will feature over 150,000 square feet of leasable space, including nine floors of modern offices tailored for crypto startups and established firms.

Three floors will cater to blockchain incubators, venture capital firms, and investment companies, while one dedicated floor will focus on artificial intelligence (AI) innovation powered by Chatoshi.ai.

Blockchain technology will play a key role in streamlining tenant interactions through on-chain voting mechanisms, shared resources, smart contracts, and automated services. These features aim to build trust, enhance transparency, and reduce administrative burdens, setting new standards in community management.

World-class facilities

The Crypto Tower will house a 10,000 square foot indoor event space and a 3,500 square foot outdoor area for crypto and blockchain events. Its exclusive 30,000 square foot crypto club, located on the top three floors, will provide premium networking and leisure amenities for high-level collaboration.

The development will also include a gold bullion shop, NFT gallery, exotic car dealership, and a 5,000 square foot vault storage area for valuables, including gold, cash, and cold wallets.

Ahmed Bin Sulayem, Executive Chairman and CEO of DMCC, said: “The Crypto Tower is a pioneering development at the intersection of blockchain, Web3, and real estate. It’s a real-world demonstration of the future of Web3, where transparency and ownership are ensured by blockchain technology. With its cutting-edge facilities, this development consolidates Dubai’s status as a global innovation hub.”

Construction of the Crypto Tower is expected to be completed by Q1 2027, with full operations commencing shortly thereafter. The development will set a new benchmark for integrating technology, finance, and lifestyle into one seamless environment for the global crypto community.

Brenda Stratton, Communications Director at REIT Development, remarked: “By combining blockchain technology with real-world construction, 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.”

Recognized for their expertise in blending advanced technology and sustainability, REIT Development leads this transformative project, ensuring the Crypto Tower becomes a global beacon for the crypto and blockchain sectors.