Dubai’s Jumeirah Lake Towers (JLT) is set to welcome a groundbreaking 17-storey Crypto Tower, a landmark project launched by DMCC in partnership with REIT Development. The tower will support the expanding blockchain, decentralized finance (DeFi), and Web3 ecosystem in the region.
![Dubai’s Jumeirah Lake Towers to Host 17-Storey Crypto Tower](https://news.uppersetup.com/wp-content/uploads/2025/01/image-190-1024x576.png)
Spanning 150,000 square feet of leasable space, the tower will include nine office floors and dedicated areas for blockchain incubators, venture capital firms, and AI innovation powered by Chatoshi.ai. A statement from DMCC emphasized the use of blockchain technology for tenant management, including on-chain voting and smart contracts.
Ahmed Bin Sulayem, Executive Chairman and CEO of DMCC, described the project as a pioneering effort merging blockchain and real estate. “The Crypto Tower is a real-world demonstration of the future of Web3, showcasing transparency and ownership through blockchain,” he said in the statement, according to Gulf News.
The tower will also feature a 10,000-square-foot indoor event space and a 3,500-square-foot outdoor area for blockchain-related events. The top three floors will house a 30,000-square-foot exclusive crypto club, designed for high-level networking and collaboration.
Additional amenities include an NFT art gallery, a gold bullion shop, an exotic car dealership, and a 5,000-square-foot secure vault for valuables like gold, cash, and cold wallets. Brenda Stratton, Communications Director at REIT Development, highlighted the tower as a central hub for the crypto community, noting that all expenses are recorded on-chain to ensure transparency.
This ambitious project is positioned to further cement Dubai’s standing as a global hub for innovation and blockchain technology.
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