Dubai Unveils Plan For 17-Story Crypto Tower
•
January 15, 2025 3:19 pm
•
Comments
The Dubai Multi Commodities Centre has revealed new plans to construct a 17-story Crypto Tower in Jumeirah Lakes Towers.
The tower is expected to feature “blockchain-powered tenant services to foster innovation in blockchain, decentralized finance, and artificial intelligence.”
Construction of the tower, which will have over 150,000 square feet of leasable space, is expected to be completed by 2027.
Trending: XRP Hits 7-Year High
Leases will be granted to companies focusing on Web3, blockchain, and DeFi.
JUST IN: 🇦🇪 Dubai Government to build a 17-storey Crypto Tower to be completed by 2027.
— Watcher.Guru (@WatcherGuru) January 15, 2025
Here’s what Crypto.News reported:
The Dubai Multi Commodities Centre and REIT Development have unveiled plans for a 17-story Crypto Tower in Jumeirah Lakes Towers.
The tower will feature blockchain-powered tenant services to foster innovation in blockchain, decentralized finance, and artificial intelligence. With 150,000 square feet of leasable space, the building aims to accommodate the growing community of blockchain, DeFi, and Web3 companies in Dubai.
Construction of the Crypto Tower is expected to be completed by the first quarter of 2027, according to a DMCC release.
The tower will consist of 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.
🚨🇦🇪DUBAI TO LAUNCH CRYPTO TOWER BY 2027
Dubai’s new 17-story Crypto Tower, announced by DMCC and REIT Development, will cater to blockchain, DeFi, and Web3 businesses.
Features include 9 office floors for crypto startups, 3 for blockchain incubators, and a floor for AI… pic.twitter.com/7hvcdQZvQw
— Mario Nawfal (@MarioNawfal) January 15, 2025
🇦🇪 BULLISH: Dubai plans to build a 17-story Crypto Tower in the Jumeirah Lake Towers district, dedicated to cryptocurrency and blockchain companies.
The project, set for completion by 2027, will feature AI innovation spaces, an NFT gallery, and blockchain-based operations for… pic.twitter.com/CpsmCciD0g
— Cointelegraph (@Cointelegraph) January 15, 2025
Per Coinpedia:
In an attempt to become a global blockchain powerhouse, Dubai has announced the construction of a 17-storey Crypto Tower to adapt to the growing blockchain and Web3 technology.
Strikingly, the Crypto Tower will boast 150,000 square feet of leasable space for the Web3 community to build projects. The UAE is working to become a global hub for blockchain technology, competing with the US for the title of the world’s leading blockchain center. The 17-storey Crypto Tower will be situated at the Dubai Multi Commodities Centre (DMCC) region. The DMCC, Dubai’s international business district, is set to attract crypto businesses as part of the UAE’s push to advance blockchain technology. The ambitious project is expected to be completed by the first quarter of 2027.
Join the conversation!
We have no tolerance for comments containing violence, racism, profanity, vulgarity, doxing, or discourteous behavior. If a comment is spam, instead of replying to it please click the icon below and to the right of that comment. Thank you for partnering with us to maintain fruitful conversation.