Almas Tower
Dubai Multi Commodities Centre (DMCC)
Jumeirah Lake Towers
Almas Tower, the tall spire-topped tower, rising above the completed towers of Jumeirah Lakes Towers (DMCC photo) Photo: © DMCC
1 / 6- Height
- 360 m
- Floors
- 68
- Status
- Completed
- Project
- DP-0013
Overview
Almas Tower is one of Dubai's best-known office towers, in Jumeirah Lakes Towers (JLT), and the Dubai Multi Commodities Centre (DMCC), its developer, also has its own offices there. According to CTBUH the tower is 360 m to its architectural tip, with 68 floors above ground and 5 basement levels; Atkins designed it and Taisei Corporation (with Arabian Construction Company) built it. Wikipedia dates construction from 2006 to November 2008, with the opening in January 2009. The main use is offices, with shops and food outlets in the lower levels. The tower hosts the Dubai Diamond Exchange and firms in diamonds, coloured gemstones, pearls and precious metals, and DMCC opened its Luxury Innovation Centre on the 48th floor in November 2025. It is not a residential building: the units are offices, and DLD open data shows registered office sales in 2026. Sources disagree on the floor count (68 against 63 in some adverts), the service charge and the parking per unit, so confirm them with the building management or DLD before acting. This page is not investment advice and does not promise profit or price growth.
Timeline
- DMCC Luxury Innovation Centre launched on the 48th floor Developer website
- Opened Wikipedia
- Completed; DMCC offices and Dubai Diamond Exchange moved in Wikipedia
- Construction started Wikipedia
- Groundbreaking Wikipedia
- Project type
- Office
1 source
- office · CTBUH
- Construction status
- Completed
1 source
- completed · CTBUH
- Progress
- Not stated
- Construction start
- Mar 2006
1 source
- 2006-03-29 · Wikipedia
- Completion
- Not stated
- Actual handover
- Not stated
- DLD project number
- Not stated
- DLD registration date
- Not stated
- Project ID
- DP-0013
Videos
Published by the channels named below. A video starts loading only when you press play.
DMCC Response: Sanitisation of Almas Tower
DMCC LOUNGE / ALMAS TOWER
Building and units
- Floors
- 68
Sources differ
- 68 floors · Wikipedia
- 68 · CTBUH
- 63 · Cushman & Wakefield UAE
- Total units
- Not stated
- Developer
- Dubai Multi Commodities Centre (DMCC)
- Main contractor
- Taisei Corporation (with Arabian Construction Company)
1 source
- Taisei Corporation (with Arabian Construction Company) · CTBUH
Unit types and sizes
Each row keeps its own source. The bar shows where the size range sits among this project's units.
| Type | Units | Size | Source |
|---|---|---|---|
| Offices (typical unit size) | Not stated | 800 – 3,000 sq ft | Bayut |
| Small DMCC premium offices, Level 49 | Not stated | 88 – 323 sq ft | Developer website Data to 9 Nov 2026 |
| Registered 2026 office sales (sizes seen) | Not stated | 780 – 6,943 sq ft | Dubai Land Department — Open Data Data to 9 Nov 2026 |
| Ground-floor and podium shops | Not stated | Not stated | Aigents Realty |
In the building
- Office floorsWikipedia
- Trading and conference spaceWikipedia
- High-security vault storageDeveloper website
- Access control and CCTVAigents Realty
- Meeting rooms and conference centreAigents Realty
- Retail boutiques and dining (ground floor and podium)Aigents Realty
- Central air conditioning and backup powerAigents Realty
- Prayer roomAigents Realty
- Valet and covered parkingAigents Realty
- DMCC Luxury Innovation Centre (48th floor)Developer website
- Dubai Diamond ExchangeDeveloper website
Worth knowing
- Name
- "Almas" means "diamond" in Arabic Wikipedia
- Architect
- Atkins Wikipedia
- Use
- Office tower for the commodities and diamond trade Wikipedia
- Location
- Jumeirah Lakes Towers (JLT), DMCC free zone Wikipedia
- Completed
- 2008 Wikipedia
- Handover status
- Handover announced Wikipedia
- DLD project number
- None found Dubai Land Department — Project Status
- Height measures
- 360 m to tip; 306.36 m roof; 279.3 m highest occupied floor CTBUH
- Gross floor area
- 160,000 m² (about 1.72 million sq ft) CTBUH
- Elevators
- 35 CTBUH
- Total units
- Not published Bayut
- Ownership model
- Offices are sold individually; DLD records office sales in 2026 Dubai Land Department — Open Data
- Maintenance cost
- Included in the service charge Bayut
- Year-on-year price change
- Not available Dubai Land Department — Open Data
- Reported gross yield
- Not published Bayut
- DMCC premium offices
- Level 49, 88–323 sq ft, from AED 78,000 a year Developer website
Prices and rents
Recorded sales
Figures sources attribute to recorded deals. Not checked against DLD yet.
| Figure | Value | Property type | Period | Source |
|---|---|---|---|---|
| Average sale price | AED 8,521,875 | All units | Jan 2026 – Nov 2026 | Dubai Land Department — Open Data Data to 9 Nov 2026 |
| Median sale price | AED 6,018,294 | All units | Jan 2026 – Nov 2026 | Dubai Land Department — Open Data Data to 9 Nov 2026 |
| Median price per sq ft | AED 4,296.82 / sq ft | All units | Jan 2026 – Nov 2026 | Dubai Land Department — Open Data Data to 9 Nov 2026 |
| Lowest recorded price | AED 2,900,000 | All units | Jan 2026 – Nov 2026 | Dubai Land Department — Open Data Data to 9 Nov 2026 |
| Highest recorded price | AED 36,800,000 | All units | Jan 2026 – Nov 2026 | Dubai Land Department — Open Data Data to 9 Nov 2026 |
| Number of sales | 15 | All units | Jan 2026 – Nov 2026 | Dubai Land Department — Open Data Data to 9 Nov 2026 |
| Total sales volume | AED 127.83M | All units | Jan 2026 – Nov 2026 | Dubai Land Department — Open Data Data to 9 Nov 2026 |
| Price change over one year | Not stated | |||
| Price change over several years | Not stated | |||
Asking prices
What sellers ask in adverts. Kept apart from deals because an asking price is not a sale.
| Figure | Value | Property type | Period | Source |
|---|---|---|---|---|
| Median asking price per sq ft | AED 4,644 / sq ft | Office | Nov 2026 – Nov 2026 | Dubizzle Data to 9 Nov 2026 |
| Lowest asking price | Not stated | |||
| Highest asking price | Not stated | |||
| Sale adverts | 8 | Office | Nov 2026 – Nov 2026 | Dubizzle Data to 9 Nov 2026 |
| Rent adverts | 2 | Office | Nov 2026 – Nov 2026 | fam Properties Data to 9 Nov 2026 |
Rents
| Figure | Value | Property type | Period | Source |
|---|---|---|---|---|
| Annual rent | AED 281,750 | Office | Nov 2026 – Nov 2026 | fam Properties Data to 9 Nov 2026 |
| Annual rent per sq ft | AED 287.50 / sq ft | Office | Nov 2026 – Nov 2026 | fam Properties Data to 9 Nov 2026 |
| Number of rent contracts | 10 | Office | Nov 2026 – Nov 2026 | fam Properties Data to 9 Nov 2026 |
Individual deals on record
Grants and mortgages are shown for context and are not counted as market prices.
| Date | Deal | Amount | Size | Per sq ft | Source |
|---|---|---|---|---|---|
| 27 Oct 2026 | Sale | AED 7,200,000 | 1,615 sq ft | 4,458 | Dubai Land Department — Open Data |
| 12 Oct 2026 | Sale | AED 2,900,000 | 803 sq ft | 3,611 | Dubai Land Department — Open Data |
| 10 Sep 2026 | Sale | AED 36,800,000 | 6,943 sq ft | 5,300 | Dubai Land Department — Open Data |
| 20 Aug 2026 | Sale | AED 13,000,000 | 3,186 sq ft | 4,080 | Dubai Land Department — Open Data |
| 19 Aug 2026 | Sale | AED 6,117,226 | 2,545 sq ft | 2,404 | Dubai Land Department — Open Data |
| 13 Aug 2026 | Sale | AED 3,305,250 | 780 sq ft | 4,238 | Dubai Land Department — Open Data |
| 7 Jul 2026 | Sale | AED 14,350,000 | 3,239 sq ft | 4,430 | Dubai Land Department — Open Data |
| 25 Jun 2026 | Sale | AED 3,200,000 | 803 sq ft | 3,985 | Dubai Land Department — Open Data |
| 23 Jun 2026 | Sale | AED 6,858,352 | 1,614 sq ft | 4,249 | Dubai Land Department — Open Data |
| 4 Jun 2026 | Sale | AED 3,590,397 | 794 sq ft | 4,522 | Dubai Land Department — Open Data |
| 30 Apr 2026 | Sale | AED 6,018,294 | 3,143 sq ft | 1,915 | Dubai Land Department — Open Data |
| 7 Apr 2026 | Sale | AED 4,000,000 | 811 sq ft | 4,932 | Dubai Land Department — Open Data |
| 2 Feb 2026 | Sale | AED 3,397,350 | 780 sq ft | 4,356 | Dubai Land Department — Open Data |
| 23 Jan 2026 | Sale | AED 3,991,250 | 798 sq ft | 5,002 | Dubai Land Department — Open Data |
| 6 Jan 2026 | Sale | AED 13,100,000 | 3,049 sq ft | 4,296 | Dubai Land Department — Open Data |
Charts
The grey line is the median of these 15 deals.
Show as a table
| Date | Per sq ft | Amount | Size (sq ft) | Source |
|---|---|---|---|---|
| 6 Jan 2026 | AED 4,296 / sq ft | AED 13,100,000 | 3,049 | Dubai Land Department — Open Data |
| 23 Jan 2026 | AED 5,002 / sq ft | AED 3,991,250 | 798 | Dubai Land Department — Open Data |
| 2 Feb 2026 | AED 4,356 / sq ft | AED 3,397,350 | 780 | Dubai Land Department — Open Data |
| 7 Apr 2026 | AED 4,932 / sq ft | AED 4,000,000 | 811 | Dubai Land Department — Open Data |
| 30 Apr 2026 | AED 1,915 / sq ft | AED 6,018,294 | 3,143 | Dubai Land Department — Open Data |
| 4 Jun 2026 | AED 4,522 / sq ft | AED 3,590,397 | 794 | Dubai Land Department — Open Data |
| 23 Jun 2026 | AED 4,249 / sq ft | AED 6,858,352 | 1,614 | Dubai Land Department — Open Data |
| 25 Jun 2026 | AED 3,985 / sq ft | AED 3,200,000 | 803 | Dubai Land Department — Open Data |
| 7 Jul 2026 | AED 4,430 / sq ft | AED 14,350,000 | 3,239 | Dubai Land Department — Open Data |
| 13 Aug 2026 | AED 4,238 / sq ft | AED 3,305,250 | 780 | Dubai Land Department — Open Data |
| 19 Aug 2026 | AED 2,404 / sq ft | AED 6,117,226 | 2,545 | Dubai Land Department — Open Data |
| 20 Aug 2026 | AED 4,080 / sq ft | AED 13,000,000 | 3,186 | Dubai Land Department — Open Data |
| 10 Sep 2026 | AED 5,300 / sq ft | AED 36,800,000 | 6,943 | Dubai Land Department — Open Data |
| 12 Oct 2026 | AED 3,611 / sq ft | AED 2,900,000 | 803 | Dubai Land Department — Open Data |
| 27 Oct 2026 | AED 4,458 / sq ft | AED 7,200,000 | 1,615 | Dubai Land Department — Open Data |
The whole district, not this building. Source: Dubai Land Department — Open Data
Show as a table
| Month | Median AED / sq ft |
|---|---|
| Jan 2026 | AED 1,697 / sq ft |
| Feb 2026 | AED 1,650 / sq ft |
| Mar 2026 | AED 1,668 / sq ft |
| Apr 2026 | AED 2,200 / sq ft |
| May 2026 | AED 1,463 / sq ft |
| Jun 2026 | AED 1,609 / sq ft |
| Jul 2026 | AED 1,592 / sq ft |
| Aug 2026 | AED 1,607 / sq ft |
| Sep 2026 | AED 1,550 / sq ft |
| Oct 2026 | AED 1,637 / sq ft |
| Nov 2026 | AED 1,952 / sq ft |
Months without a record are not shown, which does not mean no deals took place.
Show as a table
| Month | Sales |
|---|---|
| Jan 2026 | 2 |
| Feb 2026 | 1 |
| Apr 2026 | 2 |
| Jun 2026 | 3 |
| Jul 2026 | 1 |
| Aug 2026 | 3 |
| Sep 2026 | 1 |
| Oct 2026 | 2 |
Almas Tower Jumeirah Lake Towers
Show as a table
| Source | Almas Tower | Jumeirah Lake Towers |
|---|---|---|
| Dubai Land Department — Open Data | AED 4,297 / sq ft | AED 1,650 / sq ft |
Only two reports are on record. The dashed line joins them and is not a measured path.
Show as a table
| Date | Progress |
|---|---|
| Mar 2006 | 0% |
| Nov 2008 | 100% |
Data we don't have yet (2)
- Annual rent per sq ft, last 12 monthsNot enough dated rent contracts yet. The contracts on record start in the future or are too few to show a trend.
- Rental yield against similar projectsNo similar project with rent and price figures is in the directory yet.
Investment analysis
Gross Rental Yield
6.69%
(AED 287.50 / sq ft ÷ AED 4,296.82 / sq ft) × 100
Net Rental Yield
5.93%
((AED 287.50 / sq ft − AED 22.62 / sq ft) ÷ AED 4,468.69 / sq ft) × 100
Payback Period
16.9 years
AED 4,468.69 / sq ft ÷ (AED 287.50 / sq ft − AED 22.62 / sq ft)
Capital Appreciation
Not stated
Per square foot. Net figures add a 4% transfer fee to the price; the flat title deed fee is left out at this scale.
- Rental Yield reported by a source
- Not stated
- ROI
- Not stated Depends on your resale price and holding period. Enter them in the calculator below.
- Average monthly rent
- AED 23.96 / sq ft AED 287.50 / sq ft ÷ 12
- Service charge, yearly
- AED 22.62 / sq ft Bayut
- Maintenance, yearly
- Not stated
- Buying costs (assumed)
- 4% + AED 580 DLD transfer fee and title deed, from secondary sources. Agent and trustee fees are not included.
Run your own numbers
Filled in from the leading figures above. Replace them with the real quote for your unit. Nothing you type is stored.
Total acquisition cost–
Gross yield–
Net yield–
Payback–
Monthly rent–
ROI over the holding period–
Location
Distances
| Place | Kind | By road | Straight line | By car | Source |
|---|---|---|---|---|---|
| DMCC | Metro | 6.5 km | 0.3 km | 9 min | OpenStreetMap |
| Burj Khalifa / The Dubai Mall | Downtown Dubai | 22.1 km | 19.6 km | 22 min | OpenStreetMap |
| Dubai International Airport (DXB) | Airport | 37.1 km | 30.4 km | 36 min | OpenStreetMap |
| Shopping | Not stated | ||||
| Emirates Hospital | Hospital | 6.5 km | 1.8 km | 10 min | OpenStreetMap |
| Emirates International School - Meadows | School | 4.8 km | 1.6 km | 8 min | OpenStreetMap |
Around the project
- DMCCOpenStreetMap
- Dubai Marina MallOpenStreetMap
- Emirates HospitalOpenStreetMap
- Emirates International School - MeadowsOpenStreetMap
Compared with other projects
| Project | Status | Height | Floors | Units | Progress | Completion | Price |
|---|---|---|---|---|---|---|---|
| Almas Tower | Completed | 360 m | 68 | Not stated | Not stated | Not stated | AED 8.52MAverage sale price |
| Burj Al Arab | Completed | 321 m | 56 | Not stated | Not stated | Not stated | Not stated |
| Princess Tower | Completed | 414 m | 101 | 763 | 100% | Oct 2011 | AED 2.34MAverage sale price |
| Marina 101 | Completed | 425 m | 101 | 488 | 97% | Jun 2018 | AED 4.99MAverage sale price |
Every figure here is a research figure. Prices are the headline figure of each project, so they are not always the same kind of number: read the small line under each.
Expert analysis
Mr Amlak's reading of the sources listed on this page. It is not a rating or an opinion of the Dubai Land Department.
Strengths
At 360 m and 68 floors the tower is the landmark of JLT and hosts DMCC and the Dubai Diamond Exchange, so specialised diamond, gemstone and precious-metal tenants sit in the same building. Security, a vault facility and shops at the base are further points the sources mention.
Based on: CTBUH, DMCC news, Aigents RealtyWeaknesses
The building is purely commercial and not suited to living. Sources disagree on floor count, parking and service charge, and the unit count is not published, so exact unit comparisons need the building management.
Based on: conflicting source figuresInvestment opportunities
Offices in the tower traded in 2026, and the registered price per sq ft in DLD open data is above AED 4,000. For commodity, gold and diamond businesses, being next to the DMCC metro station and the DMCC free-zone hub can ease access to clients. This is descriptive and does not promise profit or price growth.
Based on: DLD open data 2026; OpenStreetMap distancesInvestment risks
The office market swings: sizes range from about 780 to 6,943 sq ft and the price per sq ft varies by floor, fit-out and size. Service charge figures differ widely across sources and must be confirmed with the building management or the DLD index before buying. Asking prices are not transaction prices.
Based on: DLD open data 2026; listing pagesMarket reading
DLD open data for 2026 records office sales in the tower with a median of about AED 4,297 per sq ft; asking prices (median of 8 adverts) are around AED 4,644 per sq ft, above registered sales. No year-on-year change was available in the sources checked.
Based on: DLD open data; adverts seen 2026-11-09Conclusion
Almas Tower is a completed 2008 office tower with a strong identity in JLT, best suited to precious-commodity trading firms. Official registered price and rent data are available, but several building figures (floors, parking, service charge) need confirmation.
Documents and official pages
Sources
| Source | Kind | Items | Latest data date | Last checked |
|---|---|---|---|---|
| Dubai Land Department — Open Data | Official | 37 | 9 Nov 2026 | 9 Nov 2026 |
| Dubai Land Department — Project Status | Official | 1 | 9 Nov 2026 | Not stated |
| Wikipedia | Reference | 26 | 9 Nov 2026 | Not stated |
| CTBUH | Reference | 12 | Not stated | Not stated |
| OpenStreetMap | Reference | 10 | Not stated | Not stated |
| Aigents Realty | Market data | 7 | Not stated | Not stated |
| Developer website | Developer | 6 | 9 Nov 2026 | 9 Nov 2026 |
| Bayut | Listings portal | 5 | 9 Nov 2026 | Not stated |
| fam Properties | Reference | 4 | 9 Nov 2026 | Not stated |
| Dubizzle | Listings portal | 3 | 9 Nov 2026 | Not stated |
| Cushman & Wakefield UAE | Reference | 1 | 9 Nov 2026 | Not stated |
Photo credits
| Photo | Credit | Licence | Source |
|---|---|---|---|
 Almas Tower, the tall spire-topped tower, rising above the completed towers of Jumeirah Lakes Towers (DMCC photo) | © DMCC | Developer marketing material | Source page |
 Silhouette of Almas Tower (illustration, not a photograph) | Jackedi07 / Wikimedia Commons | CC0 | Source page |
 Office interior with city views inside Almas Tower | © DMCC | Developer marketing material | Source page |
 Opening of the DMCC Luxury Innovation Centre in Almas Tower, November 2025 | © DMCC | Developer marketing material | Source page |
 Groundbreaking of Almas Tower in 2005 | Dmcccomms / Wikimedia Commons | CC BY-SA 3.0 | Source page |
 Aerial view of Jumeirah Lakes Towers | Dmcccomms / Wikimedia Commons | CC BY-SA 3.0 | Source page |