Overview of blockchain development services in Dubai
By the end of this decade, the value of cryptocurrency transactions globally is expected to quadruple from its present level of about 1.2 billion US dollars. And the government of the United Arab Emirates is keen to position Dubai as a major hub for cryptocurrencies worldwide, boosting the emirate’s commercial clout and encouraging economic diversification.
According to Statista, here are some key statistics you should know about the cryptocurrencies in United Arab Emirates:
- By 2024, the cryptocurrency sector is expected to generate US$292.1 million in revenue.
- In the cryptocurrency sector, the average income per user is expected to reach $105.7 in 2024.
- By 2028, there will likely be 3.15 million users in the cryptocurrency sector.
- By 2028, user penetration is predicted to reach 29.85%, up from 26.96% in 2024.
The adoption of blockchain development is revolutionizing the operations of companies across various industries in Dubai. It brings immutability, security, and transparency, fundamentally changing the way organizations operate and safeguard their data. Blockchain development companies in Dubai offer tailored solutions that encompass the entire development lifecycle, delivering substantial benefits to corporations, SMEs, and startups.
What set blockchain companies in Dubai apart from other competitors?
Over the years, Dubai has successfully positioned itself as a prominent global center for blockchain innovation. Let’s figure out the key distinguishing factors that differentiate blockchain companies in this city.
- Focus on Government Initiatives: Dubai has a strong focus on blockchain adoption, with government initiatives like “Dubai Blockchain Strategy 2020” and the Emirates Blockchain Strategy 2021. This means Dubai-based companies have experience working on blockchain projects within a regulatory framework designed to support the technology.
- Emphasis on Sharia Compliance: Dubai operates within Islamic law (Sharia). Blockchain development companies in Dubai have experience developing Sharia-compliant solutions, particularly in areas like Islamic finance and ethical sourcing.
- Exposure to Diverse Industries: Dubai is a global hub for trade, finance, and tourism. This means Dubai-based blockchain development companies have experience working on a wider range of blockchain applications across different industries, compared to companies in countries with a more focused economy.
- Proximity to Regional Blockchain Events: Dubai frequently hosts major blockchain conferences and events. Hiring a Dubai-based company puts you closer to these events, offering networking opportunities and access to the latest industry trends.
- Government Funding Potential: The Dubai government offers grants and funding programs to support innovation in blockchain technology. Partnering with a Dubai-based company may increase your chances of securing such funding for your project.
List of 23+ blockchain development companies in Dubai
| Company | Team size | Hourly pricing | Ratings |
|---|---|---|---|
| Synodus | 250+ | $16 – $30 | 5/5 |
| OpenXcell | 250+ | < $25 | 4.8/5 |
| Plaxonic Technologies | 249+ | < $25 | 4.8/5 |
| Digis | 249+ | $25 – $49 | 4.8/5 |
| Solulab | 249+ | $25 – $49 | 4.9/5 |
| Techgropse | 249+ | $25 – $49 | 4.8/5 |
| OIS Solutions | 250+ | $25 – $49 | 5/5 |
| Apptunix | 249+ | $25 – $49 | 4.2/5 |
| Ajath LLC | 249+ | $25 – $49 | 4.9/5 |
| RFO Solutions LLC | 249+ | $25 – $49 | 5/5 |
| Crudcook | 249+ | $25 – $49 | 5/5 |
| Reactive Space | 249+ | $25 – $49 | 4.5/5 |
| Deqode | 250+ | $25 – $49 | 4.5/5 |
| DBZeus | 49+ | $25 – $49 | 4/5 |
| Evercode Lab | 49+ | $25 – $49 | 4.5/5 |
| Andersen Inc. | 1000+ | $50 – $99 | 4.9/5 |
| Nextrope | 49+ | $50 – $99 | 5/5 |
| IdeaSoft | 249+ | $50 – $99 | 5/5 |
| Dev Centre House | 49+ | $50 – $99 | 4.9/5 |
| Definme | 49+ | $50 – $99 | 5/5 |
| Designocracy | 49+ | $50 – $99 | 5/5 |
| TFT Technology | 249+ | $50 – $99 | 5/5 |
| Dexola | 49+ | $50 – $99 | 4.9/5 |
Top 3 companies of this list
Synodus
Having more than 250 skilled blockchain developers in Dubai, UAE, and MENA areas, Synodus is your trusted partner for blockchain development solutions.
With experience from over 80 blockchain projects, we bring both technical know-how and a deep understanding of local regulations to help businesses like yours succeed. Our clients raised $50M+ through the blockchain solutions we built.
One of our fintech clients, who partnered with us to build an e-wallet platform, reached 3-million users in just 4 months, all thanks to the custom blockchain solutions we created for them.
Also, a logistics business in Dubai save $50K in development cost thanks to our secure and scalable blockchain solution that followed all local laws and standards.
To make sure you’re always on the right track with blockhchain development process in Dubai, our expert carefully research and follow the UAE’s blockchain regulation and laws (including Islamic law (Sharia), SCA, VASPs, AML, KYC, etc.), use the latest blockchain technology and tech stacks, and ensure your product is tailored to your specific needs. This means you will get a functional, compliant, and future-ready blockchain product.
To help you get faster results and lower costs, we use hybrid delivery models, paired with fixed cost engagement aproach. This helps avoid cost inflation commonly seen with Agile’s scope changes, while still keeping things flexible during development. You’ll also get predictable pricing without scarifying speed or quality. Plus, our ready-made blockchain solutions will get you to the market faster than you imagined.
Partner with Synodus, you will get a blockchain solution with:
- Strong security to protect your data and transactions
- Compliance with UAE’s blockchain regulation and laws.
- Scalability to handle any number of users or devices.
- Seamless performance with a user-friendly design.
- Customization to match your unique business needs and goals.
Contact us if you need any blockchain solutions below:
- Defi solutions
- Dapp development
- NFT development
- RWA tokenization solutions
- Smart contract development & audit
- Cryptocurrency development
Solulab
SoluLab provides a wide range of technology solutions and services including blockchain development, metaverse development, artificial intelligence, software development, and more. They have expertise in developing distributed ledger solutions using blockchain, creating immersive virtual worlds in the metaverse, and leveraging machine learning, data science and various AI/ML technologies to build intelligent systems. Their portfolio also includes mobile app development, internet of things, and emerging technologies like generative AI.
Pros
- Full stack of technology services from Blockchain to AI/ML to Metaverse development – can fulfil diverse client needs.
- Follow a systematic development methodology focusing on quality and results.
- Expertise across emerging technologies like Blockchain, Metaverse, Generative AI.
Cons
- Being a very broad tech services firm, depth of expertise for any single domain may vary.
- Pricing structures or ballpark costs not clearly specified upfront.
- Long list of services could mean resources get spread thin for any one project.
OpenXcell
As one can see from studying the website, OpenXcell provides a wide range of software development services including custom software development, mobile app development, product engineering, UI/UX design, web development, quality assurance and testing, AI development, blockchain development, DevOps, and eCommerce development. They aim to deliver end-to-end solutions tailored to clients’ specific needs across industries.
Pros
- They have extensive experience of over 14 years, ensuring process expertise and best practices.
- Presence across major tech hubs allows for proximity support and quick scalability.
- Established portfolio of 1500+ projects signals credibility and ability to deliver.
- Own products indicate deep understanding of complete SDLC from idea to deployment.
Cons
- Website lacks transparency on standardized pricing, forcing clients to contact sales.
- Scalability claims are difficult to verify in absence of proven customer stories.
- Locations highlighted are metro areas, which can impact budgets for some clients.
Curious about blockchain companies across the globe?
Conclusion
Blockchain companies in Dubai and UAE can hold the keys to unlocking the limitless potential of blockchain technology. The emirate’s thriving blockchain ecosystem is teeming with innovative companies, each brimming with the expertise and vision to transform your business.
Whether you’re looking to streamline your supply chain, enhance financial transparency, or explore groundbreaking new revenue streams, the blockchain development providers in this comprehensive list are ready to be your guides on this transformative journey.
So take that first bold step, reach out to these pioneering companies, and witness the magic that happens when innovation, expertise, and entrepreneurial spirit converge. The future of your business is written in the blockchain, and the time to seize it is now.
FAQ
Dubai Blockchain companies offer a range of services including Smart contract development, DApp development, Wallet development, Blockchain consulting, etc.
The costs vary depending on project complexity, company size, and services needed. However, the average cost ranges from $10 to $280 per hour (source)
While there are many advantages, be aware of these potential challenges that relate to Language Barriers, Project Costs, and Talent Pool.
