Picture this: You’re an ambitious entrepreneur in Dubai, eyeing the remarkable potential of blockchain technology.
Excitement surges as you contemplate the transformative power it can bring to your business.
But before walking further, a critical question strikes your head: How much does it cost to build a blockchain in Dubai in 2023?
Here, we will discuss the particularities of blockchain development costs in the vibrant city of Dubai. So don’t miss out on reading!
How Much Does It Cost to Build a Blockchain in Dubai?
The cost of blockchain development in Dubai typically falls between $55,000 to $300,000.
Why such a broad range? Much of this hinges on the scale and features of your project.
When examining hourly rates, blockchain developers in Dubai generally charge between $25 to $50.
Curious about how this stacks up internationally?
In some countries, these rates can dip as low as $10 per hour.
Thus, if budgetary considerations are imperative, you might ponder: Should I explore options in developing nations?
Indeed, choosing a country with cost-effective development rates might be a strategic move for your blockchain project’s financial planning.
Why You Should Invest in Blockchain Development
Blockchain technology has taken the world by storm with its myriad benefits. This innovative approach involves securely recording and connecting transactional data through cryptography.
The appeal lies in its ability to maintain tamper-proof transaction records.
But before revealing Blockchain app development costs further, it’s essential to understand the technology’s global market size and growth trends.
So, what’s the current status and future potential?
According to recent data from Statista, the global Blockchain technology market was estimated at $5.85 billion in 2021, with projections soaring to a remarkable $1,235.71 billion by 2030, boasting a staggering CAGR of 82.8%.
The following image represents the statistical data that shows how rapidly the blockchain global market is growing –

Blockchain Development Costs: Global Insights & Strategies
Determining the cost of blockchain development isn’t straightforward.
Given the evolving state of blockchain and cryptocurrency, you might ask, Why is it so challenging?
Well, besides the rapid technological changes, finding proficient professionals capable of delivering timely results adds to the complexity.
Realizing Your Blockchain Vision with Expertise
The journey from conceptualization to a fully functional app is a bit complex.
According to data from Codementor.io, blockchain developers frame their charges in distinct ways:
- Average hourly rates usually fluctuate between $81 to $100.
- Median rates, on the other hand, typically span from $61 to $80.
Let’s see this data through a graph to understand it better –

The Appeal of Outsourcing
Ever considered how grabbing advantage of offshore or nearshore software development could trim down your blockchain implementation costs?
This approach, often termed software outsourcing, is gaining traction globally. I also personally prefer hiring outsourced developers for my blockchain project.
Wondering where these offshore offices mostly lie?
Belarus, Ukraine, Poland, and even the U.S. are prominent outsourcing destinations.
We’ve got you covered for those seeking precise intel on blockchain development costs in Dubai. Our development hub, Core Devs in Dubai, ensures we’re always aligned with current market rates.
Outsourcing Dynamics
Opting for outsourcing means bringing a remote project manager and a tester on board. They uphold code quality and offer competitive rates, especially when compared to the U.S.
For context, in Dubai, a blockchain developer’s average hourly rate kicks off at around $40.
This could be a game-changer for many looking for a balanced blend of quality and affordability.
Development Cost According to the Types of Blockchain Apps
Given the blockchain industry’s rapid growth and dynamic landscape, one might wonder how the blockchain development cost differs based on the app type.
Here, I will give you a detailed idea of development costs by understanding the implications for various types of applications.

1. NFT Marketplaces
NFTs (Non-Fungible Tokens) have taken the world by storm, with global brands like Gucci, Louis Vuitton, Adidas, and tech titans like Facebook and Microsoft joining the fray.
While considering diving into this realm, I collaborated with a seasoned NFT marketplace development firm. I suggest you to do the same too.
They’ll guide, validate, and provide cost estimates. Typical development for an NFT marketplace ranges from $50,000 to $130,000.
2. dApps (Decentralized Applications)
dApps are revolutionizing how users interact with applications, offering a decentralized approach, eliminating intermediaries, and utilizing distributed ledgers.
To harness the power of DApps, partnering with a dedicated DApp development company, like Core Devs, is key.
Creation costs typically range between $45,000 and $60,000.
3. DAO (Decentralized Autonomous Organization)
A DAO operates in a completely digital and decentralized realm.
To launch a DAO tailored to my business needs, I prefer seeking expertise from a specialized DAO agency which is crucial.
Establishing a DAO can cost between $3,500 and $20,000.
4. Cryptocurrency Wallet Apps
With the surge in cryptocurrency popularity, businesses are increasingly grasping crypto wallet apps to handle and manage transactions.
These apps facilitate a diverse range of cryptocurrency transactions.
To develop a potent, feature-packed crypto wallet app, teaming up with a competent development firm like Core Devs is the way to go.
Developing cryptocurrency wallet apps usually costs between $80,000 to $90,000.
5. Cryptocurrency Exchange Apps
These apps serve as platforms for users to trade cryptocurrencies faultlessly, and their demand has skyrocketed in recent years.
If you’re keen on providing such a platform, a dedicated cryptocurrency exchange app development company can help realize your vision.
Costs for these platforms usually hover between $50,000 to $100,000.
Factors That Affect the Blockchain Development Cost
When contemplating the creation of a blockchain app, understanding the potential financial implications is crucial.
But you might wonder, What are the specific factors that determine these costs?
I have made a list of the elements that play an essential role in shaping the budget for blockchain app development. Let’s check it out.
The Role of Company Size
Smaller firms often present more competitive rates than their medium and large-sized counterparts.
Why might this be?
Start-ups and smaller entities usually aim to build their portfolios quickly, offering attractive prices.
In contrast, larger corporations might set their costs higher, motivated by maintaining a specific standard in their portfolio or simply covering their expansive operational expenses.
Navigating through App Complexity
The complexity of your envisioned blockchain application will significantly influence your final bill.
Your app’s purpose and functionality will dictate the extent and depth of blockchain development effort.
To provide a clearer picture:
- Low-Level Complex Blockchain Development: This includes tasks like basic smart contract development or crafting payment applications using existing cryptocurrencies.
- Medium-Level Complex Blockchain Development: These are applications with a certain degree of centralization or those created on popular blockchain platforms like Ethereum, Hyperledger Fabric, EOS, etc.
- High-Level Complex Blockchain Development: Venturing into this realm means starting a blockchain project from scratch, establishing a distributed network, and more.
Estimations Based on Complexity
With the concept of complexity clear, it’s time to attach some numbers.
Here’s an accurate range based on the particulars of your project:
Blockchain App Type | Estimated Development Cost | Time Frame |
Simple App | $40,000 – $60,000 | 3 to 6 months |
Moderately Complex App | $60,000 – $150,000 | 6 to 8 months |
Highly Complex App | $150,000 – $300,000 | 9+ months |
Benefits of Blockchain App Development
Blockchain isn’t just a buzzword; it offers transformative benefits. Here’s a condensed look:
- Transparency and Trust: Blockchain’s transparency ensures all participants have access to transaction histories, fostering mutual trust.
- Robust Security: Transactions are encrypted and linked, providing enhanced protection against fraud and unauthorized activities.
- Cost Efficiency: By eliminating intermediaries, Blockchain reduces associated transaction fees.
- Swift Transactions: Waiting times are cut short, even for cross-border transactions.
- Decentralization: With no single control point, the system is resilient against singular failures.
- Immutable Records: Once a transaction is on the blockchain, altering it is near impossible, ensuring data integrity.
- Smart Contracts: Automated contracts simplify processes, reducing the need for intermediaries and potential errors.
Considering these benefits, isn’t it time to consider the potential of Blockchain for your business? In this case, hiring blockchain developers might be your solution.
To learn about the top blockchain developers in Dubai, check out our blog, which will help you pick the best one for your project.

Curious about the real cost of blockchain projects in Dubai? With Core Devs, you'll get clear answers.
How Blockchain Apps Make Money
The blockchain world isn’t just about innovative technology; it’s also a realm of financial opportunities.
So, how do blockchain apps generate revenue? Let’s identify four promising avenues:
1. Cryptocurrency Transaction Fees
Blockchain networks often involve cryptocurrency transactions. A key revenue source is the fees charged for processing these transactions.
But you might wonder, How are these fees determined?
They can vary based on the network’s traffic and the transaction’s priority.
For instance, Bitcoin transactions with higher fees get processed faster. This fee structure offers a steady income stream for blockchain apps.
2. Token Sales and Initial Coin Offerings (ICOs)
Creating and launching your own cryptocurrency or tokens can be a game-changer.
ICOs and token sales are common methods for raising capital. Interested investors buy your tokens, contributing funds for your project’s development.
But there’s a catch: How do you ensure the success of your ICO?
Proper marketing, a compelling whitepaper, and a solid project idea are critical.
3. Subscription and Licensing Models
Blockchain apps can offer premium features or services through subscription models. Users pay regular fees for access to advanced functionalities.
Another option is licensing your technology to businesses. This approach allows other enterprises to use your blockchain tech for a fee.
But the big question is, How do you maintain value to keep subscribers and licensees engaged? Well, an experienced blockchain development company like Core Devs can help you figure this out.
4. Partnerships and Smart Contracts
Blockchain’s smart contracts offer opportunities for automated revenue. Through partnerships with other apps and platforms, your blockchain app can enable smart contract-based collaborations.
You could earn fees for each successful transaction or interaction facilitated by your smart contracts.
The key here is attracting partners and crafting mutually beneficial smart contracts. By exploring these avenues, you can unlock the money-making potential of blockchain apps.
It’s a realm filled with innovation and financial possibilities.
Why Opt for Core Devs for Your Blockchain Solutions in Dubai?
Moving through the complex realm of blockchain technology demands a partner who understands its ins and outs and recognizes the Dubai market’s unique challenges.
At Core Devs, we strive to bridge this gap, providing customized solutions that resonate with Dubai’s dynamic business landscape.
Expertise in Cryptocurrency Development
Have you considered launching your digital currency adapted to Dubai’s market needs? Our seasoned team crafts secure and innovative cryptocurrencies, ensuring they align with specific regional requirements and business use cases.
The potential of crypto in Dubai is vast; isn’t it time you tapped into it?
Custom-made Private Blockchain Networks
Dubai’s businesses thrive on innovation and security. Our private blockchain development services are designed to bolster both, enhancing your operations’ scalability, efficiency, and security.
By fostering a private environment, we ensure your data remains confidential while also tapping into blockchain’s transformative power.
Strategic Blockchain Consulting
Worried about what’s the roadmap for blockchain integration in Dubai? Where should you start, and how can you maximize ROI?
Our consulting services are grounded in deep market insights, offering strategic advice to help businesses indefectibly adopt blockchain, driving measurable growth in the Dubai ecosystem.
Precise Blockchain Testing and Audits
Dubai’s business environment values trust and integrity. Recognizing this, we prioritize ensuring the reliability of your blockchain systems.
Through meticulous testing and auditing, we ascertain that your platforms meet the highest standards and stand robust in the face of evolving challenges.
Comprehensive ICO Development
Considering Dubai’s booming investment landscape, launching an ICO can be the game-changer your business needs.
Our ICO development services are holistic, caring for every facet of your token sale. From ideation to launch, we’re by your side, ensuring a successful and compliant ICO within Dubai’s regulatory framework.
Reliable Maintenance and Support
Blockchain’s real magic lies in its continuous evolution. With our dedicated support, your blockchain applications never miss a beat.
We offer ongoing maintenance, ensuring your platforms remain updated, efficient, and perfectly sync with Dubai’s dynamic tech landscape.
Stable Blockchain Integration
Marrying your existing systems with the might of blockchain can transform your operations.
We provide integration services that ensure blockchain becomes an organic part of your processes, enhancing functionality and setting you a class apart in Dubai’s competitive market.
In a city as progressive as Dubai, where the conversation often circles back to Blockchain development cost in Dubai, doesn’t it make sense to choose a partner who understands both the technology and the locale?
With Core Devs, you’re not just choosing a service provider but embracing a partner committed to your vision and success in the Dubai blockchain sphere.

Unsure how to budget for blockchain in Dubai? Core Devs guides you through cost-effective solutions.
Conclusion
Navigating the dynamic realm of blockchain in Dubai presents both opportunities and challenges.
For businesses eager to dive into this innovative space, understanding how much does it cost to build a blockchain in Dubai is paramount.
Beyond mere costs, it’s about embracing a transformative technology tailored for Dubai’s vibrant market.
Here’s to making informed decisions and powering forward in the blockchain evolution!