Dubai Multi Commodity Center (DMCC) is a dynamic waterfront community one of the designated Areas within the Dubai Multi Commodities Centre (“DMCC”). The DMCC Authority (DMCCA) is the licensing authority for businesses operating in the Jumeirah Lakes Towers. Businesses in DMCC therefore, benefit from a free zone status, making DMCC the first mixed-use Free Zone Freehold development in Dubai. DMCC have attractive residential and office towers alongside hotels, leisure and retail outlets. Out of these 79 towers, 3 towers are developed by the DMCC. These are the Almas, AU and AG Towers. The landmark Almas Tower is the natural focal point of the development, situated on an island surrounded by water in the center of the community. The tower houses the Dubai Diamond Exchange and DMCC member businesses in the gold, diamond, energy and commodities industries. DMCC is situated adjacent to Sheikh Zayed Road, between Interchanges 5 and 6. A total of 79 towers stand tall in this prestigious project that will become one of Dubai's most recognized addresses, where property investors have been given the opportunity to own and develop towers on a freehold basis.

The DMCCA offers its investors 100% foreign ownership of businesses established in DMCC. A separate set of DMCCA operating regulations governs Core and non-Core Companies in DMCC.

A licensee must hold either a valid DMCC office lease or be the registered owner of freehold office space within the DMCC and must also hold a valid license issued by the DMCCA in order to operate in the DMCC. And licensees are required to renew their licenses (and leases, if applicable) within the time frame set by the concerned DMCCA department.

To qualify for and retain any of the above licenses from the DMCCA, the applicant must