TECOM Group Launches AED 615 Million Innovation Hub Phase 4 in Dubai Internet City to Meet Surging Global Demand
TECOM Group PJSC, the pioneering force behind Dubai’s specialised business districts and dynamic communities, today announced the groundbreaking launch of Phase 4 of the Innovation Hub in Dubai Internet City. This strategic AED 615 million development is a direct response to escalating demand from global multinational corporations for premium Grade-A office spaces within Dubai’s future-focused economic sectors.
Abdulla Belhoul, Chief Executive Officer of TECOM Group, commented on the launch: “The launch of Innovation Hub Phase 4 reflects TECOM Group’s ongoing commitment to supporting vital, future-focused economic activity. The UAE’s and Dubai’s globally renowned pro-business framework, coupled with visionary leadership, continues to attract the world’s foremost innovators and investors. This development is designed to ensure Dubai Internet City remains at the forefront, equipped to serve the dynamic evolution of the digital economy.”
Belhoul added, “Our robust financial health and clear strategic roadmap enable us to capitalize on favorable market dynamics. We remain focused on expanding our portfolio in high-growth, innovation-driven sectors to generate sustainable, long-term value for our shareholders.”
Financed by Robust Financial Performance
TECOM Group will finance the development through its existing resources, maintaining a disciplined approach to leverage and liquidity. This move is backed by the Group’s outstanding financial performance in 2025.
Key 9-Month 2025 Financial Highlights:
- Revenue: Exceeded AED 2.1 billion, representing a substantial 20% year-on-year growth.
- Net Profit: Surpassed AED 1.1 billion, marking an 18% increase compared to the same period in 2024.
This strong performance is attributed to a combination of increased portfolio occupancy, higher rental rates, operational efficiencies, and sustained portfolio expansion.
