TECOM Group has officially launched Phase 4 of its Innovation Hub in Dubai Internet City, marking a significant step in meeting the rising demand for Grade-A office spaces in the UAE. The $167.5 million development is designed to cater to the increasing need for high-quality office facilities from global multinational companies in future-focused industries.
A Strategic Move to Meet Market Demand
The new phase of the Innovation Hub will offer a gross leasable area (GLA) of 263,000 square feet and brings TECOM Group’s total investment in the Innovation Hub project to AED 2 billion (US$540 million). This follows the success of the previous phases, with the third phase already fully leased ahead of its completion in 2027. The development is part of a broader effort to establish Dubai Internet City as a leading hub for technology and innovation in the region.
Abdulla Belhoul, CEO of TECOM Group, highlighted the importance of the UAE’s pro-business framework and its Digital Economy Strategy, which continue to attract innovative investors and businesses. This development further strengthens Dubai’s position as a global leader in technology and digital economy sectors.
Growth and Performance Highlights
TECOM Group’s successful financial performance in 2025 reflects the growing demand for commercial spaces in Dubai. The group reported a 20% year-on-year revenue increase, with revenues exceeding AED 2.1 billion (US$570 million). Additionally, the company’s net profit surged by 18%, reaching AED 1.1 billion (US$300 million), demonstrating the strength of its portfolio expansion and market presence.
As part of its strategy, TECOM Group aims to leverage its existing resources to finance the development of Phase 4 while maintaining a healthy liquidity position, ensuring continued growth in the sustainable business sector.
