TECOM Group Unveils Next Stage of Dubai Innovation Hub

TECOM Group PJSC has revealed the commencement of Phase 4 of the Innovation Hub in Dubai Internet City. This development aims to satisfy the increasing demand for premium office spaces from global tech firms and other contemporary sectors.

Spanning a gross leasable area (GLA) of 263,000 square feet with an investment of AED 615 million, this project underscores TECOM Group's commitment to boosting Dubai's standing as a hub for digital and innovative industries. Once combined with prior phases, TECOM Group's total funding for the Innovation Hub will hit AED 2 billion, solidifying its position as a key player in the regional technology infrastructure landscape.

Success of Earlier Phases

The launch of Phase 4 follows the unprecedented success of its predecessors:

• Phase 3 achieved full leasing even before its 2027 completion.

• Phase 2 is fully operational with top Fortune 500 and global digital firms.

• Phase 1 remains integral, welcoming major tech giants such as Google and Gartner.

This robust demand highlights the trust multinational companies place in Dubai Internet City as their operative foundation in the Middle East.

New Grade-A Office Spaces

Phase 4 will introduce additional Grade-A office spaces, catering to both emerging and established businesses. The completion of this phase is anticipated by 2028.

The surge in demand for such facilities is driven by various national and regional initiatives, including:

• UAE Digital Economy Strategy

• Dubai Economic Agenda D33

Both strategies aim to establish Dubai as a premier global hub for technology and innovation.

Insights from the CEO

Abdulla Belhoul, CEO of TECOM Group PJSC, emphasized that the rollout of Phase 4 aligns with the Group's mission to foster advanced industries within the UAE.

He noted that Dubai’s investor-friendly environment and progressive strategies continue to attract global talents and innovators.

Belhoul affirmed that TECOM Group is in a robust financial position, ready to capitalize on favorable market trends, and will continue to expand in high-growth sectors to create sustained value for stakeholders.

Self-Financed Growth and Strong Results

Funding for this development will come from TECOM Group's internal resources, helping maintain strong liquidity and minimize debt.

This announcement coincides with the Group's impressive nine-month financial performance for 2025:

• Total revenues surpassed AED 2.1 billion

• Reflecting a 20% increase from the previous year

• Net profit exceeded AED 1.1 billion

• Net profit showed an 18% growth compared to 2024

These results were bolstered by elevated occupancy, rising rental rates, and the ongoing expansion of TECOM Group’s real estate portfolio.

Dubai Internet City's Contribution to the Tech Ecosystem

Established in 1999, Dubai Internet City has emerged as the largest tech hub in the region, hosting various entities:

• Innovative start-ups

• Prominent Fortune 500 companies

• Major multinational corporations

It currently accounts for approximately 65% of Dubai’s tech GDP.

The district offers:

• Grade-A office spaces

• 20 centres for research and innovation

• A comprehensive business ecosystem

These elements make Dubai Internet City a pivotal destination for global digital economy enterprises.

TECOM Group's Broad Portfolio

Dubai Internet City is among several specialized districts within TECOM Group, including:

• Dubai Media City

• Dubai Production City

• Dubai Studio City

• Dubai International Academic City

• Dubai Knowledge Park

• Dubai Science Park

• Dubai Design District (d3)

• Dubai Industrial City

These districts collectively offer a robust infrastructure for diverse sectors such as media, education, science, manufacturing, design, and technology.

TECOM Group's introduction of Phase 4 of the Innovation Hub positions Dubai as a continuing global leader in technology and innovation. This project will enhance support for digital ventures, bolster Dubai's economic targets, and increase the capability for global firms interested in the region.

With strong financial metrics and vibrant demand for Grade-A office spaces, the advent of Phase 4 places Dubai Internet City on a path toward sustainable growth and achievement.