Post by : Bianca
Haleem
TECOM Group PJSC has officially launched Phase 4 of the Innovation Hub in Dubai Internet City, designed to cater to the growing demand for premium office spaces from technology firms worldwide and contemporary industries.
Set to encompass a gross leasable area (GLA) of 263,000 square feet, with an investment of AED 615 million, this latest development underscores TECOM Group's unwavering dedication to bolstering Dubai's position as a hub for digital innovation. Cumulatively, the Group's investment in the Innovation Hub will total AED 2 billion upon completion, marking it as a significant infrastructure project in the tech sector across the region.
Success of Previous Phases Ahead of Schedule
The initiation of Phase 4 builds upon the successful leasing of previous phases:
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Phase 3 was fully leased out before its anticipated completion in 2027.
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Phase 2 is already completed and fully occupied by top global firms, including Fortune 500 companies.
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Phase 1 continues to host major players in the tech industry, such as Google and Gartner.
This robust demand illustrates the confidence that multinational enterprises have in Dubai Internet City as a strategic hub for their operations in the Middle East.
Introduction of Grade-A Office Spaces in Response to Demand
Phase 4 will introduce new Grade-A office spaces, catering to the needs of both emerging and existing businesses. The project is slated for completion in 2028.
The increasing necessity for these office spaces is driven by national and regional initiatives, such as:
These initiatives aim to firmly position Dubai as a leading global tech and innovation centre.
Insights from the CEO on Strategic Growth
Abdulla Belhoul, the CEO of TECOM Group PJSC, stated that the rollout of Phase 4 aligns with the Group's mission to facilitate advanced industries in the UAE.
He emphasized that Dubai’s conducive business climate and progressive strategies are influential in attracting global investors and innovators.
Belhoul affirmed that TECOM Group possesses strong financial backing, sufficient liquidity, and is poised to leverage favorable market conditions. There are plans to further expand into high-growth sectors, ensuring long-term value creation for shareholders.
Development Funded Internally with Strong Financials
The development of Phase 4 will be financed through TECOM Group's internal resources, thereby ensuring a robust financial stance concerning debt and liquidity.
This announcement follows the Group's impressive financial performance over nine months in 2025:
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Revenues have surpassed AED 2.1 billion.
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This marks a 20% increase year-on-year.
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Net profits exceeded AED 1.1 billion.
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Net profit growth was at 18% compared to 2024.
These robust results are attributed to higher occupancy rates, increased rental prices, and ongoing expansion in the Group's real estate holdings.
Dubai Internet City's Integral Role in the Tech Sector
Since its inception in 1999, Dubai Internet City has transformed into the largest technology hub in the area, hosting a diverse array of companies:
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start-ups
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Fortune 500 companies
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multinational firms
Currently, it is responsible for approximately 65% of Dubai’s technology-driven GDP.
The district provides:
This ecosystem positions Dubai Internet City as a key destination for global digital economy businesses.
TECOM Group's Diverse Business Network
Dubai Internet City forms a critical part of TECOM Group’s varied business districts, which include:
Collectively, these districts provide a solid infrastructure for various industries, including media, education, science, manufacturing, design, and technology.
The launch of Phase 4 of the Innovation Hub by TECOM Group indicates Dubai's ongoing evolution as a prominent global technology and innovation centre. This new project is set to bolster digital business capabilities, reinforce Dubai's economic ambitions, and expand the capacity for international firms eyeing opportunities in the region.
With strong financial results and rising demand for premium office spaces, the introduction of Phase 4 positions Dubai Internet City for enduring growth and prosperity.
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