TECOM Group has unveiled the fourth phase of its Innovation Hub in Dubai Internet City, aiming to cater to the increasing demand for top-tier office spaces from international corporations engaged in forward-thinking industries. This latest investment, valued at Dhs615 million, will introduce a significant gross leasable area of 263,000 square feet, fortifying Dubai Internet City’s reputation as a premier technology destination in the region.

With this launch, TECOM Group’s overall commitment to the Innovation Hub initiative will touch Dhs2 billion, aligning with their long-term growth strategy. The announcement arrives in response to strong interest in previous phases of the project. For instance, Phase 3 was completely leased out even before its projected completion date in 2027. Similarly, Phase 2 has been finished and is currently fully occupied by leading Fortune 500 firms and experts in the digital economy. Meanwhile, Phase 1 continues to house global tech giants like Google and Gartner, serving as a foundation for the project.

Set to be completed in 2028, Phase 4 is expected to enhance TECOM Group’s collection of high-quality commercial properties. This expansion will significantly bolster its ability to accommodate both existing and prospective tech tenants in response to the surging demand for premium office environments, driven by national economic objectives. Abdulla Belhoul, CEO of TECOM Group PJSC, emphasized that this new phase signifies the organization’s continuous commitment to fostering significant economic activity in Dubai and the UAE.

Belhoul noted how the UAE’s favorable business environment, combined with strategic frameworks like the UAE Digital Economy Strategy and Dubai Economic Agenda ‘D33’, solidifies the country’s position as a destination for innovators and investors. This strategic development aims to further empower Dubai Internet City’s critical role in the tech sector, ensuring it is well-equipped to adapt to the evolving demandas of the digital economy.

The project will be financed using current resources while maintaining a strong liquidity and leverage profile. This undertaking comes on the back of a positive financial performance for TECOM Group in the first nine months of 2025, characterized by increased occupancy rates, higher rental income, and significant operational efficiencies. With revenues exceeding Dhs2.1 billion—representing a 20% year-on-year growth—and a net profit over Dhs1.1 billion, up 18% from the previous year, the organization is well-positioned for continued growth. Established in 1999, Dubai Internet City has developed into the largest tech hub in the region, offering a comprehensive ecosystem that supports multinational corporations and startups, while accounting for approximately 65% of Dubai’s tech GDP.