Dubai – Mubasher: Tecom Group has launched Phase 4 of Innovation Hub in Dubai Internet City at a value of AED 615 million amid rising demand for Grade-A office spaces from global multinational companies.
With a gross leasable area (GLA) of 263,000 square feet, the launch supports the group’s growth plan and raises its total investments in the Innovation Hub project in Dubai Internet City to AED 2 billion.
The announcement follows the success of Innovation Hub’s third phase development, which was fully leased ahead of its scheduled completion in 2027, according to a press release.
Abdulla Belhoul, CEO of Tecom Group, commented: “This strategic development further enhances Dubai Internet City’s empowering role in the technology sector, ensuring it is well-positioned to serve the evolving needs of the digital economy.”
He added: “Our healthy liquidity and strategic roadmap for sustainable growth ensure we are well-placed to capitalize on favourable market dynamics, and we will continue to expand Tecom Group’s portfolio in high-growth sectors that promote innovation to deliver long-term value for our shareholders.”
Meanwhile, the group will utilize its existing resources to finance the development while ensuring it maintains a healthy leverage and liquidity position.
The development follows the company’s strong nine-month financial performance in 2025, led by increased occupancy, higher rental rates, improved efficiencies, and continued portfolio expansion.
