Revenue climbed on strong demand for commercial and industrial space and income from strategic asset acquisitions
Tecom Group
Latest in Tecom Group
TECOM
TECOM announces $185m revenues in Q1 2025
TECOM reports 21 per cent increase in revenue and net profits of $98m
Dubai
TECOM shareholders approve $108.9mn dividend for H2 2024
With this, the total cash dividends for the year 2024 reaches $217.8mn, equivalent to 16 fils per share
Dubai Internet City
Dubai Internet City adds $27.2bn to GDP
Dubai Internet City accounts for 65 per cent of the emirate’s tech GDP
Dubai F&B
Dubai Industrial City attracts over AED 350mn in F&B investments in 2024
More than 25 F&B customers leasing 1.7 million sq.ft. of high-quality spaces joined Dubai Industrial City’s ecosystem last year
Dubai Industrial City
Elite Group to open $27m facility in Dubai Industrial City
Elite Group will invest in automotive and e-commerce sectors with Dubai Industrial City project
TECOM
TECOM announces record results as revenues reach $463m
TECOM Group has revealed a 23 per cent increase in net profits so far this year
Aviation
TECOM completes acquisition of Office Park in DIC for $196mn
The Group has now made a total investment of over $720 million in commercial and industrial assets in 2024
Dubai startups
in5 Dubai startup funding passes $2.1bn
Dubai startup incubator in5 has seen massive funding for businesses in the technology, media, design, and science sectors
D3
Dubai study values global digital creative economy at $7.3tn
The study was developed by Dubai Design District (d3) and Dubai Media City in partnership with Monstarlab
Tecom Group
Dubai education hub sees 43% increase in European students, attracts talent from 170 countries
Dubai sees increase in number of European students at Education cluster in the city
Creative economy
Dubai Design Week to mark 10th anniversary in November 2024
Dubai Design Week 2024 will gather over 500 designers and brands from over 40 countries to present new design concepts through installations, exhibitions, and interactive displays
Dubai
TECOM Group expands portfolio with $544mn investment
The strategic move increases TECOM Group’s portfolio to exceed 10 million square feet of gross leasable area (GLA) in commercial assets
commercial real estate
TECOM Group reports strong H1 2024 performance with 24% surge in net profit
The Group’s robust performance was driven by high occupancy rates exceeding 92% across its commercial and industrial assets
Dubai
Dubai’s TECOM announces $463mn investment for new acquisitions, development plans
The acquisitions include two operational grade A office buildings in Dubai Internet City for AED420 million and industrial land plots in Dubai Industrial City totalling 13.9 million square feet for AED410 million
Dubai
TECOM profit surges to $79 million on record high occupancy levels
Group says 91% of its portfolio is occupied with more than 11,000 customers; net profit up 15%; revenue up 10% to $153.6 million
Dubai
Dubai’s in5 incubator reports 25% funding growth in 2023
The surge in funding, reaching AED3 billion last year, reflects the growing interest in Dubai’s local enterprises