Dubai, UAE — TECOM Group PJSC has launched Phase 4 of Innovation Hub in Dubai Internet City, featuring a gross leasable area of 263,000 sq.ft. at a cost of AED 615 million. The development brings total investments in the Innovation Hub project to AED 2 billion and targets demand from global multinationals in future-focused sectors. Completion is slated for 2028, enhancing the district’s Grade-A commercial assets.
Previous phases underscore strong market uptake. Phase 3 achieved full leasing ahead of its 2027 completion, while Phase 2 is fully leased to Fortune 500 firms and digital leaders; Phase 1 anchors the project, hosting companies like Google and Gartner.
Market Context
Dubai’s office market shows robust growth, with Q3 2025 sales hitting $843 million, up nearly 90% year-on-year, driven by off-plan demand and rising rents. Knight Frank reports large transactions over AED 10 million tripled to 83 in H1 2025, with Grade-A rents expected to climb as demand outpaces supply. Cavendish Maxwell notes average sales prices rose 22.2% year-on-year.
Dubai Internet City bolsters its role as the region’s top tech hub, contributing 65% of Dubai’s tech GDP with infrastructure for R&D and startups. Occupancy in prime areas nears 95%, aligning with UAE Digital Economy Strategy and D33 agenda.
TECOM Financial Strength
The launch follows TECOM’s strong nine-month 2025 performance, with revenues over AED 2.1 billion, up 20% year-on-year, and net profit exceeding AED 1.1 billion, up 18%. The group will fund Phase 4 from existing resources, maintaining healthy leverage.
Abdulla Belhoul, TECOM Group CEO, said, “The launch of Innovation Hub Phase 4 reflects TECOM Group’s ongoing commitment to supporting vital future-focused economic activity in the UAE and Dubai. The UAE’s and Dubai’s globally renowned pro-business framework, coupled with visionary strategies such as the UAE’s Digital Economy Strategy and Dubai Economic Agenda ‘D33’, continue to highlight our nation’s ability to attract future-focused innovators and investors.”
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Belhoul added, “Our healthy liquidity and strategic roadmap for sustainable growth ensure we are well-placed to capitalise 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.”
Opportunities for Indian Investors
Indian buyers led Dubai real estate investments with over AED 30 billion in 2024, now eyeing commercial assets for yields of 6.5-7.5% in areas like Dubai Internet City. Recent sellouts like Danube’s SHAHRUKHZ tower, with 30% Indian buyers, highlight appeal of Grade-A offices offering residency visas via AED 2 million investments. Tax-free returns and business setup ease draw NRIs diversifying from residential.
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This expansion signals sustained demand for tech-centric offices, positioning Dubai Internet City for 10.9 million sq.m. inventory by 2028. For Indian investors, it offers stable yields and UAE residency pathways amid Dubai’s 91% prime occupancy, but tight supply may pressure prices upward—warranting due diligence on leasing risks.
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