Dubai's Tecom in 20% plus profit growth; to pay Dh400m interim dividend

Tecom sees 95% occupancy levels across its business hubs in Dubai

Last updated: August 01, 2025 | 08:13

Manoj Nair, Business Editor

1 MIN READ

Tecom has grown its portfolio through a mix of new investments as well as strategic buys.

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Dubai: Rock solid occupancy levels for its many business hubs continue to drive profit growth for Dubai's Tecom Group, with a spike of 22% to Dh737 million. It comes off a Dh1.4 billion revenue, which too was higher by over 20%.

The Tecom board of directors has now approved the interim cash dividend of Dh400 million for H1-2025.

A new dividend policy will be applied when it comes to Tecom's H2-2025 payout to shareholders, which includes an expected 10% increase. This is subject to shareholders’ approval at the upcoming annual general assembly meeting.

Also Read: Tecom Group buys 'Office Block' at Dubai Internet City in new investment spree

“Our financial and operational growth in H1-2025 reflects the success of Tecom Group’s roadmap for long-term growth through our recent strategic investments and attracting new customers," said Abdulla Belhoul, CEO of Tecom Group, which owns and operates the Dubai Internet and Media cities, Dubai Industrial City, Dubai Design District, among others.

Occupancy levels

Occupancy for the group’s 'land lease' portfolio has reached 99%, and 'led by strong customer demand from the industrial sector'. Dubai Industrial City is reporting 'strong occupancy rates, cementing its position as the region’s leading manufacturing and logistics hub'.

Also Read: TECOM Group breaks ground on second phase of specialised tech offices at Dubai Internet City

And in April, the tech platform PayPal opened its first regional headquarters at Dubai Internet City.

Occupancy across Tecom's commercial and industrial portfolio closed at 95% in H1-2025.

Manoj NairBusiness Editor

Manoj Nair, the Gulf News Business Editor, is an expert on property and gold in the UAE and wider region, and these days he is also keeping an eye on stocks as well. Manoj cares a lot for luxury brands and what make them tick, as well as keep close watch on whatever changes the retail industry goes through, whether on the grand scale or incremental. He’s been with Gulf News for 30 years, having started as a Business Reporter. When not into financial journalism, Manoj prefers to see as much of 1950s-1980s Bollywood movies. He reckons the combo is as exciting as it gets, though many will vehemently disagree.