Tecom expands Dubai Internet City with Dh615m Innovation Hub phase

Tecom invests Dh615 million in new Dubai tech offices amid demand surge

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Nivetha Dayanand, Assistant Business Editor
The launch raises Tecom Group’s total investments in the Innovation Hub project to reach Dh2 billion.
The launch raises Tecom Group’s total investments in the Innovation Hub project to reach Dh2 billion.
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Dubai: Tecom Group rolled out Phase 4 of its Innovation Hub in Dubai Internet City, a Dh615 million project adding 263,000 square feet of Grade-A office space to meet surging demand from global tech giants. The move lifts total hub investment to Dh2 billion and cements the district's role as the Middle East's top technology cluster, home to firms like Google and Gartner.

Phases 2 and 3 leased fully ahead of 2027 completion, with Phase 1 anchoring the ecosystem. Completion targets 2028, aligning with UAE Digital Economy Strategy and Dubai's D33 agenda to draw innovators.

“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,” said Abdulla Belhoul, CEO of Tecom Group. “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.”

Financed from existing resources, the project maintains healthy leverage amid 20% revenue growth to over Dh2.1 billion and 18% net profit rise to Dh1.1 billion in nine months through 2025.

Dubai Internet City, launched in 1999, drives 65% of the emirate's tech GDP via premium offices, 20 R&D centers and a full ecosystem for multinationals and startups. It anchors Tecom's portfolio alongside Dubai Media City, Production City, Studio City, International Academic City, Knowledge Park, Science Park, d3 and Industrial City.

Nivetha Dayanand
Nivetha DayanandAssistant Business Editor
Nivetha Dayanand is Assistant Business Editor at Gulf News, covering aviation, financial markets and commodities. A business and financial journalist with a strong interest in multimedia storytelling, she regularly takes complex financial and economic subjects beyond the written word, producing explainer videos that make them easier for a wider audience to understand. Nivetha has interviewed senior policymakers, business leaders and global financial figures both on and off camera. Her past guests include UAE Minister of Economy and Tourism Abdulla bin Touq Al Marri, Khaled bin Alwaleed Al Saud, a member of the House of Saud and the founder and CEO of KBW Ventures, Jihad Azour, Director of the Middle East and Central Asia Department at the International Monetary Fund and Indian ministers Hardeep Singh Puri and N. Chandrababu Naidu. She has also hosted and moderated panels, conferences and awards shows, bringing her newsroom experience to live conversations on business, finance and the economy. An Erasmus Mundus journalism alum, Nivetha is drawn to stories that affect people directly and to reporting that gives a platform to voices that might otherwise go unheard. She was among the first journalists to speak to Petrofac employees in the UAE about unpaid salaries, broke the news of the planned demolition of Dubai’s well-known “Toyota Building”, and helped set the record straight on widely circulated claims that a giant replica of the Moon was coming to Dubai. More recently, her exclusive interview with EDGE Group CEO Hamad Al Marar revealed how the UAE-based defence group deployed its systems along the country’s shore border and established a geofence around the UAE within 48 hours of the February 28 escalation. Prior to joining Gulf News, Nivetha worked at ITP Media, where she helped launch Finance Middle East, a new publication covering the region’s financial sector. Her role spanned reporting and editing, video production, interviews and events. Across print, digital, and video, she focuses on finding the people behind business stories and explaining why those stories matter to the audience reading or watching them.
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