The new phase will add 263,000 square feet of gross leasable area and is scheduled for completion in 2028. It marks the fourth stage of the Innovation Hub project and brings TECOM Group’s total investment in the development to AED 2 billion. The expansion reflects rising demand from multinational firms operating in technology and other future-focused sectors.
The announcement follows strong leasing momentum across earlier phases. Phase 3 was fully leased ahead of its planned completion in 2027, while Phase 2 has been completed and fully occupied by Fortune 500 companies and digital economy firms. Phase 1 established the project as a base for global technology companies, including Google and Gartner.
Phase 4 will further increase TECOM Group’s portfolio of Grade-A commercial assets, supporting new and existing tenants amid demand linked to national initiatives such as the UAE Digital Economy Strategy and the Dubai Economic Agenda D33.
TECOM Group said the development will be financed through existing resources, while maintaining healthy liquidity and leverage. The launch follows solid financial results in the first nine months of 2025, during which the group reported revenues of more than AED 2.1 billion, up 20 percent year on year, and net profit exceeding AED 1.1 billion, an 18 percent increase compared with the same period in 2024.
Dubai Internet City, established in 1999 and part of TECOM Group, is the region’s largest technology hub and is home to multinational companies, start-ups, and Fortune 500 firms. The district contributes an estimated 65 percent of Dubai’s technology GDP and includes 20 research, development, and innovation centers, along with premium office infrastructure.
Dubai Internet City is one of several sector-focused business districts operated by TECOM Group, whose portfolio also includes Dubai Media City, Dubai Production City, Dubai Studio City, Dubai International Academic City, Dubai Knowledge Park, Dubai Science Park, Dubai Design District, and Dubai Industrial City.
Photo credits: Government of Dubai Media Office
