Tecom Group has expanded Dubai Internet City with a Dh615 million investment, launching Phase 4 of its Innovation Hub and adding 263,000 square feet of Grade-A office space to one of the Middle East’s most important technology districts. The expansion lifts Tecom’s total investment in the Innovation Hub to Dh2 billion, underscoring sustained demand from global technology firms and innovation-driven businesses.
The move comes as Phases 2 and 3 were fully leased ahead of their 2027 completion, a clear indicator of tightening supply for premium tech-focused offices in Dubai. With delivery targeted for 2028, Phase 4 aligns directly with the UAE Digital Economy Strategy and Dubai Economic Agenda D33, both aimed at positioning Dubai as a global hub for innovation, AI, and advanced technology.
For commercial real estate investors and occupiers, the expansion signals continued strength in technology-led office demand, particularly in master-planned free zones offering regulatory certainty, infrastructure, and talent ecosystems. As Dubai Internet City already contributes around 65% of Dubai’s technology GDP, this new phase further cements its role as the region’s flagship tech cluster.
What Tecom’s Dh615m expansion adds to Dubai Internet City
Grade-A offices tailored for global tech firms
Phase 4 introduces 263,000 sq ft of high-specification office space, designed to meet the operational needs of multinational technology companies, R&D centres, and fast-scaling startups.
Key highlights include:
- Modern, flexible floorplates
- Infrastructure for R&D and innovation teams
- Integration within an established tech ecosystem
Why demand for Dubai tech offices is surging
Full leasing ahead of completion sends a clear signal
Tecom confirmed that Phases 2 and 3 were fully leased well before completion, demonstrating:
- Strong pre-commitment from tenants
- Limited availability of Grade-A tech offices
- Long-term confidence in Dubai’s digital economy
This pattern mirrors broader trends across Dubai’s prime office market, where vacancy in top-tier assets continues to compress.
Strategic alignment with UAE Digital Economy & D33
Government policy driving commercial real estate demand
According to Tecom CEO Abdulla Belhoul, the expansion reflects Dubai’s pro-business regulatory framework and long-term national strategies.
The project directly supports:
- UAE Digital Economy Strategy (targeting tech-driven GDP growth)
- Dubai Economic Agenda D33, which aims to double Dubai’s economy over the next decade
Financial strength behind the expansion
Funded internally amid strong earnings growth
Tecom confirmed that Phase 4 is financed through existing resources, while maintaining healthy leverage.
Financial performance (9M 2025):
- Revenue: Dh2.1 billion (+20%)
- Net profit: Dh1.1 billion (+18%)
This balance sheet strength enhances investor confidence in Tecom’s long-term development pipeline.
Why Dubai Internet City remains the region’s top tech cluster
A mature ecosystem, not just office space
Launched in 1999, Dubai Internet City today hosts:
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- 20+ R&D centres
- Startups, accelerators, and academic partnerships
It anchors Tecom’s wider portfolio, including:
- Dubai Media City
- Dubai Design District (d3)
- Dubai Science Park
- Dubai Knowledge Park
What this means for investors & occupiers
Commercial real estate outlook
For investors:
- Continued capital value stability in tech-focused assets
- Strong tenant covenant quality
- Alignment with long-term government growth strategies
For occupiers:
- Limited supply of premium offices
- Rising competition for space
- Strategic advantage in early leasing
FAQs About Tecom Dubai Internet City expansion
Dh615 million, lifting total Innovation Hub investment to Dh2 billion.
263,000 square feet of Grade-A office space.
Targeted for completion in 2028.
It contributes roughly 65% of Dubai’s technology GDP and hosts major global tech firms.
Yes, Phases 2 and 3 were leased ahead of their scheduled 2027 completion.
Tecom’s Dh615 million expansion of Dubai Internet City highlights a structural shift in Dubai’s commercial real estate market, where technology, innovation, and policy alignment are driving long-term demand. With earlier phases fully leased well ahead of delivery, Phase 4 reflects not speculation—but confirmed occupier appetite for premium, ecosystem-driven office space.
As Dubai accelerates its Digital Economy Strategy and D33 agenda, districts like Dubai Internet City are becoming critical infrastructure for economic growth, talent attraction, and foreign investment. For commercial investors, the project reinforces the resilience of tech-led assets. For occupiers, it signals intensifying competition for Grade-A offices in strategic free zones.
In a market increasingly shaped by innovation rather than volume alone, Dubai Internet City’s expansion positions it firmly at the centre of the region’s next growth cycle.
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