TECOM Group, listed on Dubai Financial Market, its acquisition of new commercial and industrial assets Worth 1.7 billion dirhams, Which was revealed last May.
This brings the total value of the group’s investments during the year 2024 to exceed AED 2 billion, enhancing its portfolio of first-class commercial assets to exceed 10 million square feet of leasable space.
The planned land portfolio for leasing also witnessed a growth to reach 179 million square feet.
Strategic projects under implementation
According to the company’s statement, several projects are expected to be completed in the coming years, including the third phase of the Innovation Centre by mid-2027, and the second phase of Dubai Design District in the first half of 2028.
These projects come as part of the company’s strategy to strengthen its position in the commercial real estate sector in Dubai.
TECOM.. Promoting Sustainable Growth
Abdulla Belhoul, CEO of TECOM Group, stressed that the new acquisitions and projects worth AED 2 billion reflect the group’s vision to achieve sustainable growth and strong performance, with a focus on its pivotal role in strengthening the knowledge-based economy of Dubai and the UAE.
Balhol explained that the group continues to shape the future of business environments by providing the necessary components to attract global and regional companies and enable them to achieve success from the 10 specialized business complexes affiliated with TECOM.
