Dubai’s Tecom Group has reported a net profit of AED 360.8 million for the first quarter of 2025, marking a solid year-on-year increase from AED 292.5 million. This growth underscores the company’s strong position within Dubai’s thriving commercial real estate sector, where demand for office, industrial, and warehousing spaces continues to rise steadily.
Commercial Expansion Fuels Revenue Surge
According to Tecom, its strategic roadmap for sustainable growth played a key role in the AED 680 million in revenue generated during Q1-2025—representing a 21% increase compared to the same period last year. Much of this gain stems from recent deals that expanded office capacity in several key clusters, further reinforcing its foothold in the emirate’s property market.
Dubai Industrial City, one of Tecom’s flagship zones, continues to attract considerable tenant investment. At the same time, Dubai Design District (d3) is undergoing significant expansion. In fact, six new Grade A buildings are set to be delivered by the first half of 2028, adding over 500,000 square feet of premium leasable space. This AED 825 million investment aims to transform d3 into a global hub for creative industries.
Additionally, Dubai Industrial City drew over AED 350 million in investments from food and beverage businesses during 2024, highlighting Tecom’s role in supporting key sectors of the economy.
Customer Base and Market Position Strengthen
Tecom’s economic zones now serve more than 12,000 entities, up 6% compared to Q1-2024. Strong demand across commercial, industrial, and land lease segments has driven this growth. As a result, Tecom’s diversified offerings continue to attract a wide range of domestic and international enterprises.
“These results highlight how our ecosystems are powering growth in the city’s priority economic sectors,” said Abdulla Belhoul, CEO of Tecom Group. “Our impressive Q1-2025 performance reinforces Tecom Group’s leading role in curating Dubai’s most dynamic and pro-growth business districts.”
Despite a slight dip in its share price to AED 3.09 on the Dubai Financial Market, Tecom remains close to its 52-week high of AED 3.4. Looking ahead, the group’s ongoing expansion strategy and focus on innovation suggest it will continue to be a key driver of Dubai’s commercial property landscape.
