TECOM Group, the leading developer and operator of specialised business districts across Dubai, on Friday reported a revenue of more than $570 million representing y-o-y growth of 20% for the first nine months of this year.
Announcing its financial results in a bourse filing with Dubai Financial Market (DFM) this morning, the company said that its net profit exceeded $300 million, marking an 18% y-o-y increase, underpinned by increased occupancy, higher rental rates, improved efficiencies and continued portfolio expansion within its premium commercial and industrial assets.
TECOM Group CEO Abdulla Belhoul said that their robust financial and operational performance for the first nine months reflected their agility in navigating market dynamics and a disciplined focus on delivering customer value.
He said that the company’s solid momentum was driven by the Group’s $1.17 billion strategic expansion plan since last year and high demand for its premium Commercial and Industrial assets, as Dubai continues to rank No.1 globally for attracting Greenfield FDI projects.
“Our performance reinforces TECOM Group’s major contribution towards Dubai’s pro-business landscape and attractiveness to global investors as our roadmap for sustainable growth creates long-term shareholder value,” he added.
Q3 2025 Performance
The company’s revenue grew by 19% y-o-y to $197.14 million in Q3 2025 as the Group continued to capitalise on Dubai’s robust economic fundamentals and strong demand for premium Commercial, Industrial, and Land assets.
EBITDA noted y-o-y growth of 13% to $153.3 million, while EBITDA margin stood at 78%, reflecting strong revenue growth.
TECOM Group’s net profit increased by 10% y-o-y to $101.57 million in Q3 2025, underpinned by healthy revenue growth and continued increases in lease rates, alongside prudent financial management.
Strategic Investment Highlights
In August this year, TECOM Group completed an $440 million investment to acquire 138 land plots spanning 33 million sq. ft. in Dubai Industrial City, supporting robust and growing customer demand in the industrial sector.
The strategic expansion increases TECOM Group’s Land Lease portfolio to over 209 million sq. ft. and reaffirmed Dubai Industrial City’s appeal to manufacturing and logistics companies.
It also enhanced the ability of the region’s leading manufacturing and logistics hub to meet the growing needs of its existing and new customers amid accelerated growth in the UAE’s and Dubai’s manufacturing sector, driven by Operation 300bn, Make it in the Emirates, and Dubai Economic Agenda ‘D33’.
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