The Tecom Group, which owns and operates specialized business parks in Dubai, has announced its financial results for the third quarter and the first nine months of 2025, ending on September 30.
The group achieved a remarkable 20% year-over-year revenue growth, surpassing 2.1 billion AED during the first nine months of the year, while net profits rose by 18% year-on-year, exceeding 1.1 billion AED. This growth was driven by increased occupancy rates, higher average rental values, improved operational efficiency, and strategic expansion of the group’s premium commercial and industrial asset portfolio.
High Resilience
Abdullah Belhaul, CEO of Tecom Group, stated, “The strong financial and operational performance we’ve delivered during the first nine months of 2025 demonstrates our ability to adapt to favorable market conditions while continuing to focus on creating added value for our clients.”
The substantial growth the group experienced in the previous period is attributed to its strategic expansion plan valued at 4.3 billion AED since last year, coupled with high demand for its premier commercial and industrial assets, as Dubai continues to solidify its position as a leading global hub for new foreign direct investment projects.
He further added, “Tecom Group’s performance underscores its pivotal role in enhancing the competitiveness of Dubai’s business sector and its increasing capability to attract investors from around the globe, while our ambitious future plans contribute to creating sustainable value for our shareholders.”
The group’s revenues rose by 20% year-on-year, surpassing 2.1 billion AED, driven by acquisitions and high occupancy rates across all business sectors, along with an increase in average rental values.
Occupancy for the group’s commercial and industrial assets increased by 2% year-on-year to 96%, while land occupancy rose by 8% year-on-year to 98%, reflecting strong demand for the premium assets in the group’s portfolio, including Class A office spaces, storage facilities, logistics services, and industrial land available for lease, amidst Dubai’s success in attracting more global investors.
Earnings before interest, taxes, depreciation, and amortization (EBITDA) increased by 20% year-on-year to reach 1.7 billion AED, with a profit margin of 79%, driven by revenue growth and cost reductions that showcase the group’s ability to sustain growth across all its business sectors.
Net profits climbed by 18% year-on-year, surpassing 1.1 billion AED, aided by enhanced operational efficiency and capital management across all sectors. Operational cash flows grew by 16% year-on-year to 1.5 billion AED, supported by improved performance from income-producing assets and ongoing improvements in revenue and collections.
Third Quarter
In the third quarter of 2025, revenues grew by 19% year-on-year to 724 million AED, as the group continues to benefit from the economic performance of the UAE and Dubai, along with the rising demand for high-quality commercial, industrial properties, and land.
EBITDA for this quarter increased by 13% year-over-year to 563 million AED, achieving an impressive profit margin of 78%, reflecting robust revenue growth.
Net profits rose by 10% year-on-year to 373 million AED in the third quarter, supported by strong revenue growth and prudent financial management.
Strategic Investments
In August 2025, Tecom Group announced a 1.6 billion AED investment to acquire 138 industrial plots totaling 33 million square feet in Dubai Industrial City, addressing strong and growing demand in the industrial sector.
This strategic expansion contributes to the growth of Tecom Group’s land portfolio, which now exceeds 209 million square feet, solidifying Dubai Industrial City’s status as a prime destination for manufacturing and logistics companies.
The acquisition strengthens the group’s ability to meet the increasing needs of both existing and new clients amid rising demand in the industrial sector within the UAE and Dubai, propelled by leading governmental strategies and initiatives like the “300 Billion Project,” the “Make in UAE” initiative, and the Dubai Economic Agenda D33.
This new land acquisition during the third quarter of 2025 brings the group’s total investments to 4.3 billion AED since last year, highlighting the success of its strategic plan to create more growth opportunities and ensure sustainable long-term value.
Cash Dividends
To optimize returns for shareholders, Tecom Group has completed its cash dividend distribution according to its established dividend policy, executing the final payment of 400 million AED for the first half of 2025.
This latest distribution confirms the group’s success in disbursing a total of 2.4 billion AED in cash dividends over the past three years, aligning with its goal of distributing 800 million AED annually since its shares were listed on the Dubai Financial Market in 2022.
16%
Growth in operational cash flows to 1.5 billion AED.
96%
Occupancy rate for the group’s commercial and industrial assets.
Abdullah Belhaul
The group’s performance reflects its role in enhancing the competitiveness of Dubai’s business sector and attracting investors from around the world.