TECOM Group PJSC achieved a notable 22% increase in its first-half net profit, reaching AED 737 million (approximately $201 million), driven by rental growth and high occupancy rates across its commercial and industrial properties. This impressive financial performance reflects the company’s strategic focus on meeting rising market demands, solidifying its position as a leading player in the sector.
The company’s revenue also surged by 21%, totaling AED 1.4 billion, thanks to robust demand for commercial and industrial spaces and revenue from strategic asset acquisitions. EBITDA rose by 24% to AED 1.1 billion, with the margin improving to 80%. Funds from operations climbed 17% to AED 984 million. With a 95% occupancy rate in its commercial and industrial properties and a remarkable 99% in land leases, TECOM Group is clearly capitalizing on the bustling market.
TECOM Group’s Growth in H1 2025
Malek Al Malek, Chairman of TECOM Group, remarked, “The UAE and Dubai are continuing their journey of sustainable development, achieving record growth and exceptional accomplishments across all economic sectors.”
He added, “Their success is positively reflected in TECOM Group’s H1 2025 performance, demonstrating our fundamental strengths and agility in addressing growing demand from the commercial and industrial market, while focusing on operational efficiency to create long-term value for our shareholders. The Board has approved an interim cash dividend of AED 400 million for H1 2025, aligned with our Dividend Policy.”
Chief Executive Officer Abdulla Belhoul highlighted, “Our financial and operational growth in H1 2025 reflects the success of TECOM Group’s roadmap for long-term growth through our recent strategic investments and attracting new customers. The Group’s robust performance is a step forward in our journey to enable a sustainable future through our ecosystems, solidifying the UAE’s and Dubai’s appeal as a global destination for investment and the ease of doing business.”
In the second quarter alone, TECOM Group’s net profit saw a 21% rise, amounting to AED 377 million, while revenue increased 22% to AED 709 million.
Among the key developments in the first half were PayPal’s establishment of its first regional headquarters at Dubai Internet City, the opening of an AED 80 million Pure Ice Cream facility at Dubai Industrial City, and the expansion of LEED-certified buildings to 55. Additionally, the group received Shari’a compliance certification and achieved 8 GWh of renewable energy output from its solar initiatives.