Dubai:TECOM Group PJSC, a leading operator of specialized business districts in Dubai, has announced its financial results for the first nine months and the third quarter of 2026. The group reported a notable 11% year-on-year increase in revenue, reaching AED 2.3 billion, driven by sustained demand for Grade-A assets and strategic portfolio expansion.
According to Emirates News Agency, the group reported a 10% increase in recurring net profit, amounting to AED 1.2 billion for the nine-month period. The financial success was supported by robust operational performance, strong customer retention, and strategic expansions. TECOM's EBITDA for the period rose by 11% to AED 1.8 billion, maintaining a high margin of 79%.
Abdulla Belhoul, CEO of TECOM Group, credited the group's strong performance to its diversified asset portfolio and strategic expansions. He highlighted the high occupancy and customer retention rates that contributed to accelerated revenue growth, especially within the industrial land lease portfolio.
In the third quarter of 2026, TECOM's revenue grew by 12% year-on-year to AED 809 million, with significant increases in the Land Lease portfolio. The group also maintained a high occupancy rate of 97% across its commercial and industrial portfolios.
TECOM Group received accolades for its financial and sustainability reporting, earning Gold in the 2026 EPRA Best Practices Recommendations Awards. Additionally, Dubai Internet City formed a strategic partnership with Luxinnovation to enhance innovation and collaboration, while Dubai Science Park hosted a leadership forum to discuss pharmaceutical resilience in the UAE. Talal Group also commenced construction on a new Central Distribution Centre at Dubai Industrial City.
These achievements underscore TECOM Group's commitment to strengthening its asset portfolio and implementing growth strategies across key sectors.