TECOM Group PJSC has announced the launch of Phase 4 of Innovation Hub at Dubai Internet City, reinforcing its role in advancing the UAE's digital economy in line with the UAE Digital Economy Strategy and Dubai Economic Agenda D33'. The new phase responds to rising demand from global multinational companies for Grade-A office spaces in future-focused economic sectors.
Valued at AED 615 million, Innovation Hub Phase 4 will deliver a gross leasable area of 263,000 square feet and brings TECOM Group's total investment in the Innovation Hub project to AED 2 billion. The development strengthens Dubai Internet City's position as the region's leading technology hub and forms part of TECOM Group's broader strategic expansion plan aimed at creating sustainable long-term value for shareholders.
The launch follows strong demand for earlier phases of the Innovation Hub. Phase 3 was fully leased ahead of its scheduled completion in 2027, while Phase 2 has already been completed and leased to Fortune 500 companies and digital economy leaders. Phase 1 remains a cornerstone of the project and continues to host major global technology firms, including Google and Gartner.
