FY 2023 Financial Performance Highlights

Revenue

AED 2,169M

10% Growth YOY

EBITDA

AED 1,654M

23% Growth YOY

EBITDA MARGIN

76%

8% Higher than 2022

Net Profit

AED 1,078M

49% Growth YOY

Revenue Mix
(By Business Segment as of FY 2023)

52%

Commercial Leasing

22%

Land Leasing

13%

Industrial Leasing

11%

Services & Other

Who we are

We are Dubai’s Strategic Business Enabler and Creator of World-Class Business Districts.

We have a diverse customer mix across six sectors, which are complemented by a full spectrum of business and government-related services.

What we do

We have brought to life 10 strategically-located business districts in Dubai, with diverse asset classes, sectors and communities. Each district has been purposely designed to create industry-specific and vibrant ecosystems for the technology, media, education, science, design and manufacturing sectors.

We cater to more than 11,000 customers and more than 105,000 professionals with a varied and tailor-made commercial, industrial and land leasing portfolio in addition to ancillary value-add services.

We offer customers a high-quality asset base with integrated infrastructure for businesses to conduct their operations, enabling them to grow and expand in Dubai and the wider region.

21M

Built-to-lease Area (sq. ft.)

89%

Built-to-lease Occupancy

164M

Land Leasing Area (sq. ft.)

94%

Land Occupancy

As of FY 2023

We operate 10 Business Districts

Strategically located specialised ecosystems across six vibrant industry sectors

Technology

Dubai Internet City

 

Dubai Outsource City

Media

Dubai Media City

 

Dubai Studio City

 

Dubai Production City

Education

Dubai International Academic City

 

Dubai Knowledge Park

Manufacturing

Dubai Industrial Ctiy

Design

Dubai Design District

Science

Dubai Science Park

With 185M sq.ft. of leasable area

Spread across a range of real estate products and ancillary business services

Commercial Leasing

Commercial leasing includes leasing of office and retail space to either multitenants (built-tolease (BTL) developments) or single tenants (built-to-suit (BTS) developments).

Industrial Leasing

Industrial leasing consists of BTL warehouses, showrooms and worker accommodation.

Land Leasing

Land leasing comprises land owned by TECOM Group within our business districts which is leased on a long-term basis to tenants.

Services & Other

Services & Others offers a range of value-added services including Government Services, Registration and Licensing, Advertising and Venue Management, while also including ancillary properties.

Home to more than 10,000 customers

Large, diverse, industry-leading, international and loyal regional customer base

Customer loyalty (in years)

18
< 2 years
19
2-5 years
27
5-10 years
36
> 10 years