TECOM Group is a central player in Dubai’s business hub proposition and strongly positioned to benefit from Dubai’s commercial real estate market and the sustained growth of its broader economy.
  • • Our strategically located and differentiated portfolio, supported by long term strategic tenants, has been an integral part of Dubai’s economic diversification and global competitiveness for more than 20 years.
  • Operating in Dubai, one of the most diversified and dynamic economies within the GCC region, will help enable us to further capitalise on the Emirate’s unique positioning, favourable macroeconomic tailwinds, and supportive real estate fundamentals.
TECOM Group has an attractive financial profile and balance sheet underpinned by a robust income generating portfolio that has generated high quality revenue and cash flow from six diversified economic sectors.
  • We have delivered robust financial performance and operational resilience through the cycle amid global and regional economic downturns, geopolitical instability and, most recently, the COVID-19 pandemic.
  • We operate a stable cash-generative real estate portfolio in Dubai and our high-quality offering and diversified international and regional high-profile customer base has driven healthy revenue and relatively stable EBITDA margins, with increasing cash conversion in 2021.
  • Despite operating in a challenging operating environment during the COVID-19 pandemic, we focused on maintaining our occupancy rates, which remained relatively stable over the past three years, with our built to lease occupancy rates being 77%, 75%, 78%, and 81% as of 31 December 2019, 2020, 2021 and as of 31 March 2022, respectively.
  • Our high-quality service offering resulted in stable EBITDA margins of at least 66% in each of the years ended 31 December 2019, 2020, and 2021. We managed to maintain those EBITDA margins during the COVID-19 pandemic through swift, focused, and effective counteractive operational initiatives implemented by our highly experienced management team.
  • Our diversified asset mix and industry exposure eliminates significant concentration risk. Our portfolio is backed by stable, long-term land leases, attractive built-t- lease and built-to-suit commercial and industrial leases as well as a full range of ancillary services that cater to diverse industries and tenant needs, including companies, entrepreneurs, and freelancers.
TECOM Group maintains a long-term and diversified international and regional high-profile customer base.
  • Our full-service offering has proved a top choice for over 7,800 customers, including major industry leaders, such as Meta (formerly known as Facebook), Google, Visa, BBC, CNN, Unilever, and Dior, among others.
  • Due to our high-quality community and strong customer base, our customers and tenants have demonstrated high levels of retention over the years.
Robust governance and sustainability framework to be further embedded in the core of the operating model.
  • We place sustainability and environmental, social and governance (“ESG”) issues at the core of our operating model and our Group-wide ESG strategic initiatives are aligned with the United Nation’s Sustainable Development Goals and 2030 Agenda for Sustainable Development.
  • We have also completed several solar energy projects across several business districts, such as Dubai Outsource City, Dubai International Academic City, and Dubai Design District. All have contributed to reducing traditional energy consumption and our carbon footprint.
TECOM Group’s dynamic management team has an extensive proven track record and a supportive shareholder.
  • Our senior management team of seasoned executives has operating experience in the real estate industry, with six out of the seven members of our senior management team having over 10 years of experience in the industry and four of the seven members having over 10 years’ experience within our Group.
  • A significant proportion of our senior management team has long-tenured board membership experience and experience working for publicly listed companies.
  • With DHAM LLC, the Selling Shareholder, (“Dubai Holding Asset Management” or “DHAM”) as our majority shareholder and Dubai Holding as our ultimate holding company, we benefit from the support of a committed major shareholder with a reputation for excellence in Dubai as a key driver of economic diversification and enabler of the Dubai government’s vision.