TECOM Group, the leading provider of specialized business districts in Dubai, announced that its Board of Directors approved, on August 27, 2025, a significant acquisition deal worth AED 1.6 billion, covering 138 industrial land plots with a total area of 33 million square feet.
This acquisition represents a pivotal step in TECOM’s strategy to expand its real estate portfolio. With this deal, the total land under the Group’s management will exceed 209 million square feet, reinforcing Dubai Industrial City’s position as a preferred destination for manufacturing and logistics companies.
TECOM confirmed that the acquisition will be financed from its current resources without affecting its financial standing. The plan includes flexible payment terms over three years, with the Group maintaining liquidity of more than AED 3 billion, including AED 2.3 billion in credit facilities.
Revenues from the newly acquired lands are expected to start materializing within 12 to 24 months, while occupancy rates remain high (currently at 99%), reflecting the strong demand in the UAE’s industrial sector.
In addition, TECOM’s total real estate and commercial investments since 2024 have exceeded AED 4.3 billion.
