TECOM Group Reports Strong Financial Performance for H1 2024

Dubai-based TECOM Group has announced its impressive second-quarter and first-half financial results for 2024, with immense increases in net profit and revenues.

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TECOM Group recorded an increase in occupancy levels to over 92% across its Commercial and Industrial portfolio, representing 5% year-on-year growth.

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TECOM Group revenues for Q2 2024 were up 9% year-over-year to AED 584 million due to continued high occupancy rates, increasing demand for the Group’s offerings.

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Malek Al Malek, Chairman of the Board of TECOM Group, praised the role that the pro-business framework in the UAE and Dubai plays to boost the local economy.

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Abdulla Belhoul, CEO of TECOM Group, said: “The Group delivered exceptional performance with sustained high occupancy across its Grade-A portfolio in the six priority sectors.

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