Zones operator closes Q1 with ‘all-time high’ occupancy of 91%
Dubai: The Dubai zones operator Tecom Group booked a 15 per cent increase in Q1-2024 net profit to Dh293 million from Dh255 million a year ago. This came off revenues of Dh564 million, up by 10 per cent.
The latest tally builds on a ‘record’ set of results for the company, which operates the Dubai Internet and Media cities, the Design District, and Dubai Industrial City, among others. The Q1-24 figures were ‘driven by robust demand across the business from new and existing customers’, Tecom said in a statement.
