diff --git a/include/tvm/tir/stmt.h b/include/tvm/tir/stmt.h
index 94ba853c493a..5cd860b8e929 100644
--- a/include/tvm/tir/stmt.h
+++ b/include/tvm/tir/stmt.h
@@ -521,6 +521,13 @@ class AllocateNode : public StmtNode {
   PrimExpr condition;
   /*! \brief The body to be executed. */
   Stmt body;
+  /*!
+   * \brief Additional annotations about the allocation.
+   *
+   *  These annotations can be used as auxiliary hint
+   *  to future transformations.
+   */
+  Map<String, ObjectRef> annotations;
 
   void VisitAttrs(AttrVisitor* v) {
     v->Visit("buffer_var", &buffer_var);
@@ -528,13 +535,14 @@ class AllocateNode : public StmtNode {
     v->Visit("extents", &extents);
     v->Visit("condition", &condition);
     v->Visit("body", &body);
+    v->Visit("annotations", &annotations);
     v->Visit("span", &span);
   }
 
   bool SEqualReduce(const AllocateNode* other, SEqualReducer equal) const {
     return equal.DefEqual(buffer_var, other->buffer_var) && equal(dtype, other->dtype) &&
            equal(extents, other->extents) && equal(condition, other->condition) &&
-           equal(body, other->body);
+           equal(body, other->body) && equal(annotations, other->annotations);
   }
 
   void SHashReduce(SHashReducer hash_reduce) const {
@@ -543,6 +551,7 @@ class AllocateNode : public StmtNode {
     hash_reduce(extents);
     hash_reduce(condition);
     hash_reduce(body);
+    hash_reduce(annotations);
   }
 
   /*!
@@ -570,7 +579,8 @@ class AllocateNode : public StmtNode {
 class Allocate : public Stmt {
  public:
   TVM_DLL Allocate(Var buffer_var, DataType dtype, Array<PrimExpr> extents, PrimExpr condition,
-                   Stmt body, Span span = Span());
+                   Stmt body, Map<String, ObjectRef> annotations = Map<String, ObjectRef>(),
+                   Span span = Span());
 
   TVM_DEFINE_OBJECT_REF_METHODS(Allocate, Stmt, AllocateNode);
 };
diff --git a/python/tvm/tir/stmt.py b/python/tvm/tir/stmt.py
index d57077f08b52..de200d5eabdd 100644
--- a/python/tvm/tir/stmt.py
+++ b/python/tvm/tir/stmt.py
@@ -318,13 +318,25 @@ class Allocate(Stmt):
     body : Stmt
         The body statement.
 
+    annotations: Optional[Mapping[str, Object]]
+        Additional annotation hints
+
     span : Optional[Span]
         The location of this itervar in the source code.
     """
 
-    def __init__(self, buffer_var, dtype, extents, condition, body, span=None):
+    def __init__(self, buffer_var, dtype, extents, condition, body, annotations=None, span=None):
+        if annotations is None:
+            annotations = dict()
         self.__init_handle_by_constructor__(
-            _ffi_api.Allocate, buffer_var, dtype, extents, condition, body, span  # type: ignore
+            _ffi_api.Allocate,  # type: ignore
+            buffer_var,
+            dtype,
+            extents,
+            condition,
+            body,
+            annotations,
+            span,
         )
 
 
diff --git a/src/tir/ir/stmt.cc b/src/tir/ir/stmt.cc
index d59c94dc5753..0d42c20c2822 100644
--- a/src/tir/ir/stmt.cc
+++ b/src/tir/ir/stmt.cc
@@ -333,7 +333,7 @@ TVM_STATIC_IR_FUNCTOR(ReprPrinter, vtable)
 
 // Allocate
 Allocate::Allocate(Var buffer_var, DataType dtype, Array<PrimExpr> extents, PrimExpr condition,
-                   Stmt body, Span span) {
+                   Stmt body, Map<String, ObjectRef> annotations, Span span) {
   CHECK(IsPointerType(buffer_var->type_annotation, dtype))
       << "The allocated data type (" << dtype
       << ") does not match the type annotation of the buffer " << buffer_var << " ("
@@ -354,6 +354,7 @@ Allocate::Allocate(Var buffer_var, DataType dtype, Array<PrimExpr> extents, Prim
   node->extents = std::move(extents);
   node->condition = std::move(condition);
   node->body = std::move(body);
+  node->annotations = std::move(annotations);
   node->span = std::move(span);
   data_ = std::move(node);
 }
@@ -375,8 +376,8 @@ int32_t AllocateNode::constant_allocation_size(const Array<PrimExpr>& extents) {
 
 TVM_REGISTER_GLOBAL("tir.Allocate")
     .set_body_typed([](Var buffer_var, DataType type, Array<PrimExpr> extents, PrimExpr condition,
-                       Stmt body, Span span) {
-      return Allocate(buffer_var, type, extents, condition, body, span);
+                       Stmt body, Map<String, ObjectRef> annotations, Span span) {
+      return Allocate(buffer_var, type, extents, condition, body, annotations, span);
     });
 
 TVM_REGISTER_NODE_TYPE(AllocateNode);
diff --git a/tests/python/unittest/test_tir_nodes.py b/tests/python/unittest/test_tir_nodes.py
index de94464187b0..848b3eed07ea 100644
--- a/tests/python/unittest/test_tir_nodes.py
+++ b/tests/python/unittest/test_tir_nodes.py
@@ -473,5 +473,28 @@ def test_block_blockrealize():
     assert output.find("with init()") != -1
 
 
+def test_tir_allocate():
+    dtype = "int8"
+    storage_scope = "global"
+    ptype = tvm.ir.PointerType(tvm.ir.PrimType(dtype), storage_scope)
+    a = te.var("buffer", ptype)
+    allocate = tvm.tir.Allocate(
+        buffer_var=a,
+        dtype=dtype,
+        extents=[2, 2],
+        condition=tvm.get_global_func("tir.const_true")(dtype, None),
+        body=tvm.tir.Evaluate(2 + 1),
+        annotations={
+            "attr1": "foo",
+            "attr2": "bar",
+        },
+    )
+    assert allocate.buffer_var == a
+    assert allocate.dtype == "int8"
+    assert list(allocate.extents) == [2, 2]
+    assert allocate.annotations["attr1"] == "foo"
+    assert allocate.annotations["attr2"] == "bar"
+
+
 if __name__ == "__main__":
     pytest.main([__file__])