They have signed up for more at their home region along with forwards Chris Coleman, Josh Reynolds and Luke Yendle.
The 21-year-old Owen is regarded as one of the brightest young talents in Welsh rugby and has already captured the attention of Wales head coach Wayne Pivac.
Having played throughout the U20 Six Nations campaign in 2019, and playing at the World Rugby Junior Championships in France in the summer of that year, he was named as an attached player to Wales in the summer of 2021.That experience saw him train with the senior squad ahead of the Tests with Canada and Argentina.
The former Ysgol Gyfun Gwynllyw pupil made his Dragons debut against Bordeaux-Begles in the Heineken Champions Cup last season – becoming the 300th player capped by the region at the same time.
His first league start came against Leinster in February 2021 and he has since gone on to become a key member of the backline, making 24 appearances to date and scoring two tries.
“I’ve come through the Academy and it’s a team I grew up supporting, so I’m obviously delighted to sign and stay. I’m just looking forward to the future,” said Owen.
“I’ve been getting game time and I’m constantly learning – that is the focus. I feel this is the place to keep growing and getting better.
”It’s been my ambition to play for Dragons for a long time, so to do that and then re-sign to carry on is really exciting. There is a group of us that have come through the system together and we all push each other on to get better.”
The 22-year-old Dyer, one of the quickest wings in Wales, has scored five tries in his 20 senior outings to date for the Dragons. He played in the World Junior Championships in France with Owen and made his Dragons debut in January 2018 against Saracens in the Anglo-Welsh Cup.
His league debut came less than a month later against Benetton Rugby. He is now an established member of the senior squad having graduated through the academy system.
“The growth of the region will be underpinned by prospering youngsters coming through our Academy system,” said Dragons rugby director, Dean Ryan.