Dubai Taxi’s Market Share Reaches 46%, Fleet Grows to 5,660 Taxis
Dubai Taxi Company (DTC) has recently expanded its fleet with the acquisition of 94 new license plates in an auction hosted by the Roads and Transport Authority (RTA). This strategic move has added a total of 445 taxis to DTC’s service in 2024.
Cementing its Leading Position
With this expansion, DTC’s market share is expected to reach 46%, solidifying its status as Dubai’s leading transport operator. The company’s robust financial health, capacity for growth, and continued acquisition of licenses and vehicles have contributed to this achievement.
Commitment to Growth and Resources
The addition of these 445 taxis further strengthens DTC’s commitment to enhancing its operational and strategic initiatives. The fleet now stands at an impressive 5,660 vehicles, reflecting the company’s dedication to bolstering its financial resources.
Pursuing Excellence in Transport Services
DTC’s expansion strategy within the taxi sector is driven by its commitment to delivering world-class transport services. The company emphasizes innovation, distinctiveness, digitalization, and sustainability to seamlessly meet the daily mobility needs of Dubai’s residents.
Driving Shareholder Value
Mansoor Rahma Al Falasi, CEO of Dubai Taxi Company, expressed his excitement about the growth opportunities brought by the addition of 94 new taxis. With the fleet expanding from 5,216 in 2023 to 5,660 in 2024, DTC’s total revenues are expected to increase for the year. This growth reinforces DTC’s leading financial position in the Dubai Financial Market, offering attractive returns to investors and increasing shareholder value.
Advancing the Transportation Sector
Al Falasi highlighted that this expansion supports DTC’s goals of advancing and developing the transportation sector in Dubai. The increased taxi fleet will significantly enhance operational capabilities and ensure the delivery of top-notch transportation services. Accommodating the growing demand for daily trips contributes to the overall enhancement of the transport infrastructure in the Emirate of Dubai.
Proactive Readiness for Growth
Dubai Taxi is experiencing substantial growth, particularly in its airport taxi segment with the addition of 350 new environmentally friendly taxis, representing a 100% increase. This strategic expansion showcases DTC’s commitment to providing exceptional transport services that align with Dubai’s global stature as a premier tourist destination.
Sustainable Transportation Choices
Furthermore, this expansion aligns with the Dubai 2040 Urban Master Plan, which aims to offer sustainable and versatile transportation choices for everyone in the emirate.
Delivering Comprehensive Mobility Solutions
Dubai Taxi offers a wide range of mobility solutions across four main business sectors. These include the extensive and eco-conscious taxi fleet, VIP limousine services, comprehensive bus services, and corporate delivery solutions.
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