Dubai Taxi Company (DTC) saw its first-quarter net profit for 2026 fall by 39% to Dh50.7 million, a sharp contrast to the momentum seen early in the year. While the company enjoyed a strong start with a 25% year-on-year profit increase throughout January and February, performance stalled in March. According to DTC, this decline was largely triggered by regional instability, which led to a notable drop in tourist arrivals and a rise in remote working and learning, ultimately impacting trip volumes across their taxi and limousine segments.

Despite the quarterly setback, the company maintains a positive outlook, supported by an expanded fleet of over 11,400 vehicles and a robust 61% revenue surge in its delivery bike division. Group CEO Mansoor Rahma Alfalasi highlighted the firm’s resilience and focus on digital optimization, noting that while March was difficult, demand for core mobility services remains structurally sound. Moving forward, DTC expects to leverage Dubai’s ongoing infrastructure investments and strong population growth to navigate the current climate and sustain its long-term growth strategy.