Dubai Taxi Company Hits Dh1 Billion Revenue Mark Despite Tourism Headwinds
Dubai Taxi Company (DTC) navigated a challenging second quarter, reporting total revenues exceeding Dh1 billion for the first half of the year. While the company faced a 22.5 percent year-on-year revenue dip in Q2âlargely due to a slump in tourism and airport-related travelâthe trend showed promising signs of recovery as the quarter progressed. Trip volumes, which plummeted by nearly 37 percent in April, narrowed their decline to roughly 11 percent by June, suggesting that the market is steadily normalizing despite the earlier volatility.
Strategic growth remained a priority for the firm throughout this period, underscored by the acquisition of 600 new taxi plates and a successful expansion into Abu Dhabi and Ajman. By finalizing its acquisition of National Taxi, DTC has cemented its position as the UAEâs largest taxi operator, boasting a fleet of over 9,000 vehicles. Looking forward, CEO Mansoor Rahma Alfalasi remains optimistic about the company's trajectory, citing Dubai's robust population growth and infrastructure development as key drivers for long-term stability and continued success in the mobility sector.