Latest news with #DubaiTaxiCompany
Time Out Dubai
26-05-2025
- Automotive
- Time Out Dubai
How much does a Dubai taxi ride cost?
The rate of taxi fares in Dubai per kilometre has risen once again in the city in comparison to 2024. The Dubai Taxi Company website says that the per kilometre rate is now Dhs2.26 when using a S'hail with RTA and when ordering with Careem. In August 2024, the rate was Dhs2.14, while at the beginning of 2024, the rate was Dhs1.97 per kilometre to get a taxi. Taxi fare rates fluctuate based on a number of different factors including the cost of petrol, which has both risen and fallen so far in 2025. Credit: Hala Petrol prices per litre for April in the UAE now stand at Dhs2.57 for Super 98 petrol, Dhs2.46 for Special 95 petrol, E-plus 91 petrol is Dhs2.51 and diesel is Dhs2.63. Petrol prices fluctuate monthly, which can affect the taxi rate. In February 2025, prices increased slightly, before falling in March and rising again in April. Prices for May 2025 will soon be announced. Base fares for taxis remain at Dhs12 and you can calculate how much you'll pay for a taxi ahead of time if you're working with a budget. The overall fee at the end of your journey will take your base fare and per kilometre into account as well as the time spent in the car. Petrol price rises have led to a hike in Dubai taxi fares. (Credit: Supplied) When ordering with an app, you're given a rough estimate of how much each journey will cost you before you book. Taxi fares haven't increased substantially since July 2022, which had also followed months of fuel price rises across the world. RTA says that any change in taxi fares is dynamic and based on the fluctuating fuel prices in the local market and is calculated based on fuel usage per kilometre in its cars. It says that this is driven (no pun intended) by more and longer trips from the Dubai public, as well as higher tariffs. Revenue for the Dubai Taxi Company (DTC) has also been supported by additional taxis in its fleet, which includes doubling its fleet at Dubai International Airport. Life in Dubai In pictures: Dubai then and now See just how much the city has changed through the decade UAE petrol price prediction May 2025: Will we see another drop? Fuel prices change every month in Dubai Revealed: The 14 cheapest neighbourhoods to rent in Dubai 2025 The most affordable places to live in the city
Time Out Dubai
22-05-2025
- Business
- Time Out Dubai
Bolt and Dubai Taxi Company offer 30% discount to new riders
The Dubai Taxi Company has introduced a special 30 percent discount for rides in the emirate. If you're a new user with e-hailing service Bolt, then you'll be able to get 30 percent cash back on your first three rides. It is only available for new users on the app, and it includes no surge pricing – so, your discount could go further if you use it during peak hours. The offer comes as the Estonian-born e-hailing app announced a major expansion in Dubai. Bolt has revealed that more than 6,000 cabs, including people of determination taxis and ladies and family taxis, are now available on the platform. The expansion allows residents and visitors more options to book journeys digitally. (Credit: Dubai Taxi Company) Bolt arrived in the emirate back in December and offers a number of features which promise affordable and safe rides. Along with transparent pricing, the app includes a mapping system ensuring accurate routes, in-app safety features like emergency buttons and live tracking, and a driver score system that promotes high service quality. More than 200 million people use Bolt around the world, with it operating in more than 50 countries across five continents. The shared mobility platform connects to existing modes of transport and aims to reduce overall levels of car usage and ownership in big cities by making it easier for people to get around. The Dubai government aims to transition 80 percent of all taxi trips to e-booking in the coming years, and add more options to book rides digitally will help achieve this goal. Ammar Al Braiki, chief operations officer of Dubai Taxi Company, said that DTC and Bolt have plans to become the country's largest e-hailing platform. He said: 'The integration of over 6,000 DTC's vehicles onto the Bolt app represents a major step toward realising our vision of creating the UAE's largest e-hailing platform. 'This milestone underscores our commitment to enhancing and expanding digital transportation services, reflecting both innovation and our shared goal of offering greater convenience and efficiency for users across the emirate.' Looking for things to do in Dubai? All the sports events in Dubai in 2025 to sign up for Make 2025 the year of your PBs 50 brilliant outdoor activities to try at least once in Dubai Let's take this outside The incredible Dubai hotels offering more than just a room Did someone say freebies?
Arabian Business
08-05-2025
- Business
- Arabian Business
Dubai Taxi Company reports $160mn Q1 revenue amid fleet expansion
Dubai Taxi Company PJSC (DTC) reported revenue of AED588.3 million for the first quarter of 2025, marking a 5 per cent increase year-on-year, according to financial results released today. The company completed 13 million trips across its taxi and limousine segments during Q1, representing an 8 per cent growth compared to the same period last year. DTC's revenue growth was primarily driven by fleet expansion and strong performance in its taxi and delivery bike operations. Dubai Taxi Fleet expansion drives 8% trip growth in Q1 2025 results On a like-for-like basis, excluding the Connectech subsidiary which includes Bolt e-hailing operations, revenue increased by 7 per cent. Despite revenue growth, EBITDA declined by 9 per cent to AED154 million, while net profit decreased by 23 per cent to AED84 million. The company attributed this decline primarily to promotional discounts offered as part of Bolt's launch campaign. On a like-for-like basis, EBITDA grew by 4 per cent, while net profit saw a modest decline of 2 per cent. DTC CEO Mansoor Rahma Alfalasi said: 'DTC delivered a solid start to the year, with strong growth across our core taxi and delivery bike segments reflecting the sustained momentum in Dubai's mobility landscape. The expansion of our fleet and continued investment in operational efficiency enabled us to serve rising demand, driven by the city's ongoing population and tourism growth.' During the quarter, DTC added 250 fully electric taxis, bringing its total operational fleet to more than 6,200 vehicles. The company noted that over 86 per cent of its fleet now consists of hybrid or electric vehicles, aligning with the Dubai 2040 Urban Master Plan. 'We remain confident in the fundamentals of our business, supported by a healthy balance sheet and a scalable platform positioned for growth,' Alfalasi added. 'Looking ahead, we will continue to optimise our operations, enhance customer experiences, and capture opportunities across Dubai's rapidly evolving mobility ecosystem.' Dubai Taxi Company signs five-year partnership with Dubai Airports DTC also announced a five-year strategic partnership with Dubai Airports to be the exclusive provider of taxi services at Dubai International (DXB) and Dubai World Central – Al Maktoum International (DWC). The partnership is expected to generate revenues of AED2.5 billion over the five-year period, with taxi and limousine annual trips from the airports projected to reach over 8 million by 2029. The company's partnership with Bolt completed its first full quarter of operations, with the Bolt app recording 279,000 downloads and 267 fleet partners onboarded with 14,600 cars registered on the platform. Shareholders approved a final dividend of AED122.3 million for the second half of 2024, representing 4.89 fils per share, which was distributed in April 2025. DTC maintains a healthy balance sheet with a net debt-to-EBITDA ratio of 1.2x and a cash balance of AED287 million as of March 31, 2025.
Zawya
08-05-2025
- Business
- Zawya
Dubai Taxi Company's revenue rises but profit slides in Q1 2025
Dubai Taxi Company has reported a net profit of 83.6 million UAE dirhams ($22.8 million) for the first quarter of 2025, indicating a 23% year-on-year decline, which the DFM-listed company said was a result of the promotional discounts offered as part of the launch campaign of ride-hailing service Bolt. DTC's EBITDA decreased to AED 154.4 million, down 9% year-on-year, while revenue for the quarter increased 5% year-on-year to AED 588.3 million, which DTC said was driven by fleet expansion across segments and the 'strong performance' of its taxi and delivery bike operations. An increase in trip numbers saw revenue for the taxi segment rise 7% year-on-year to AED 515 million, with DTC bringing the total of taxis to 6,200 vehicles by the end of March, 250 of which are fully electric. Revenues dropped in the bus segment, with DTC citing contractual changes for the 14% year-on-year decline to AED 31.6 million. DTC's results showed a net debt-to-EBITDA ratio of 1.2x and a cash balance of AED 287 million as of 31 March 2025, including Wakala deposits. Shareholders approved final dividend of AED 122.3 million for the second half of 2024, distributed in April 2025 During the quarter, DTC signed a five-year partnership with Dubai Airports, to continue to be the exclusive provider of taxi services at Dubai International (DXB) and Dubai World Central - Al Maktoum International (DWC), with revenues projected to reach AED 2.5 billion over the period, DTC said. DTC said it has a positive outlook across all its business segments. (Writing by Bindu Rai, editing by Seban Scaria)
Hi Dubai
08-05-2025
- Business
- Hi Dubai
DTC Posts Strong Q1 Growth as Taxi, Delivery Bike Segments Lead Performance
Dubai Taxi Company (DTC) reported solid first-quarter results for 2025, driven by strong performance in its taxi and delivery bike operations and continued fleet expansion aligned with Dubai's rapid population and tourism growth. Revenue rose 5% year-on-year to AED 588.3 million, with like-for-like growth of 7%, underpinned by a 26% increase in DTC's operational fleet to 9,872 vehicles. The company's taxi segment alone saw a 7% revenue increase to AED 515 million, bolstered by higher trip volumes and the addition of 250 fully electric vehicles, taking the total taxi fleet to over 6,200—86% of which are now hybrid or electric. DTC also recorded exceptional growth in its delivery bike segment, with revenue soaring 110% amid rising demand in the on-demand delivery market. Meanwhile, its limousine business posted a 3% revenue increase, supported by fleet expansion, contributing to a combined 12.8 million trips completed in the quarter. However, EBITDA declined 9% year-on-year to AED 154.4 million, and net profit dropped 23% to AED 83.6 million, primarily due to promotional investments tied to the launch of Bolt's ride-hailing platform under DTC's digital arm, Connectech. Excluding these promotional costs, core EBITDA rose 4%, with a healthy margin of 30%. DTC's new five-year partnership with Dubai Airports, making it the exclusive taxi provider for DXB and DWC, is expected to generate AED 2.5 billion in revenue and over 8 million annual trips by 2029. The integration of Bolt's e-hailing app into airport taxis has already shown promise, with high download rates and rapid service times. Supported by a strong balance sheet and growing market demand, DTC remains optimistic about future growth across all segments, driven by Dubai's ambitious urban and economic expansion. News Source: Dubai Media Office
