UAE Equity Research - Dubai Taxi Company (DTC) 4Q25 - First Look Note
Total fleet size increased from 9,418 in 2024 to 11,126 in 2025, while the number of trips grew 8.0% YOY to AED 53 Mn. E-hailing trips surged 24.0% YOY to 21 Mn in 2025, reflecting strong digital adoption and progress toward Dubai’s target of shifting 80% of taxi trips to e-hailing.