Dubai Taxi Company has agreed to acquire National Taxi in a deal valued at Dh1.45 billion ($395 million), marking the largest consolidation in the UAE taxi industry and expanding the company’s operations into Abu Dhabi for the first time.
The agreement, announced by Dubai Media Office on Tuesday, will raise Dubai Taxi’s share of the Dubai market from 47% to 59%. National Taxi operates more than 2,700 vehicles across Dubai and Abu Dhabi, with the acquisition expected to give Dubai Taxi an estimated 12% share of the capital’s taxi market.
The move represents a major step in Dubai Taxi’s wider growth strategy. As of March 2026, the company operated a fleet of 11,417 vehicles across taxi, limousine, bus and delivery bike services, reflecting annual growth of 16%.
Earlier this year, Dubai Taxi and ride-hailing partner Bolt signed a strategic agreement with National Taxi to integrate 1,823 vehicles into the Bolt e-hailing platform. The partnership expanded service coverage across Dubai and paved the way for the full acquisition.
Dubai Taxi has also been investing heavily in autonomous transport. The company recently launched fully driverless commercial ride-hailing services through a partnership with Baidu’s Apollo Go platform. The initial rollout includes 50 autonomous vehicles, with plans to increase the fleet to more than 1,000 in the coming years.
The initiative supports Dubai’s broader ambition of making 25 per cent of all journeys autonomous by 2030.
Financially, Dubai Taxi reported first-quarter 2026 revenue of Dh551.1 million. However, net profit fell 39% to Dh50.7 million after weaker performance in March, when regional uncertainty affected passenger demand and airport traffic.
Despite the slowdown, the company recorded solid growth earlier in the quarter, with January and February revenues rising 10% year on year.
In 2025, Dubai Taxi’s taxi and limousine operations completed more than 53 million trips, underlining the scale of demand for transport services across the emirate.
