DUBAI – Dubai Taxi Company has agreed to fully acquire National Taxi in a deal worth 1.45 billion dirhams ($395 million), the largest consolidation move in the UAE’s taxi sector that will extend the listed operator’s reach into Abu Dhabi for the first time.
The acquisition, announced Tuesday by Dubai Media Office, will lift Dubai Taxi’s market share in the emirate from 47 percent to 59 percent. National Taxi operates a fleet of more than 2,700 vehicles across both Dubai and Abu Dhabi, and the deal will hand Dubai Taxi a foothold in the capital with an estimated 12 percent market share there. .
The deal marks a significant escalation in Dubai Taxi’s expansion strategy. The company’s total operational fleet already stood at 11,417 vehicles as of March 2026, reflecting 16 percent year-on-year growth across its taxi, limousine, bus and delivery bike segments.
During the first quarter, Dubai Taxi and ride-hailing partner Bolt entered a separate strategic agreement with National Taxi to integrate 1,823 of its vehicles into the Bolt e-hailing platform, widening service coverage across Dubai — a partnership that now sets the stage for the full buyout.
Dubai Taxi also launched fully driverless commercial ride-hailing services in partnership with Baidu’s Apollo Go platform, with an initial rollout of 50 vehicles and a planned expansion to more than 1,000 autonomous vehicles in the coming years, supporting Dubai’s target of transitioning 25 percent of all journeys to autonomous transport by 2030.
The company reported revenue of 551.1 million dirhams in the first quarter of 2026, though net profit dropped 39 percent to 50.7 million dirhams after a sharp slowdown in March, when regional uncertainty weighed on trip volumes and airport demand. January and February, however, had seen revenue rise 10 percent year on year.
In 2025, its taxis and limousines completed more than 53 million trips.