Dubai Taxi to launch its first self-driving ride next month

The Board of Directors at Dubai Taxi Company (DTC) has proposed a final dividend of Dhs142 million for the second half of the year, amounting to 5.68 fils per share.

Earlier, a semi-annual dividend of Dhs160.7 million was distributed in August 2025 for the first half of the year. This brings the total dividend distribution for the fiscal year 2025 to Dhs302.7 million, or 12.11 fils per share—marking a 7.5% increase compared to the fiscal year 2024.

Dubai Taxi CEO Mansour Al Falasi announced that the company is gearing up to launch its inaugural self-driving taxi trip next month.

He also revealed plans to expand operations into other emirates, including Abu Dhabi, Ajman, and Sharjah, with gradual implementation scheduled across the first and second halves of 2026.

Over the previous year, the number of vehicles operated by the company rose by approximately 18%, facilitating around 7 million trips via the BOLT platform. Additionally, the company currently boasts Dhs330 million in available cash liquidity.

Al Falasi highlighted that the company maintained its trajectory of growth and robust operational and financial performance throughout 2025, marking a net profit of Dhs365 million for the first time.

He attributed this achievement to the impressive outcomes recorded across the company's diverse sectors, notably the taxi and motorcycle delivery divisions. Additionally, he affirmed the strong momentum experienced in Dubai, driven by factors such as an 8% increase in the number of trips compared to the previous year, alongside significant population and urban growth, and a rising influx of tourists visiting the Emirate.

Al Falasi highlighted that strong operational efficiency, along with a concentrated effort on cost optimization and expense management, played a key role in achieving these results.

On the topic of fleet size, he mentioned an approximate 18% increase in the number of vehicles over the past year, driving growth across the company's four operational sectors. He also noted that the fleet now includes around 525 electric vehicles, with plans for further expansion in this area in the coming year.

In relation to the company's agreement with PreSite to implement artificial intelligence solutions, the CEO of Dubai Taxi underscored that AI is a fundamental element of the company's performance strategy and represents one of the key areas where significant investments are being made, both in capital and operational expenditures.

He pointed to the autonomous vehicle initiative as a central milestone in the company's drive for operational transformation. He also announced that, as part of a collaboration with a prominent technology firm, Dubai Taxi is set to roll out its inaugural autonomous ride next month.

Discussing the rise in direct and financing costs projected for 2025, Dubai Taxi's CEO attributed this increase to the company's investment in the BOLT platform through the acquisition of a market share.

He revealed that around 7 million trips were completed via the platform during the year, with plans to extend operations to other emirates like Abu Dhabi, Ajman, and Sharjah in 2026.

He noted that Abu Dhabi, being one of the country's largest markets, would be targeted next after Dubai, with phased expansion to other emirates planned across the first and second halves of 2026.

Al Falasi emphasized that future growth would span all business segments, including buses, limousines, taxis, and delivery services. Additionally, the company aims to explore new opportunities within an integrated transportation system designed to deliver comprehensive solutions for customers, alongside its geographical expansion across the UAE.