Dubai’s vehicle rental sector experienced significant growth in 2024, as reported by the Roads and Transport Authority (RTA). The number of newly registered commercial vehicles surged by approximately 43%, while the number of registered vehicle rental companies increased by around 33% during the same period. This growth reflects Dubai’s expanding economic activities and transportation needs.
Key Highlights:
- New Rental Companies: In 2024, 867 new rental companies were registered, bringing the total number of active companies in the sector to 3,494, up from 2,627 in 2023.
- Rental Fleet Expansion: The total number of vehicles in the rental fleet reached 71,040 by the end of 2024, compared to 49,725 the previous year.
- High-End Vehicle Rentals: The sector also witnessed strong growth in high-end vehicle rentals, which rose by 73%.
- Electric Vehicles: The number of electric vehicles within the rental fleet increased by 50% compared to 2023.
RTA Initiatives Supporting Growth:
- Commercial Vehicle Life Extension Service: Allows operators to extend the operational life of vehicles pending inspection clearance.
- Hourly Commercial Vehicle Rental Service: Enables both individuals and companies to rent commercial transport vehicles on an hourly basis.
- Commercial Licensing System (CLS): Simplifies the application process for both new investors and existing service providers, improving governance and accelerating approvals.
- These initiatives have notably reinforced support for the commercial transport sector, enhancing service quality and investor confidence. The growth in the vehicle rental sector underscores RTA’s pioneering role in facilitating business operations and aligning with Dubai’s broader economic development goals.
For more details, you can refer to the official RTA press release.
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