Dubai’s Roads and Transport Authority (RTA) reported a significant surge in the vehicle rental sector in 2024, marking a 43% rise in newly registered commercial vehicles and a 33% increase in rental companies compared to 2023.
According to the RTA’s Licensing Agency, 867 new rental companies were added last year, pushing the total to 3,494—up from 2,627 the year before. The rental fleet itself expanded to 71,040 vehicles, a substantial increase from 49,725 in 2023.
Luxury and eco-friendly segments saw especially strong momentum. High-end vehicle rentals jumped by 73%, while electric vehicle rentals rose by 50%, reflecting Dubai’s growing focus on premium services and sustainability.
Ahmed Mahboob, CEO of the Licensing Agency, said the sector’s growth reflects Dubai’s continued attractiveness to investors and supports the Dubai Economic Agenda (D33), which aims to position the city among the world’s top three economic hubs.
He emphasized that RTA’s streamlined procedures, supportive policies, and focus on innovation have helped strengthen confidence in the emirate’s commercial transport sector.
Among RTA’s key initiatives is the “Commercial Vehicle Life Extension Service,” which allows certain vehicles to remain in operation for an additional year after passing inspections. Other programs, like the “Hourly Commercial Vehicle Rental Service” and the “Commercial Licensing System (CLS),” are designed to make rentals more accessible and simplify licensing for new and existing businesses.
RTA stated it remains committed to improving services, supporting private sector growth, and reinforcing Dubai’s position as a global business and transport hub.
News Source: Emirates News Agency
