Dubai’s car rental sector registers 23.7% growth in H1 2022

According to Dubai’s Road and Transport Authority (RTA), the emirate’s car rental industry reported a significant 23.7 per cent growth in the number of companies registered in the first half of 2022, up from 1,087 companies registered in the same period last year.

Additionally, 78,000 vehicles were registered in the first half of 2022, up 11.8 per cent from 69,000 in the same period last year.

Abdulla Yousef Al Ali, CEO, Licensing Agency, RTA, said: “The rapid expansion of Dubai’s car rental sector in the first half of 2022 underscores RTA’s efforts in implementing Dubai’s comprehensive development vision. By offering facilities and overcoming obstacles, RTA is able to attract companies and investors, and raise their confidence in Dubai’s business environment. It also highlights Dubai’s profile as a financial and business hub, a place where business can be conducted in a friendly and competitive atmosphere.”

#Dubai‘s car rental industry reported a significant 23.7% growth in the number of companies registered in the first half of 2022, up from 1087 companies registered in the same period last year.https://t.co/6pqh6VIL3f pic.twitter.com/eGU2PurBz6

— RTA (@rta_dubai) September 6, 2022

Al Ali added: “Following periodic meetings with several companies in this sector, RTA has undertaken six initiatives which have had a considerable impact on leveraging the car rental market. The initiatives included exempting new vehicles from testing, limiting the number to 10 vehicles per car rental license, extending the lifetime of vehicles in use from two to four years, and abolishing the surcharge on car rental vehicles.”

Read: Why automotive apps are the future of car rentals