Why the car rental and lease market is a promising, fast-growing industry in the UAE
The Emirates has witnessed an economical shift over the years. Predominantly dependent on oil and gas, the country has shifted its focus to tourism and business. This change has boosted a wide range of industries. One such is the car rental and leasing industry.
Driving a rental car in Dubai has certain advantages, which many understood rather than owning one. Over the recent years, many car rental companies have witnessed steady growth. According to Glasgow Consulting Group, sales from the industry reached an estimated USD 1.8 billion in 2018. The figure is estimated to rise upto USD 2.5 billion by 2023.
“The number of transport and rental car companies registered in Dubai is 12,000 and the number of vehicles registered for transport and rental activities is 255,000,” as quoted in Khaleej Times.
What makes Dubai such an extraordinary car rental market is that you can rent any car under the sun. Be it a Ferrari (AED 2500/day), Mercedes G-wagon (AED 1200/day). or even a budget car starting as low as AED 1200 for the entire month. Car rental in Dubai is a much more simplified process than ever.
Renting a car is often preferred over buying it given the high, yearly costs of registration and car insurance. The availability of a wide range of cars and rental durations varying anywhere from an hour to a yearly lease makes renting a car a great option for tourists as well as residents.
Renting is hence an attractive option and the demand for it is ever increasing.
A range of customers and car rental needs
- Tourists that wish to explore the city at their own pace
- Residents that need a car for personal or professional use
- Recreational rental by people who adore sports and luxury supercars
- Businesses that rent commercial vehicles to reduce capital investment.
OneClickDrive.com now displays the best rent a car offers in Dubai alongside cars with driver (chauffeur) service and driver-only service. With a pool of over 70 car rental agencies, you can compare multiple offers and rent it directly from the supplier. The portal is now working with car rental companies in select cities across the world.