Parkin–DAMAC agreement: Company to operate 3,600 spaces across prime UAE communities

Image credit: Dubai Media Office (Picture used for illustrative purposes)

Parkin Company, Dubai’s leading provider of paid public parking facilities and services, has signed a landmark five-year agreement with DAMAC Properties, one of the UAE’s foremost real estate developers renowned for its iconic residential communities.

The partnership forms a key pillar of Parkin’s strategy to broaden its presence in the developer parking segment. Designed to ease traffic flow, enhance customer experience and optimise the utilisation of approximately 3,600 parking spaces across DAMAC’s prime developments in Dubai and Abu Dhabi, the collaboration reflects both companies’ commitment to delivering smarter, more efficient urban mobility solutions. By drawing on its operational strengths and technology platforms, Parkin aims to introduce world-class parking standards across DAMAC’s communities, a Dubai Media Office report said.

Scope of work across high-profile towers

Under the agreement, Parkin will manage approximately 500 on-street parking spaces in DAMAC Hills 1, a popular and fast-growing residential destination.

The Company will also take over the operation of roughly 2,700 additional parking spaces across 44 residential and commercial towers in Downtown, DIFC, Dubai Marina and Business Bay in Dubai, as well as Al Reem Island in Abu Dhabi. The contract marks Parkin’s debut in the Abu Dhabi parking market, an important milestone as the Company advances its geographic expansion plans beyond its home base of Dubai.

Read more-New parking zones introduced in Dubai: What you need to know about tariffs

As part of the transition, Parkin will introduce a mix of visitor and permit-based parking options for short- and long-term users across DAMAC’s towers, commercial blocks and community malls. All participating locations will be seamlessly integrated into the Parkin mobile app, allowing customers to access and manage parking services via a single digital platform. The unified system is expected to significantly improve convenience, transparency and real-time accessibility for users.

Technology integration and rollout timeline

Implementation will kick off in Q1 2026, with a phased rollout to ensure operational continuity across DAMAC locations. Parkin’s advanced technologies, spanning access control, automatic number plate recognition (ANPR) and enforcement tools, will be integrated into DAMAC’s existing infrastructure to create a unified, scalable and efficient operating model.

The initiative is expected to strengthen operational reliability and support long-term growth as both entities work to redefine parking and mobility standards across mixed-use communities in the UAE.

Eng. Mohamed Abdulla Al Ali, CEO of Parkin, said, “This five-year partnership with DAMAC is a strong endorsement of Parkin’s three decades of expertise in technology, operations and enforcement. It reflects the value we deliver to partners and developers by applying our proven capabilities to some of the UAE’s most best-known communities. We are creating seamless, convenient parking solutions tailored to the needs of residents, visitors and tenants. In addition, expanding into Abu Dhabi marks a milestone in our growth strategy, as we extend our reach beyond Dubai. Together with DAMAC, we aim to set new benchmarks in customer experience, operational efficiency, and smart mobility across the UAE.”

Mohammed Tahaineh, chief project officer of DAMAC Properties, added, “Our unique communities are designed to deliver high standards of convenience, comfort and safety. Partnering with Parkin ensures that residents and visitors stand to benefit from world-class parking solutions powered by smart technology. This exciting collaboration underscores our commitment to enhancing the customer journey across our developments in Dubai and Abu Dhabi.”