Parkin ended Q3 2025 with 219,000 active parking spaces, a 6 per cent rise from the previous year
The system will use license plate recognition technology and real-time data analytics to enable barrier-free access and ease congestion
The integration will enable real-time information exchange, allowing both organisations to utilise technologies to improve traffic management
This step aligns with Dubai’s wider push to better regulate parking in high-traffic areas
On 19 August 2025, Parkin achieved certification for its Integrated Management System
The project promises greater convenience for drivers and supports Dubai’s broader 2040 Urban Master Plan and green mobility goals
This partnership transforms idle parking time into an opportunity for customers to refuel or refresh their vehicles, without any hassle
Parkin reported booked revenues of Dhs320m in Q2, up 56 per cent from Dhs205.5m in Q2 2024
Parkin will take full charge of parking operations in select areas, deploying advanced digital technologies, enforcement systems, and real-time data analytics
Outside prayer times, the parking spaces will follow Dubai’s paid parking structure and remain operational 24 hours a day, seven days a week
The initiative aims to offer more flexible and affordable options to meet daily parking needs across the city
The MoU authorises Parkin to manage selected free public parking facilities owned by Dubai Municipality
The total number of parking transactions reached 36.5 million, up 12 per cent year-on-year
The Variable Parking Tariff Policy will take effect in Dubai starting April 4
Customers will be able to pay both the EV charging tariff and the parking fee in a single transaction using Parkin’s app
Parkin’s total revenue for Q4 2024 surged 30 per cent year-on-year to Dhs265m, driven by increased parking transactions and expanded space capacity
These new charges will apply to parking zones 335X, 336X, and 337X
Parkin’s move into the Saudi market further solidifies its position as a regional leader in parking solutions, with the company’s expertise in Dubai paving the way for broader GCC expansion
The construction of the parking facility is expected to commence in the second half of 2025, subject to planning approval
Premium parking locations were selected based on factors such as accessibility to public transport and high parking demand during peak times
The barrierless parking solution eliminates the need for cars to stop when entering or exiting the mall’s parking lots
For the first half of 2024, Parkin reported a 10 per cent increase in total revenue, reaching Dhs421m
The total trading value on the DFM rose by 4 per cent, to Dhs48bn, in the first half of 2024
Parkin reported that total revenue grew by 8 per cent, with public parking revenues up 11 per cent
By the end of Thursday, Parkin’s share price soared to Dhs2.84, putting the company’s market capitalisation at Dhs8.5bn
Dubai Investment Fund sold 749,700,000 shares, equivalent to 24.99 per cent of Parkin’s paid-up capital
The emirate’s continued listing activity is being driven by the implementation of various initiatives such as the IPO accelerator programme
The company will offer around 25 per cent stake, in the emirate’s first privatisation deal this year, giving it an overall valuation of up to Dhs6.3bn
Parkin — spun out of the Dubai Roads and Transport Authority (RTA) late last year — is set to float 24.99 per cent of its shares