logo
New car parking fees introduced in Dubai

New car parking fees introduced in Dubai

Dubai paid car parking operator Parkin has introduced new tariffs at selected locations in the city.
Parkin, the largest provider of paid public parking in the emirate, announced the new car parking tariffs and revealed peak hours will be charged at AED6 ($1.63) per hour.
The new tariffs are named W and WP and will be applied in:
Al Qusais First
Al Karama
Madinat Dubai Al Melaheya
Al Kifaf
New Dubai car parking fees
Sundays and public holidays in the selected areas will be free of charge to park.
Tariff W applies throughout the day at a fee of AED4 ($1.09).
Tariff WP is a premium parking zone with peak-hour pricing. Peak hours will be 8am to 10am and 4pm to 8pm, when parking will cost AED6 ($1.63) per hour.
At other operational times parking for Tariff WP will be AED4 ($1.09) per hour.
We introduced new parking tariffs W and WP applicable to Al Qusais First, Al Karama, Madinat Dubai Al Melaheya, and Al Kifaf.
Here's all you need to know about the tariffs:
Tariff W: AED 4/hour applicable all day.
Tariff WP: AED 4/hour during off-peak hours & AED 6/hour… pic.twitter.com/IGVSyMXVRY
— ParkinUAE (@ParkinUAE) April 22, 2025
In a statement on social media, Parkin said: 'We introduced new parking tariffs W and WP applicable to Al Qusais First, Al Karama, Madinat Dubai Al Melaheya, and Al Kifaf.
'Here's all you need to know about the tariffs:

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Chestertons Reports 50% Surge in Commercial Leasing as Legal Reforms and Investor Confidence Accelerate UAE Real Estate Momentum
Chestertons Reports 50% Surge in Commercial Leasing as Legal Reforms and Investor Confidence Accelerate UAE Real Estate Momentum

Web Release

time3 hours ago

  • Web Release

Chestertons Reports 50% Surge in Commercial Leasing as Legal Reforms and Investor Confidence Accelerate UAE Real Estate Momentum

Chestertons MENA, one of the world's most established real estate advisories, has released new data confirming a sharp rise in commercial real estate activity across the UAE. The firm's Q1 2025 Market Report shows a 50.4% year-on-year increase in commercial leasing, alongside double-digit growth in villa and townhouse transactions — underscoring the powerful convergence of market demand, investor confidence, and regulatory readiness. Office leasing led the commercial sector, recording over 101,000 transactions — a 62.7% increase compared to Q1 2024 — while retail leasing saw 36,000 transactions, amounting to AED 3.4 billion. Land leasing also posted steady gains. The data points to robust corporate expansion, growing business formation, and sustained appetite for commercial space across key UAE zones. 'Commercial real estate is no longer a peripheral category — it's at the centre of the UAE's next economic chapter,' said Mohamed Mussa, Executive Director of Chestertons. 'What we're seeing is not a temporary rebound but a redefinition of the region's investment profile. From the performance of off-plan markets in Ras Al Khaimah to the legal reforms enabling long-term ownership, this is an ecosystem ready for scale.' These trends were unpacked during Chestertons' Commercial Conference held in May 2025, which brought together senior leaders across valuation, advisory, and legal practice. The panel included: Andrew Elliott , Director of Commercial Agency , Director of Commercial Agency Benjamin Cullum , Head of Valuations and Advisory , Head of Valuations and Advisory Conor Henry , Director of Valuations and Advisory , Director of Valuations and Advisory Jake Wright , Director of Investment and Advisory , Director of Investment and Advisory Michael Kortbawi, Corporate & Finance Law Expert (BSA Ahmad Bin Hezeem & Associates LLP) The conference highlighted key structural enablers: 100% foreign ownership across most mainland sectors across most mainland sectors A newly introduced 9% federal corporate tax , with 0% options for qualifying free zone income structures , with 0% options for qualifying free zone income structures Expansion of investor-friendly zones such as RAKEZ , which is set to overtake JAFZA in activity , which is set to overtake JAFZA in activity Long-term renewable lease models, digital incorporation platforms, and streamlined dispute resolution through RERA , DIFC , and specialized courts , , and Increasing demand for REITs, sale-and-leaseback structures, and institutional-grade commercial assets amid Grade A supply constraints 'Recent legal reforms have shifted the UAE from being merely attractive to being strategically compelling,' said Lawyer: Michael Kortbawi, Corporate & Finance Law Expert and panelist at the Chestertons Commercial Conference. 'Investors now have clarity on ownership, tax, and dispute resolution, along with access to digital tools and long-term visas. This is a legal framework built for global capital and long-term business planning.' Residential demand also remained strong. Townhouse and villa transactions rose 51.93% in volume year-on-year, reaching a total value of AED 76.5 billion, while apartment sales climbed 16.25% in value to AED 75.1 billion. Buyer appetite was concentrated in communities such as JVC, Business Bay, and Dubai Marina, driven by location, lifestyle, and long-term rental yield potential. Rental activity reflected similar growth. Apartment leasing was up 21.4% year-on-year, totaling AED 11.3 billion across 151,000 rental transactions, while villa and townhouse leasing rose 21% in value to AED 3.4 billion. The report attributes these trends to population growth, long-term residency programs, and a shift toward larger living spaces post-COVID. 'Across every segment — commercial, residential, leasing, and investment — the UAE is showing clear signs of structured, sustainable growth,' added Mania Merrikhi, Chief Operating Officer and Managing Director at Chestertons MENA. 'The legal infrastructure, investor protections, and macroeconomic vision are all working in tandem to create one of the world's most investible property markets.' Chestertons — established in London in 1805 and active in the UAE since 2008 — has built a deep regional presence from its headquarters in Dubai Marina. The firm's team of over 165 professionals offers services across brokerage, valuation, building consultancy, asset management, and market research, property management and investment advisory. In Q1 2025 alone, Chestertons reported a 155% year-on-year increase in MENA transactions, and is now targeting 220% regional growth by 2026.

Gulf IPOs Signal Investor Confidence Amid Varied Market Responses
Gulf IPOs Signal Investor Confidence Amid Varied Market Responses

Arabian Post

time3 hours ago

  • Arabian Post

Gulf IPOs Signal Investor Confidence Amid Varied Market Responses

Dubai Residential REIT's debut on the Dubai Financial Market marked a significant milestone, closing nearly 14% higher at AED 1.25 per unit from its offer price of AED 1.10. The $584 million offering, backed by Dubai Holding, attracted overwhelming demand, with the IPO oversubscribed 26 times, reflecting strong investor confidence in Dubai's residential real estate sector. The REIT, focusing exclusively on residential leasing, launched with a market capitalisation of AED 14.3 billion and projects a gross dividend yield of 7.7% for 2025. Analysts attribute the robust performance to Dubai's post-pandemic property boom, bolstered by foreign investment and residency reforms. In contrast, Saudi Arabia's United Carton Industries Co. experienced a subdued market entry. The company's shares fell 1.5% on their first trading day, closing at SAR 49.3, below the IPO price of SAR 50. Despite the IPO being 8.9 times oversubscribed, the stock's performance was hindered by profit-taking and concerns over valuation amid tariff uncertainties. UCIC's Q1 2025 profit declined by 46% to SAR 18.7 million, further dampening investor sentiment. ADVERTISEMENT Looking ahead, Saudi Arabia's IPO landscape remains active. Flynas, the low-cost airline backed by Prince Alwaleed Bin Talal, launched its IPO aiming to raise SAR 4.1 billion by offering 51.3 million shares at SAR 80 each. The offering garnered significant interest, with institutional investors oversubscribing 100 times. The IPO, representing 30% of the company's capital, is expected to fund fleet expansion and route diversification, including new services to Damascus.

Ajman Port set for expansion under new agreement worth AED 1 billion
Ajman Port set for expansion under new agreement worth AED 1 billion

Dubai Eye

time7 hours ago

  • Dubai Eye

Ajman Port set for expansion under new agreement worth AED 1 billion

Ajman Port will undergo an expansion under an AED 1 billion investment agreement between Department of Port & Customs Ajman (DPC) and Hutchison Ports. The Memorandum of Understanding (MoU) will draw out a development plan for the port that will enhance handling efficiency, attract new shipping lines, align with digital transformation plans and solidify its position as a vital logistics hub in the region. It will also launch AI-powered programmess for port operations through an integrated 15-year plan aimed at managing, operating and developing the port. After witnessing the signing of the MoU, His Highness Sheikh Ammar bin Humaid Al Nuaimi, Crown Prince of Ajman, said the move will play a key role in stimulating the local economy by supporting supply operations and facilitating export and import activities through the provision of sustainable, eco-friendly infrastructure, while focusing on developing national talents and equipping them with modern port management skills. "We believe that port development is an investment in the future of trade, food security, and economic growth," he added. Sheikh Dr. Mohammed bin Abdullah Al Nuaimi, Chairman of the Department of Port & Customs Ajman, noted that the MoU marks an important step in reinforcing Ajman Port's position as a strategic hub in the UAE and the region's maritime transport network.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store