Dubai: New variable parking fees to start on April 4
New variable parking fees in Dubai will take effect on April 4, Parkin PJSC – the largest operator of paid public parking facilities and services in the emirate – confirmed in a company disclosure posted by Dubai Financial Market on Friday.
'We would like to disclose to the market that Parkin Company PJSC has received a letter from Dubai's Roads and Transport Authority (RTA) regarding the decision to introduce variable tariff pricing,' said in the letter signed by Parkin CEO Mohamed Abdulla Al Ali.
He confirmed peak pricing will apply for 6 out of the 14 chargeable hours per day – from 8am to 10am (2 hours) and 4pm to 8pm (4 hours), excluding Sundays and public holidays. Parking fees during off-peak hours from 10am to 4pm; and 8pm to 10pm will remain unchanged, with pricing in line with the existing tariff structure.
The variable tariff is expected to be implemented after the Eid al Fitr holidays, specially from April 4.
Currently, Parkin is implementing Ramadan timings with two periods of chargeable hours from Monday to Saturday. The first period is from 8am – 6pm; and second period is from 8pm to 12 midnight. Pricing is in line with the existing tariff structure. Parking is free between 6pm and 8pm Monday to Saturday and whole day Sundays during Ramadan only. Multi-level parking buildings operate 24/7.
Khaleej Times was the first to report that Parkin has started putting up new parking signages in various commercial and residential areas across the city, in line with the implementation of new variable parking fees in April.
Parkin also sent notifications last week to its customers who are using the app that read: 'Please be advised that the zone codes have been updated, but the tariff pricing remains unchanged. For example, zone code 'A' is now 'AP' and the parking fees remains the same.'
Know the zones
Paid public parking in Dubai is mainly divided into four different zones: A, B, C, D – which will become AP, BP, CP, and DP. The zones are further classified into standard and premium parking areas, which have different tariffs.
There are other parking codes/zones in different commercial areas of Dubai such as codes E, I, J, K and L at Jumeirah Lakes Towers (JLT); Code F – Knowledge Village, Dubai Media City, Dubai Internet City; Code G – Burj Khalifa, Marasi Bay, Dubai Health Care City, Dubai Hills; Code H – Dubai Silicon Oasis; and Code X – around Dubai World Trade, where parking is Dh25 per hour when there are events.
Higher fees for premium parking
The implementation of new variable parking fees translates to higher parking fees during peak hours in some premium areas.
For example, parking at a residential area in Al Barsha that carries code 373CP – designated as premium area – during peak hours (8am to 10am; 4pm to 8pm) will become:
Dh6 for 1 hour (from the current Dh2 for 1 hour, as it still carries a 373C or non premium area code)
Dh12 for 2 hours (from Dh 5 for 2 hours
Dh18 for 3 hours (Dh 8 for 3 hours)
Dh24 for 4 hours (Dh 11 for 4 hours)
During off-peak hours, in the same area, parking fees remain as:
Dh2 for 1 hour
Dh5 for 2 hours
Dh8 for 3 hours
Dh11 for 4 hours
What are premium parking areas?
Parkin said they are 'currently engaged in advanced discussions with the Roads and Trasnport Authority (RTA) to confirm and finalise outstanding points regarding the variable pricing tariff, which is set to be introduced from early April 2025.'
The announcement about the increase in tariffs in premium parking areas was first announced by Parkin in November last year.
Al Ali earlier explained: 'The locations for premium parking spaces were selected based on three criteria: First, ease of access to the area using public transport, such as areas within 500 metres of a metro station; second, areas with high parking occupancy during peak periods; and third, density and congestion, such as markets and commercial activity zones.'
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