Latest news with #ParkinPJSC
Khaleej Times
06-04-2025
- Automotive
- Khaleej Times
Dubai's new variable parking fees: Some residential buildings offer cheaper options for motorists
Parking offered at some residential buildings in Dubai has become a viable option for some motorists following the increase in public parking fees brought about by the introduction of premium parking rates. Some residential buildings – particularly in densely populated areas of Al Barsha, Karama, and Deira – have been offering parking for motorists long before Parkin PJSC (the largest operator of paid public parking facilities in Dubai) introduced variable parking fees on April 4 and increased the tariff during peak hours. Khaleej Times checked and found parking at residential buildings still costs Dh5 per hour. There are also daily, weekly, and monthly rates. Meanwhile, the tariff for on-street parking operated by Parkin has increased in places categorised as premium parking areas. From Dh2 or Dh4 (depending on the parking zone code), it is now Dh6 per hour during peak hours, which are 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 – remain unchanged. Densely populated areas, including those adjacent to or near public transport infrastructure have been categorised as premium parking spots. The zones are clearly marked with dedicated signage and tariff details on display. Zones A, B, C, and D designated as premium parking have now become AP, BP, CP, and DP. The implementation of new variable parking fees translates to higher parking fees during peak hours in these premium parking areas. This also means additional expense for motorists. Most residential buildings offer at least one free parking spot per unit. The problem is for those living in shared accommodation or families with more than one car – as they have to find the most economical way to park their vehicles. Filipino expat Alfredo Pascual who lives in Al Barsha said he recently subscribed for monthly parking at the building next to where he lives. 'There is no more parking space available in our building. Thankfully, the building next to us offers parking for Dh250 per month,' he told Khaleej Times. 'Rates vary,' he added, 'I saw one building offering as low as Dh200 monthly but that's around 300m from where I live. So I chose the Dh250 instead.' Leave your key The only concern for Pascual is that there is no secured spot for parking. That means, if he comes home late, he has to settle for the farthest parking space or the one next to the wall or beam post, where it would be very tight to manoeuvre his car. 'Some of these residential buildings advertise offering valet parking. But don't mistake it for the same service you would get from a hotel when you leave your car. It's actually a euphemism that you have to leave your key. In most instances, you have to give your car key to the watchman — who doubles as parking attendant — as he has to move your car when it is double parked,' added M. Rangsant, a Thai expat, who lives in the same area in Al Barsha. Parking spaces in residential buildings are usually reserved for tenants but there are some enterprising operators who maximise the space by converting the driveway into a parking area, Khaleej Times has learnt. 'But it is still cheaper to park in a residential building rather than on the street. Residential building parking is also at least shaded,' said Rangsant, noting: 'If you park your car even for just two hours during peak hours, that would cost you Dh12 daily or Dh72 weekly, and about Dh300 monthly. 'The only problem is that parking spots are limited and with the increase in public parking fees, there would be a greater demand. I just hope the residential parking operators would not consider increasing their weekly or monthly subscription,' she added. Better option Meanwhile, some motorists have opted for a better option to minimise their expenses by applying for a season parking pass, which they can use at different parking zones across Dubai. The price of which has remained unchanged following the introduction of variable parking fees. Speaking to Khaleej Times over the weekend, Syrian expat Faris AbuNael said: 'Now, with peak-hour charges going up to Dh6 per hour, I'm looking at spending an extra Dh12 to Dh16 a day for parking. Switching to a Dh500 monthly parking subscription that covers Zones A, B, C, and D makes more financial sense. It allows me to park anywhere in these zones, including near my home, and overall, I'll save at least Dh250 a month,' he added. The season pass is available from Parkin and Dubai's Roads and Transport Authority websites and mobile apps.
Hi Dubai
24-03-2025
- Automotive
- Hi Dubai
New Variable Parking Fees Set to Increase Costs in Dubai's Premium Areas Starting April 4
Dubai's parking fees are set to change, with the introduction of variable pricing that will see higher fees during peak hours in premium areas. The new system, confirmed by Parkin PJSC, the largest operator of paid public parking in Dubai, will be implemented from April 4, 2025. In a disclosure posted on the Dubai Financial Market on Friday, Parkin announced that the new tariff system, approved by the Roads and Transport Authority (RTA), will apply during 6 out of the 14 chargeable hours each day. These peak hours will be from 8 am to 10 am and 4 pm to 8 pm, excluding Sundays and public holidays. Outside these times, from 10 am to 4 pm and 8 pm to 10 pm, the parking fees will remain unchanged, maintaining the existing tariff structure. The variable pricing will affect several premium areas, including Al Barsha, where parking fees will see significant increases during peak hours. For example, parking for one hour in a premium area like Al Barsha will rise from Dh2 to Dh6 during peak hours, and the cost for four hours will go from Dh11 to Dh24. During off-peak hours, fees will remain at the current rates. Parkin also clarified the recent updates to parking zone codes. The zones, previously labeled A, B, C, and D, will now be marked as AP, BP, CP, and DP, with similar changes in other commercial areas like Jumeirah Lakes Towers, Knowledge Village, and Dubai Media City. However, the fee structure for these zones will stay the same for now. This pricing adjustment is part of ongoing discussions between Parkin and the RTA, focusing on refining the variable tariff system. These changes, which were initially announced in November 2024, aim to improve parking management by reflecting demand during peak hours, particularly in high-density areas with strong public transport connections, such as those near metro stations and commercial zones. As the new parking structure rolls out post-Eid Al Fitr, Dubai residents and visitors are advised to plan their parking strategies, especially in premium zones, to avoid unexpected costs. Parking Zones and Pricing Changes New Zone Codes : Zone A becomes Zone AP Zone B becomes Zone BP Zone C becomes Zone CP Zone D becomes Zone DP : Other Commercial Area Codes : Jumeirah Lakes Towers: Codes E, I, J, K, L Knowledge Village, Dubai Media City, Dubai Internet City: Code F Burj Khalifa, Marasi Bay, Dubai Health Care City, Dubai Hills: Code G Dubai Silicon Oasis: Code H Dubai World Trade: Code X (Dh25 per hour during events) : Premium Area Parking Pricing (e.g., Al Barsha) : Peak Hours (8am - 10am; 4pm - 8pm): 1 hour: Dh6 (up from Dh2) 2 hours: Dh12 (up from Dh5) 3 hours: Dh18 (up from Dh8) 4 hours: Dh24 (up from Dh11) Off-Peak Hours (10am - 4pm; 8pm - 10pm): 1 hour: Dh2 (no change) 2 hours: Dh5 (no change) 3 hours: Dh8 (no change) 4 hours: Dh11 (no change) : News Source: Khaleej Times
Khaleej Times
21-03-2025
- Business
- Khaleej Times
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.'
Khaleej Times
12-03-2025
- Business
- Khaleej Times
Dubai updates parking codes with weeks left for variable rates
Parkin PJSC - Dubai's largest operator of paid public parking facilities and services – 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 has also sent notifications 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.' 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. Initially, there was a slight confusion among some motorists who saw the new parking signages for the first time, especially among those who are holding seasonal parking permits. Dubai resident Saad Aqueel, who is also a communications consultant, told Khaleej Times on Wednesday: 'I hold a seasonal parking pass for zones A, B, C and D. With the introduction of the new parking codes, I was uncertain whether my pass would still be accepted. I noticed that many people on Ittihad Road appeared confused by the changes. Out of caution and to avoid any potential fines, I chose to pay for parking despite having a valid pass.' 'I hope there are no changes for the seasonal pass holders and I hope its price will not go up,' added Aqueel, who recently paid Dh4,500 to cover his annual parking pass. Parking fee increase Last month, Parkin PJSC announced that the new variable pricing tariff will take effect from early April 2025 across Dubai. Salik has already rolled out variable rates depending on peak and off-peak usage of its 10 toll-gates. Variable or dynamic pricing is about implementing flexible parking tariffs depending on peak and off-peak hours. There are 14 chargeable hours per day (Monday to Saturday) – from 8am to 10pm. By April this year, six of those 14 hours will fall under peak timings – from 8am to 10am (2 hours) and 4pm to 8pm (4 hours). This translates to higher parking fees during peak hours. For example, parking at a residential area in Al Barsha (code 373CP) during peak hours (8am to 10am; 4pm to 8pm) will become: Dh 6 for 1 hour Dh 12 for 2 hours Dh 18 for 3 hours Dh 24 for 4 hours During off-peak hours, in the same area, parking fees remain as: Dh 2 for 1 hour Dh 5 for 2 hours Dh 8 for 3 hours Dh 11 for 4 hours Free parking days Public parking remains free of charge on Sundays and public holidays. Parkin earlier announced premium parking will be charged at Dh6 per hour across all public parking zones (A,B, C, D), except on Sundays and public holidays. Tariffs during off-peak hours (10am– 4pm and 8pm – 10pm) will remain unchanged, with pricing in line with the existing tariff structure. Zones B and D will continue to offer a daily rate option. The daily tariff for premium parking will be Dh40 in Zone B and Dh30 in Zone D. Where 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. Eng Mohamed Abdulla Al Ali, CEO of Parkin, 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. 'Premium parking spaces include, for example, commercial areas in parts of Deira and Bur Dubai, Downtown Dubai, Business Bay, Jumeirah and Al Wasl Road and other locations,' he added. Approximately 35 per cent of the company's public parking portfolio of 184,000 spaces will qualify as premium parking. Ramadan timings 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
28-02-2025
- Automotive
- Khaleej Times
Dubai: Variable parking fee to start from April, Parkin announces
Parkin PJSC — the largest operator of paid public parking facilities in the emirate — said the new variable pricing tariff is set to be introduced from early April 2025 across Dubai. Public parking is classified into four tariff zones – A,B, C, D – with premium and standard zones for both on and off-street parking. Parkin said peak pricing for standard parking spaces in zones A to D will apply for six out of the 14 chargeable hours per day . During peak hours (from 8am to 10am and 4pm to 8pm) premium parking will be charged at Dh6 per hour across all public parking zones (A,B, C, D), except on and public holidays. Tariffs during off-peak hours (10am– 4pm and 8pm – 10pm) will remain unchanged, with pricing in line with the existing tariff structure. Zones B and D will continue to offer a daily rate option. The daily tariff for premium parking will be Dh40 in Zone B and Dh30 in Zone D. Ramadan timings Chargeable hours, however, will change during Ramadan as there will be two periods from Monday to Saturday. The first period will be from 8am – 6pm; and second period is from 8pm to 12 midnight. Parking is free between 6pm and 8pm Monday to Saturday and whole day Sundays during Ramadan only. Multi-level parking buildings operate 24/7. 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. Eng. Mohamed Abdulla Al Ali, CEO of Parkin, 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 meters 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. 'Premium parking spaces include, for example, commercial areas in parts of Deira and Bur Dubai, Downtown Dubai, Business Bay, Jumeirah and Al Wasl Road and other locations,' he added. Approximately 35 per cent of the company's public parking portfolio of 184,000 spaces will qualify as premium parking.
