Latest news with #publicparking
Khaleej Times
3 days ago
- Business
- Khaleej Times
Dubai: No private parking? Residents may need to pay Dh500 for a spot this summer
With the Eid Al Adha break starting next Thursday, many UAE residents preparing for summer travel are facing an unexpected hurdle - soaring private parking fees. Those without designated building parking now find themselves shelling out Dh500 to Dh600 a month just to leave their vehicles in a safe spot - a sharp increase from the Dh200 they paid last summer. 'Shocked to hear the new prices' Aliya Rehman, a bank executive living on Al Maktoum Road in Deira, said her building offers only one parking slot, not enough for her family's two cars. "We usually leave the second car in the public paid zone near our building - it's in Zone 125C,' she said. "But when we travel for more than a week, we prefer a private, multilevel lot for peace of mind." Last year, she paid Dh200 to a nearby private operator. "This year, he's asking Dh500. He says it's because the car will be idle and he'll make sure the battery doesn't drain, wash it, and keep it safe. That sounds like a good service, but more than doubling the price feels like taking advantage. We're leaving next Wednesday for our hometown, and I don't want to risk leaving the car in open parking." 'Nowhere to park' Hadi Akbari, 38, a dry fruit trader living in Al Nahda, said parking has become a major source of stress. "During normal days, I manage with public parking, usually Zone 241D. But when I travel, I look for private lots." This year, he said the problem has become worse. "Some attendants are asking for Dh600 per month, and most spaces are already taken. I am travelling to Isfahan with my family for Eid and summer break, and I don't know where to park my car." He mentioned that congestion in areas near his residence makes things more complicated. "There are spaces available in away from my office and residence. Even if I find a spot, I worry about how to to bring the car back when I return." 'They know we're desperate during holidays' Mohammed Irfan, a logistics manager from Karama, said he paid just Dh150 last year to park for three weeks. 'Now, the same place quoted Dh350 - just because I'll be away and can't check on the car." These guys know people are flying out, and they are using that to their advantage. Even public parking has become more expensive, so private operators are following suit." Irfan is flying to Hyderabad for Eid Al Adha with his family and is still figuring out where to park his car. "It's either pay up or risk a fine or maybe damage. And without building parking, I don't have a choice." With the Eid holidays being clubbed with summer vacations, hundreds of families across the UAE are heading home or traveling abroad for several weeks. But without secure parking included in their accommodation, the added costs are starting to pile up. Khaleej Times checked with several private parking providers in Deira, Karama, and Muhaisnah. Most of them said the higher rates were because of an increase in their rents and leases and also mentioned that they offer care in the owner's absence. "We don't just park the car, we protect it," said one operator. "We wash it, check it, and even send daily video updates to the owner." Another said rising costs forced them to increase rates. "Our rent and lease charges have gone up, too, so we had to adjust prices slightly." For now, with time running out before Eid, many residents find themselves stuck between high parking costs and the worry of leaving their car exposed to summer heat.
Zawya
7 days ago
- Automotive
- Zawya
Parkin introduces public parking zones in Mirdif effective 26 May 2025
Parkin Company PJSC ('Parkin' or 'the Company'), the largest provider of paid public parking facilities and services in Dubai, announces the expansion of its parking portfolio with the introduction of new public parking zones in Mirdif, effective Monday, 26 May 2025. This initiative is in line with the Company's commitment to enhancing accessibility, improving the availability of parking, and supporting efficient traffic flow in high-demand neighbourhoods. As part of this rollout, public parking tariffs will apply to the following newly designated zones in Mirdif: Zone 251C – On-street parking Zone 251D – Off-street parking These areas are located within commercial and high-density locations in Mirdif and have been identified as requiring regulated parking due to sustained demand throughout the day. Tariff Details Parking will be charged from Monday to Saturday, 8:00 AM to 10:00 PM, with free parking on Sundays and official public holidays. The tariff structure is differentiated based on parking type (on-street vs off-street), parking duration, and whether the service is used during peak or off-peak hours, as defined below: Parking Duration Zone 251C – On-street Zone 251D – Off-street 1 hour AED 4 (Peak) / AED 2 (Off-Peak) AED 4 (Peak) / AED 2 (Off-Peak) 2 hours AED 8 / AED 5 AED 8 / AED 4 3 hours AED 12 / AED 8 AED 12 / AED 5 4 hours AED 16 / AED 11 AED 16 / AED 7 24 hours — AED 20 (flat rate) Note: 24-hour parking is available only in off-street Zone 251D. Peak Hours: 8:00 AM – 10:00 AM 4:00 PM – 8:00 PM Off-Peak Hours: 10:00 AM – 4:00 PM 8:00 PM – 10:00 PM This initiative is part of Parkin's broader strategy to implement a Variable Pricing Tariff Policy, which reflects demand-responsive pricing to manage parking occupancy more effectively. These measures help maintain optimal turnover of parking spaces in key areas and align with international best practices in urban mobility management. All parking zones will be clearly marked with signage displaying applicable tariffs and operational hours. For ease of access, full information is also available via the Parkin mobile app, website, and official social media channels. IR and Media Enquiries For more information, please visit or contact: Investors / Analysts Media About Parkin Company PJSC With a unique blend of operational excellence, technological know-how and enforcement capability spanning almost three decades, Parkin Company PJSC is the largest provider of paid public parking facilities and services in the Emirate of Dubai, operating approximately 200k paid parking spaces. Parkin has a monopoly on Dubai's on and off-street paid public parking market and a leading share of the total on and off-street paid parking market. Under a 49-year Concession Agreement with Dubai's Roads and Transport Authority (RTA), Parkin has the exclusive right to operate a portfolio of public on and off-street parking (180k spaces) as well as public multi-storey car parking facilities (3k spaces). Parkin also operates certain developer-owned parking facilities through partnership agreements across the Emirate (20k spaces). Additional revenue streams include enforcement, the issuance of seasonal permits, parking reservations and other commercial activities. By deploying state of the art digital payment solutions and intelligent parking management systems that utilise artificial intelligence and big data analysis, Parkin's customers successfully conducted 95m parking transactions during 9M 2024. Dubai's parking operations were established in 1995 under the Dubai Municipality, before becoming part of the RTA in 2005. In December 2023, Parkin Company PJSC was established through the issuance of Law No. 30 of 2023, successfully completing its initial public offering (IPO) on the Dubai Financial Market in March 2024.
Khaleej Times
7 days ago
- Business
- Khaleej Times
Dubai: Parkin announces two new paid parking zones in Mirdif
Earlier this month, the company rolled out monthly subscription services for designated areas across the city Parkin, the leading public parking provider in Dubai, announced that it will introduce two new parking zones in Mirdif. On-street zone 251C and off-street zone 251D will operate starting Monday. Earlier this month, the company rolled out monthly subscription services for designated areas across the city, removing the hassle of tracking parking time or risking fines for overstaying.
Gulf Business
09-05-2025
- Automotive
- Gulf Business
Parkin hits record profit as Dubai's public parking demand surges
Image: Supplied Dubai's largest provider of paid public parking, Parkin Company PJSC, has reported its latest financial results for the first quarter of 2025, underpinned by growing demand and operational expansion across the city. The company posted a net profit of Dhs136.6m for the three-month period ending 31 March, a 32 per cent increase over the same quarter in 2024. Revenue rose 27 per cent to Dhs273.3m, while earnings before interest, taxes, depreciation and ammortisation (Ebitda) also climbed 27 per cent to Dhs176.2m, maintaining a 64 per cent margin. Operational performance was equally strong. The total number of parking transactions reached 36.5 million, up 12 per cent year-on-year. Parkin expanded its parking portfolio by approximately 11,700 spaces, bringing the total to 209,000. Public parking utilisation climbed to a record 28.9 per cent, supported by higher vehicle volumes and improved compliance. Parkin also saw enforcement activity increase significantly. The company issued 569,000 enforcement notices in Q1, up 50 per cent from the same period in 2024. This was bolstered by enhanced inspection technology and a larger fleet of smart scan vehicles, which alone scanned 12.5 million vehicle plates in the quarter. 'As we continue to support Dubai's ambitious growth plans, I am confident in Parkin's future opportunities and in our ability to execute against our strategic objectives, driving sustainable, long-term shareholder value for the benefit of our investors,' said Eng. Mohamed Al Ali, CEO of Parkin. The company confirmed that full-year guidance remains unchanged. It also highlighted early positive trends from the rollout of its variable pricing model in April 2025. Parkin, which listed on the Dubai Financial Market in March 2024, operates under a 49-year concession agreement with Dubai's Roads and Transport Authority.
