Dubai’s largest provider of paid public parking facilities, Parkin Company PJSC, plans to add 3,000 parking spaces in privately developed areas by the end of 2025.
Parkin will also develop four multi-storey car parks in the next two years, the company said.
In the second quarter this year, it posted a record Dh320 million in total revenues, marking a 56 percent increase compared to the same period in 2024.
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Parkin announced that their EBITDA (earnings before interest, taxes, depreciation, and amortization) rose by 41 percent to Dh189.3 million, while net profit climbed by 56 percent compared to Q2 2024.
“Parkin’s record-breaking Q2 performance underscores our ambition to redefine Dubai’s urban mobility through smart, efficient, and customer-focused parking solutions,” said Eng Mohamed Abdulla Al Ali, CEO of Parkin.
He further added that the firm’s strong revenue growth was driven by the successful rollout of the “variable parking tariff,” increased seasonal card sales, and improved enforcement.
Parking spaces
By the end of Q2, Parkin managed 211,500 parking spaces, a 6 percent increase compared to Q2 2024’s 200,400. Public parking spaces increased by 11,700 to 188,700 spaces (a 7 percent increase) following significant additions in Zone C with 7,800 on-street spaces added and Zone D with 3,800 off-street spaces added. Between year-end 2024 and Q2 2025, a total of 4,700 new public parking spaces were added.
The introduction of Dubai’s variable parking tariff in April 2025 reclassified public spaces into Standard Parking (109,000 spaces) and Premium Parking (79,700 spaces). The Dh25 hourly tariff applies only during major events.
Developer parking, meanwhile, declined slightly to 19,600 spaces due to planned phase-outs at Al Sufouh, although some areas saw new additions, particularly in Zone W, launched in April. Multi-story parking capacity remained stable at 3,200 spaces.
Strong transaction growth
Total parking transactions increased 15 percent year-on-year to 32.9 million. Public parking was the main driver, with Zone C transactions jumping 17 percent to 20 million, and Zone D rising 7 percent to 3.3 million.
Developer parking transactions surged 35 percent despite fewer spaces, thanks to higher utilization rates. Multi-story car parking remained flat year-on-year at 3.2k in Q2 2025. Post-period end, the newly refurbished Al Rigga MSCP re-opened in July 2025, restoring access to 440 spaces, equipped with advanced barrierless, ticketless access technology.
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