Dubai residents can soon expect a significant expansion in paid parking options across various communities. Parkin, Dubai's parking operator, has signed a new agreement with global investment company, Dubai Holding, to manage around 29,600 additional parking spaces in several master-planned areas.
While a phased rollout is planned which will start soon, the exact locations of the affected communities have not yet been disclosed.
The move responds to growing demand for better-managed parking solutions across the city. Using digital technology, data analytics, and real-time monitoring, Parkin aims to make finding and using parking more efficient while reducing congestion.
Commenting on the initiative, Eng. Mohamed Abdulla Al Ali, CEO of Parkin, said, “This strategic partnership with Dubai Holding strengthens our presence in the private developer parking segment, enabling us to extend our market-leading parking solutions across key communities in the emirate, while delivering integrated urban mobility experiences that enhance our customers’ quality of life".