Dubai’s leading paid public parking provider, Parkin, is in the final stages of discussions with the Roads and Transport Authority (RTA) to fine-tune the implementation of its upcoming dynamic pricing system. Set to launch in April 2025, the new tariff structure is designed to enhance parking efficiency and availability across the city.
Alongside this strategic move, Parkin has reported impressive financial growth, with net profits rising by 13% for the fourth quarter of 2024. The company recorded AED 120 million in net earnings, compared to AED 106.2 million during the same period in 2023, underscoring its strong market position and operational success.
Under the new flexible pricing model, approximately 65% of Parkin’s 184,000 public parking spaces will be categorized as standard parking. Peak-hour pricing will be applied for six hours daily in designated zones (A to D) during the following time slots:
8:00 AM – 10:00 AM
4:00 PM – 8:00 PM
Sundays and public holidays will remain exempt from peak-hour charges. Meanwhile, the remaining 35% of Parkin’s parking spaces will be classified as premium parking, offering a differentiated pricing structure tailored to high-demand areas.
By introducing dynamic tariffs, Parkin aims to create a more efficient and accessible parking ecosystem, easing congestion and providing a seamless experience for drivers across Dubai.