About Parkin
Parkin is the company that operates most of Dubai's public paid parking. It manages on-street parking spaces and public car parks across the city, and it listed on the Dubai Financial Market in 2024, with the Government of Dubai retaining a majority stake.
Parking in Dubai is divided into zones with different tariffs, depending on location and demand. Drivers pay for parking through a range of channels, including mobile apps, SMS, parking machines and digital payment services. Parkin runs this system, including the payment infrastructure, enforcement and management of parking spaces.
Digital payment has become the main way drivers pay for parking. Through apps and SMS, drivers can pay for a set duration, receive reminders before their time runs out and extend parking remotely. This convenience reduces the need for coins or physical tickets.
Enforcement is part of the operation. Parkin uses inspectors and technology, including vehicles fitted with cameras that read number plates, to check whether cars in paid zones have valid parking. Smart enforcement improves compliance and efficiency.
The company also offers parking permits and subscriptions for residents and businesses, allowing regular users to park in certain areas for a monthly or annual fee.
Parkin has been developing smart parking services, such as systems that show available spaces and new payment options, to make parking easier and reduce time spent searching for a space. Reducing searching can also reduce congestion and emissions.
Its revenue comes from parking fees, permits and fines, under arrangements with the Roads and Transport Authority. As Dubai grows and demand for parking increases, the company's role becomes more significant.
The listing of Parkin was part of Dubai's programme to bring government-owned companies to the stock market, alongside Salik and Dubai Taxi Company.
Parkin runs one of the most visible everyday services in the city, and Startups UAE includes it among Dubai's mobility and transport technology companies.
Parking in Dubai is divided into zones with different tariffs, depending on location and demand. Drivers pay for parking through a range of channels, including mobile apps, SMS, parking machines and digital payment services. Parkin runs this system, including the payment infrastructure, enforcement and management of parking spaces.
Digital payment has become the main way drivers pay for parking. Through apps and SMS, drivers can pay for a set duration, receive reminders before their time runs out and extend parking remotely. This convenience reduces the need for coins or physical tickets.
Enforcement is part of the operation. Parkin uses inspectors and technology, including vehicles fitted with cameras that read number plates, to check whether cars in paid zones have valid parking. Smart enforcement improves compliance and efficiency.
The company also offers parking permits and subscriptions for residents and businesses, allowing regular users to park in certain areas for a monthly or annual fee.
Parkin has been developing smart parking services, such as systems that show available spaces and new payment options, to make parking easier and reduce time spent searching for a space. Reducing searching can also reduce congestion and emissions.
Its revenue comes from parking fees, permits and fines, under arrangements with the Roads and Transport Authority. As Dubai grows and demand for parking increases, the company's role becomes more significant.
The listing of Parkin was part of Dubai's programme to bring government-owned companies to the stock market, alongside Salik and Dubai Taxi Company.
Parkin runs one of the most visible everyday services in the city, and Startups UAE includes it among Dubai's mobility and transport technology companies.