Parkin Company announced on Tuesday that it signed a strategic agreement with Dubai Holding, a diversified global investment company with investments in more than 30 countries, to introduce parking solutions across a number of master-planned communities in Dubai.
Under the terms of the new agreement, Parkin will operate and manage around 29,600 paid parking spaces. This initiative expands the company’s total developer-owned portfolio to around 50,400 spaces, with a moderate impact on operational income from mid-Q3 2025.
Parkin expands private developer parking segment
Through this agreement, Parkin will oversee the end-to-end management of parking operations at several Dubai Holding communities by deploying its advanced digital technologies, enforcement systems and real-time data analytics to enhance operational efficiency and optimize parking management across the designated areas.
The implementation of controlled parking comes in response to increasing pressure on parking availability across key destinations.
“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,” said Eng. Mohamed Abdulla Al Ali, CEO of Parkin.
Operational rollout to proceed in phases
By introducing a customer-centric and digitally enabled parking model, the collaboration with Parkin will create added value for Dubai Holding’s communities, enhancing space optimization, accessibility, smart mobility and urban connectivity.
“The operational rollout will proceed in phases, fully aligned with Parkin’s rigorous operational standards and commitment to improving efficiency and day-to-day convenience. This collaboration represents a key milestone in Parkin’s expansion strategy and underscores our dedication to continue developing efficient, sustainable and resident-centric infrastructure in support of Dubai’s ongoing expansion,” added Al Ali.
Parkin’s agreement with Dubai Holding reflects a shared commitment by both entities to invest in the infrastructure and technology needed to support a modern, efficient and user-friendly mobility system. The partnership aims to improve traffic flow, reduce congestion and enhance the day-to-day mobility experience for residents and visitors.
