Dubai drivers should expect more paid parking as city grows, says Parkin

Dubai's rapid expansion will continue to see the city increase its paid parking, according to Parkin, the operator responsible for 268,300 paid parking spaces across the city. The increase represents a rise of more than a quarter since last year as new areas have been brought under Parkin's management. Mohamed Al Ali, Parkin's CEO, emphasized that regulated parking is essential infrastructure for Dubai as it grows.

"Parking is reaching every single person here," he stated. "We can see continued urban expansion, changing mobility patterns, and the growing expectations for smarter and more seamless services." Drivers should anticipate the network to expand further, as Parkin believes that without paid parking, people will abuse the system. Khattab Abu Qaoud, Parkin's CFO, noted the stark difference between controlled and uncontrolled zones, emphasizing the need for regulation to manage traffic and ensure spaces are available.

While Parkin's expansion has drawn criticism, Abu Qaoud believes it offers ease and value for customers, noting that the service is cheaper than in cities like New York and London. Revenue for Parkin rose 14% in the second quarter, reaching Dh364.1 million, with enforcement revenue up 11% to Dh107.5 million, accounting for nearly 30% of total revenue.

The company plans to increase the number of street cameras to 5,000 and expand its operations into Sharjah and Abu Dhabi, as well as exploring international opportunities.