The paid parking operator Parkin has signed a five-year agreement with DAMAC Properties to manage around 3,600 parking spaces across the developer’s communities in Dubai and Abu Dhabi.
The partnership will see Parkin handle over 500 on-street spaces in DAMAC Hills 1, along with about 2,700 spaces across 44 residential and commercial towers in key areas such as Downtown, DIFC, Dubai Marina, Business Bay and Al Reem Island.
The deal also marks Parkin’s first move into the Abu Dhabi parking sector.
Parkin says all locations will be integrated into its mobile app, allowing residents and visitors to access permits and parking services through a single platform.
The rollout begins in early 2026 and will include upgraded technology such as automatic number plate recognition and unified access systems.
Parkin CEO Eng. Mohamed Abdulla Al Ali said the agreement reflects the company’s long-standing expertise and supports its expansion beyond Dubai.
Mohammed Tahaineh, Chief Project Officer of DAMAC Properties, said the partnership will enhance convenience and improve the customer experience across its communities.
باركن وداماك يواصلان تعزيز مشهد التنقّل الحضري بتوقيع اتفاقية جديدة لمدة خمس سنوات لإدارة وتشغيل أكثر من 3600 موقف في دبي وأبوظبي.
— ParkinUAE (@ParkinUAE) December 12, 2025
خطوة تعكس التزام الطرفين بتطوير حلول ذكية ومتكاملة تعزّز انسيابية الحركة وتجربة المستخدم في أبرز المجمعات السكنية والتجارية.
Parkin and DAMAC… pic.twitter.com/2GTzm0dbO3
DP World launches 36-hour Dubai-Iraq sea link
Dubai hosts Sustainable Bio International Forum
TerraUSD creator Do Kwon sentenced to 15 years over $40 billion crypto collapse
BRIDGE Summit drives $200 million deal to boost UAE's media sector
ADCB successfully completes AED6.1 billion rights issue
