Dubai-based Parkin Company PJSC, the emirate’s leading provider of paid public parking facilities and services, has signed a landmark five-year agreement with DAMAC Properties, one of the UAE’s most prominent real estate developers. The partnership marks Parkin’s first operational entry into the Abu Dhabi parking market, representing a key milestone in the Company’s geographic expansion beyond Dubai.
The agreement forms part of Parkin’s broader strategy to grow its presence in the developer-managed parking segment while supporting improved traffic flow, enhanced user experience, and more efficient utilisation of parking infrastructure. Under the collaboration, Parkin will manage and operate approximately 3,600 parking spaces across DAMAC’s portfolio of residential, commercial, and mixed-use developments in both Dubai and Abu Dhabi.
As part of the project scope, Parkin will oversee around 500 on-street parking spaces within DAMAC Hills 1. In addition, the Company will manage approximately 2,700 parking spaces spread across 44 residential and commercial towers located in high-profile areas, including Downtown Dubai, DIFC, Dubai Marina, Business Bay, and Al Reem Island in Abu Dhabi. The inclusion of Abu Dhabi sites makes this Parkin’s first formal expansion outside Dubai, reinforcing its ambitions to scale across the UAE.
The partnership will introduce a mix of visitor- and permit-based parking options to serve both short- and long-term users across DAMAC’s residential towers, commercial buildings, and community malls. All managed locations will be fully integrated into the Parkin mobile application, allowing customers to access and manage parking services through a single digital platform. This integration is expected to improve convenience, streamline access, and enhance the overall customer journey.
Implementation of the agreement is scheduled to begin in the first quarter of 2026. The rollout will include the full integration of Parkin’s advanced technology stack with DAMAC’s existing infrastructure. This will cover access control systems, automatic number plate recognition technology, and enforcement operations, creating a unified operating model across all sites. The approach is designed to ensure high standards of efficiency, reliability, and scalability.
Commenting on the agreement, Eng. Mohamed Abdulla Al Ali, CEO of Parkin, said, “This five-year partnership with DAMAC is a strong endorsement of Parkin’s three decades of expertise in technology, operations, and enforcement. It reflects the value we deliver to partners and developers by applying our proven capabilities to some of the UAE’s most well-known communities. We are creating seamless, convenient parking solutions tailored to the needs of residents, visitors, and tenants. In addition, expanding into Abu Dhabi marks a milestone in our growth strategy, as we extend our reach beyond Dubai. Together with DAMAC, we aim to set new benchmarks in customer experience, operational efficiency, and smart mobility across the UAE.”
Mohammed Tahaineh, Chief Project Officer of DAMAC Properties, highlighted the benefits of the collaboration, stating, “Our unique communities are designed to deliver high standards of convenience, comfort, and safety. Partnering with Parkin ensures that residents and visitors stand to benefit from world-class parking solutions powered by smart technology. This exciting collaboration underscores our commitment to enhancing the customer journey across our developments in Dubai and Abu Dhabi.”
The agreement reflects growing collaboration between mobility service providers and major developers as UAE cities continue to invest in smart infrastructure, integrated digital services, and improved urban living experiences.
