Parkin, Dubai’s provider of public parking facilities and services, saw its total revenue rise by 21% to AED 415.2 million during the third quarter of this year, compared to AED 343.3 million in the same period last year.
According to a press release issued by the company, fines constituted its largest source of income, accounting for 32.85% of total revenue. Fine collections reached AED 136.4 million, up 32% on an annual basis from AED 103 million. Revenues from public vehicle parking came in second, accounting for 30.78% of total income at AED 127.8 million—an annual decrease of 5% compared to AED 135 million.
Revenues from issued permits and seasonal subscriptions ranked third, accounting for 20% of the total at AED 83.8 million, marking an annual increase of 40% from AED 59.9 million. This was followed by revenues from parking in private developer-owned areas, which recorded AED 39.8 million—or 9.58% of the total—compared to AED 23.5 million in the third quarter of 2025. Other revenues contributed AED 23.1 million to the company’s total income during the third quarter of 2026, up from AED 18.3 million.
Revenues from multi-storey public parking facilities made the smallest contribution to the company’s income, amounting to AED 4.4 million compared to AED 3.7 million in the third quarter of 2025.
Source: Emirates 24|7