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Dubai's parking operator Parkin saw a 48% profit rise in 2025, driven by demand and network growth, with plans for more spaces and dividends pending approval.
Parkin, Dubai’s public parking operator, reported a 48% year-on-year increase in 2025 net profit to AED 625.5 million, driven by rising demand, variable tariffs, and an 11% expansion of its parking network to 229,000 spaces.
Revenues rose 43% to AED 1.33 billion, with public parking contributing AED 524.5 million.
The company plans to add 5,500 to 7,500 new spaces in 2026, boosting public parking capacity by up to 3.9%.
It forecasts public parking revenues of AED 560–610 million, fine revenues of AED 420–460 million, and seasonal card sales of AED 260–280 million.
A cash dividend of AED 343.7 million is pending shareholder approval.
El operador de estacionamiento de Dubai, Parkin, registró un aumento de ganancias del 48% en 2025, impulsado por la demanda y el crecimiento de la red, con planes para más espacios y dividendos pendientes de aprobación.