Learn languages naturally with fresh, real content!

tap to translate recording

Explore By Region

flag 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.

flag 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. flag Revenues rose 43% to AED 1.33 billion, with public parking contributing AED 524.5 million. flag The company plans to add 5,500 to 7,500 new spaces in 2026, boosting public parking capacity by up to 3.9%. flag 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. flag A cash dividend of AED 343.7 million is pending shareholder approval.

6 Articles