Dubai - Mubasher: Parkin Company entered into a multi-year agreement with Binghatti Holding Limited to operate approximately 1,200 spaces across selected developments in the Jumeriah Village Circle, Al Jaddaf, and Business Bay areas.
The partnership aligns with Parkin’s ongoing strategy to expand its footprint within the developer parking segment and grow its managed parking portfolio across Dubai, according to a press release.
However, the company does not expect the agreement to have a material impact on its financial performance.
Through the Parkin mobile app, customers will access parking services at these locations via a single and unified digital platform.
The digital integration will enhance customer convenience and improve the overall user experience while creating a strategic opportunity to unlock value from existing and underutilized parking assets and support efficient mobility for residents and visitors.
Mohamed Abdulla Al Ali, CEO of Parkin, commented: “By integrating our advanced digital capabilities and operational expertise across some of Binghatti’s key developments, we will deliver a seamless and convenient parking experience that supports efficient mobility.”
He added: “We look forward to working with Binghatti to optimize asset utilization, enhance customer experience, and contribute to the continued evolution of smart urban infrastructure in the city.”
Katralnada Binghatti, CEO of Binghatti Holding, said: “Our partnership with Parkin supports this vision by introducing a smart, digitally enabled parking ecosystem that strengthens accessibility and enhances day-to-day mobility.”
“By integrating advanced parking capabilities across selected Binghatti developments, we are further elevating operational performance while supporting Dubai’s continued progress toward a more connected, efficient, and future-ready urban environment, creating a seamless experience that reflects the standards of modern living and infrastructure excellence,” Binghatti added.
At the end of December 2025, Parkin logged 48% year-on-year (YoY) higher net profits at AED 625.50 million, compared with AED 423.49 million.
