Parkin Expands Developer Parking Portfolio Through Binghatti Partnership

Parkin Company PJSC (“Parkin” or the “Company”), the largest provider of paid public parking facilities and services in Dubai, has entered into a multi-year agreement with Binghatti Holding Ltd (“Binghatti”), one of the UAE’s largest real estate developers.

Under the terms of the agreement, Parkin will operate a defined portfolio of approximately 1,200 spaces across selected Binghatti developments located in the Jumeriah Village Circle, Al Jaddaf and Business Bay areas. The partnership forms part of Parkin’s ongoing strategy to expand its presence within the developer parking segment and grow its managed parking portfolio across Dubai. The agreement is not expected to have a material impact on the Company’s financial performance.

Parking access at these locations will be fully integrated into the Parkin mobile application, enabling customers to manage all parking services through a single, unified digital platform. Customers will be able to book parking for both short term and long term use, including the purchase of seasonal cards.

The digital integration is expected to enhance customer convenience and improve the overall user experience, while creating a strategic opportunity to unlock value from existing and underutilised parking assets and support efficient mobility for residents and visitors.

The rollout is expected to commence towards the end of the second quarter of 2026 and will involve the full integration of Parkin’s advanced parking technologies with Binghatti’s existing infrastructure, enabling seamless vehicle entry, parking and exit across approximately 30 locations.

Eng. Mohamed Abdulla Al Ali, CEO of Parkin, commented:
“This agreement with Binghatti represents another important step in the expansion of Parkin’s developer parking portfolio and reflects the growing demand for professionally managed, technology enabled parking solutions across Dubai. 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. We look forward to working with Binghatti to optimise asset utilisation, enhance customer experience and contribute to the continued evolution of smart urban infrastructure in the city.”

Katralnada Binghatti, CEO of Binghatti Holding, commented:
“At Binghatti, we view every aspect of the resident and visitor journey as an opportunity to deliver greater efficiency, convenience and long-term value across our developments. 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.”