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الاقتصادية - CNN
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الاقتصادية

2026-11-10T10:11:00.000Z

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الاقتصادية - CNN

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Parkin profits hit record

Parkin profits hit record

“Parkin,” Dubai’s largest provider of public parking, recorded a record quarterly performance in the third quarter of 2026. Total revenue rose 21% year on year to AED 415.2 million, while net profit increased 27% to AED 199.2 million. Growth was driven by the expansion of developer parking and higher revenue from seasonal permits and fines, which rose 69%, 40% and 32%, respectively, despite a 5% decline in public parking revenue. The parking portfolio also grew 24% to 272,500 spaces at the end of September.

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