Dubai's Parkin wows with strong profit growth in 2024

DFM-listed company turns in Dh423.9m profit - and sets up even stronger 2025

Last updated: February 13, 2025 | 09:35

Manoj Nair, Business Editor

1 MIN READ

Parkin will be rolling out its variable paid parking rates in Dubai by end March. That in itself will provide a substantial growth heft for its 2025 numbers.

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Dubai: The Dubai owned parking services operator Parkin recorded sharp gains in profits – to Dh423.49 million – and revenues, at Dh925.17 million for 2024. These represent sizable growth on the Dh394 million and Dh779..9 million from a year ago.

These set up the DFM-listed company for an even higher anticipated growth in 2025, with its new premium tariffs for paid parking in Dubai going live by end March 2025. This will see variable rates for peak hours of 8am-10am from 4pm to 8pm.

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