Parkin Company PJSC has renewed its parking management agreement with the Dubai Multi Commodities Centre (DMCC) for a further 10 years, extending the company’s exclusive operation of paid parking across Jumeirah Lakes Towers.
Under the renewed framework, Parkin will manage approximately 2,800 paid spaces in JLT, including 250 designated motorcycle parking bays.
The company will handle day-to-day operations and payments through its digital and physical channels. Solar power infrastructure is also planned as part of the deal.
“We are pleased to continue our long-standing partnership with DMCC, which reflects its continued trust and confidence in Parkin’s operational expertise, service excellence and proven track record in parking management. As one of Dubai’s most dynamic mixed-use communities, JLT remains an important part of our portfolio, and we look forward to building on our established operations to further enhance the parking experience for residents, businesses and visitors. This renewed agreement reinforces our position as a trusted parking operator and our commitment to delivering smarter, more efficient and sustainable parking solutions across Dubai,” Eng. Mohamed Abdulla Al Ali, Chief Executive Officer of Parkin Company PJSC said in a statement.
“Our extended partnership with Parkin represents another important step in enhancing the everyday experience of our JLT community. Through investment in technology-led parking solutions, we aim to make parking more seamless, convenient and efficient for residents, businesses and visitors alike. The agreement also creates opportunities to introduce innovative solutions that bring greater value to the community, reinforcing our commitment to enhancing mobility, advancing sustainability and continually improving the experience of Jumeirah Lakes Towers,” Paul Ashton, Chief Property Officer of DMCC added.
The deal adds to Parkin’s developer parking portfolio as the company continues to expand its presence across major Dubai communities and mixed-use destinations.
