Parkin Company PJSC has entered into a multi-year agreement with Binghatti Holding Ltd to operate approximately 1,200 parking spaces across selected Binghatti developments in Dubai.
Under the terms of the agreement, Parkin will manage a portfolio of spaces across developments located in Jumeirah Village Circle, Al Jaddaf and Business Bay. The rollout is expected to commence towards the end of the second quarter of 2026 and will involve the integration of Parkin’s parking technologies with Binghatti’s infrastructure across approximately 30 locations.
“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,” Katralnada Binghatti, CEO of Binghatti Holding said in a statement.
Parkin is the largest provider of paid public parking facilities and services in Dubai. Binghatti is one of the UAE’s largest real estate developers.
Parking to be integrated into Parkin mobile app
The partnership forms part of Parkin’s strategy to expand its presence within the developer parking segment and grow its managed parking portfolio across Dubai. The company said the agreement is not expected to have a material impact on its financial performance.
Parking access at the Binghatti locations will be integrated into the Parkin mobile application. Customers will be able to book parking for both short-term and long-term use, including the purchase of seasonal cards, through a single platform.
The integration is expected to create an opportunity to unlock value from existing and underutilised parking assets and support mobility for residents and visitors.
“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,” Eng. Mohamed Abdulla Al Ali, CEO of Parkin added.
