Dubai parking fees may rise as Parkin seeks RTA approval for tariff changes

Parkin, the largest provider of paid public parking facilities and services in Dubai, has submitted a request to the emirate’s regulator, the Roads and Transport Authority (RTA), seeking adjustments to parking tariffs and the seasonal card structure.

In a statement posted on the Dubai Financial Market (DFM), where the company is listed, Parkin said it made a formal submission to the RTA in mid-February 2026 requesting “various adjustments that, if approved, would increase the weighted average public parking tariff.”

The proposed changes include revisions to the seasonal card structure and tariffs, aimed at reducing price arbitrage and aligning with the variable pricing model introduced earlier this year. The company added that the proposals would preserve the existing discount framework to ensure long-term fairness for customers, Parkin and the RTA.

The RTA has confirmed receipt of the proposal and will conduct a detailed review before referring the matter to the Executive Council of Dubai for guidance and final approval.

Earlier, it was reported that the average hourly cost of paid parking in Dubai rose 51 per cent year-on-year in the third quarter of 2025. The weighted average hourly tariff increased to Dh3.03 in July–September 2025, up from Dh2.01 in the same period a year earlier, following the introduction of variable parking tariffs in April 2025.

Looking ahead, Parkin expects to expand its public parking portfolio by approximately 5,500 to 7,500 spaces in 2026. The company projects revenue from the public parking segment to range between Dh560 million and Dh610 million this year, compared with Dh524.5 million in 2025.

For the full year 2025, Parkin reported a net profit of Dh625.5 million, marking a 48 per cent increase.