Dubai: Parkin Offers Dh100 Monthly Parking Subscription For Students, Teachers

(MENAFN- Khaleej Times)

Here's good news for students and school staff to save on their parking expenses: Parkin Company PJSC announced on Wednesday new parking subscriptions designed for students, educators, and users of multi-storey parking.

Students with cars can now subscribe to a seasonal parking permit starting at Dh100 per month. Parkin, Dubai's largest provider of paid public parking facilities, said students can“maximise savings with the student parking subscription, granting (them) access to both roadside and plots parking with zone codes A, B, C, and D, within a 500-metre radius of their campus.

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Staff of private educational establishments can also subscribe to a seasonal parking card from Dh100 monthly to enjoy“convenient and budget-friendly parking near their campus.”

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Subscription to multi-storey parking is also now offered starting at Dh735 monthly. This will give motorists“convenient multi-storey parking near (their) home, workplace, or favourite destinations in Dubai,” Parkin posted on social media platform X.

Several motorists have raised the issue of incurring additional expenses after Dubai introduced variable parking fees across the emirate in April this year.

Peak hours tariffs

The implementation of variable parking fees has translated to higher parking fees during peak hours in locations designated as premium areas. For example, parking at a residential area in Al Barsha that carries code 373CP (designated as a premium area) is now Dh6 for one hour during peak hours (8am to 10am; and from 4pm to 8pm), from the previous rate of Dh2.

Parking charge goes up to Dh12 for 2 hours (from Dh 5); Dh18 for 3 hours (previously Dh 8 for 3 hours); Dh24 for 4 hours (Dh 11 for 4 hours before April 4)

Peak pricing applies for 6 out of the 14 chargeable hours per day - from 8am to 10am (2 hours) and 4pm to 8pm (4 hours), excluding Sundays and public holidays.

Premium parking is categorised as parking facilities in high-demand, densely populated areas, including adjacent to or near public transport infrastructure. The zones are marked with dedicated signage and tariff details on display.

Dh273.3 million revenues

Parkin posted a record Dh273.3 million total revenue in the first quarter this year, marking a 27 per cent increase compared to the first three months of 2024. The income was posted before the implementation of variable parking tariff.

Parkin has yet to release its second quarter revenues but earlier expected a“growth in revenues driven by the implementation of the variable pricing tariff policy and expansion of (our) public parking portfolio."

Early this month, Parkin announced signing an agreement with Dubai Municipality giving them the opportunity to operate parking facilities at some public parks in Dubai.

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