(MENAFN- Mid-East Info) The landmark partnership aims to enhance mobility, sustainability, and customer experience.

ABU DHABI, October 2025: Aldar Estates, the region's largest integrated real estate services company, and PARKONIC, the largest and most advanced parking operator in the region, have announced the formation of a joint venture to deploy seamless, AI-powered parking solutions across Aldar Estates' diverse portfolio of managed communities and retail destinations in Abu Dhabi and Al Ain.

The collaboration unites Aldar Estates' expertise in providing exceptional value and integrated solutions with PARKONIC's proven track record in urban mobility solutions. The result will be a fully automated, frictionless parking system designed to deliver seamless entry and exit as well as instant cashless transactions for paid parking, with AI-driven accuracy.

By integrating PARKONIC's advanced platform across Aldar Estates' portfolio, the initiative aims to improve convenience for residents and visitors, reduce congestion, and support both Abu Dhabi's sustainability agenda as well as the UAE's broader Future Mobility strategy. The next-generation platform has also been designed to support the infrastructure for the use of smart and autonomous vehicles.

Khaled Al Rajhi, CEO of Aldar Estates, said:“At Aldar Estates, we are dedicated to consistently delivering innovative, seamless, and sustainable solutions that ensure effortless living for our residents and communities. Our collaboration with PARKONIC is a testament to our ongoing efforts to elevate the overall convenience across the communities we manage in Abu Dhabi and Al Ain while ensuring they remain at the forefront of urban living.”

Imad Alameddine, CEO of PARKONIC, said:“This joint venture is a milestone in our mission to make parking effortless and trustworthy. Together with Aldar Estates, we are enabling residents and visitors to focus on what truly matters - while our technology ensures smooth, secure, and reliable access at every step.”

Aldar Estates' dedication to delivering sustainable and forward-thinking solutions that improve the quality of life within its communities, coupled with PARKONIC's global expertise spanning more than 170+ turnkey projects and 200,000+ parking spaces worldwide, forms the foundation of this joint venture's shared commitment to smarter, sustainable, and consumer-centric urban living in the UAE and beyond.

About Aldar Estates:

Aldar Estates has become the region's largest integrated real estate management company through a blend of strategic acquisitions and strong organic growth. Managing a diverse portfolio that spans over 155,000 residential units and 2 million sqm of commercial and retail leasable space, Aldar Estates transforms real estate in opportunities, delivering fully integrated solutions through its distinct businesses – Asteco, Colliers, Khidmah, Inspire Home, Pactive, Basatin, and Spark – empowering clients to realise their ambitions by maximising real estate potential, driving growth, and enriching environments.

About PARKONIC:

PARKONIC is a next-generation smart parking solutions brand redefining urban mobility worldwide. With 170+ projects, 200+ active locations, and 200,000+ spaces under operation, PARKONIC combines 99.9% AI accuracy, scalability, and decades of expertise to deliver seamless, user-centric parking. Future-ready by design, our platform adapts to today's vehicles and the mobility needs of tomorrow - including smart and autonomous cars - setting the global benchmark for innovation, compliance, and trusted urban infrastructure.

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