Parkin to pay out increased dividend

Parkin, the Dubai government’s parking management company, has proposed a 22 percent increase in dividend payout for the second half of 2025 after profit and revenue rose sharply.

The board will distribute a cash dividend of AED344 million ($93.7 million), payable in late April, subject to shareholder approval, the company said in a statement to the Dubai Financial Market. 

An interim dividend of AED312 million was declared at the end of October 2025.

Total revenue increased 43 percent year on year to AED1.3 billion in 2025, while the fourth-quarter top line grew 47 percent to AED265 million, primarily supported by public parking, seasonal card and permit fees, and enforcement contributions.

Net earnings rose 48 percent year on year to AED424 million last year, while net profit in the fourth quarter increased 53 percent to AED120 million. 

Almost 23,000 new spaces were added between January and December. Parkin expects to increase public parking by 5,500 to 7,500 spaces in 2026.

Annual public parking seasonal card sales rose 140 percent in 2025, underpinned by customers taking advantage of the temporary price gap between the variable daily tariffs effective from April 2025 and the card rates. An estimated income of AED260-AED280 million is forecast for this year.

Further reading:

• Parkin revises revenue guidance on top line gains
• Parkin signs deal to manage 3,600 Damac parking spaces
• Parkin to deploy 200 ‘ultra-fast’ EV chargers in Dubai

Enforcement revenue increased by 64 percent to AED409 million in 2025. The company expects between AED420 and AED460 million in 2026.

In March 2024 Parkin raised AED1.6 billion after pricing its initial public offering at the upper end of its range at AED2.1 per share.

The company’s share value closed 1.5 percent higher at AED6.2 on Wednesday, up 9 percent so far this year.

Dubai Investment Fund owns a 75 percent stake in Parkin.