New variable parking fees in Dubai will take effect on April 4, Parkin PJSC – the largest operator of paid public parking facilities and services in the emirate – confirmed in a company disclosure posted on Dubai Financial Market on Friday.
“We would like to disclose to the market that Parkin Company PJSC has received a letter from Dubai’s Roads and Transport Authority (RTA) regarding the decision to introduce variable tariff pricing,” said in the letter signed by Parkin CEO Mohamed Abdulla Al Ali.
He confirmed peak pricing will apply 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. Parking fees during off-peak hours from 10am to 4pm; and 8pm to 10pm will remain unchanged, with pricing in line with the existing tariff structure.
The variable tariff is expected to be implemented after the Eid Al Fitr holidays, specially from April 4.
Currently, Parkin is implementing Ramadan timings with two periods of chargeable hours from Monday to Saturday. The first period is from 8am to 6pm; and second period is from 8pm to 12 midnight. Pricing is in line with the existing tariff structure. Parking is free between 6pm and 8pm Monday to Saturday and whole day Sundays during Ramadan only. Multi-level parking buildings operate 24/7.
Khaleej Times was the first to report that Parkin has started putting up new parking signages in various commercial and residential areas across the city, in line with the implementation of new variable parking fees in April.
Parkin also sent notifications last week to its customers who are using the app that read: “Please be advised that the zone codes have been updated, but the tariff pricing remains unchanged. For example, zone code ‘A’ is now ‘AP’ and the parking fees remains the same.”
Paid public parking in Dubai is mainly divided into four different zones: A, B, C, D – which will become AP, BP, CP, and DP. The zones are further classified into standard and premium parking areas, which have different tariffs.
