Dubai’s parking management company, Parkin, has announced a record-breaking net profit of Dh157 million for the third quarter of 2025, marking a 50% increase compared to the same period in 2024. This financial milestone was driven by a 43% rise in total revenues, which reached Dh343.3 million, fueled by variable parking tariffs, expanded operational coverage, and a significant increase in seasonal card sales. The company issued over 682,000 parking fines during Q3 2025, a 63% surge from the previous year, attributed to heightened customer activity, an expanded parking network, and enhanced enforcement technologies. Seasonal card sales skyrocketed by 126%, reaching 81,000 units, as customers sought better value following the introduction of variable parking tariffs in April 2025. Parkin also expanded its parking portfolio, increasing the total number of spaces by 6% to 219,000, with public parking spaces rising by 7% to 192,100. The company’s CEO, Mohamed Abdulla Al Ali, highlighted strategic partnerships and innovations, including a collaboration with CAFU to offer on-demand fuel and car wash services, as key contributors to future revenue growth.