Dubai Sports City's Grand Parking Expansion

More Than 3,000 New Parking Spaces at Dubai Sports City – Long-term Development Led by Parkin

Dubai's ever-expanding urban infrastructure has reached a new milestone: Parkin, one of the leading public parking service providers in the UAE, has announced plans to construct more than 3,000 new parking spaces within Dubai Sports City. The project is set to commence in October 2025 and is projected to be completed by the end of 2026. The investment is paired with a long-term, 10-year operational agreement, offering significant revenue potential for Parkin.

Complex Development in Three Categories

The entire project will establish 3,100 new parking spaces across three types of infrastructure categories:

Paved parking spaces: 900 units

Unpaved but designated parking spaces: several hundred spaces

Unsurfaced, yet-to-be-developed areas: also significant in number

The first phase of the construction, starting in October 2025, focuses on developing the paved parking spaces. This phase is expected to last eight weeks, becoming fully operational by December 2025. The second phase, encompassing the development of unpaved and unsurfaced categories, will begin in January 2026, with the entire project slated for completion by the fourth quarter of 2026.

What Will the Parking Costs Be?

The new parking spaces will be fee-based, from Monday to Saturday, every day from 8 AM to 10 PM. The pricing will be as follows:

Hourly rate: 2 dirhams

Daily rate: 20 dirhams

Annual season ticket: 2,800 dirhams

This pricing structure applies for the first three years of the project. From the fourth year onwards, tariff reviews and possible increases are anticipated based on market conditions and inflationary factors.

The pricing model aims to ensure transparent and predictable costs for residents while securing investment returns for Parkin.

Sustainable Business Model

Parkin's long-term revenues are estimated between 40 and 50 million dirhams over a ten-year span. Economically, the project is set to be positive: it is expected to reach the break-even point within four years, thereafter generating profit.

Since Parkin will finance the investment costs from its own capital, the contract structure is designed to gradually recoup the invested amount during the early years. This supports the company's financial stability while contributing to the development of Dubai's cityscape.

Key Role in Urban Development

Dubai Sports City is not only home to sports facilities but increasingly hosts residential and commercial properties. The construction of new parking spaces is meant to satisfy current traffic demands and provide an infrastructure base for future developments.

As part of the project, Parkin is not only establishing simple parking spaces but is also building new roads and upgrading existing unsurfaced areas. Development of roads, sidewalks, and pedestrian infrastructure is an integral part of the investment.

The estimated capital expenditure (capex) is between 18 and 20 million dirhams. Upon completion, Parkin will be responsible for operation and maintenance, including regular inspection of roads, parking spaces, and sidewalks. The maintenance costs are designed to be kept low, ensuring the project remains sustainable in the long term.

What Does This Mean for Residents and Visitors?

Dubai Sports City is a blend of sports, entertainment, and residential zones – an area where infrastructure development directly impacts residents' and visitors' daily quality of life. With the new parking spaces:

Traffic congestion may decrease in the area, especially during peak periods.

The appeal of real estate in the region may increase, as easier parking is always a positive for residents and tenants.

Entry and exit for events, whether sports, cultural programs, or weekend leisure, will become simpler.

Futuristic Exemplary Project

The Parkin project demonstrates how modern urban parking solutions can be applied in a rapidly developing metropolis. The introduction of three different parking categories (paved, unpaved, raw areas) adapts flexibly to the site's varied characteristics. The scheduled construction allows city residents to enjoy the first benefits by the end of 2025, while the entire project will be realized by 2026.

Summary

Dubai Sports City's new parking development is a perfect example of how infrastructure development, financial planning, and improvement of urban quality of life can be combined. The project, executed and operated by Parkin, not only provides significant convenience for drivers but also contributes in the long term to achieving Dubai's transportation and urban development strategy. The investment pays off not only economically but also socially, as it leads to a more livable and orderly urban landscape.

(Source of the article based on Parkin's announcement.)