logo
Al Khail Gate goes paid 24/7 – here's what you need to know

Al Khail Gate goes paid 24/7 – here's what you need to know

What's On08-07-2025
New Dh30 daily parking zone launches in busy Al Quoz community
Motorists in Al Khail Gate, Al Quoz, will soon need to pay for parking around the clock, including Sundays, as Parkin — Dubai's main paid-parking operator — launches a new 24/7 zone in the residential community. Known as Zone 365N, the initiative introduces a flat Dh30 daily rate, with hourly charges continuing as usual. How much does it cost?
The pricing breakdown remains consistent — and easy to follow — with: Dh4 for 1 hour
Dh8 for 2 hours
Dh10 for 3 hours
Dh12 for 4 hours
Dh14 for 5 hours
Dh16 for 6 hours
Dh18 for 7 hours
Dh20 for 8 hours
Dh22 for 9 hours
Dh30 for a full 24 hours
Under the new system, drivers who stay for 24 hours will be charged Dh30 regardless of when they park — even on Sundays. When does it start?
Parkin announced the launch of Zone 365N in its July 7 statement. The community of Al Khail Gate joins a growing list of locations transitioning to continuous paid parking as part of Dubai's broader variable and premium-rate parking policy. Parkin has already introduced similar paid zones in areas like Mirdif and central districts of Dubai in recent months. Why now?
This move reflects Dubai's push for smarter parking solutions. By introducing 24/7 paid zones, Parkin aims to reduce free-for-all parking by non-residents, improve turnover, and ease congestion — all while boosting their capacity; Q1 revenue hit an impressive Dh273 million, a 27% increase . What you need to do Timed visits (under 9 hours): Stick to the hourly rates.
Full-day stays: Pay Dh30 and park worry-free, day and night.
All-day access: No more free Sundays — the 24-hour charge applies every day.
> Sign up for FREE to get exclusive updates that you are interested in
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Shariah-compliant stocks turn UAE markets into year's hottest trade
Shariah-compliant stocks turn UAE markets into year's hottest trade

Khaleej Times

time5 days ago

  • Khaleej Times

Shariah-compliant stocks turn UAE markets into year's hottest trade

The UAE's local equity markets have delivered standout returns over the past year, cementing the country's position as one of the world's best-performing investment destinations. Dubai's equity benchmark, the DFM General Index, surged more than 27 per cent in 2024 and is up a further 18 per cent year-to-date in 2025. This broad-based rally spans financials, real estate, and newly listed infrastructure companies, with Shariah-compliant stocks featuring prominently among the top performers. According to Josh Gilbert, market analyst at eToro, this momentum reflects growing investor demand for high-growth opportunities in ethically screened assets. 'Shariah-compliant stocks in the UAE have become a strong draw for both regional and international investors looking to combine financial returns with responsible investing principles,' he said. Standout names include Salik, Dubai's exclusive toll-gate operator, whose shares have soared approximately 80 per cent, including dividends, over the last 12 months. Parkin, the city's public parking operator, has seen its stock price surge over 200 per cent including dividends since its IPO last year, as investors respond positively to its stable, defensive revenue model. The financial services sector has also played a key role in driving market performance. Abu Dhabi Islamic Bank (ADIB), the UAE's second-largest Islamic bank, has posted gains of over 98 per cent including dividends in the last 12 months. Strong digital transformation, rising profit margins, and growing demand for Shariah-compliant financial services have underpinned this growth. Similarly, Amlak Finance, a key Islamic home financing provider, has seen its stock more than double in value over the past year, boosted by Dubai's thriving property market. In the real estate sector, Union Properties has emerged as one of the top performers of 2025, with shares rising over 100 per cent year-to-date. Its successful restructuring and the broader real estate upcycle have positioned it just behind Amlak Finance as one of the best-performing stocks on the DFM Index this year. These exceptional performances reflect renewed investor confidence in UAE equities. Strong macroeconomic fundamentals — including a projected real GDP growth of 4.4 per cent in 2025 and 5.4 per cent in 2026 — are helping to sustain momentum. High-profile IPOs like Parkin have further energized market participation, creating fresh investment opportunities and affirming global interest in the UAE's capital markets. Today, both the Dubai Financial Market (DFM) and Abu Dhabi Securities Exchange (ADX) host a robust lineup of Shariah-screened stocks, with a large portion of all listed companies adhering to Islamic investment principles. The UAE's status as a global Islamic finance hub continues to attract capital from both Shariah-compliant and conventional investors looking to tap into the region's dynamic growth story. A compelling combination of market-beating returns, solid fundamentals, and ethical investment appeal is making UAE equities — particularly Shariah-compliant stocks — an increasingly attractive destination for regional and international capital. As the country continues to diversify its economy and bring more companies to market, investor interest in these instruments is likely to deepen further, analysts say.

Dubai: New parking plans launched for students, educators
Dubai: New parking plans launched for students, educators

Gulf Business

time16-07-2025

  • Gulf Business

Dubai: New parking plans launched for students, educators

Image credit: Dubai Media Office (Picture used for illustrative purposes) Dubai's largest provider of paid public parking, Read- Students can now subscribe for just Dhs100 per month, granting access to roadside and plot parking in Zones A, B, C, and D within a 500-meter radius of their educational institutions. Staff members of private educational institutions are also eligible for the same Dhs100 monthly rate, providing cost-effective parking near their workplaces. In addition, Parkin has introduced a subscription plan for multi-storey parking, starting at Dhs735 per month. This option offers convenient access to parking near homes, offices, and key city destinations, easing daily commutes and supporting urban mobility. The launch of these plans was shared in a post on Parkin's official X (formerly Twitter) account. Parkin introduces new subscriptions designed for students, educators, and multi-storey parking access, with flexible options to suit your daily needs. Discover them now on our app or at — ParkinUAE (@ParkinUAE) In a related development, Dubai Municipality signed a Memorandum of Understanding (MoU) with Parkin on July 9, 2025, aimed at boosting the operational efficiency and service quality of the emirate's public parking infrastructure. The agreement outlines collaboration in key areas, including the development of planning and regulatory standards, streamlining of permit procedures, and data sharing to enhance service optimization. As part of the MoU, Parkin will also manage selected free public parking facilities currently owned by Dubai Municipality, further expanding its smart parking network, These initiatives are part of a broader strategy to enhance urban infrastructure and improve the daily commute experience for residents across Dubai.

Dubai's Parkin announces monthly parking subscription for students, teachers
Dubai's Parkin announces monthly parking subscription for students, teachers

Khaleej Times

time16-07-2025

  • Khaleej Times

Dubai's Parkin announces monthly parking subscription for students, teachers

Here's good news for students and school staff to save on their parking expenses: Parkin Company PJSC announced on Wednesday new parking subscriptions designed for students, educators, and users of multi-storey parking. Students with cars can now subscribe to a seasonal parking permit starting at Dh100 per month. Parkin, Dubai's largest provider of paid public parking facilities, said students can 'maximise savings with the student parking subscription, granting (them) access to both roadside and plots parking with zone codes A, B, C, and D, within a 500-metre radius of their campus. Staff of private educational establishments can also subscribe to a seasonal parking card from Dh100 monthly to enjoy 'convenient and budget-friendly parking near their campus.' Subscription to multi-storey parking is also now offered starting at Dh735 monthly. This will give motorists 'convenient multi-storey parking near (their) home, workplace, or favourite destinations in Dubai,' Parkin posted on social media platform X. Parkin introduces new subscriptions designed for students, educators, and multi-storey parking access, with flexible options to suit your daily needs. Discover them now on our app or at — ParkinUAE (@ParkinUAE) July 16, 2025 Several motorists have raised the issue of incurring additional expenses after Dubai introduced variable parking fees across the emirate in April this year. Peak hours tariffs The implementation of variable parking fees has translated to higher parking fees during peak hours in locations designated as premium areas. For example, parking at a residential area in Al Barsha that carries code 373CP (designated as a premium area) is now Dh6 for one hour during peak hours (8am to 10am; and from 4pm to 8pm), from the previous rate of Dh2. Parking charge goes up to Dh12 for 2 hours (from Dh 5); Dh18 for 3 hours (previously Dh 8 for 3 hours); Dh24 for 4 hours (Dh 11 for 4 hours before April 4) Peak pricing applies 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. Premium parking is categorised as parking facilities in high-demand, densely populated areas, including adjacent to or near public transport infrastructure. The zones are marked with dedicated signage and tariff details on display. Dh273.3 million revenues Parkin posted a record Dh273.3 million total revenue in the first quarter this year, marking a 27 per cent increase compared to the first three months of 2024. The income was posted before the implementation of variable parking tariff. Parkin has yet to release its second quarter revenues but earlier expected a 'growth in revenues driven by the implementation of the variable pricing tariff policy and expansion of (our) public parking portfolio." Early this month, Parkin announced signing an agreement with Dubai Municipality giving them the opportunity to operate parking facilities at some public parks in Dubai.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store