Innovating Parking Solutions: 'Al Dar Real Estate' and 'Parconique' Launch Groundbreaking Car Park Project

Aldar Properties and Parkonic have joined forces to create AI-powered parking solutions across shopping centers and commercial destinations in Abu Dhabi and Al Ain. The partnership brings automated parking systems with seamless entry, instant cashless payments, and high accuracy through artificial intelligence technology.

The collaboration combines Aldar's expertise in integrated real estate solutions with Parkonic's track record in urban mobility. Together, they're building automated parking infrastructure designed to handle smooth entry and exit flows while processing instant non-cash transactions for paid parking areas.

This partnership aims to boost comfort for residents and visitors while reducing traffic congestion. The system also supports Abu Dhabi's sustainability agenda and the UAE's future mobility strategy by integrating advanced solutions from Parkonic's platform into Aldar-managed properties.

The platform serves as infrastructure that prepares these complexes for future developments. This includes supporting the spread of smart and autonomous vehicles as they become more common.

"We're committed to delivering innovative, seamless, and sustainable solutions that ensure easy and comfortable lifestyles for residents of our communities," said Khalid Al Rajhi, CEO of Aldar Properties. "Our partnership with Parkonic represents a new step in our journey to enhance quality of life in our Abu Dhabi and Al Ain complexes."

The CEO emphasized that this continues Aldar's leadership in providing advanced living experiences that meet future expectations for sophisticated urban lifestyles.

Emad Alameddine, CEO of Parkonic, called the joint venture a significant shift in making parking experiences smoother and more reliable. "Our technologies ensure users have seamless, safe, and reliable access at every step," he said, reflecting the company's commitment to enhancing quality of life in the communities where they operate.

For investors and the broader market, this partnership signals how traditional real estate companies are adapting to tech-driven solutions. As cities across the Gulf region face growing urban mobility challenges, such AI-powered infrastructure could become standard in new developments. The focus on preparing for autonomous vehicles also shows forward-thinking planning as the automotive industry shifts toward self-driving technology.