Aldar Estates, Parkonic partner to launch AI smart parking in Abu Dhabi

ABU DHABI, UAE – October 20, 2025: Aldar Estates, the region’s largest integrated real estate services provider, has entered into a landmark partnership with Parkonic, the Middle East’s leading smart parking operator, to launch a new venture that will roll out AI-powered, frictionless parking systems across Aldar’s residential, retail, and mixed-use destinations in Abu Dhabi and Al Ain.

Seamless Mobility Through Smart Integration

The collaboration combines Aldar Estates’ operational excellence and community expertise with Parkonic’s technological leadership in automated parking and urban mobility. The result is a fully automated, cashless system that allows instant entry, exit, and payment with AI-driven accuracy and real-time monitoring.

According to the company, the integration of Parkonic’s advanced platform across Aldar Estates’ portfolio will significantly enhance resident and visitor convenience, reduce traffic congestion, and support Abu Dhabi’s sustainability goals and the UAE’s Future Mobility strategy. The platform is also being designed to accommodate smart and autonomous vehicles, ensuring readiness for the next era of mobility.

Driving Urban Innovation and Sustainability

Khaled Al Rajhi, CEO of Aldar Estates, stated: “At Aldar Estates, we are dedicated to consistently delivering innovative, seamless, and sustainable solutions that ensure effortless living for our residents and communities. Our collaboration with Parkonic is a testament to our ongoing efforts to elevate convenience across the communities we manage in Abu Dhabi and Al Ain, while ensuring they remain at the forefront of urban living.”

Imad Alameddine, CEO of Parkonic, added: “This joint venture is a milestone in our mission to make parking effortless and trustworthy. Together with Aldar Estates, we are enabling residents and visitors to focus on what truly matters — while our technology ensures smooth, secure, and reliable access at every step.”

Elevating Everyday Living Through Smart Technology

Aldar Estates’ strong track record in sustainable community management and Parkonic’s expertise, spanning over 170 global turnkey projects and 200,000+ parking spaces, form the foundation of this new venture. Together, the two entities aim to set a benchmark for intelligent, eco-friendly, and consumer-centric urban infrastructure that enhances everyday living across the UAE.