Aldar and PARKONIC Launch AI-Powered Smart Parking Venture
Aldar Estates and PARKONIC have announced a joint venture to introduce AI-powered parking systems across communities and retail spaces in Abu Dhabi and Al Ain. This collaboration combines Aldar Estates’ strong presence in real estate management with PARKONIC’s expertise in urban mobility. Together, they aim to deploy a seamless, fully automated parking system that allows effortless entry and exit, along with instant cashless payments. Furthermore, the AI-driven platform will enhance accuracy, streamline traffic flow, and promote a smoother parking experience for residents and visitors alike.
By integrating PARKONIC’s technology across multiple properties, the initiative supports Abu Dhabi’s sustainability vision and aligns with the UAE’s Future Mobility strategy. Additionally, the system has been designed to accommodate emerging smart and autonomous vehicle infrastructure, ensuring long-term scalability and innovation.
Enhancing Convenience and Sustainability
The partnership demonstrates a shared commitment to developing smarter, more connected communities that prioritize efficiency and sustainability. Through digital integration and environmentally conscious design, the joint venture aims to enhance convenience while reducing congestion and emissions. Moreover, it contributes to sustainable urban development by promoting advanced, data-driven mobility solutions that align with national and regional innovation goals.
Advancing Smart City Goals
Combining Aldar Estates’ dedication to innovation with PARKONIC’s global expertise, the partnership builds on a foundation of more than 170 turnkey projects and 200,000 parking spaces worldwide. The initiative is expected to redefine parking convenience and support the UAE’s transition toward smarter, technology-driven cities. As a result, residents and visitors alike will benefit from enhanced mobility, greater efficiency, and a more sustainable urban experience.
