Salik forecasts Dh60m-Dh110m revenue gain from Dubai’s new variable fees
How the new Dubai parking fees will play out across major locations in the city from end March 2025.
Dubai: From January, drivers in Dubai will start scheduling their trips around peak and off-peak hours if their trips take them past the 10 Salik gates in the city.
But when it comes to Salik shareholders, they are already belted up for a ride that has seen the toll-gate operator’s stock price soar 50% just in the last 3 months. And over 80% since January.
In the first 20 minutes of DFM trading today, Salik is up 1.79% and Parkin – another major beneficiary from the Dubai variable pricing strategy – is burning the charts with a 13.5% gain.
And just over 30 minute mark from the day’s opening, Parking’s stock hit the 15% gain.
Another Dh60m-Dh110m revenue boost for Salik
Salik in a new statement said today that the new pricing model can generate an ‘additional revenue between Dh60 million to Dh110 million on annual basis’. (These are early forecasts.)
