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Tue 27 Jul 2010 06:33 AM

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Abu Dhabi tops world list for private parking fees

UAE capital's daily rate is highest for prime business area parking - Colliers Int'l.

Abu Dhabi tops world list for private parking fees
PARKING FEES: Daily private parking charges in Abu Dhabi are the highest in the world, according to a new survey by Colliers International. (Photo for illustrative purposes only)

Abu Dhabi's daily private parking rates for prime business areas is the highest in the world, according to a new global survey by Colliers International.

Of 145 central business districts (CBD) tracked by the property consultants, the UAE capital's rate of $55 per day was the most expensive.

The annual CBD Parking Rate Survey, which included covered or underground parking garages located in prime business areas, also put Dubai 13th on the list with a daily rate of $40.

Globally, the rates data, which was collected in June and included all relevant taxes, also showed that Chennai in India was the least expensive place to park at $0.96 for the day.

Oslo had the second most expensive daily rate, according to the survey, followed by Tokyo, the City of London and Sydney.

For monthly parking rates, Dubai featured in the top 50 most expensive places to park, with a rate of $240 a month.

Despite having the highest daily rate, Abu Dhabi charges for the month were seen at $200, almost a fifth of the highest monthly charge in the world.

The City of London was ranked the most expensive with a monthly charge of $932.99, with the West End of London second ($873.50)

Hong Kong ($744.72), Tokyo ($654) and Zurich ($605.64) rounded off the top five.

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Just thinking 10 years ago

Achieving world-class status - phew, that was hard work indeed!

ahmed 10 years ago

strange!!...we can understand 'other' emirates need the money badly...but why is abu dhabi desperate for petty cash?

Siraj Kuvakkattayil 10 years ago

Highest parking fees! Highest Rent! Highest Loving Cost! Lowest Salary! Ho Our Goodness! Save us!

Shahid 10 years ago

I am not sure from where Colliers International got the $55 daily parking chagre from in Abi Dhabi. From Maqaqif website and from my experience the maximum parkinf charge is AED 3 per hour for "Premium" (max 4 hours) and AED 2 per hour for other parking (AED 15 / day max). The paid parking hours in all areas of Abu Dhbai is 8AM to 9PM which will work our to a parking fee of AED 39 max (approx $10) for a premium car parking space. For a resident the parking fee is AED 800 Per year maximum. I think the above article is intended to paint a bad picture about Abu Dhabi city. aB should scrutinise all its aricle before publishing them online.

Shahid 10 years ago

Can you give an example of private parking in Abu Dhabi??

ausie 10 years ago

Where is the private parking in Abu Dhabi? I have been living here for 15 years but don't know that yet. May be some buildings charge extra rentals for providing parking but that is part of flat rental not the private parking fees. $55 a day means AED 202 a day, AED 6060 a month or AED 72720 a year. That is probably more than average family income in Abu Dhabi.

ARD 10 years ago

I live on Khalifa Street. When there was no 'pay and park' we had 8 rows for parking. Now with the 'pay and park' we have only 4 rows for parking, which is very stressful. Besides atleast 40% of the cars parked in this area are cars from other Emirates. Can the authorities please go back to the 8 rows parking system.

maher 10 years ago

i believe the introduction of paid public parking is a good idea because i see the difference , am surprised all double parking cars. where have they gone????. However i think still there are 2 points i would like to highlight. 1- An equation for office users within these residential building, inorder to obtain an anual yearly parking sticker. many low income car owners are suffering. 2- I believe the chargeing hours should start at 9am , and end at 8pm, because many residents have more than 2 cars when it come to big families, and these hours are more reasonable. i hope the proper authorities looks into this

maher 10 years ago

Mr siraj if you find abu dhabi too expensive what are you still ding here???!!!!, just leave. abu dhabi maybe have expensive private parking , but the salaries are high enough in relation to rent, plus its a safe place, and tax free , why are you complainng, if you are not making money, no point of you staying

nigel 10 years ago

@siraj just looking at your message you look verry un happy! maybe you should move!! it will make you a lot happier as the prices will never come down they will only go up. ps why are you paying for LOVE? lol