
Service charges in Dubai are not set by a landlord or invented by a management company. They are submitted by the owners association, reviewed and approved, and published per building. That means the figure for the tower you are considering is a matter of record rather than something you have to take on trust.
It recurs every year, forever, and it comes straight off your return. A difference of a few dirhams per square foot between two otherwise similar buildings is the difference between a good buy and a mediocre one, and it is entirely knowable before you commit.
Buyers routinely check the purchase price to the dirham and accept the service charge as whatever the agent says. That is the wrong way round: the purchase price is paid once and the service charge is paid for as long as you own.
Usually one of three things: genuine amenity that costs real money to run, an ageing building where maintenance has caught up, or a management company that has not been challenged. The first is a fair trade. The second is a negotiating point. The third is a reason to look at how active the owners association is.
We will pull the figure for a specific building before you make an offer. It takes a phone call and it has changed clients’ minds more than once. Also worth reading: service charges in Dubai explained and how owners associations work.
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TRPE Real Estate is a company registered in Dubai, United Arab Emirates. Trade License No. 999314 · RERA ORN 28357 · Office 1201, Ascott Park Place, Sheikh Zayed Road, Dubai. Regulated by the Real Estate Regulatory Agency (RERA).