Dubai Real Estate Service Charges
What do you pay the service charge for for a real estate property in Dubai and why are some owners unwilling to pay service charges for their property in Dubai?
Here are 7 reason for service charges
- Common area services and maintenance
- Specialised services such as fire systems, lifts, swimming pool, building maintenance unit
- Management cost (Interim OA manager and/or developer)
- Building Insurance cost
- Contingency costs for spare parts, materials, improvements etc
- Utility bills such as Dewa and Palm District Cooling (capacity and consumption)
- Master community service charge
Here are 5 common reasons why owners fail to meet their obligation
- Financial constraints on the part of owners
- Owners are living abroad
- Lack of understanding of what the service charge is for
- Lack of awareness that the charges are an annual affair
- Lack of understanding by owners that issues concerning individual units have no connection with common area and service maintenance