02 Residence By Ned Al Ghurai service charge
The 2026 service charge at 02 Residence By Ned Al Ghurai is AED 15.09 per sqft per year for residential units, down 14.6% since 2025. That is AED 13,581 a year on a 900 sqft apartment — about AED 1,132 a month.
Source: Dubai Land Department owners association register (2026 approved budget), read 26 September 2026.
What it costs by unit size
| Unit | Per year | Per quarter | Per month |
|---|---|---|---|
| Studio ~450 sqft | AED 6,791 | AED 1,698 | AED 566 |
| 1 bed ~750 sqft | AED 11,318 | AED 2,829 | AED 943 |
| 2 bed ~1,100 sqft | AED 16,599 | AED 4,150 | AED 1,383 |
| 3 bed ~1,700 sqft | AED 25,653 | AED 6,413 | AED 2,138 |
Multiply AED 15.09 by your own built-up area for the exact figure, or use the service charge calculator to see what it does to your yield.
Where the money goes
The 2026 approved budget, per sqft.
| Services | AED 4.05 | |
| Utilities Services | AED 3.28 | |
| Maintenance | AED 2.59 | |
| Reserved Fund | AED 2.02 | |
| Master Community | AED 1.62 | |
| Management Services | AED 1.21 | |
| Insurance | AED 0.18 | |
| Improvement | AED 0.14 | |
| Total | AED 15.09 |
Service charge history
Every approved budget on record for 02 Residence By Ned Al Ghurai. This is the part no other Dubai property site publishes — a rate that has jumped repeatedly is worth asking the owners' association about before you buy.
Other usage types in this building
RERA approves a separate rate per usage. Retail, offices and parking are budgeted apart from homes.
| Usage | Rate per sqft |
|---|---|
| Parking | AED 10.11 |
| Residential (shown above) | AED 15.09 |
How it compares in Jumeirah Village Triangle
The median across 44 buildings in Jumeirah Village Triangle is AED 3.92 per sqft, ranging from AED 0.77 to AED 26.45. 02 Residence By Ned Al Ghurai is 285% above the median.
Questions owners ask
What is the service charge at 02 Residence By Ned Al Ghurai?
02 Residence By Ned Al Ghurai has a RERA-approved service charge of AED 15.09 per square foot per year for 2026 (Residential units). On a 900 sqft apartment that is AED 13,581 a year, or about AED 1,132 a month.
What does that service charge pay for?
The approved budget splits into 8 categories, the largest being Services at AED 4.05, Utilities Services at AED 3.28, Maintenance at AED 2.59 per sqft. Service charges cover common-area maintenance, cleaning, security, insurance, shared utilities, management fees and a reserve fund for major works.
Is this the figure I will actually be billed?
It is the rate RERA approved for the building budget, which is what your owners' association bills against, multiplied by your unit's built-up area. Invoicing is usually quarterly through Mollak. Your own invoice can differ if your unit has a different usage type — parking and retail are budgeted separately — so check your Mollak statement for the exact amount.
Has the service charge at 02 Residence By Ned Al Ghurai gone up?
The approved rate was AED 17.68 per sqft in 2025 and is AED 15.09 for 2026 — down 14.6% since 2025. Owners' associations must submit a budget to RERA each year, so increases follow an approved cost rather than a landlord decision.
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