03 Residences By Ned Al Ghurair service charge
The 2026 service charge at 03 Residences By Ned Al Ghurair is AED 18.14 per sqft per year for residential units, down 2.6% since 2025. That is AED 16,326 a year on a 900 sqft apartment — about AED 1,361 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 8,163 | AED 2,041 | AED 680 |
| 1 bed ~750 sqft | AED 13,605 | AED 3,401 | AED 1,134 |
| 2 bed ~1,100 sqft | AED 19,954 | AED 4,989 | AED 1,663 |
| 3 bed ~1,700 sqft | AED 30,838 | AED 7,710 | AED 2,570 |
Multiply AED 18.14 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 4.73 | |
| Utilities Services | AED 4.53 | |
| Maintenance | AED 3.45 | |
| Reserved Fund | AED 1.97 | |
| Master Community | AED 1.95 | |
| Management Services | AED 1.21 | |
| Insurance | AED 0.3 | |
| Total | AED 18.14 |
Service charge history
Every approved budget on record for 03 Residences By Ned Al Ghurair. 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 12.43 |
| Residential (shown above) | AED 18.14 |
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. 03 Residences By Ned Al Ghurair is 363% above the median.
Questions owners ask
What is the service charge at 03 Residences By Ned Al Ghurair?
03 Residences By Ned Al Ghurair has a RERA-approved service charge of AED 18.14 per square foot per year for 2026 (Residential units). On a 900 sqft apartment that is AED 16,326 a year, or about AED 1,361 a month.
What does that service charge pay for?
The approved budget splits into 7 categories, the largest being Services at AED 4.73, Utilities Services at AED 4.53, Maintenance at AED 3.45 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 03 Residences By Ned Al Ghurair gone up?
The approved rate was AED 18.62 per sqft in 2025 and is AED 18.14 for 2026 — down 2.6% 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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