Baysquare Buildings - Bay Square Developer Parking service charge
The 2026 service charge at Baysquare Buildings - Bay Square Developer Parking is AED 12.41 per sqft per year for parking units, down 10.1% since 2025. That is AED 11,169 a year on a 900 sqft apartment — about AED 931 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 5,585 | AED 1,396 | AED 465 |
| 1 bed ~750 sqft | AED 9,308 | AED 2,327 | AED 776 |
| 2 bed ~1,100 sqft | AED 13,651 | AED 3,413 | AED 1,138 |
| 3 bed ~1,700 sqft | AED 21,097 | AED 5,274 | AED 1,758 |
Multiply AED 12.41 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.
| Maintenance | AED 7.19 | |
| Services | AED 2.97 | |
| Reserved Fund | AED 0.85 | |
| Management Services | AED 0.83 | |
| Improvement | AED 0.3 | |
| Utilities Services | AED 0.25 | |
| Insurance | AED 0.02 | |
| Total | AED 12.41 |
Service charge history
Every approved budget on record for Baysquare Buildings - Bay Square Developer Parking. 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.
How it compares in Business Bay
The median across 213 buildings in Business Bay is AED 19.95 per sqft, ranging from AED 2.75 to AED 70.63. Baysquare Buildings - Bay Square Developer Parking is 38% below the median.
Questions owners ask
What is the service charge at Baysquare Buildings - Bay Square Developer Parking?
Baysquare Buildings - Bay Square Developer Parking has a RERA-approved service charge of AED 12.41 per square foot per year for 2026 (Parking units). On a 900 sqft apartment that is AED 11,169 a year, or about AED 931 a month.
What does that service charge pay for?
The approved budget splits into 7 categories, the largest being Maintenance at AED 7.19, Services at AED 2.97, Reserved Fund at AED 0.85 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 Baysquare Buildings - Bay Square Developer Parking gone up?
The approved rate was AED 13.81 per sqft in 2025 and is AED 12.41 for 2026 — down 10.1% 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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