Island Park 2 service charge
The 2026 service charge at Island Park 2 is AED 24.18 per sqft per year for residential units, down 17.9% since 2025. That is AED 21,762 a year on a 900 sqft apartment — about AED 1,814 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 10,881 | AED 2,720 | AED 907 |
| 1 bed ~750 sqft | AED 18,135 | AED 4,534 | AED 1,511 |
| 2 bed ~1,100 sqft | AED 26,598 | AED 6,650 | AED 2,217 |
| 3 bed ~1,700 sqft | AED 41,106 | AED 10,277 | AED 3,426 |
Multiply AED 24.18 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.
| Utilities Services | AED 8.73 | |
| Maintenance | AED 5.34 | |
| Services | AED 4.63 | |
| Master Community | AED 2.27 | |
| Reserved Fund | AED 1.34 | |
| Management Services | AED 1.1 | |
| Improvement | AED 0.52 | |
| Insurance | AED 0.25 | |
| Total | AED 24.18 |
Service charge history
Every approved budget on record for Island Park 2. 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 |
|---|---|
| Residential (shown above) | AED 24.18 |
| Retail | AED 18.55 |
How it compares in Dubai Creek Harbour
The median across 20 buildings in Dubai Creek Harbour is AED 21.44 per sqft, ranging from AED 16.29 to AED 35.48. Island Park 2 is 13% above the median.
Questions owners ask
What is the service charge at Island Park 2?
Island Park 2 has a RERA-approved service charge of AED 24.18 per square foot per year for 2026 (Residential units). On a 900 sqft apartment that is AED 21,762 a year, or about AED 1,814 a month.
What does that service charge pay for?
The approved budget splits into 8 categories, the largest being Utilities Services at AED 8.73, Maintenance at AED 5.34, Services at AED 4.63 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 Island Park 2 gone up?
The approved rate was AED 29.46 per sqft in 2025 and is AED 24.18 for 2026 — down 17.9% 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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