Lake Apartments service charge
The 2026 service charge at Lake Apartments is AED 26.98 per sqft per year for residential units, up 15.5% since 2023. That is AED 24,282 a year on a 900 sqft apartment — about AED 2,024 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 12,141 | AED 3,035 | AED 1,012 |
| 1 bed ~750 sqft | AED 20,235 | AED 5,059 | AED 1,686 |
| 2 bed ~1,100 sqft | AED 29,678 | AED 7,420 | AED 2,473 |
| 3 bed ~1,700 sqft | AED 45,866 | AED 11,467 | AED 3,822 |
Multiply AED 26.98 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 8.61 | |
| Services | AED 5.71 | |
| Maintenance | AED 3.93 | |
| Shared Services | AED 3.37 | |
| Improvement | AED 2 | |
| Reserved Fund | AED 1.84 | |
| Management Services | AED 1.11 | |
| Income | AED 0.24 | |
| Insurance | AED 0.17 | |
| Total | AED 26.98 |
Service charge history
Every approved budget on record for Lake Apartments. 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 Dubai Investment Park
The median across 34 buildings in Dubai Investment Park is AED 14.66 per sqft, ranging from AED 5.26 to AED 26.98. Lake Apartments is 84% above the median.
Questions owners ask
What is the service charge at Lake Apartments?
Lake Apartments has a RERA-approved service charge of AED 26.98 per square foot per year for 2026 (Residential units). On a 900 sqft apartment that is AED 24,282 a year, or about AED 2,024 a month.
What does that service charge pay for?
The approved budget splits into 9 categories, the largest being Utilities Services at AED 8.61, Services at AED 5.71, Maintenance at AED 3.93 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 Lake Apartments gone up?
The approved rate was AED 26.2 per sqft in 2019 and is AED 26.98 for 2026 — up 15.5% since 2023. Owners' associations must submit a budget to RERA each year, so increases follow an approved cost rather than a landlord decision.
All Dubai service charges · Service charge calculator · Property fees calculator · What buyers actually paid