Mag 540 service charge
The 2026 service charge at Mag 540 is AED 17.66 per sqft per year for residential units, up 11.4% since 2023. That is AED 15,894 a year on a 900 sqft apartment — about AED 1,325 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 7,947 | AED 1,987 | AED 662 |
| 1 bed ~750 sqft | AED 13,245 | AED 3,311 | AED 1,104 |
| 2 bed ~1,100 sqft | AED 19,426 | AED 4,857 | AED 1,619 |
| 3 bed ~1,700 sqft | AED 30,022 | AED 7,506 | AED 2,502 |
Multiply AED 17.66 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 4.49 | |
| Reserved Fund | AED 3.75 | |
| Utilities Services | AED 3.53 | |
| Maintenance | AED 3.19 | |
| Management Services | AED 1.1 | |
| Master Community | AED 0.68 | |
| Improvement | AED 0.48 | |
| Income | AED 0.27 | |
| Insurance | AED 0.17 | |
| Total | AED 17.66 |
Service charge history
Every approved budget on record for Mag 540. 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 South
The median across 43 buildings in Dubai South is AED 17.29 per sqft, ranging from AED 4.04 to AED 24.5. Mag 540 is 2% above the median.
Questions owners ask
What is the service charge at Mag 540?
Mag 540 has a RERA-approved service charge of AED 17.66 per square foot per year for 2026 (Residential units). On a 900 sqft apartment that is AED 15,894 a year, or about AED 1,325 a month.
What does that service charge pay for?
The approved budget splits into 9 categories, the largest being Services at AED 4.49, Reserved Fund at AED 3.75, Utilities Services at AED 3.53 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 Mag 540 gone up?
The approved rate was AED 11.33 per sqft in 2019 and is AED 17.66 for 2026 — up 11.4% since 2023. 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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