Mag Eye 970 service charge
The 2026 service charge at Mag Eye 970 is AED 18.12 per sqft per year for residential units, up 20.1% since 2024. That is AED 16,308 a year on a 900 sqft apartment — about AED 1,359 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 8,154 | AED 2,039 | AED 680 |
| 1 bed ~750 sqft | AED 13,590 | AED 3,398 | AED 1,133 |
| 2 bed ~1,100 sqft | AED 19,932 | AED 4,983 | AED 1,661 |
| 3 bed ~1,700 sqft | AED 30,804 | AED 7,701 | AED 2,567 |
Multiply AED 18.12 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 5.61 | |
| Services | AED 4.31 | |
| Maintenance | AED 3.65 | |
| Shared Services | AED 2.08 | |
| Management Services | AED 1.19 | |
| Reserved Fund | AED 0.63 | |
| Improvement | AED 0.4 | |
| Income | AED 0.25 | |
| Total | AED 18.12 |
Service charge history
Every approved budget on record for Mag Eye 970. 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 Meydan
The median across 117 buildings in Meydan is AED 21.65 per sqft, ranging from AED 2.45 to AED 32.52. Mag Eye 970 is 16% below the median.
Questions owners ask
What is the service charge at Mag Eye 970?
Mag Eye 970 has a RERA-approved service charge of AED 18.12 per square foot per year for 2026 (Residential units). On a 900 sqft apartment that is AED 16,308 a year, or about AED 1,359 a month.
What does that service charge pay for?
The approved budget splits into 8 categories, the largest being Utilities Services at AED 5.61, Services at AED 4.31, Maintenance at AED 3.65 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 Eye 970 gone up?
The approved rate was AED 15.09 per sqft in 2024 and is AED 18.12 for 2026 — up 20.1% since 2024. 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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