Old Town Island service charge
The 2025 service charge at Old Town Island is AED 41.43 per sqft per year for residential units, up 93.5% since 2019. That is AED 37,287 a year on a 900 sqft apartment — about AED 3,107 a month.
Source: Dubai Land Department owners association register (2025 approved budget), read 26 September 2026.
What it costs by unit size
| Unit | Per year | Per quarter | Per month |
|---|---|---|---|
| Studio ~450 sqft | AED 18,644 | AED 4,661 | AED 1,554 |
| 1 bed ~750 sqft | AED 31,073 | AED 7,768 | AED 2,589 |
| 2 bed ~1,100 sqft | AED 45,573 | AED 11,393 | AED 3,798 |
| 3 bed ~1,700 sqft | AED 70,431 | AED 17,608 | AED 5,869 |
Multiply AED 41.43 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 2025 approved budget, per sqft.
| Shared Services | AED 13.35 | |
| Unit A/C (Charges) | AED 8.27 | |
| Reserved Fund | AED 6.96 | |
| Utilities Services | AED 4.02 | |
| Services | AED 3.44 | |
| Maintenance | AED 3.19 | |
| Management Services | AED 1.06 | |
| Master Community | AED 0.97 | |
| Insurance | AED 0.17 | |
| Total | AED 41.43 |
Service charge history
Every approved budget on record for Old Town Island. 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 DownTown Dubai
The median across 45 buildings in DownTown Dubai is AED 23.36 per sqft, ranging from AED 5.79 to AED 84.81. Old Town Island is 77% above the median.
Questions owners ask
What is the service charge at Old Town Island?
Old Town Island has a RERA-approved service charge of AED 41.43 per square foot per year for 2025 (Residential units). On a 900 sqft apartment that is AED 37,287 a year, or about AED 3,107 a month.
What does that service charge pay for?
The approved budget splits into 9 categories, the largest being Shared Services at AED 13.35, Unit A/C (Charges) at AED 8.27, Reserved Fund at AED 6.96 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 Old Town Island gone up?
The approved rate was AED 21.41 per sqft in 2019 and is AED 41.43 for 2025 — up 93.5% since 2019. 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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