Olympic Park 1 service charge
The 2026 service charge at Olympic Park 1 is AED 15.35 per sqft per year for residential units, up 15.8% since 2023. That is AED 13,815 a year on a 900 sqft apartment — about AED 1,151 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 6,908 | AED 1,727 | AED 576 |
| 1 bed ~750 sqft | AED 11,513 | AED 2,878 | AED 959 |
| 2 bed ~1,100 sqft | AED 16,885 | AED 4,221 | AED 1,407 |
| 3 bed ~1,700 sqft | AED 26,095 | AED 6,524 | AED 2,175 |
Multiply AED 15.35 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.
| Unit A/C (Charges) | AED 4.18 | |
| Utilities Services | AED 3.08 | |
| Maintenance | AED 1.91 | |
| Master Community | AED 1.86 | |
| Services | AED 1.52 | |
| Management Services | AED 0.77 | |
| Insurance | AED 0.64 | |
| Reserved Fund | AED 0.6 | |
| Improvement | AED 0.49 | |
| Income | AED 0.3 | |
| Total | AED 15.35 |
Service charge history
Every approved budget on record for Olympic Park 1. 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 15.35 |
| Stores | AED 7.62 |
| Parking | AED 12.67 |
How it compares in Dubai Sports City
The median across 71 buildings in Dubai Sports City is AED 15.41 per sqft, ranging from AED 4.58 to AED 28.69. Olympic Park 1 is 0% below the median.
Questions owners ask
What is the service charge at Olympic Park 1?
Olympic Park 1 has a RERA-approved service charge of AED 15.35 per square foot per year for 2026 (Residential units). On a 900 sqft apartment that is AED 13,815 a year, or about AED 1,151 a month.
What does that service charge pay for?
The approved budget splits into 10 categories, the largest being Unit A/C (Charges) at AED 4.18, Utilities Services at AED 3.08, Maintenance at AED 1.91 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 Olympic Park 1 gone up?
The approved rate was AED 13.43 per sqft in 2019 and is AED 15.35 for 2026 — up 15.8% 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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