Palazzo Versace service charge
The 2026 service charge at Palazzo Versace is AED 35.01 per sqft per year for residential units, down 1.2% since 2023. That is AED 31,509 a year on a 900 sqft apartment — about AED 2,626 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 15,755 | AED 3,939 | AED 1,313 |
| 1 bed ~750 sqft | AED 26,258 | AED 6,564 | AED 2,188 |
| 2 bed ~1,100 sqft | AED 38,511 | AED 9,628 | AED 3,209 |
| 3 bed ~1,700 sqft | AED 59,517 | AED 14,879 | AED 4,960 |
Multiply AED 35.01 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.
| Shared Services | AED 22.35 | |
| Services | AED 4.6 | |
| Maintenance | AED 3.82 | |
| Reserved Fund | AED 1.78 | |
| Management Services | AED 1 | |
| Utilities Services | AED 0.76 | |
| Unit A/C (Charges) | AED 0.69 | |
| Income | AED 0.01 | |
| Total | AED 35.01 |
Service charge history
Every approved budget on record for Palazzo Versace. 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 |
|---|---|
| Mixed | AED 13.25 |
| Retail | AED 46.04 |
| Residential (shown above) | AED 35.01 |
How it compares in Culture Village
The median across 8 buildings in Culture Village is AED 16.51 per sqft, ranging from AED 8.92 to AED 35.01. Palazzo Versace is 112% above the median.
Questions owners ask
What is the service charge at Palazzo Versace?
Palazzo Versace has a RERA-approved service charge of AED 35.01 per square foot per year for 2026 (Residential units). On a 900 sqft apartment that is AED 31,509 a year, or about AED 2,626 a month.
What does that service charge pay for?
The approved budget splits into 8 categories, the largest being Shared Services at AED 22.35, Services at AED 4.6, Maintenance at AED 3.82 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 Palazzo Versace gone up?
The approved rate was AED 35.09 per sqft in 2019 and is AED 35.01 for 2026 — down 1.2% 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