Palazzo Versace Shared - D 1 service charge
The 2026 service charge at Palazzo Versace Shared - D 1 is AED 8.92 per sqft per year for mixed units, down 2.7% since 2023. That is AED 8,028 a year on a 900 sqft apartment — about AED 669 a month.
Source: Dubai Land Department owners association register (2026 approved budget), read 26 September 2026.
What it costs by unit size
Multiply AED 8.92 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 4.9 | |
| Master Community | AED 1.36 | |
| Services | AED 1.04 | |
| Reserved Fund | AED 0.57 | |
| Maintenance | AED 0.52 | |
| Management Services | AED 0.3 | |
| Income | AED 0.23 | |
| Total | AED 8.92 |
Service charge history
Every approved budget on record for Palazzo Versace Shared - D 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.
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 Shared - D 1 is 46% below the median.
Questions owners ask
What is the service charge at Palazzo Versace Shared - D 1?
Palazzo Versace Shared - D 1 has a RERA-approved service charge of AED 8.92 per square foot per year for 2026 (Mixed units). On a 900 sqft apartment that is AED 8,028 a year, or about AED 669 a month.
What does that service charge pay for?
The approved budget splits into 7 categories, the largest being Utilities Services at AED 4.9, Master Community at AED 1.36, Services at AED 1.04 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 Shared - D 1 gone up?
The approved rate was AED 9.65 per sqft in 2020 and is AED 8.92 for 2026 — down 2.7% 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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