Park Island service charge
The 2026 service charge at Park Island is AED 34.57 per sqft per year for retail units, up 6.0% since 2023. That is AED 31,113 a year on a 900 sqft apartment — about AED 2,593 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 15,557 | AED 3,889 | AED 1,296 |
| 1 bed ~750 sqft | AED 25,928 | AED 6,482 | AED 2,161 |
| 2 bed ~1,100 sqft | AED 38,027 | AED 9,507 | AED 3,169 |
| 3 bed ~1,700 sqft | AED 58,769 | AED 14,692 | AED 4,897 |
Multiply AED 34.57 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 8.87 | |
| Services | AED 8.04 | |
| Maintenance | AED 6.54 | |
| Utilities Services | AED 6.24 | |
| Management Services | AED 2.08 | |
| Reserved Fund | AED 1.37 | |
| Master Community | AED 0.74 | |
| Insurance | AED 0.45 | |
| Improvement | AED 0.24 | |
| Total | AED 34.57 |
Service charge history
Every approved budget on record for Park 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 Dubai Marina
The median across 155 buildings in Dubai Marina is AED 19.7 per sqft, ranging from AED 3.64 to AED 86.98. Park Island is 75% above the median.
Questions owners ask
What is the service charge at Park Island?
Park Island has a RERA-approved service charge of AED 34.57 per square foot per year for 2026 (Retail units). On a 900 sqft apartment that is AED 31,113 a year, or about AED 2,593 a month.
What does that service charge pay for?
The approved budget splits into 9 categories, the largest being Unit A/C (Charges) at AED 8.87, Services at AED 8.04, Maintenance at AED 6.54 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 Park Island gone up?
The approved rate was AED 44.49 per sqft in 2019 and is AED 34.57 for 2026 — up 6.0% 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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