Sobha Ivory 1 service charge
The 2026 service charge at Sobha Ivory 1 is AED 19.14 per sqft per year for mixed units, up 7.0% since 2023. That is AED 17,226 a year on a 900 sqft apartment — about AED 1,436 a month.
Source: Dubai Land Department owners association register (2026 approved budget), read 26 September 2026.
What it costs by unit size
Multiply AED 19.14 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.
| Maintenance | AED 4.07 | |
| Utilities Services | AED 3.71 | |
| Improvement | AED 3.19 | |
| Services | AED 3.02 | |
| Income | AED 1.95 | |
| Reserved Fund | AED 1.23 | |
| Insurance | AED 0.92 | |
| Master Community | AED 0.55 | |
| Management Services | AED 0.5 | |
| Total | AED 19.14 |
Service charge history
Every approved budget on record for Sobha Ivory 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 |
|---|---|
| Offices | AED 22.09 |
| Mixed (shown above) | AED 19.14 |
How it compares in Business Bay
The median across 213 buildings in Business Bay is AED 19.95 per sqft, ranging from AED 2.75 to AED 70.63. Sobha Ivory 1 is 4% below the median.
Questions owners ask
What is the service charge at Sobha Ivory 1?
Sobha Ivory 1 has a RERA-approved service charge of AED 19.14 per square foot per year for 2026 (Mixed units). On a 900 sqft apartment that is AED 17,226 a year, or about AED 1,436 a month.
What does that service charge pay for?
The approved budget splits into 9 categories, the largest being Maintenance at AED 4.07, Utilities Services at AED 3.71, Improvement at AED 3.19 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 Sobha Ivory 1 gone up?
The approved rate was AED 20.89 per sqft in 2019 and is AED 19.14 for 2026 — up 7.0% 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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