Sobha Ivory 2 service charge
The 2026 service charge at Sobha Ivory 2 is AED 21.66 per sqft per year for mixed units, up 13.9% since 2023. That is AED 19,494 a year on a 900 sqft apartment — about AED 1,625 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 9,747 | AED 2,437 | AED 812 |
| 1 bed ~750 sqft | AED 16,245 | AED 4,061 | AED 1,354 |
| 2 bed ~1,100 sqft | AED 23,826 | AED 5,957 | AED 1,986 |
| 3 bed ~1,700 sqft | AED 36,822 | AED 9,206 | AED 3,069 |
Multiply AED 21.66 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.
| Improvement | AED 4.76 | |
| Utilities Services | AED 4.61 | |
| Maintenance | AED 3.9 | |
| Income | AED 2.65 | |
| Services | AED 2.53 | |
| Reserved Fund | AED 1.24 | |
| Insurance | AED 0.87 | |
| Management Services | AED 0.7 | |
| Master Community | AED 0.4 | |
| Total | AED 21.66 |
Service charge history
Every approved budget on record for Sobha Ivory 2. 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 22.8 |
| Mixed (shown above) | AED 21.66 |
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 2 is 9% above the median.
Questions owners ask
What is the service charge at Sobha Ivory 2?
Sobha Ivory 2 has a RERA-approved service charge of AED 21.66 per square foot per year for 2026 (Mixed units). On a 900 sqft apartment that is AED 19,494 a year, or about AED 1,625 a month.
What does that service charge pay for?
The approved budget splits into 9 categories, the largest being Improvement at AED 4.76, Utilities Services at AED 4.61, Maintenance at AED 3.9 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 2 gone up?
The approved rate was AED 22.05 per sqft in 2019 and is AED 21.66 for 2026 — up 13.9% 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