Vera Tower service charge
The 2026 service charge at Vera Tower is AED 25.92 per sqft per year for residential units, down 1.0% since 2023. That is AED 23,328 a year on a 900 sqft apartment — about AED 1,944 a month.
Source: Dubai Land Department owners association register (2026 approved budget), read 26 September 2026.
What it costs by unit size
Multiply AED 25.92 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.
| Services | AED 7.6 | |
| Maintenance | AED 7.28 | |
| Utilities Services | AED 5.94 | |
| Reserved Fund | AED 1.9 | |
| Management Services | AED 1 | |
| Improvement | AED 0.68 | |
| Insurance | AED 0.65 | |
| Master Community | AED 0.59 | |
| Income | AED 0.28 | |
| Total | AED 25.92 |
Service charge history
Every approved budget on record for Vera Tower. 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 |
|---|---|
| Retail | AED 22.34 |
| Parking | AED 4.72 |
| Residential (shown above) | AED 25.92 |
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. Vera Tower is 30% above the median.
Questions owners ask
What is the service charge at Vera Tower?
Vera Tower has a RERA-approved service charge of AED 25.92 per square foot per year for 2026 (Residential units). On a 900 sqft apartment that is AED 23,328 a year, or about AED 1,944 a month.
What does that service charge pay for?
The approved budget splits into 9 categories, the largest being Services at AED 7.6, Maintenance at AED 7.28, Utilities Services at AED 5.94 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 Vera Tower gone up?
The approved rate was AED 23.07 per sqft in 2022 and is AED 25.92 for 2026 — down 1.0% 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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