Its importance extends beyond the upkeep and maintenance of the property’s amenities; the funds collected ultimately allow management to fully optimize the building’s common areas and provide a pleasant living experience for all residents, while also contributing to the developer’s vision and legacy. To see specific area service charges in Dubai, check out the Mk Realities Service Charge Index

Simply go to DXB Interact to discover all of Dubai’s latest real estate transaction values, in real time. Sort by property type or location to get a better understanding of the value of any property, before making the decision to buy or sell.  DXB Interact is powered by the Dubai Land Department, to ensure 100% transparency, and help you avoid overpaying or under-valuing your property.

With more and more properties flooding the market, property prices have fallen considerably in the past few years and continue to show a decreasing trend. There is now more choice in the market for tenants in terms of location, quality and value. Areas like Business Bay, Downtown Dubai, Dubai South, Discovery Gardens, Dubai Marina, Al Barsha South and Al Warsan amongst others remain a favorite amongst renters. The prices depend and vary based on these locations, apartment sizes and whether they are unfurnished or furnished. The variation in rental prices range from a studio apartment being available at AED 20,000 – 35,000 per year in Dubailand and International City to AED 70,000 – 85,000 per year in Business Bay and Downtown Dubai. To rent a lavish 3-4 bedroom luxury apartment can cost you anything between AED 300,000 – 400,000 a year in Dubai Marina and Downtown Dubai to a whopping AED 700,000 – 750,000 in similar high-end areas. Dubai is a fast-evolving modern economy which makes it an ideal destination for trade, investment and living. Naturally, this means your decision to invest in property needs to be well-calculated but it will be profited by a myriad of beneficial opportunities. It all adds up well with its sound legal and administrative system that protects your rights and eliminates any misconduct making it a secure investment hub.