In Dubai, service charges are expected to rise by up to 10% this year. This increase is mainly due to higher operational costs, including maintenance, district cooling, and utilities. As the cost of keeping buildings in good condition goes up, property owners will have to pay more.
Older buildings, in particular, need frequent repairs and upgrades, which adds to the overall expenses. Meanwhile, luxury properties in areas like Bulgari Resort and Dubai Marina already have high service charges, and the expected increase could make them even more expensive to maintain.
For those looking to buy property, these rising costs may become an important factor in their decision-making. Higher service charges could make some properties less attractive to buyers, as they would have to budget for additional expenses beyond just the purchase price.
Overall, the increase in service charges reflects the growing cost of maintaining properties in Dubai, and both property owners and potential buyers will need to plan accordingly.
