Know Service Charges and Maintenance Fees Before You Buy an Apartment in Dubai
When considering purchasing an apartment in Dubai, understanding the service charges and maintenance fees is crucial. These fees are an essential aspect of apartment ownership, ensuring the upkeep and smooth functioning of the building and its amenities. So, before you buy an apartment in Dubai , here's a closer look at what these charges entail, how they are calculated, and what they cover. What Are Service Charges and Maintenance Fees? Service charges and maintenance fees are payments made by property owners to cover the costs of maintaining and managing the common areas and facilities of a building or community. These charges are typically collected by the homeowners' association (HOA) or the building management company. How Are These Fees Calculated? The calculation of service charges and maintenance fees in Dubai is based on several factors: Area of the Apartment: The size of your apartment significantly impacts the amount you will pay. Fees are usually calculated on a