Thread: service charge
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Old 06-03-2007, 03:38 PM
dwzrd dwzrd is offline
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Join Date: Feb 2007
Posts: 6
Lightbulb Initial Service Charge

As per info received care of the owner of the building, Nakheel has initially set the service charge to AED10.55 per square foot of the built-up area of the apartment. This area is found on the initial pages of the sale and purchase agreement (SPA) and then multiply it by 10.55 to get the supposed service charge amount.

Example:
Area = 500 sq. ft.
Service Charge = 500 x 10.55 = AED5,275.00

As per SPA, this value may change yearly depending on the expenses incurred on the common area by apartment purchasers. Hence, annual service charge may vary annually and it may be expected to have a refund or augmentation as necessary as per SPA.

You may find other useful info on other threads on this forum whereby helpful colleagues have shared detailed fees, charges, and experiences encountered with real estate and developer.
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