Capital Bay
Business Bay
Service Charge
AED 23
/sqft/year
Property Type
Apartment
Completed
2019
Tier
Upper-Mid
Developer
DAMAC Properties
Total Units
420
Chiller Type
DEWA
Last Review
2026
Typical Annual Service Charges
Studio
AED 92,000
1-Bed
AED 138,000
2-Bed
AED 184,000
3-Bed
AED 276,000
Based on 23 AED/sqft/year and typical unit sizes (studio 500–700 sqft, 1-bed 800–1,000 sqft, 2-bed 1,200–1,500 sqft, 3-bed 1,800–2,200 sqft)
Stable Trend
Service charges have stabilized. Modest increases of 2–4% annually are normal to offset inflation and maintenance costs.
Sinking Fund
AED 3/sqft/year allocated for major capital repairs and refurbishments (e.g., facade restoration, chiller replacement, lobby renovation).
Amenities
PoolGymConciergeValet parkingRestaurantBusiness loungeKids club
How was this data compiled? See our methodology