Executive Towers
Business Bay
Service Charge
AED 18
/sqft/year
Property Type
Apartment
Completed
2012
Tier
Upper-Mid
Developer
DAMAC Properties
Total Units
600
Chiller Type
DEWA
Last Review
2026
Typical Annual Service Charges
Studio
AED 72,000
1-Bed
AED 108,000
2-Bed
AED 144,000
3-Bed
AED 216,000
Based on 18 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)
Increasing Trend
Service charges have risen in recent years. Expect continued increases of 3–7% annually unless the building undergoes significant operational improvements.
Sinking Fund
AED 2/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