Raffles The Palm
Palm Jumeirah
Service Charge
AED 58
/sqft/year
Property Type
Branded Residence
Completed
2023
Tier
Ultra-Prime
Developer
Meraas
Total Units
96
Chiller Type
Empower
Last Review
2026
Typical Annual Service Charges
Studio
AED 232,000
1-Bed
AED 348,000
2-Bed
AED 496,000
3-Bed
AED 696,000
Based on 58 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 7/sqft/year allocated for major capital repairs and refurbishments (e.g., facade restoration, chiller replacement, lobby renovation).
Amenities
Beach accessSpaRestaurantConciergeKids clubValet parkingFitness centerBusiness lounge
How was this data compiled? See our methodology