Raffles The Palm
Service charge intelligence for 2024 year-over-year variance, cost breakdown, and community benchmarking in Palm Jumeirah
Service Charge
AED 58/sqft
Annual rate
YoY Change
0.0%
vs. previous year
Vs. Community Avg
+28.9%
Community avg: AED 45/sqft
Monthly/sqft
AED 4.8
Per square foot
3-Year Trend Analysis
2024
CURRENT YEARCharge/sqft
AED 58
Variance from Base
0.0%
2025
Charge/sqft
AED 62
Variance from Base
+6.9%
YoY Change
6.9%
2026
Charge/sqft
AED 62
Variance from Base
+6.9%
YoY Change
0.0%
AED/sqft/year2024 → 2025 → 2026
AED 58
2024
AED 62
2025
AED 62
2026
Estimated Cost Breakdown
Maintenance
17% of total
AED 10/sqft
Security
16% of total
AED 9/sqft
Facilities & Amenities
28% of total
AED 16/sqft
Utilities
33% of total
AED 19/sqft
Other charges: AED 3/sqft
Cost allocation is estimated based on typical luxury building operational requirements. Actual breakdown may vary refer to your building's detailed charge statement for precise component allocation.
Budget Impact Analysis
Studio
~500 sqft
AED 29000
per year
1-Bedroom
~750 sqft
AED 43500
per year
2-Bedroom
~1,200 sqft
AED 69600
per year
3-Bedroom
~1,800 sqft
AED 104400
per year
Community Benchmarking
Highest in Community
AED 68
+AED 10
Community Average
AED 45
+28.9% vs. building
Lowest in Community
AED 30
-AED 28
Raffles The Palm is positioned above the community average at AED 58/sqft. This reflects its tier status, amenities profile, and operational requirements within Palm Jumeirah.
Competitive Positioning
Ultra-Prime
One Palm Omniyat
Signature luxury benchmarks
Prime
Shoreline Apartments
Mid-market comparable
Value
Value-Positioned Tower
Entry-market reference
Year Navigation
Frequently Asked Questions
What's included in service charges?
Service charges typically cover maintenance, security, facilities management, utilities and amenities. For Raffles The Palm, chiller charges are Empower.
Why do service charges vary year-over-year?
Year-over-year adjustments reflect operational cost inflation, maintenance requirements, amenity enhancements and market indexation. Luxury properties maintain elevated charges to support curated facilities and premium service standards.
How does this building compare to others in the community?
Raffles The Palm is positioned above the Palm Jumeirah average at AED 58/sqft. This reflects its tier status (Ultra-Prime), amenities and operational scale.
Are service charges guaranteed to increase each year?
No. While moderate indexation is typical in Dubai's luxury segment, increases depend on building-specific factors, operational efficiency and market conditions. Some years show flat or reduced charges due to cost management.
Can service charges be appealed or negotiated?
Service charges are set by building management and approved by the Real Estate Regulatory Authority (RERA). Residents can review the detailed breakdown and raise concerns through official channels or property managers.
How do chiller charges affect total cost?
Raffles The Palm treats chiller charges as Empower. Confirm with management for the exact impact on your service charge invoice.
Need Detailed Service Charge Analysis?
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