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Abu Dhabi property service charges cut by 6% in 2023

Cuts in service and community charges for Abu Dhabi property owners resulted in year-on-year savings of AED39.7m Wam
The villa development on Al Raha Beach is slated for completion in the last quarter of 2027

Service and community charges for property owners in Abu Dhabi fell six percent in 2023, resulting in savings of AED39.7 million ($10.81 million) year on year.

The total approved budgets for jointly owned property development projects reached AED 685 million by the end of Q4 2023, state-run Abu Dhabi Media Office reported, citing Abu Dhabi Real Estate Centre.

“These reductions are anticipated to streamline property management, cut operational expenses, elevate returns on real estate investments, and uphold competitive pricing for homeowners in Abu Dhabi, both locally and regionally,” the centre added.

Service charges cover the costs of managing and maintaining communal areas in property developments.

In 2020, the Department of Municipalities and Transport – Abu Dhabi introduced a fee monitoring system to regulate service and community charges, fostering sustainable growth in Abu Dhabi’s real estate sector.

This framework safeguards the rights of owners and developers by ensuring fair pricing, resulting in service charge reductions of 18.1 percent in 2020, 8.3 percent in 2021, and over six percent in 2022.

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