Business Bay: 5-Year Cost of Ownership
Complete cost breakdown for a typical 2-bedroom apartment with 80% LTV mortgage at 4.5% fixed rate.
Community Overview
Avg Price/Sqft
AED 4800
Market rate
Service Charge
AED 16
Per sqft annually
DEWA (Water + Elec.)
AED 400
Monthly average
Cooling (if applicable)
AED 330
Monthly average
Central location with commercial appeal. Lower service charges than Marina. Strong rental demand from professionals.
5-Year Cost Breakdown (2BR Apartment, 1,500 sqft)
Property Purchase PriceAED 7,200,000
Down Payment (20%)AED 1,440,000
Loan Amount (80% LTV)AED 5,760,000
DLD Fees (~4%)AED 288,000
5-Year Mortgage PaymentsAED 2,186,436
Service Charges (5 years)AED 120,000
DEWA + Cooling (5 years)AED 43,800
Insurance (5 years)AED 36,000
TOTAL 5-YEAR COSTAED 4,294,236
Includes down payment, DLD, mortgage interest, service charges, utilities and insurance
Annual Cost Breakdown
| Cost Category | Monthly | Annual | % of Total |
|---|---|---|---|
| Mortgage Payment | AED 36,441 | AED 437,287 | 50.9% |
| Service Charges | AED 2,000 | AED 24,000 | 2.8% |
| DEWA + Cooling | AED 730 | AED 8,760 | 1.0% |
| Insurance | AED 600 | AED 7,200 | 0.8% |
| Monthly Total (excluding one-time costs) | AED 39,771 | ||
Compare with Other Communities
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