Emirates Living: 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 3300
Market rate
Service Charge
AED 9
Per sqft annually
DEWA (Water + Elec.)
AED 260
Monthly average
Cooling (if applicable)
AED 190
Monthly average
Integrated villa and townhouse community. Good mix of properties. Strong school catchments nearby.
5-Year Cost Breakdown (2BR Apartment, 1,500 sqft)
Property Purchase PriceAED 4,950,000
Down Payment (20%)AED 990,000
Loan Amount (80% LTV)AED 3,960,000
DLD Fees (~4%)AED 198,000
5-Year Mortgage PaymentsAED 1,503,175
Service Charges (5 years)AED 67,500
DEWA + Cooling (5 years)AED 27,000
Insurance (5 years)AED 22,000
TOTAL 5-YEAR COSTAED 2,931,425
Includes down payment, DLD, mortgage interest, service charges, utilities and insurance
Annual Cost Breakdown
| Cost Category | Monthly | Annual | % of Total |
|---|---|---|---|
| Mortgage Payment | AED 25,053 | AED 300,635 | 51.3% |
| Service Charges | AED 1,125 | AED 13,500 | 2.3% |
| DEWA + Cooling | AED 450 | AED 5,400 | 0.9% |
| Insurance | AED 367 | AED 4,400 | 0.8% |
| Monthly Total (excluding one-time costs) | AED 26,995 | ||
Want a Custom Cost Analysis?
Our team can model custom scenarios with different LTV, rate and property size assumptions to match your exact needs.