Jumeirah Lake Towers (JLT): 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 3500
Market rate
Service Charge
AED 11
Per sqft annually
DEWA (Water + Elec.)
AED 320
Monthly average
Cooling (if applicable)
AED 250
Monthly average
Affordable high-rise cluster with good amenities. Strong rental market (4-5% yield). Lower service charges than Marina.
5-Year Cost Breakdown (2BR Apartment, 1,500 sqft)
Property Purchase PriceAED 5,250,000
Down Payment (20%)AED 1,050,000
Loan Amount (80% LTV)AED 4,200,000
DLD Fees (~4%)AED 210,000
5-Year Mortgage PaymentsAED 1,594,276
Service Charges (5 years)AED 82,500
DEWA + Cooling (5 years)AED 34,200
Insurance (5 years)AED 24,000
TOTAL 5-YEAR COSTAED 3,126,226
Includes down payment, DLD, mortgage interest, service charges, utilities and insurance
Annual Cost Breakdown
| Cost Category | Monthly | Annual | % of Total |
|---|---|---|---|
| Mortgage Payment | AED 26,571 | AED 318,855 | 51.0% |
| Service Charges | AED 1,375 | AED 16,500 | 2.6% |
| DEWA + Cooling | AED 570 | AED 6,840 | 1.1% |
| Insurance | AED 400 | AED 4,800 | 0.8% |
| Monthly Total (excluding one-time costs) | AED 28,916 | ||
Want a Custom Cost Analysis?
Our team can model custom scenarios with different LTV, rate and property size assumptions to match your exact needs.