The Springs: 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 2950
Market rate
Service Charge
AED 7
Per sqft annually
DEWA (Water + Elec.)
AED 230
Monthly average
Cooling (if applicable)
AED 160
Monthly average
Affordable villa gated community. Growing infrastructure. Best value for budget-conscious villa buyers.
5-Year Cost Breakdown (2BR Apartment, 1,500 sqft)
Property Purchase PriceAED 4,425,000
Down Payment (20%)AED 885,000
Loan Amount (80% LTV)AED 3,540,000
DLD Fees (~4%)AED 177,000
5-Year Mortgage PaymentsAED 1,343,747
Service Charges (5 years)AED 52,500
DEWA + Cooling (5 years)AED 23,400
Insurance (5 years)AED 16,000
TOTAL 5-YEAR COSTAED 2,608,272
Includes down payment, DLD, mortgage interest, service charges, utilities and insurance
Annual Cost Breakdown
| Cost Category | Monthly | Annual | % of Total |
|---|---|---|---|
| Mortgage Payment | AED 22,396 | AED 268,749 | 51.5% |
| Service Charges | AED 875 | AED 10,500 | 2.0% |
| DEWA + Cooling | AED 390 | AED 4,680 | 0.9% |
| Insurance | AED 267 | AED 3,200 | 0.6% |
| Monthly Total (excluding one-time costs) | AED 23,927 | ||
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