Al Barsha: 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 2700
Market rate
Service Charge
AED 7
Per sqft annually
DEWA (Water + Elec.)
AED 250
Monthly average
Cooling (if applicable)
AED 180
Monthly average
Well-established residential community with diverse property types. Central location; good rental market.
5-Year Cost Breakdown (2BR Apartment, 1,500 sqft)
Property Purchase PriceAED 4,050,000
Down Payment (20%)AED 810,000
Loan Amount (80% LTV)AED 3,240,000
DLD Fees (~4%)AED 162,000
5-Year Mortgage PaymentsAED 1,229,870
Service Charges (5 years)AED 52,500
DEWA + Cooling (5 years)AED 25,800
Insurance (5 years)AED 15,500
TOTAL 5-YEAR COSTAED 2,396,920
Includes down payment, DLD, mortgage interest, service charges, utilities and insurance
Annual Cost Breakdown
| Cost Category | Monthly | Annual | % of Total |
|---|---|---|---|
| Mortgage Payment | AED 20,498 | AED 245,974 | 51.3% |
| Service Charges | AED 875 | AED 10,500 | 2.2% |
| DEWA + Cooling | AED 430 | AED 5,160 | 1.1% |
| Insurance | AED 258 | AED 3,100 | 0.6% |
| Monthly Total (excluding one-time costs) | AED 22,061 | ||
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