Downtown Dubai: 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 6800
Market rate
Service Charge
AED 22
Per sqft annually
DEWA (Water + Elec.)
AED 520
Monthly average
Cooling (if applicable)
AED 400
Monthly average
Premium location near Burj Khalifa and DIFC. High service charges but strong capital appreciation. Limited inventory.
5-Year Cost Breakdown (2BR Apartment, 1,500 sqft)
Property Purchase PriceAED 10,200,000
Down Payment (20%)AED 2,040,000
Loan Amount (80% LTV)AED 8,160,000
DLD Fees (~4%)AED 408,000
5-Year Mortgage PaymentsAED 3,097,451
Service Charges (5 years)AED 165,000
DEWA + Cooling (5 years)AED 55,200
Insurance (5 years)AED 50,000
TOTAL 5-YEAR COSTAED 6,070,651
Includes down payment, DLD, mortgage interest, service charges, utilities and insurance
Annual Cost Breakdown
| Cost Category | Monthly | Annual | % of Total |
|---|---|---|---|
| Mortgage Payment | AED 51,624 | AED 619,490 | 51.0% |
| Service Charges | AED 2,750 | AED 33,000 | 2.7% |
| DEWA + Cooling | AED 920 | AED 11,040 | 0.9% |
| Insurance | AED 833 | AED 10,000 | 0.8% |
| Monthly Total (excluding one-time costs) | AED 56,128 | ||
Compare with Other Communities
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