Dubai Creek Harbour: 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 4100
Market rate
Service Charge
AED 12
Per sqft annually
DEWA (Water + Elec.)
AED 310
Monthly average
Cooling (if applicable)
AED 240
Monthly average
New master-planned waterfront development. Strong capital appreciation potential. Premium over established communities.
5-Year Cost Breakdown (2BR Apartment, 1,500 sqft)
Property Purchase PriceAED 6,150,000
Down Payment (20%)AED 1,230,000
Loan Amount (80% LTV)AED 4,920,000
DLD Fees (~4%)AED 246,000
5-Year Mortgage PaymentsAED 1,867,581
Service Charges (5 years)AED 90,000
DEWA + Cooling (5 years)AED 33,000
Insurance (5 years)AED 29,000
TOTAL 5-YEAR COSTAED 3,649,331
Includes down payment, DLD, mortgage interest, service charges, utilities and insurance
Annual Cost Breakdown
| Cost Category | Monthly | Annual | % of Total |
|---|---|---|---|
| Mortgage Payment | AED 31,126 | AED 373,516 | 51.2% |
| Service Charges | AED 1,500 | AED 18,000 | 2.5% |
| DEWA + Cooling | AED 550 | AED 6,600 | 0.9% |
| Insurance | AED 483 | AED 5,800 | 0.8% |
| Monthly Total (excluding one-time costs) | AED 33,660 | ||
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