Dubai Marina: 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 5200
Market rate
Service Charge
AED 18
Per sqft annually
DEWA (Water + Elec.)
AED 450
Monthly average
Cooling (if applicable)
AED 350
Monthly average
Waterfront living with high service charges due to marina maintenance and amenities. Consistent rental yields 4-5%.
5-Year Cost Breakdown (2BR Apartment, 1,500 sqft)
Property Purchase PriceAED 7,800,000
Down Payment (20%)AED 1,560,000
Loan Amount (80% LTV)AED 6,240,000
DLD Fees (~4%)AED 312,000
5-Year Mortgage PaymentsAED 2,368,639
Service Charges (5 years)AED 135,000
DEWA + Cooling (5 years)AED 48,000
Insurance (5 years)AED 42,500
TOTAL 5-YEAR COSTAED 4,661,139
Includes down payment, DLD, mortgage interest, service charges, utilities and insurance
Annual Cost Breakdown
| Cost Category | Monthly | Annual | % of Total |
|---|---|---|---|
| Mortgage Payment | AED 39,477 | AED 473,728 | 50.8% |
| Service Charges | AED 2,250 | AED 27,000 | 2.9% |
| DEWA + Cooling | AED 800 | AED 9,600 | 1.0% |
| Insurance | AED 708 | AED 8,500 | 0.9% |
| Monthly Total (excluding one-time costs) | AED 43,236 | ||
Compare with Other Communities
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