Jumeirah Village Circle (JVC): 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 2800
Market rate
Service Charge
AED 9
Per sqft annually
DEWA (Water + Elec.)
AED 280
Monthly average
Cooling (if applicable)
AED 220
Monthly average
Affordable villa community with low maintenance costs. Growing infrastructure. Family-friendly; limited commercial appeal.
5-Year Cost Breakdown (2BR Apartment, 1,500 sqft)
Property Purchase PriceAED 4,200,000
Down Payment (20%)AED 840,000
Loan Amount (80% LTV)AED 3,360,000
DLD Fees (~4%)AED 168,000
5-Year Mortgage PaymentsAED 1,275,421
Service Charges (5 years)AED 67,500
DEWA + Cooling (5 years)AED 30,000
Insurance (5 years)AED 17,500
TOTAL 5-YEAR COSTAED 2,503,421
Includes down payment, DLD, mortgage interest, service charges, utilities and insurance
Annual Cost Breakdown
| Cost Category | Monthly | Annual | % of Total |
|---|---|---|---|
| Mortgage Payment | AED 21,257 | AED 255,084 | 50.9% |
| Service Charges | AED 1,125 | AED 13,500 | 2.7% |
| DEWA + Cooling | AED 500 | AED 6,000 | 1.2% |
| Insurance | AED 292 | AED 3,500 | 0.7% |
| Monthly Total (excluding one-time costs) | AED 23,174 | ||
Want a Custom Cost Analysis?
Our team can model custom scenarios with different LTV, rate and property size assumptions to match your exact needs.