Palm Jumeirah: 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 7500
Market rate
Service Charge
AED 25
Per sqft annually
DEWA (Water + Elec.)
AED 380
Monthly average
Cooling (if applicable)
AED 320
Monthly average
Ultra-luxury beachfront destination. Highest service charges in Dubai due to island infrastructure and 24/7 security.
5-Year Cost Breakdown (2BR Apartment, 1,500 sqft)
Property Purchase PriceAED 11,250,000
Down Payment (20%)AED 2,250,000
Loan Amount (80% LTV)AED 9,000,000
DLD Fees (~4%)AED 450,000
5-Year Mortgage PaymentsAED 3,416,307
Service Charges (5 years)AED 187,500
DEWA + Cooling (5 years)AED 42,000
Insurance (5 years)AED 60,000
TOTAL 5-YEAR COSTAED 6,687,057
Includes down payment, DLD, mortgage interest, service charges, utilities and insurance
Annual Cost Breakdown
| Cost Category | Monthly | Annual | % of Total |
|---|---|---|---|
| Mortgage Payment | AED 56,938 | AED 683,261 | 51.1% |
| Service Charges | AED 3,125 | AED 37,500 | 2.8% |
| DEWA + Cooling | AED 700 | AED 8,400 | 0.6% |
| Insurance | AED 1,000 | AED 12,000 | 0.9% |
| Monthly Total (excluding one-time costs) | AED 61,763 | ||
Compare with Other Communities
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