The Meadows: 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 3100
Market rate
Service Charge
AED 8
Per sqft annually
DEWA (Water + Elec.)
AED 240
Monthly average
Cooling (if applicable)
AED 170
Monthly average
Master-planned villa community with parks and lakes. Excellent for families. Stable pricing and good appreciation.
5-Year Cost Breakdown (2BR Apartment, 1,500 sqft)
Property Purchase PriceAED 4,650,000
Down Payment (20%)AED 930,000
Loan Amount (80% LTV)AED 3,720,000
DLD Fees (~4%)AED 186,000
5-Year Mortgage PaymentsAED 1,412,073
Service Charges (5 years)AED 60,000
DEWA + Cooling (5 years)AED 24,600
Insurance (5 years)AED 19,000
TOTAL 5-YEAR COSTAED 2,747,923
Includes down payment, DLD, mortgage interest, service charges, utilities and insurance
Annual Cost Breakdown
| Cost Category | Monthly | Annual | % of Total |
|---|---|---|---|
| Mortgage Payment | AED 23,535 | AED 282,415 | 51.4% |
| Service Charges | AED 1,000 | AED 12,000 | 2.2% |
| DEWA + Cooling | AED 410 | AED 4,920 | 0.9% |
| Insurance | AED 317 | AED 3,800 | 0.7% |
| Monthly Total (excluding one-time costs) | AED 25,261 | ||
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