💵 Costs

What are the annual costs of owning property?

Annual ownership costs in Dubai Creek Harbour include:

  • Service charges (typically AED 8-15 per sq ft annually depending on property type and amenities)
  • Chiller/cooling charges if applicable (AED 0.60-0.80 per sq ft for non-free cooling units)
  • DEWA utilities (water and electricity based on usage)
  • Property management fees if renting out (5-8% of annual rent)
  • Home insurance (optional but recommended, AED 800-2,000 annually)
  • Community association fees if applicable

A 2-bedroom apartment might incur AED 10,000-15,000 in annual service charges plus utilities. These costs are relatively low compared to many international markets and can be offset by rental income for investors.

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