104, The Polo Residences B3
Sold prices and rental history: sold once, by the developer in December 2014, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 104, The Polo Residences B3
What is 104 worth today?
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Source: Dubai Land Department. Updated 1 August 2022.
Key facts
- Type
- 1-bed apartment
- Size
- 821 sqft
- Floor
- 1st of 4
- Parking
- G-24
- Developer
- IGO Property Development
- Completed
- 2017
- Service charge
- AED 12,500 /yr
- Last sold
- AED 1.1M · December 2014
- Building
- The Polo Residences B3
About 104, The Polo Residences B3
104 is a one-bedroom apartment of 821 sqft on the 1st floor of The Polo Residences B3, a 4-storey tower in Meydan City completed in 2017 by IGO Property Development. The developer sold it on 22 December 2014 for AED 1,095,921, or AED 1,335 per sqft, in line with the AED 1,335 one-beds in the building were fetching at the time.
It has been rented continuously since 2017 on 5 Ejari contracts. The current contract, signed on 1 August 2022, is AED 60,000 a year: a gross yield of 5.5% on the 2014 price, before the service charge of about AED 12,500 a year.
Sales and rents for 104 over time
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in The Polo Residences B3, and where 104 sits
All 15 1-beds →104 last sold in December 2014 at AED 1,335 per sqft, in line with what one-beds in The Polo Residences B3 were fetching at the time (AED 1,335). 104's AED 60,000 is at the bottom of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 23 Dec 201423 December 2014 | 812 sqft | 1,091,670 | 1,344 | ||
| 23 Dec 201423 December 2014 | 814 sqft | 1,091,670 | 1,341 | ||
| 23 Dec 201423 December 2014 | 821 sqft | 1,095,921 | 1,335 | ||
| 23 Dec 201423 December 2014 | 812 sqft | 1,091,670 | 1,344 |
The Polo Residences B3
Building31 apartments, 1-bed to 2-bed over 4 floors in Meydan City, completed in 2017 by IGO Property Development. No sale in the last 12 months.
- Typical price per sqft
- Few sales
- Typical sale
- Few sales
- Typical rent
- AED 70K /yr
- Typical yield
Other units on the 1st floor
All 31 units in The Polo Residences B3| ValueToday's value | |||||
|---|---|---|---|---|---|
| 101 | 1-bed | 812 sqft | AED 1.09MAED 1,091,670 · Dec 2014December 2014 | 72,000 /yr | |
| 102 | 2-bed | 1,535 sqft | AED 1.75MAED 1,750,000 · Sep 2023September 2023 | 120,000 /yr | |
| 103 | 2-bed | 1,533 sqft | AED 1.5MAED 1,500,000 · May 2021May 2021 | 105,000 /yr | |
| 105 | 1-bed | 821 sqft | AED 1.09MAED 1,091,421 · Dec 2014December 2014 | 75,000 /yr | |
| 106 | 1-bed | 826 sqft | AED 1.09MAED 1,091,421 · Dec 2014December 2014 | 77,500 /yr | |
| 107 | 2-bed | 1,534 sqft | AED 1.75MAED 1,754,566 · Jul 2017July 2017 | 155,000 /yr | |
| 108 | 2-bed | 1,535 sqft | AED 1.75MAED 1,750,000 · Apr 2017April 2017 | ||
| 109 | 1-bed | 814 sqft | AED 1.09MAED 1,091,670 · Dec 2014December 2014 | 70,000 /yr |
104, The Polo Residences B3 in numbers
- Sold once: by IGO Property Development on 22 December 2014 for AED 1,095,921, or AED 1,335 per sqft.
- Rented since December 2017 on 5 Ejari contracts. The rent fell from AED 72,000 to AED 50,000 in 2020 and recovered to AED 60,000 by August 2022.
- At AED 60,000 a year the gross yield on the 2014 price is 5.5%, before a service charge of about AED 12,500 a year (AED 15.29 per sqft).
Source: Dubai Land Department. Updated 1 August 2022.
Questions about 104, The Polo Residences B3
What did unit 104 last sell for?
AED 1,095,921 on 22 December 2014, sold by the developer: AED 1,335 per sqft for 821 sqft. It is the only registered sale of the unit.
What is the rent for unit 104?
AED 60,000 a year on the contract signed on 1 August 2022. The previous contract, from July 2020, was AED 50,000; the unit has been rented since December 2017.
How big is unit 104?
821 sqft (76.3 sqm): a one-bedroom apartment on the 1st floor of a 4-storey tower completed in 2017.
What is unit 104 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.
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Mortgage on 104, The Polo Residences B3
Starts from the last sale price (AED 1.1M, 22 December 2014). Switch to today's estimate once you have unlocked it.- Price
- AED 1,095,921
- Deposit, UAE resident (20%)
- AED 219,184
- Deposit, non-resident (40%)
- AED 438,368
- Monthly over 25 years at 3.7%
- AED 4,484
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →