2-bed · 2,628 sqftThe Polo Residences B4, Meydan City · 4th floor · completed 2017

403, The Polo Residences B4

Sold prices and rental history: sold 4 times, last in July 2024, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 403 · DLD and Ejari recordsUpdated 24 July 2024
Last soldAED 3.13M24 July 2024
Current rentAED 110K /yr1 February 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 403, The Polo Residences B4

What is 403 worth today?

Last sold for AED 3,130,000 in 2024

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24 Jul 2024SoldReady
AED 3,130,000AED 1,190 per sqft
18 Dec 2023SoldReady
AED 2,370,000AED 901 per sqft
1 Feb 2023RentedNew contract
AED 110,000/yr12 months · AED 42 per sqft
1 Feb 2022RentedRenewal
AED 110,000/yr12 months · AED 42 per sqft
1 Jan 2021RentedNew contract
AED 110,000/yr13 months · AED 42 per sqft
26 Apr 2017SoldReady
AED 2,350,000AED 894 per sqft
16 Apr 2017Sold by developerReady
AED 2,740,324AED 1,042 per sqft

Source: Dubai Land Department. Updated 24 July 2024.

Key facts

Type
2-bed apartment
Size
2,628 sqft
Floor
4th of 4
Parking
G-02
Developer
IGO Property Development
Completed
2017
Service charge
AED 36,200 /yr
Last sold
AED 3.13M · July 2024

About 403, The Polo Residences B4

403 is a two-bedroom apartment of 2,628 sqft on the 4th floor of The Polo Residences B4, a 4-storey tower in Meydan City completed in 2017 by IGO Property Development. It last sold on 24 July 2024 for AED 3,130,000, or AED 1,190 per sqft, 4% below the AED 1,238 two-beds in the building were fetching at the time.

It has been rented since 2021 on 3 Ejari contracts. The current contract, signed on 1 February 2023, is AED 110,000 a year: a gross yield of 3.5% on the 2024 price, before the service charge of about AED 36,200 a year.

Sales and rents for 403 over time

Sales
Unit 403, each saleTypical two-bed in The Polo Residences B4
2M3M2014201720202023Typical sale price by year: 2014 AED 1,983,975; 2016 AED 2,631,828; 2017 AED 1,772,283; 2022 AED 2,000,000; 2023 AED 2,100,000; 2024 AED 1,925,000Sold, April 2017: AED 2,350,000 (AED 894 per sqft)Sold by developer, April 2017: AED 2,740,324 (AED 1,042 per sqft)Sold, December 2023: AED 2,370,000 (AED 901 per sqft)Sold, July 2024: AED 3,130,000 (AED 1,190 per sqft)

403 has sold 4 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 403, each contractTypical two-bed in The Polo Residences B4
100K150K2017202020232026Typical rent by year: 2017 AED 120,000; 2018 AED 105,000; 2019 AED 100,000; 2020 AED 86,000; 2021 AED 95,724; 2022 AED 102,500; 2023 AED 110,000; 2024 AED 121,000; 2025 AED 150,000; 2026 AED 156,000New contract, January 2021: AED 110,000 a yearRenewal, February 2022: AED 110,000 a yearNew contract, February 2023: AED 110,000 a year

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in The Polo Residences B4, and where 403 sits

All 15 2-beds →

403 last sold in July 2024 at AED 1,190 per sqft, 4% below what two-beds in The Polo Residences B4 were fetching at the time (AED 1,238). Over the last 12 months two-beds sold for AED 2,550,000 to 2,650,000, around AED 1,694 per sqft, and rent for AED 111,573 to 210,000 a year. 403's AED 110,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
14 May 20262,550,000
26 Dec 20252,650,000
23 Apr 20252,500,000
15 Jul 20241,900,000
2 2-bed sales in the last 12 months

The Polo Residences B4

Building

30 apartments, 1-bed to 2-bed over 4 floors in Meydan City, completed in 2017 by IGO Property Development. 2 sold in the last 12 months.

Typical price per sqft
AED 1,694
Typical sale
AED 2.6M
Typical rent
AED 75K /yr
Typical yield
5.3%
The Polo Residences B4, Meydan City: prices, sales and rents →

Other units on the 4th floor

All 30 units in The Polo Residences B4
Value
4012-bedAED 2M · Feb 2022
4022-bedAED 2.05M · Aug 2022
4042-bedAED 1.82M · Sep 2021

403, The Polo Residences B4 in numbers

  • Sold 4 times: first on 16 April 2017 for AED 2,740,324, last on 24 July 2024 for AED 3,130,000 (AED 1,190 per sqft).
  • Rented since January 2021 on 3 Ejari contracts, at AED 110,000 a year.
  • At AED 110,000 a year the gross yield on the 2024 price is 3.5%, before a service charge of about AED 36,200 a year (AED 13.76 per sqft).
  • Two-beds in The Polo Residences B4 sold for AED 2,550,000–2,650,000 in the 12 months to November 2026; the building's median across all types is AED 1,694 per sqft.

Source: Dubai Land Department. Updated 24 July 2024.

Questions about 403, The Polo Residences B4

What did unit 403 last sell for?

AED 3,130,000 on 24 July 2024: AED 1,190 per sqft for 2,628 sqft. The unit has 4 registered sales; the first was AED 2,740,324 in April 2017.

What is the rent for unit 403?

AED 110,000 a year on the contract signed on 1 February 2023. The previous contract, from February 2022, was AED 110,000; the unit has been rented since January 2021.

How big is unit 403?

2,628 sqft (244.1 sqm): a two-bedroom apartment on the 4th floor of a 4-storey tower completed in 2017.

What is unit 403 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in The Polo Residences B4 sold for AED 2,550,000 to 2,650,000 in the last 12 months, around AED 1,694 per sqft.

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Mortgage on 403, The Polo Residences B4

Starts from the last sale price (AED 3.13M, 24 July 2024). Switch to today's estimate once you have unlocked it.
Price
AED 3,130,000
Deposit, UAE resident (20%)
AED 626,000
Deposit, non-resident (40%)
AED 1,252,000
Monthly over 25 years at 3.7%
AED 12,806

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →