2-bed · 2,219 sqftThe Polo Residences B4, Meydan City · 4th floor · completed 2017

404, The Polo Residences B4

Sold prices and rental history: sold twice, last in September 2021, and rented since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 404 · DLD and Ejari recordsUpdated 5 September 2021
Last soldAED 1.82M5 September 2021
Current rentAED 105K /yr25 January 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 404, The Polo Residences B4

What is 404 worth today?

Last sold for AED 1,820,000 in 2021

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5 Sep 2021SoldReady
AED 1,820,000AED 820 per sqft
25 Jan 2021RentedNew contract
AED 105,000/yr12 months · AED 47 per sqft
1 Nov 2017RentedNew contract
AED 135,000/yr12 months · AED 61 per sqft
13 Apr 2016Sold by developerOff-plan
AED 2,630,960AED 1,185 per sqft

Source: Dubai Land Department. Updated 5 September 2021.

Key facts

Type
2-bed apartment
Size
2,219 sqft
Floor
4th of 4
Parking
G-01
Developer
IGO Property Development
Completed
2017
Service charge
AED 30,500 /yr
Last sold
AED 1.82M · September 2021

About 404, The Polo Residences B4

404 is a two-bedroom apartment of 2,219 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 5 September 2021 for AED 1,820,000, or AED 820 per sqft.

It has been rented since 2017 on 2 Ejari contracts. The current contract, signed on 25 January 2021, is AED 105,000 a year: a gross yield of 5.8% on the 2021 price, before the service charge of about AED 30,500 a year.

Sales and rents for 404 over time

Sales
Unit 404, each saleTypical two-bed in The Polo Residences B4
2M2.5M2014201720202023Typical 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 by developer, April 2016: AED 2,630,960 (AED 1,185 per sqft)Sold, September 2021: AED 1,820,000 (AED 820 per sqft)

404 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 404, 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, November 2017: AED 135,000 a yearNew contract, January 2021: AED 105,000 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 404 sits

All 15 2-beds →

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. 404's AED 105,000 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
24 Jul 20243,130,000
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
4032-bedAED 3.13M · Jul 2024

404, The Polo Residences B4 in numbers

  • Sold twice: first on 13 April 2016 for AED 2,630,960, last on 5 September 2021 for AED 1,820,000 (AED 820 per sqft).
  • Rented since November 2017 on 2 Ejari contracts, from AED 135,000 to AED 105,000 a year.
  • At AED 105,000 a year the gross yield on the 2021 price is 5.8%, before a service charge of about AED 30,500 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 5 September 2021.

Questions about 404, The Polo Residences B4

What did unit 404 last sell for?

AED 1,820,000 on 5 September 2021: AED 820 per sqft for 2,219 sqft. The unit has 2 registered sales; the first was AED 2,630,960 in April 2016.

What is the rent for unit 404?

AED 105,000 a year on the contract signed on 25 January 2021. The previous contract, from November 2017, was AED 135,000.

How big is unit 404?

2,219 sqft (206.2 sqm): a two-bedroom apartment on the 4th floor of a 4-storey tower completed in 2017.

What is unit 404 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 404, The Polo Residences B4

Starts from the last sale price (AED 1.82M, 5 September 2021). Switch to today's estimate once you have unlocked it.
Price
AED 1,820,000
Deposit, UAE resident (20%)
AED 364,000
Deposit, non-resident (40%)
AED 728,000
Monthly over 25 years at 3.7%
AED 7,446

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