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2-bed · 1,535 sqftThe Polo Residences B5, Meydan City · 1st floor · completed 2017

108, The Polo Residences B5

Sold prices and rental history: sold once, by the developer in April 2018, and rented once, from May 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 108 · DLD and Ejari recordsUpdated 1 May 2021
Last soldAED 1.5M18 April 2018
Current rentAED 80K /yr1 May 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 108, The Polo Residences B5

What is 108 worth today?

Last sold for AED 1,500,000 in 2018

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1 May 2021RentedNew contract
AED 80,000/yr12 months · AED 52 per sqft
18 Apr 2018Sold by developerReady
AED 1,500,000AED 977 per sqft

Source: Dubai Land Department. Updated 1 May 2021.

Key facts

Type
2-bed apartment
Size
1,535 sqft
Floor
1st of 4
Parking
G-26
Developer
IGO Property Development
Completed
2017
Service charge
AED 21,600 /yr
Last sold
AED 1.5M · April 2018
Building
The Polo Residences B5

About 108, The Polo Residences B5

108 is a two-bedroom apartment of 1,535 sqft on the 1st floor of The Polo Residences B5, a 4-storey tower in Meydan City completed in 2017 by IGO Property Development. The developer sold it on 18 April 2018 for AED 1,500,000, or AED 977 per sqft, 11% below the AED 1,094 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 1 May 2021. The current contract, signed on 1 May 2021, is AED 80,000 a year: a gross yield of 5.3% on the 2018 price, before the service charge of about AED 21,600 a year.

Sales and rents for 108 over time

Sales
Unit 108, each saleTypical two-bed in The Polo Residences B5
1.5M2M20172019202120232025Typical sale price by year: 2017 AED 1,882,036; 2018 AED 1,640,000; 2020 AED 1,575,000; 2024 AED 2,200,000Sold by developer, April 2018: AED 1,500,000 (AED 977 per sqft)

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

Rents
Unit 108, each contractTypical two-bed in The Polo Residences B5
100K150K2018202120242027Typical rent by year: 2018 AED 106,250; 2019 AED 101,500; 2020 AED 100,000; 2021 AED 87,000; 2022 AED 95,375; 2023 AED 117,500; 2024 AED 117,875; 2025 AED 147,500; 2026 AED 145,000New contract, May 2021: AED 80,000 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 B5, and where 108 sits

All 14 2-beds →

108 last sold in April 2018 at AED 977 per sqft, 11% below what two-beds in The Polo Residences B5 were fetching at the time (AED 1,094). Over the last 12 months two-beds sold for AED 2,100,000 to 2,600,000, around AED 1,531 per sqft, and rent for AED 135,000 to 205,000 a year. 108's AED 80,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
11 Sep 20262,100,000
14 Dec 20252,600,000
16 Dec 20242,200,000
29 Oct 20242,950,000
2 2-bed sales in the last 12 months

The Polo Residences B5

Building

30 apartments, 1-bed to 3-bed over 4 floors in Meydan City, completed in 2017 by IGO Property Development. 4 sold in the last 12 months.

Typical price per sqft
AED 1,705
Typical sale
AED 1.87M
Typical rent
AED 85K /yr
Typical yield
5.5%
The Polo Residences B5, Meydan City: prices, sales and rents →

Other units on the 1st floor

All 30 units in The Polo Residences B5
Value
1011-bedAED 967K · Mar 2017
1022-bedAED 1.75M · Jul 2018
1032-bedAED 2.2M · Dec 2024
1041-bedAED 1.18M · Feb 2024
1051-bedAED 1.17M · Feb 2017
1061-bedAED 1.54M · Oct 2026
1072-bedAED 1.6M · Mar 2018
1–7 of 8

108, The Polo Residences B5 in numbers

  • Sold once: by IGO Property Development on 18 April 2018 for AED 1,500,000, or AED 977 per sqft.
  • Rented since May 2021 on one Ejari contract, at AED 80,000 a year.
  • At AED 80,000 a year the gross yield on the 2018 price is 5.3%, before a service charge of about AED 21,600 a year (AED 14.05 per sqft).
  • Two-beds in The Polo Residences B5 sold for AED 2,100,000–2,600,000 in the 12 months to November 2026; the building's median across all types is AED 1,705 per sqft.

Source: Dubai Land Department. Updated 1 May 2021.

Questions about 108, The Polo Residences B5

What did unit 108 last sell for?

AED 1,500,000 on 18 April 2018, sold by the developer: AED 977 per sqft for 1,535 sqft. It is the only registered sale of the unit.

What is the rent for unit 108?

AED 80,000 a year on the contract signed on 1 May 2021.

How big is unit 108?

1,535 sqft (142.6 sqm): a two-bedroom apartment on the 1st floor of a 4-storey tower completed in 2017.

What is unit 108 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 B5 sold for AED 2,100,000 to 2,600,000 in the last 12 months, around AED 1,531 per sqft.

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Mortgage on 108, The Polo Residences B5

Starts from the last sale price (AED 1.5M, 18 April 2018). Switch to today's estimate once you have unlocked it.
Price
AED 1,500,000
Deposit, UAE resident (20%)
AED 300,000
Deposit, non-resident (40%)
AED 600,000
Monthly over 25 years at 3.7%
AED 6,137

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