2-bed · 1,493 sqftThe Polo Residences B5, Meydan City · 2nd floor · completed 2017

207, The Polo Residences B5

Sold prices and rental history: sold twice, last in June 2024, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 207 · DLD and Ejari recordsUpdated 19 June 2024
Last soldAED 2M19 June 2024
Current rentAED 105K /yr10 January 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 207, The Polo Residences B5

What is 207 worth today?

Last sold for AED 2,000,000 in 2024

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19 Jun 2024SoldReady
AED 2,000,000AED 1,339 per sqft
10 Jan 2024RentedNew contract
AED 105,149/yr9 months · AED 70 per sqft
5 Jan 2023RentedRenewal
AED 105,000/yr12 months · AED 70 per sqft
5 Jan 2022RentedRenewal
AED 95,000/yr12 months · AED 63 per sqft
3 Jan 2021RentedRenewal
AED 87,000/yr12 months · AED 58 per sqft
3 Jan 2020RentedRenewal
AED 100,000/yr12 months · AED 67 per sqft
3 Jan 2019RentedNew contract
AED 105,000/yr12 months · AED 70 per sqft
20 Dec 2018Sold by developerReady
AED 1,600,000AED 1,071 per sqft

Source: Dubai Land Department. Updated 19 June 2024.

Key facts

Type
2-bed apartment
Size
1,493 sqft
Floor
2nd of 4
Parking
G-11
Developer
IGO Property Development
Completed
2017
Service charge
AED 21,000 /yr
Last sold
AED 2M · June 2024

About 207, The Polo Residences B5

207 is a two-bedroom apartment of 1,493 sqft on the 2nd floor of The Polo Residences B5, a 4-storey tower in Meydan City completed in 2017 by IGO Property Development. It last sold on 19 June 2024 for AED 2,000,000, or AED 1,339 per sqft.

It has been rented continuously since 2019 on 6 Ejari contracts. The current contract, signed on 10 January 2024, is AED 105,149 a year: a gross yield of 5.3% on the 2024 price, before the service charge of about AED 21,000 a year.

Sales and rents for 207 over time

Sales
Unit 207, 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, December 2018: AED 1,600,000 (AED 1,071 per sqft)Sold, June 2024: AED 2,000,000 (AED 1,339 per sqft)

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

Rents
Unit 207, 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, January 2019: AED 105,000 a yearRenewal, January 2020: AED 100,000 a yearRenewal, January 2021: AED 87,000 a yearRenewal, January 2022: AED 95,000 a yearRenewal, January 2023: AED 105,000 a yearNew contract, January 2024: AED 105,149 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 207 sits

All 14 2-beds →

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. 207's AED 105,149 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 2nd floor

All 30 units in The Polo Residences B5
Value
2011-bedAED 956K · Jun 2017
2022-bedAED 1.68M · Jan 2018
2032-bedAED 2.1M · Aug 2024
2041-bedAED 1.17M · Feb 2017
2051-bedAED 950K · Aug 2018
2061-bedAED 1.15M · May 2017
2082-bedAED 2.1M · Sep 2026
1–7 of 8

207, The Polo Residences B5 in numbers

  • Sold twice: first on 20 December 2018 for AED 1,600,000, last on 19 June 2024 for AED 2,000,000 (AED 1,339 per sqft).
  • Rented since January 2019 on 6 Ejari contracts. The rent fell from AED 105,000 to AED 87,000 in 2021 and recovered to AED 105,149 by January 2024.
  • At AED 105,149 a year the gross yield on the 2024 price is 5.3%, before a service charge of about AED 21,000 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 19 June 2024.

Questions about 207, The Polo Residences B5

What did unit 207 last sell for?

AED 2,000,000 on 19 June 2024: AED 1,339 per sqft for 1,493 sqft. The unit has 2 registered sales; the first was AED 1,600,000 in December 2018.

What is the rent for unit 207?

AED 105,149 a year on the contract signed on 10 January 2024. The previous contract, from January 2023, was AED 105,000; the unit has been rented since January 2019.

How big is unit 207?

1,493 sqft (138.7 sqm): a two-bedroom apartment on the 2nd floor of a 4-storey tower completed in 2017.

What is unit 207 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 207, The Polo Residences B5

Starts from the last sale price (AED 2M, 19 June 2024). Switch to today's estimate once you have unlocked it.
Price
AED 2,000,000
Deposit, UAE resident (20%)
AED 400,000
Deposit, non-resident (40%)
AED 800,000
Monthly over 25 years at 3.7%
AED 8,183

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