401, The Polo Residences B5
Sold prices and rental history: sold once, by the developer in November 2022, and rented since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 401, The Polo Residences B5
What is 401 worth today?
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Source: Dubai Land Department. Updated 15 June 2024.
Key facts
- Type
- 3-bed apartment
- Size
- 4,858 sqft
- Floor
- 4th of 4
- Parking
- G-01,G-02
- Developer
- IGO Property Development
- Completed
- 2017
- Service charge
- AED 68,300 /yr
- Last sold
- AED 4.8M · November 2022
- Building
- The Polo Residences B5
About 401, The Polo Residences B5
401 is a three-bedroom apartment of 4,858 sqft on the 4th 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 28 November 2022 for AED 4,800,000, or AED 988 per sqft.
It has been rented since 2017 on 3 Ejari contracts. The current contract, signed on 15 June 2024, is AED 340,000 a year: a gross yield of 7.1% on the 2022 price, before the service charge of about AED 68,300 a year.
3-beds in The Polo Residences B5, and where 401 sits
All 1 3-beds →The Polo Residences B5
Building30 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%
Other units on the 4th floor
All 30 units in The Polo Residences B5401, The Polo Residences B5 in numbers
- Sold once: by IGO Property Development on 28 November 2022 for AED 4,800,000, or AED 988 per sqft.
- Rented since September 2017 on 3 Ejari contracts. The rent fell from AED 150,000 to AED 100,000 in 2022 and recovered to AED 340,000 by June 2024.
- At AED 340,000 a year the gross yield on the 2022 price is 7.1%, before a service charge of about AED 68,300 a year (AED 14.05 per sqft).
Source: Dubai Land Department. Updated 15 June 2024.
Questions about 401, The Polo Residences B5
What did unit 401 last sell for?
AED 4,800,000 on 28 November 2022, sold by the developer: AED 988 per sqft for 4,858 sqft. It is the only registered sale of the unit.
What is the rent for unit 401?
AED 340,000 a year on the contract signed on 15 June 2024. The previous contract, from September 2022, was AED 100,000; the unit has been rented since September 2017.
How big is unit 401?
4,858 sqft (451.3 sqm): a three-bedroom apartment on the 4th floor of a 4-storey tower completed in 2017.
What is unit 401 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 401, The Polo Residences B5
Starts from the last sale price (AED 4.8M, 28 November 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 4,800,000
- Deposit, UAE resident (20%)
- AED 960,000
- Deposit, non-resident (40%)
- AED 1,920,000
- Monthly over 25 years at 3.7%
- AED 19,638
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →