402, The Polo Residences B5
Sold prices and rental history: sold once, by the developer in September 2019, and rented once, from September 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 402, The Polo Residences B5
What is 402 worth today?
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Source: Dubai Land Department. Updated 1 September 2020.
Key facts
- Type
- 2-bed apartment
- Size
- 2,635 sqft
- Floor
- 4th of 4
- Parking
- G-03
- Developer
- IGO Property Development
- Completed
- 2017
- Service charge
- AED 37,000 /yr
- Last sold
- AED 1.6M · September 2019
- Building
- The Polo Residences B5
About 402, The Polo Residences B5
402 is a two-bedroom apartment of 2,635 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 15 September 2019 for AED 1,600,000, or AED 607 per sqft, 22% below the AED 781 two-beds in the building were fetching at the time.
One Ejari contract is registered, from 1 September 2020. The current contract, signed on 1 September 2020, is AED 150,000 a year: a gross yield of 9.4% on the 2019 price, before the service charge of about AED 37,000 a year.
Sales and rents for 402 over time
402 has sold once; the dashed line is the two-bed median of each year in the building.
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 402 sits
All 14 2-beds →402 last sold in September 2019 at AED 607 per sqft, 22% below what two-beds in The Polo Residences B5 were fetching at the time (AED 781). Over the last 12 months two-beds sold for AED 2,100,000 to 2,600,000, around AED 1,498 per sqft, and rent for AED 135,000 to 205,000 a year. 402's AED 150,000 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 6 Nov 20266 November 2026 | 1,535 sqft | 2,300,000 | 1,498 | ||
| 11 Sep 202611 September 2026 | 1,535 sqft | 2,100,000 | 1,368 | ||
| 14 Dec 202514 December 2025 | 1,534 sqft | 2,600,000 | 1,694 | ||
| 16 Dec 202416 December 2024 | 1,534 sqft | 2,200,000 | 1,434 |
The Polo Residences B5
Building30 apartments, 1-bed to 3-bed over 4 floors in Meydan City, completed in 2017 by IGO Property Development. 5 sold in the last 12 months.
- Typical price per sqft
- AED 1,694
- Typical sale
- AED 2.1M
- Typical rent
- AED 98K /yr
- Typical yield
- 5.6%
Other units on the 4th floor
All 30 units in The Polo Residences B5402, The Polo Residences B5 in numbers
- Sold once: by IGO Property Development on 15 September 2019 for AED 1,600,000, or AED 607 per sqft.
- Rented since September 2020 on one Ejari contract, at AED 150,000 a year.
- At AED 150,000 a year the gross yield on the 2019 price is 9.4%, before a service charge of about AED 37,000 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 1,694 per sqft.
Source: Dubai Land Department. Updated 1 September 2020.
Questions about 402, The Polo Residences B5
What did unit 402 last sell for?
AED 1,600,000 on 15 September 2019, sold by the developer: AED 607 per sqft for 2,635 sqft. It is the only registered sale of the unit.
What is the rent for unit 402?
AED 150,000 a year on the contract signed on 1 September 2020.
How big is unit 402?
2,635 sqft (244.8 sqm): a two-bedroom apartment on the 4th floor of a 4-storey tower completed in 2017.
What is unit 402 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 1,498 per sqft.
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Mortgage on 402, The Polo Residences B5
Starts from the last sale price (AED 1.6M, 15 September 2019). Switch to today's estimate once you have unlocked it.- Price
- AED 1,600,000
- Deposit, UAE resident (20%)
- AED 320,000
- Deposit, non-resident (40%)
- AED 640,000
- Monthly over 25 years at 3.7%
- AED 6,546
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →