2-bed · 2,635 sqftThe Polo Residences C5, Meydan City · 4th floor · completed 2017

402, The Polo Residences C5

Sold prices and rental history: sold twice, last in June 2024, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 402 · DLD and Ejari recordsUpdated 5 June 2024
Last soldAED 2.6M5 June 2024
Current rentAED 61K /yr15 April 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 402, The Polo Residences C5

What is 402 worth today?

Last sold for AED 2,600,000 in 2024

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5 Jun 2024SoldReady
AED 2,600,000AED 986 per sqft
15 Apr 2023RentedRenewal
AED 61,425/yr12 months · AED 23 per sqft
15 Oct 2022RentedRenewal
AED 122,850/yr6 months · AED 47 per sqft
15 Sep 2021RentedRenewal
AED 117,000/yr13 months · AED 44 per sqft
15 Sep 2020RentedRenewal
AED 117,000/yr12 months · AED 44 per sqft
15 Sep 2019RentedRenewal
AED 120,000/yr12 months · AED 46 per sqft
15 Jun 2019RentedRenewal
AED 125,000/yr3 months · AED 47 per sqft
15 Jun 2018RentedNew contract
AED 125,000/yr12 months · AED 47 per sqft

Source: Dubai Land Department. Updated 5 June 2024.

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 38,200 /yr
Last sold
AED 2.6M · June 2024

About 402, The Polo Residences C5

402 is a two-bedroom apartment of 2,635 sqft on the 4th floor of The Polo Residences C5, a 4-storey tower in Meydan City completed in 2017 by IGO Property Development. It last sold on 5 June 2024 for AED 2,600,000, or AED 986 per sqft, 23% below the AED 1,277 two-beds in the building were fetching at the time.

It has been rented continuously since 2018 on 7 Ejari contracts. The current contract, renewed on 15 April 2023, is AED 61,425 a year: a gross yield of 2.4% on the 2024 price, before the service charge of about AED 38,200 a year.

Sales and rents for 402 over time

Sales
Unit 402, each saleTypical two-bed in The Polo Residences C5
2M2.5M20172019202120232025Typical sale price by year: 2017 AED 1,834,299; 2024 AED 2,178,620Sold by developer, March 2017: AED 2,482,407 (AED 942 per sqft)Sold, June 2024: AED 2,600,000 (AED 986 per sqft)

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

Rents
Unit 402, each contractTypical two-bed in The Polo Residences C5
50K100K150K2017202020232026Typical rent by year: 2017 AED 122,500; 2018 AED 117,179; 2019 AED 104,000; 2020 AED 97,002; 2021 AED 89,500; 2022 AED 92,250; 2023 AED 111,825; 2024 AED 120,000; 2025 AED 158,500New contract, June 2018: AED 125,000 a yearRenewal, June 2019: AED 125,000 a yearRenewal, September 2019: AED 120,000 a yearRenewal, September 2020: AED 117,000 a yearRenewal, September 2021: AED 117,000 a yearRenewal, October 2022: AED 122,850 a yearRenewal, April 2023: AED 61,425 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 C5, and where 402 sits

All 16 2-beds →

402 last sold in June 2024 at AED 986 per sqft, 23% below what two-beds in The Polo Residences C5 were fetching at the time (AED 1,277). Over the last 12 months two-beds sold for AED 4,700,000, around AED 2,118 per sqft, and rent for AED 118,648 to 155,000 a year.

Recent 2-bed salesUnit no.Price (AED)Summary
10 Mar 20264,700,000
2 Oct 20252,450,000
5 Aug 20252,600,000
4 Jun 20242,193,240
1 2-bed sale in the last 12 months

The Polo Residences C5

Building

31 apartments, 1-bed to 2-bed over 4 floors in Meydan City, completed in 2017 by IGO Property Development. 1 sold in the last 12 months.

Typical price per sqft
AED 2,118
Typical sale
AED 4.7M
Typical rent
AED 90K /yr
Typical yield
4.3%
The Polo Residences C5, Meydan City: prices, sales and rents →

Other units on the 4th floor

All 31 units in The Polo Residences C5
Value
4012-bedAED 2.45M · Mar 2024
4032-bedAED 2.82M · Feb 2024
4042-bedAED 4.7M · Mar 2026

402, The Polo Residences C5 in numbers

  • Sold twice: first on 9 March 2017 for AED 2,482,407, last on 5 June 2024 for AED 2,600,000 (AED 986 per sqft).
  • Rented since June 2018 on 7 Ejari contracts, from AED 125,000 to AED 61,425 a year.
  • At AED 61,425 a year the gross yield on the 2024 price is 2.4%, before a service charge of about AED 38,200 a year (AED 14.49 per sqft).
  • Two-beds in The Polo Residences C5 sold for AED 4,700,000–4,700,000 in the 12 months to November 2026; the building's median across all types is AED 2,118 per sqft.

Source: Dubai Land Department. Updated 5 June 2024.

Questions about 402, The Polo Residences C5

What did unit 402 last sell for?

AED 2,600,000 on 5 June 2024: AED 986 per sqft for 2,635 sqft. The unit has 2 registered sales; the first was AED 2,482,407 in March 2017.

What is the rent for unit 402?

AED 61,425 a year on the contract renewed on 15 April 2023. The previous contract, from October 2022, was AED 122,850; the unit has been rented since June 2018.

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 C5 sold for AED 4,700,000 to 4,700,000 in the last 12 months, around AED 2,118 per sqft.

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Mortgage on 402, The Polo Residences C5

Starts from the last sale price (AED 2.6M, 5 June 2024). Switch to today's estimate once you have unlocked it.
Price
AED 2,600,000
Deposit, UAE resident (20%)
AED 520,000
Deposit, non-resident (40%)
AED 1,040,000
Monthly over 25 years at 3.7%
AED 10,637

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