2-bed · 2,628 sqftThe Polo Residences C5, Meydan City · 4th floor · completed 2017

403, The Polo Residences C5

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

Unit 403 · DLD and Ejari recordsUpdated 29 February 2024
Last soldAED 2.82M29 February 2024
Current rentAED 133K /yr15 December 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 403, The Polo Residences C5

What is 403 worth today?

Last sold for AED 2,823,000 in 2024

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29 Feb 2024SoldReady
AED 2,823,000AED 1,074 per sqft
15 Dec 2023RentedRenewal
AED 132,825/yr12 months · AED 51 per sqft
15 Dec 2022RentedRenewal
AED 120,750/yr12 months · AED 46 per sqft
15 Dec 2021RentedRenewal
AED 115,000/yr12 months · AED 44 per sqft
15 Nov 2020RentedNew contract
AED 115,000/yr13 months · AED 44 per sqft
16 Jan 2020RentedRenewal
AED 140,000/yr12 months · AED 53 per sqft
16 Jan 2019RentedRenewal
AED 140,000/yr12 months · AED 53 per sqft
16 Jan 2018RentedNew contract
AED 140,000/yr12 months · AED 53 per sqft

Source: Dubai Land Department. Updated 29 February 2024.

Key facts

Type
2-bed apartment
Size
2,628 sqft
Floor
4th of 4
Parking
G-02
Developer
IGO Property Development
Completed
2017
Service charge
AED 38,100 /yr
Last sold
AED 2.82M · February 2024

About 403, The Polo Residences C5

403 is a two-bedroom apartment of 2,628 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 29 February 2024 for AED 2,823,000, or AED 1,074 per sqft, 18% below the AED 1,315 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 December 2023, is AED 132,825 a year: a gross yield of 4.7% on the 2024 price, before the service charge of about AED 38,100 a year.

Sales and rents for 403 over time

Sales
Unit 403, each saleTypical two-bed in The Polo Residences C5
2M2.5M3M20172019202120232025Typical sale price by year: 2017 AED 1,834,299; 2024 AED 2,178,620Sold by developer, March 2017: AED 2,478,561 (AED 943 per sqft)Sold, February 2024: AED 2,823,000 (AED 1,074 per sqft)

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

Rents
Unit 403, each contractTypical two-bed in The Polo Residences C5
100K150K2017202020232026Typical 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, January 2018: AED 140,000 a yearRenewal, January 2019: AED 140,000 a yearRenewal, January 2020: AED 140,000 a yearNew contract, November 2020: AED 115,000 a yearRenewal, December 2021: AED 115,000 a yearRenewal, December 2022: AED 120,750 a yearRenewal, December 2023: AED 132,825 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 403 sits

All 16 2-beds →

403 last sold in February 2024 at AED 1,074 per sqft, 18% below what two-beds in The Polo Residences C5 were fetching at the time (AED 1,315). 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
5 Jun 20242,600,000
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
4022-bedAED 2.6M · Jun 2024
4042-bedAED 4.7M · Mar 2026

403, The Polo Residences C5 in numbers

  • Sold twice: first on 9 March 2017 for AED 2,478,561, last on 29 February 2024 for AED 2,823,000 (AED 1,074 per sqft).
  • Rented since January 2018 on 7 Ejari contracts. The rent fell from AED 140,000 to AED 115,000 in 2021 and recovered to AED 132,825 by December 2023.
  • At AED 132,825 a year the gross yield on the 2024 price is 4.7%, before a service charge of about AED 38,100 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 29 February 2024.

Questions about 403, The Polo Residences C5

What did unit 403 last sell for?

AED 2,823,000 on 29 February 2024: AED 1,074 per sqft for 2,628 sqft. The unit has 2 registered sales; the first was AED 2,478,561 in March 2017.

What is the rent for unit 403?

AED 132,825 a year on the contract renewed on 15 December 2023. The previous contract, from December 2022, was AED 120,750; the unit has been rented since January 2018.

How big is unit 403?

2,628 sqft (244.1 sqm): a two-bedroom apartment on the 4th floor of a 4-storey tower completed in 2017.

What is unit 403 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 403, The Polo Residences C5

Starts from the last sale price (AED 2.82M, 29 February 2024). Switch to today's estimate once you have unlocked it.
Price
AED 2,823,000
Deposit, UAE resident (20%)
AED 564,600
Deposit, non-resident (40%)
AED 1,129,200
Monthly over 25 years at 3.7%
AED 11,550

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