2-bed · 2,219 sqftThe Polo Residences C7, Meydan City · 4th floor · completed 2017

401, The Polo Residences C7

Sold prices and rental history: sold twice, last in March 2023, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 401 · DLD and Ejari recordsUpdated 1 March 2023
Last soldAED 2.05M1 March 2023
Current rentAED 109K /yr10 October 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 401, The Polo Residences C7

What is 401 worth today?

Last sold for AED 2,050,000 in 2023

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1 Mar 2023SoldReady
AED 2,050,000AED 923 per sqft
10 Oct 2022RentedRenewal
AED 108,990/yr5 months · AED 49 per sqft
10 Oct 2021RentedRenewal
AED 110,000/yr12 months · AED 50 per sqft
10 Oct 2020RentedRenewal
AED 110,000/yr12 months · AED 50 per sqft
10 Oct 2019RentedNew contract
AED 120,000/yr12 months · AED 54 per sqft
18 Jul 2018RentedNew contract
AED 125,000/yr12 months · AED 56 per sqft
5 Oct 2017Sold by developerReady
AED 2,175,000AED 980 per sqft

Source: Dubai Land Department. Updated 1 March 2023.

Key facts

Type
2-bed apartment
Size
2,219 sqft
Floor
4th of 4
Parking
G-05
Developer
IGO Property Development
Completed
2017
Service charge
AED 35,700 /yr
Last sold
AED 2.05M · March 2023

About 401, The Polo Residences C7

401 is a two-bedroom apartment of 2,219 sqft on the 4th floor of The Polo Residences C7, a 4-storey tower in Meydan City completed in 2017 by IGO Property Development. It last sold on 1 March 2023 for AED 2,050,000, or AED 923 per sqft, 5% above the AED 880 two-beds in the building were fetching at the time.

It has been rented continuously since 2018 on 5 Ejari contracts. The current contract, renewed on 10 October 2022, is AED 108,990 a year: a gross yield of 5.3% on the 2023 price, before the service charge of about AED 35,700 a year.

Sales and rents for 401 over time

Sales
Unit 401, each saleTypical two-bed in The Polo Residences C7
1.8M2M2.2M201520182021Typical sale price by year: 2015 AED 1,834,319; 2017 AED 1,775,000; 2022 AED 1,850,000Sold by developer, October 2017: AED 2,175,000 (AED 980 per sqft)Sold, March 2023: AED 2,050,000 (AED 923 per sqft)

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

Rents
Unit 401, each contractTypical two-bed in The Polo Residences C7
100K125K150K2017202020232026Typical rent by year: 2017 AED 125,000; 2018 AED 122,500; 2019 AED 107,500; 2020 AED 95,000; 2021 AED 100,000; 2022 AED 107,000; 2023 AED 110,000; 2024 AED 150,000; 2025 AED 138,250; 2026 AED 148,500New contract, July 2018: AED 125,000 a yearNew contract, October 2019: AED 120,000 a yearRenewal, October 2020: AED 110,000 a yearRenewal, October 2021: AED 110,000 a yearRenewal, October 2022: AED 108,990 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 C7, and where 401 sits

All 16 2-beds →

401 last sold in March 2023 at AED 923 per sqft, 5% above what two-beds in The Polo Residences C7 were fetching at the time (AED 880). 401's AED 108,990 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
30 Jul 20252,550,000
14 Sep 20232,100,000
25 May 20221,550,000
14 Apr 20221,850,000
0 2-bed sales in the last 12 months

The Polo Residences C7

Building

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

Typical price per sqft
AED 1,632
Typical sale
AED 1.41M
Typical rent
AED 147K /yr
Typical yield
6.0%
The Polo Residences C7, Meydan City: prices, sales and rents →

Other units on the 4th floor

All 31 units in The Polo Residences C7
Value
4022-bedAED 2.53M · Dec 2014
4032-bedAED 2.2M · Mar 2022
4042-bedAED 1.85M · Apr 2022

401, The Polo Residences C7 in numbers

  • Sold twice: first on 5 October 2017 for AED 2,175,000, last on 1 March 2023 for AED 2,050,000 (AED 923 per sqft).
  • Rented since July 2018 on 5 Ejari contracts, from AED 125,000 to AED 108,990 a year.
  • At AED 108,990 a year the gross yield on the 2023 price is 5.3%, before a service charge of about AED 35,700 a year (AED 16.11 per sqft).

Source: Dubai Land Department. Updated 1 March 2023.

Questions about 401, The Polo Residences C7

What did unit 401 last sell for?

AED 2,050,000 on 1 March 2023: AED 923 per sqft for 2,219 sqft. The unit has 2 registered sales; the first was AED 2,175,000 in October 2017.

What is the rent for unit 401?

AED 108,990 a year on the contract renewed on 10 October 2022. The previous contract, from October 2021, was AED 110,000; the unit has been rented since July 2018.

How big is unit 401?

2,219 sqft (206.2 sqm): a two-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 C7

Starts from the last sale price (AED 2.05M, 1 March 2023). Switch to today's estimate once you have unlocked it.
Price
AED 2,050,000
Deposit, UAE resident (20%)
AED 410,000
Deposit, non-resident (40%)
AED 820,000
Monthly over 25 years at 3.7%
AED 8,387

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