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

404, The Polo Residences C7

Sold prices and rental history: sold twice, last in April 2022, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 404 · DLD and Ejari recordsUpdated 14 April 2022
Last soldAED 1.85M14 April 2022
Current rentAED 130K /yr1 July 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 404, The Polo Residences C7

What is 404 worth today?

Last sold for AED 1,850,000 in 2022

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14 Apr 2022SoldReady
AED 1,850,000AED 833 per sqft
1 Jul 2021RentedRenewal
AED 130,000/yr12 months · AED 59 per sqft
1 Jul 2020RentedNew contract
AED 130,000/yr12 months · AED 59 per sqft
28 Aug 2017Sold by developerReady
AED 2,325,000AED 1,047 per sqft

Source: Dubai Land Department. Updated 14 April 2022.

Key facts

Type
2-bed apartment
Size
2,219 sqft
Floor
4th of 4
Parking
G-02
Developer
IGO Property Development
Completed
2017
Service charge
AED 35,700 /yr
Last sold
AED 1.85M · April 2022

About 404, The Polo Residences C7

404 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 14 April 2022 for AED 1,850,000, or AED 833 per sqft, in line with the AED 833 two-beds in the building were fetching at the time.

It has been rented since 2020 on 2 Ejari contracts. The current contract, renewed on 1 July 2021, is AED 130,000 a year: a gross yield of 7.0% on the 2022 price, before the service charge of about AED 35,700 a year.

Sales and rents for 404 over time

Sales
Unit 404, each saleTypical two-bed in The Polo Residences C7
1.75M2M2.25M20152017201920212023Typical sale price by year: 2015 AED 1,834,319; 2017 AED 1,775,000; 2022 AED 1,850,000Sold by developer, August 2017: AED 2,325,000 (AED 1,047 per sqft)Sold, April 2022: AED 1,850,000 (AED 833 per sqft)

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

Rents
Unit 404, 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 2020: AED 130,000 a yearRenewal, July 2021: AED 130,000 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 404 sits

All 16 2-beds →

404 last sold in April 2022 at AED 833 per sqft, in line with what two-beds in The Polo Residences C7 were fetching at the time (AED 833). 404's AED 130,000 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
1 Mar 20232,050,000
25 May 20221,550,000
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
4012-bedAED 2.05M · Mar 2023
4022-bedAED 2.53M · Dec 2014
4032-bedAED 2.2M · Mar 2022

404, The Polo Residences C7 in numbers

  • Sold twice: first on 28 August 2017 for AED 2,325,000, last on 14 April 2022 for AED 1,850,000 (AED 833 per sqft).
  • Rented since July 2020 on 2 Ejari contracts, at AED 130,000 a year.
  • At AED 130,000 a year the gross yield on the 2022 price is 7.0%, before a service charge of about AED 35,700 a year (AED 16.11 per sqft).

Source: Dubai Land Department. Updated 14 April 2022.

Questions about 404, The Polo Residences C7

What did unit 404 last sell for?

AED 1,850,000 on 14 April 2022: AED 833 per sqft for 2,219 sqft. The unit has 2 registered sales; the first was AED 2,325,000 in August 2017.

What is the rent for unit 404?

AED 130,000 a year on the contract renewed on 1 July 2021. The previous contract, from July 2020, was AED 130,000.

How big is unit 404?

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 404 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 404, The Polo Residences C7

Starts from the last sale price (AED 1.85M, 14 April 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,850,000
Deposit, UAE resident (20%)
AED 370,000
Deposit, non-resident (40%)
AED 740,000
Monthly over 25 years at 3.7%
AED 7,569

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