402, The Polo Residences D5
Sold prices and rental history: sold twice, last in August 2023, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 402, The Polo Residences D5
What is 402 worth today?
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Source: Dubai Land Department. Updated 23 August 2023.
Key facts
- Type
- 3-bed apartment
- Size
- 4,124 sqft
- Floor
- 4th of 4
- Parking
- G-03 , G-04
- Developer
- IGO Property Development
- Completed
- 2017
- Service charge
- AED 58,600 /yr
- Last sold
- AED 3.6M · August 2023
- Building
- The Polo Residences D5
About 402, The Polo Residences D5
402 is a three-bedroom apartment of 4,124 sqft on the 4th floor of The Polo Residences D5, a 4-storey tower in Meydan City completed in 2017 by IGO Property Development. It last sold on 23 August 2023 for AED 3,600,000, or AED 872 per sqft, 13% below the AED 999 three-beds in the building were fetching at the time.
It has been rented continuously since 2017 on 6 Ejari contracts. The current contract, renewed on 1 August 2022, is AED 131,250 a year: a gross yield of 3.6% on the 2023 price, before the service charge of about AED 58,600 a year.
Sales and rents for 402 over time
Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.
3-beds in The Polo Residences D5, and where 402 sits
All 3 3-beds →402 last sold in August 2023 at AED 872 per sqft, 13% below what three-beds in The Polo Residences D5 were fetching at the time (AED 999).
| Recent 3-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 26 Jan 202326 January 2023 | 2,801 sqft | 2,800,000 | 999 | ||
| 4 Oct 20224 October 2022 | 2,802 sqft | 3,000,000 | 1,070 | ||
| 12 Feb 201712 February 2017 | 2,802 sqft | 3,035,392 | 1,083 | ||
| 9 Mar 20169 March 2016 | 2,801 sqft | 2,963,329 | 1,057 |
The Polo Residences D5
Building30 apartments, 1-bed to 3-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 75
- Typical sale
- AED 62K
- Typical rent
- AED 75K /yr
- Typical yield
- 118.9%
Other units on the 4th floor
All 30 units in The Polo Residences D5402, The Polo Residences D5 in numbers
- Sold twice: first on 17 May 2016 for AED 3,788,915, last on 23 August 2023 for AED 3,600,000 (AED 872 per sqft).
- Rented since November 2017 on 6 Ejari contracts, from AED 210,000 to AED 131,250 a year.
- At AED 131,250 a year the gross yield on the 2023 price is 3.6%, before a service charge of about AED 58,600 a year (AED 14.21 per sqft).
Source: Dubai Land Department. Updated 23 August 2023.
Questions about 402, The Polo Residences D5
What did unit 402 last sell for?
AED 3,600,000 on 23 August 2023: AED 872 per sqft for 4,124 sqft. The unit has 2 registered sales; the first was AED 3,788,915 in May 2016.
What is the rent for unit 402?
AED 131,250 a year on the contract renewed on 1 August 2022. The previous contract, from August 2021, was AED 125,000; the unit has been rented since November 2017.
How big is unit 402?
4,124 sqft (383.1 sqm): a three-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.
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Mortgage on 402, The Polo Residences D5
Starts from the last sale price (AED 3.6M, 23 August 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 3,600,000
- Deposit, UAE resident (20%)
- AED 720,000
- Deposit, non-resident (40%)
- AED 1,440,000
- Monthly over 25 years at 3.7%
- AED 14,729
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →