2-bed · 2,635 sqftThe Polo Residences E2, Meydan City · 4th floor · completed 2017

402, The Polo Residences E2

Sold prices and rental history: sold twice, last in June 2024, and rented once, from August 2020. 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 2.75M5 June 2024
Current rentAED 90K /yr25 August 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 402, The Polo Residences E2

What is 402 worth today?

Last sold for AED 2,750,000 in 2024

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5 Jun 2024SoldReady
AED 2,750,000AED 1,043 per sqft
25 Aug 2020RentedNew contract
AED 90,000/yr12 months · AED 34 per sqft
27 Nov 2019Sold by developerReady
AED 1,449,269AED 550 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,G-26
Developer
IGO Property Development
Completed
2017
Service charge
AED 55,300 /yr
Last sold
AED 2.75M · June 2024

About 402, The Polo Residences E2

402 is a two-bedroom apartment of 2,635 sqft on the 4th floor of The Polo Residences E2, a 4-storey tower in Meydan City completed in 2017 by IGO Property Development. It last sold on 5 June 2024 for AED 2,750,000, or AED 1,043 per sqft.

One Ejari contract is registered, from 25 August 2020. The current contract, signed on 25 August 2020, is AED 90,000 a year: a gross yield of 3.3% on the 2024 price, before the service charge of about AED 55,300 a year.

Sales and rents for 402 over time

Sales
Unit 402, each saleTypical two-bed in The Polo Residences E2
1M2M3M2014201720202023Typical sale price by year: 2014 AED 1,639,375; 2015 AED 1,639,375; 2018 AED 1,750,000; 2019 AED 1,449,269; 2021 AED 1,225,000; 2022 AED 1,500,000Sold by developer, November 2019: AED 1,449,269 (AED 550 per sqft)Sold, June 2024: AED 2,750,000 (AED 1,043 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 E2
100K150K2017202020232026Typical rent by year: 2017 AED 115,000; 2018 AED 105,000; 2019 AED 95,630; 2020 AED 86,044; 2021 AED 85,000; 2022 AED 89,000; 2023 AED 96,000; 2024 AED 111,550; 2025 AED 160,000New contract, August 2020: AED 90,000 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 E2, and where 402 sits

All 16 2-beds →

Over the last 12 months two-beds sold for AED 2,600,000, around AED 1,694 per sqft, and rent for AED 155,000 to 180,000 a year. 402's AED 90,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
18 Feb 20262,600,000
5 Aug 20252,525,000
29 Jul 20242,200,000
22 Aug 20231,800,000
1 2-bed sale in the last 12 months

The Polo Residences E2

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 1,694
Typical sale
AED 2.6M
Typical rent
AED 83K /yr
Typical yield
6.0%
The Polo Residences E2, Meydan City: prices, sales and rents →

Other units on the 4th floor

All 31 units in The Polo Residences E2
Value
4012-bedAED 854K · Nov 2018
4032-bedAED 2.05M · May 2022
4042-bedAED 1.3M · Apr 2022

402, The Polo Residences E2 in numbers

  • Sold twice: first on 27 November 2019 for AED 1,449,269, last on 5 June 2024 for AED 2,750,000 (AED 1,043 per sqft).
  • Rented since August 2020 on one Ejari contract, at AED 90,000 a year.
  • At AED 90,000 a year the gross yield on the 2024 price is 3.3%, before a service charge of about AED 55,300 a year (AED 21.00 per sqft).
  • Two-beds in The Polo Residences E2 sold for AED 2,600,000–2,600,000 in the 12 months to November 2026; the building's median across all types is AED 1,694 per sqft.

Source: Dubai Land Department. Updated 5 June 2024.

Questions about 402, The Polo Residences E2

What did unit 402 last sell for?

AED 2,750,000 on 5 June 2024: AED 1,043 per sqft for 2,635 sqft. The unit has 2 registered sales; the first was AED 1,449,269 in November 2019.

What is the rent for unit 402?

AED 90,000 a year on the contract signed on 25 August 2020.

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 E2 sold for AED 2,600,000 to 2,600,000 in the last 12 months, around AED 1,694 per sqft.

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Mortgage on 402, The Polo Residences E2

Starts from the last sale price (AED 2.75M, 5 June 2024). Switch to today's estimate once you have unlocked it.
Price
AED 2,750,000
Deposit, UAE resident (20%)
AED 550,000
Deposit, non-resident (40%)
AED 1,100,000
Monthly over 25 years at 3.7%
AED 11,251

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