2-bed · 2,219 sqftThe Polo Residences E3, Meydan City · 4th floor · completed 2017

401, The Polo Residences E3

Sold prices and rental history: sold once, by the developer in November 2019, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 401 · DLD and Ejari recordsUpdated 10 November 2019
Last soldAED 850K10 November 2019
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 401, The Polo Residences E3

What is 401 worth today?

Last sold for AED 850,000 in 2019

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

10 Nov 2019Sold by developerReady · flagged as an outlier
AED 850,000AED 383 per sqft

Source: Dubai Land Department. Updated 10 November 2019.

Key facts

Type
2-bed apartment
Size
2,219 sqft
Floor
4th of 4
Parking
G-04
Developer
IGO Property Development
Completed
2017
Service charge
AED 42,200 /yr
Last sold
AED 850K · November 2019

About 401, The Polo Residences E3

401 is a two-bedroom apartment of 2,219 sqft on the 4th floor of The Polo Residences E3, a 4-storey tower in Meydan City completed in 2017 by IGO Property Development. The developer sold it on 10 November 2019 for AED 850,000, or AED 383 per sqft, 55% below the AED 850 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 401 over time

Sales
Unit 401, each saleTypical two-bed in The Polo Residences E3
1.5M1.75M2M2014201720202023Typical sale price by year: 2014 AED 1,639,375; 2015 AED 1,639,375; 2022 AED 1,500,000; 2023 AED 1,950,000

No registered sale of 401; 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 E3
100K150K2017202020232026Typical rent by year: 2017 AED 115,000; 2018 AED 105,000; 2019 AED 94,000; 2020 AED 85,000; 2021 AED 88,000; 2022 AED 110,000; 2023 AED 110,000; 2024 AED 123,000; 2025 AED 157,000; 2026 AED 145,000

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 E3, and where 401 sits

All 16 2-beds →

401 last sold in November 2019 at AED 383 per sqft, 55% below what two-beds in The Polo Residences E3 were fetching at the time (AED 850). Over the last 12 months two-beds sold for AED 2,550,000, around AED 1,662 per sqft, and rent for AED 125,000 to 170,000 a year.

Recent 2-bed salesUnit no.Price (AED)Summary
7 Jan 20262,550,000
28 Oct 20252,600,000
16 Jan 20252,250,000
24 Nov 20232,025,000
1 2-bed sale in the last 12 months

The Polo Residences E3

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 1,593
Typical sale
AED 1.9M
Typical rent
AED 113K /yr
Typical yield
5.6%
The Polo Residences E3, Meydan City: prices, sales and rents →

Other units on the 4th floor

All 31 units in The Polo Residences E3
Value
4022-bedAED 2.25M · Jun 2019
4032-bedAED 2.07M · Jan 2015
4042-bedAED 1.7M · Jun 2021

401, The Polo Residences E3 in numbers

  • Sold once: by IGO Property Development on 10 November 2019 for AED 850,000, or AED 383 per sqft.
  • Two-beds in The Polo Residences E3 sold for AED 2,550,000–2,550,000 in the 12 months to November 2026; the building's median across all types is AED 1,593 per sqft.

Source: Dubai Land Department. Updated 10 November 2019.

Questions about 401, The Polo Residences E3

What did unit 401 last sell for?

AED 850,000 on 10 November 2019, sold by the developer: AED 383 per sqft for 2,219 sqft. It is the only registered sale of the unit.

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. Two-beds in The Polo Residences E3 sold for AED 2,550,000 to 2,550,000 in the last 12 months, around AED 1,662 per sqft.

Selling 401? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 401, The Polo Residences E3

Starts from the last sale price (AED 850K, 10 November 2019). Switch to today's estimate once you have unlocked it.
Price
AED 850,000
Deposit, UAE resident (20%)
AED 170,000
Deposit, non-resident (40%)
AED 340,000
Monthly over 25 years at 3.7%
AED 3,478

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