6-bed · 8,152 sqftPolo Homes, Arabian Ranches · completed 2011

V023, Polo Homes

Sold prices and rental history: sold once, by the developer in May 2015, and rented since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Villa V023 · DLD and Ejari recordsUpdated 1 January 2018
Last soldAED 8.35M17 May 2015
Current rentAED 620K /yr1 January 2018
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for V023, Polo Homes

What is V023 worth today?

Last sold for AED 8,345,888 in 2015

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1 Jan 2018RentedRenewal
AED 620,000/yr12 months · AED 76 per sqft
1 Jan 2017RentedNew contract
AED 620,000/yr12 months · AED 76 per sqft
17 May 2015Sold by developerReady
AED 8,345,888AED 1,023 per sqft

Source: Dubai Land Department. Updated 1 January 2018.

Key facts

Type
6-bed villa
Size
8,152 sqft
Developer
Emaar
Completed
2011
Service charge
AED 8,600 /yr
Last sold
AED 8.35M · May 2015
Community
Polo Homes

About V023, Polo Homes

V023 is a six-bedroom villa of 8,152 sqft in Polo Homes, a villa community in Arabian Ranches completed in 2011 by Emaar. The developer sold it on 17 May 2015 for AED 8,345,888, or AED 1,023 per sqft, 24% above the AED 823 six-beds in the community were fetching at the time.

It has been rented since 2017 on 2 Ejari contracts. The current contract, renewed on 1 January 2018, is AED 620,000 a year: a gross yield of 7.4% on the 2015 price, before the service charge of about AED 8,600 a year.

Sales and rents for V023 over time

Sales
Villa V023, each saleTypical six-bed in Polo Homes
20M2011201520192023Typical sale price by year: 2011 AED 8,250,000; 2012 AED 9,602,644; 2013 AED 10,669,888; 2014 AED 8,375,000; 2015 AED 7,843,320; 2016 AED 9,514,444; 2017 AED 8,142,444; 2020 AED 8,812,444; 2022 AED 15,030,000; 2023 AED 19,450,000; 2024 AED 23,562,500; 2025 AED 32,625,000Sold by developer, May 2015: AED 8,345,888 (AED 1,023 per sqft)

V023 has sold once; the dashed line is the six-bed median of each year in the community.

Rents
Villa V023, each contractTypical six-bed in Polo Homes
500K1M2015201820212024Typical rent by year: 2015 AED 750,000; 2016 AED 700,000; 2017 AED 710,000; 2018 AED 585,000; 2019 AED 563,750; 2020 AED 612,500; 2021 AED 600,000; 2022 AED 1,300,000; 2023 AED 1,050,000; 2024 AED 1,150,500; 2025 AED 1,300,000New contract, January 2017: AED 620,000 a yearRenewal, January 2018: AED 620,000 a year

Annual rent on each registered contract; the dashed line is the six-bed median of each year in the community.

6-beds in Polo Homes, and where V023 sits

All 50 6-beds →

V023 last sold in May 2015 at AED 1,023 per sqft, 24% above what six-beds in Polo Homes were fetching at the time (AED 823).

Recent 6-bed salesVilla no.Price (AED)Summary
10 Nov 202530,750,000
18 Jul 202520,500,000
1 May 202536,700,000
14 Mar 202534,500,000
0 6-bed sales in the last 12 months

Polo Homes

Community

69 villas, 5-bed to 7-bed in Arabian Ranches, completed in 2011 by Emaar. No sale in the last 12 months.

Typical price per sqft
Few sales
Typical sale
Few sales
Typical rent
AED 850K /yr
Typical yield
Polo Homes, Arabian Ranches: prices, sales and rents →

V023, Polo Homes in numbers

  • Sold once: by Emaar on 17 May 2015 for AED 8,345,888, or AED 1,023 per sqft.
  • Rented since January 2017 on 2 Ejari contracts, at AED 620,000 a year.
  • At AED 620,000 a year the gross yield on the 2015 price is 7.4%, before a service charge of about AED 8,600 a year (AED 1.05 per sqft).

Source: Dubai Land Department. Updated 1 January 2018.

Questions about V023, Polo Homes

What did villa V023 last sell for?

AED 8,345,888 on 17 May 2015, sold by the developer: AED 1,023 per sqft for 8,152 sqft. It is the only registered sale of the villa.

What is the rent for villa V023?

AED 620,000 a year on the contract renewed on 1 January 2018. The previous contract, from January 2017, was AED 620,000.

How big is villa V023?

8,152 sqft (757.3 sqm): a six-bedroom villa in Polo Homes, completed in 2011.

What is villa V023 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 V023, Polo Homes

Starts from the last sale price (AED 8.35M, 17 May 2015). Switch to today's estimate once you have unlocked it.
Price
AED 8,345,888
Deposit, UAE resident (20%)
AED 1,669,178
Deposit, non-resident (40%)
AED 3,338,355
Monthly over 25 years at 3.7%
AED 34,146

Plus AED 355,538 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →