404, The Polo Residences C3
Sold prices and rental history: sold twice, last in November 2020, and rented since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 404, The Polo Residences C3
What is 404 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 5 November 2020.
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 39,100 /yr
- Last sold
- AED 713K · November 2020
- Building
- The Polo Residences C3
About 404, The Polo Residences C3
404 is a two-bedroom apartment of 2,219 sqft on the 4th floor of The Polo Residences C3, a 4-storey tower in Meydan City completed in 2017 by IGO Property Development. It last sold on 5 November 2020 for AED 712,500, or AED 321 per sqft, 58% below the AED 769 two-beds in the building were fetching at the time.
It has been rented since 2018 on 2 Ejari contracts. The current contract, signed on 15 June 2019, is AED 120,000 a year: a gross yield of 16.8% on the 2020 price, before the service charge of about AED 39,100 a year.
Sales and rents for 404 over time
404 has sold once; the dashed line is the two-bed median of each year in the building.
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 C3, and where 404 sits
All 15 2-beds →404 last sold in November 2020 at AED 321 per sqft, 58% below what two-beds in The Polo Residences C3 were fetching at the time (AED 769).
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 5 Jun 20235 June 2023 | 1,535 sqft | 1,850,000 | 1,205 | ||
| 25 Apr 202325 April 2023 | 1,535 sqft | 1,605,000 | 1,045 | ||
| 30 Mar 202330 March 2023 | 1,494 sqft | 1,650,000 | 1,104 | ||
| 22 Mar 202222 March 2022 | 1,535 sqft | 1,550,000 | 1,010 |
The Polo Residences C3
Building31 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 56
- Typical sale
- AED 46K
- Typical rent
- AED 85K /yr
- Typical yield
- 183.8%
Other units on the 4th floor
All 31 units in The Polo Residences C3404, The Polo Residences C3 in numbers
- Sold twice: first on 18 October 2014 for AED 2,311,212, last on 5 November 2020 for AED 712,500 (AED 321 per sqft).
- Rented since June 2018 on 2 Ejari contracts, from AED 145,000 to AED 120,000 a year.
- At AED 120,000 a year the gross yield on the 2020 price is 16.8%, before a service charge of about AED 39,100 a year (AED 17.63 per sqft).
Source: YallaValue analysis of Dubai Land Department records. Updated 5 November 2020.
Questions about 404, The Polo Residences C3
What did unit 404 last sell for?
AED 712,500 on 5 November 2020: AED 321 per sqft for 2,219 sqft. The unit has 2 registered sales; the first was AED 2,311,212 in October 2014.
What is the rent for unit 404?
AED 120,000 a year on the contract signed on 15 June 2019. The previous contract, from June 2018, was AED 145,000.
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 C3
Starts from the last sale price (AED 713K, 5 November 2020). Switch to today's estimate once you have unlocked it.- Price
- AED 712,500
- Deposit, UAE resident (20%)
- AED 142,500
- Deposit, non-resident (40%)
- AED 285,000
- Monthly over 25 years at 3.7%
- AED 2,915
Plus AED 34,935 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →