402, The Polo Residences C5
Sold prices and rental history: sold twice, last in June 2024, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 402, The Polo Residences C5
What is 402 worth today?
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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
- Developer
- IGO Property Development
- Completed
- 2017
- Service charge
- AED 38,200 /yr
- Last sold
- AED 2.6M · June 2024
- Building
- The Polo Residences C5
About 402, The Polo Residences C5
402 is a two-bedroom apartment of 2,635 sqft on the 4th floor of The Polo Residences C5, a 4-storey tower in Meydan City completed in 2017 by IGO Property Development. It last sold on 5 June 2024 for AED 2,600,000, or AED 986 per sqft, 24% below the AED 1,301 two-beds in the building were fetching at the time.
It has been rented continuously since 2018 on 5 Ejari contracts. The current contract, renewed on 15 April 2023, is AED 61,425 a year: a gross yield of 2.4% on the 2024 price, before the service charge of about AED 38,200 a year.
Sales and rents for 402 over time
402 has sold twice; 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 C5, and where 402 sits
All 14 2-beds →402 last sold in June 2024 at AED 986 per sqft, 24% below what two-beds in The Polo Residences C5 were fetching at the time (AED 1,301).
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 4 Jun 20244 June 2024 | 1,535 sqft | 2,193,240 | 1,429 | ||
| 10 May 202410 May 2024 | 1,534 sqft | 1,944,320 | 1,267 | ||
| 25 Apr 202425 April 2024 | 1,534 sqft | 2,164,000 | 1,410 | ||
| 15 Apr 202415 April 2024 | 1,534 sqft | 2,193,240 | 1,429 |
The Polo Residences C5
Building31 apartments, 1-bed to 2-bed over 4 floors in Meydan City, completed in 2017 by IGO Property Development. No sale in the last 12 months.
- Typical price per sqft
- Few sales
- Typical sale
- Few sales
- Typical rent
- AED 97K /yr
- Typical yield
Other units on the 4th floor
All 31 units in The Polo Residences C5402, The Polo Residences C5 in numbers
- Sold twice: first on 9 March 2017 for AED 2,482,407, last on 5 June 2024 for AED 2,600,000 (AED 986 per sqft).
- Rented since June 2018 on 5 Ejari contracts, from AED 125,000 to AED 61,425 a year.
- At AED 61,425 a year the gross yield on the 2024 price is 2.4%, before a service charge of about AED 38,200 a year (AED 14.49 per sqft).
Source: Dubai Land Department. Updated 5 June 2024.
Questions about 402, The Polo Residences C5
What did unit 402 last sell for?
AED 2,600,000 on 5 June 2024: AED 986 per sqft for 2,635 sqft. The unit has 2 registered sales; the first was AED 2,482,407 in March 2017.
What is the rent for unit 402?
AED 61,425 a year on the contract renewed on 15 April 2023. The previous contract, from September 2021, was AED 117,000; the unit has been rented since June 2018.
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.
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Mortgage on 402, The Polo Residences C5
Starts from the last sale price (AED 2.6M, 5 June 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 2,600,000
- Deposit, UAE resident (20%)
- AED 520,000
- Deposit, non-resident (40%)
- AED 1,040,000
- Monthly over 25 years at 3.7%
- AED 10,637
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →