2-Bedroom Plus Maid's Room in The Polo Residence, Meydan, AED 150,000 Below Agent-Stated Market Value

Property Overview

A vacant 2-bedroom plus maid's room apartment in The Polo Residence, Meydan, Dubai. The built-up area is 1,533 square feet. The asking price is AED 2,350,000 net, which the agent states is AED 150,000 below a market value of AED 2,500,000, a discount of 6.0%. This is a ready property in a completed gated community.

Property Highlights

• Type: 2-bedroom apartment plus maid's room
• Built-up area: 1,533 sq ft
• Occupancy: vacant
• Asking price: AED 2,350,000 (net to seller)
• Price per square foot: AED 1,533
• Agent-stated market value: AED 2,500,000
• Status: ready (completed 2017)

Why the Price Qualifies as Below Market

The selling agent states that comparable units in The Polo Residence are valued at approximately AED 2,500,000. The asking price of AED 2,350,000 is AED 150,000 lower, representing a 6.0% discount. This qualifies the listing as a Below Market distress deal on DistressPropertyFinder.com.

The AED 2,500,000 market benchmark is the agent's own assessment and has not been independently verified against dated DLD transaction data or a formal valuation report. Buyers should conduct their own comparable analysis using recent transaction records to validate this benchmark before relying on the stated discount.

Net Price and Transaction Costs

The asking price of AED 2,350,000 is stated as net, meaning this is the amount the seller expects to receive. In Dubai, the buyer typically bears the following additional costs on top of a net price: agency commission (usually 2% of the purchase price plus 5% VAT on the commission), DLD transfer fee (4% of the purchase price), DLD admin fee (approximately AED 580), and any applicable mortgage registration fees. Buyers should factor these costs into their total acquisition budget.

About The Polo Residence

The Polo Residence is a gated residential community in Meydan, Dubai comprising 29 low-rise buildings of four to five storeys. The development contains approximately 899 residential units in one-, two-, three- and four-bedroom configurations, including penthouses. It was developed by MAG Group through its subsidiary IGO Property Development (Invest Group Overseas). Construction began in October 2014 and the project was completed by 2017.

The community is set within landscaped green spaces and offers a range of amenities including a swimming pool, gymnasium, community clubhouse, spa, health club, jogging and cycling tracks, children's play area and retail outlets. The gated layout provides controlled access and a quieter residential environment.

About MAG Group

MAG Group is a UAE-based conglomerate with interests in real estate development, property management and other sectors. Its real estate arm has developed residential communities across Dubai including The Polo Residence in Meydan, MAG 330, and more recently Keturah Reserve and The Ritz-Carlton Residences in partnership with international brands. The development subsidiary operated under the name IGO Property Development (Invest Group Overseas) during The Polo Residence's construction.

About Meydan

Meydan is a mixed-use district within Mohammed Bin Rashid City (MBR City), Dubai, spanning approximately 1.4 square miles. The area is anchored by the Meydan Racecourse, an 80,000-seat venue that hosts the annual Dubai World Cup, one of the world's most prestigious horse racing events. The district also features the Meydan Hotel, a 9-hole golf course and a horse racing museum. Meydan is connected to Sheikh Zayed Road and is near Business Bay, providing access to central Dubai.

Verification Notes

The asking price, bedroom count plus maid's room, built-up area, vacant status and net pricing basis are sourced from the agent brief received on 26 August 2026. The market benchmark of AED 2,500,000 is the agent's own assessment and has not been independently verified against dated DLD transactions or an independent valuation. The savings amount (AED 150,000) and savings percentage (6.0%) are calculated by DistressPropertyFinder.com based on the agent-stated market value. Building completion date, structure, unit count and amenities have been checked against published building guides. Buyers should verify the market benchmark independently, confirm whether the net price excludes agency commission and factor in all transaction costs including DLD fees before proceeding.