MAG Polo Residence Meydan MBR City Dubai

Polo Residence is a completed, gated community of 29 low-rise buildings of five floors each on Meydan Avenue in Nad Al Sheba, inside Mohammed Bin Rashid City. It holds 1, 2, 3 and 4 bedroom apartments and was built by MAG Group through its subsidiary IGO Property Development — construction started in October 2014 and finished in March 2017. Every purchase today is a resale, and the lowest ask we found is AED 950,000 (about Rs 2.45 crore) for a 1 BHK of 906 sq ft.

Because the community is nine years old, the useful numbers are transacted ones, not a price list. The Land Department's 12-month record shows 1 BHK sales in Polo Residence C7 averaging AED 1,407,500, community transactions sit near AED 1,523 per sq ft, and listings ask nearer AED 2,100 to 2,200. That gap is where a buyer saves money or overpays, so this page sets asks, transactions and running costs side by side.

At a glance

Price and unit pricing

There is no single price in a nine-year-old community of 29 buildings. Below is every figure on record, at AED 1 = Rs 25.75. Bayut also puts the 1 BHK average ask in C7 at AED 1,500,000 and E3's sales average at AED 2,133,333.

Two readings matter. The AED 950,000 ask is a single broker listing at about AED 1,048 per sq ft — a third under the community's transacted rate — so it is either a keen seller or a unit with something worth finding out. And listings at AED 2,100 to 2,200 per sq ft sit some 40% above propsearch's transacted AED 1,523, the normal gap between what owners want and what buyers pay. The Land Department's transacted record for your building settles your number, and any broker can pull it.

One figure to ignore: an aggregator still shows the project "from AED 345,000", which no transaction on record supports. Treat AED 950,000 as the floor you can see and the C7 average of AED 1,407,500 as the realistic price of a 1 BHK.

What it costs to buy now

There is no developer plan and no construction schedule. You agree a price with the owner and pay on transfer at a DLD registration trustee.

Then the annual cost. No source prints this community's service charge; premium MBR City apartment buildings run roughly AED 12 to 20 per sq ft a year — about AED 10,900 to 18,100 on 906 sq ft. Ask the seller for the last two invoices, which also show whether the community is well run. UAE banks normally lend up to 75% of value to a non-resident buyer on a completed home, and a mortgage adds a DLD mortgage registration fee of 0.25% of the loan. The UAE charges no annual property tax and a residential sale does not attract VAT.

Location and connectivity

The community sits on Meydan Avenue in Nad Al Sheba, with Meydan Racecourse and the Meydan Hotel as neighbours and Al Khail Road as the artery. Bayut's MBR City guide puts Downtown Dubai at 10 to 15 minutes by car, DXB at about 20 minutes and DWC at about 40. Dubai Design District and Business Bay border the district, and the Nad Al Sheba cycle track is across the road.

There is no Dubai Metro station inside MBR City, so this is a car-first address, but the location is the strongest part of the case: for the price of a small apartment in a newer tower further out you get a five-floor gated community minutes from Downtown. One caution — the source listing files the project under Nad Al Sheba 3 while every other source places Polo Residence in Nad Al Sheba 1 off Meydan Avenue. Confirm the plot and building number on the title deed before transfer.

For what the same district costs at the other end of the market, read District One West Phase 2, where Nakheel's 4 bedroom villa starts at AED 12 M, and Senses at the Fields, a ready townhouse cluster from about AED 3.2 M. For everything else see all Dubai projects we track and the projects list.

Amenities and specifications

Low-rise buildings of five floors in a gated setting, quoted with contemporary finishes, covered resident parking, free visitor parking, fitness facilities and 24-hour security. Layouts run from 1 to 4 bedrooms, and one 1 BHK listing prints 906 sq ft. Buildings are lettered — B5, C3, C6, C7, D1, E1 and E3 appear in listings — and asks differ between them.

No appliance schedule or service-charge rate appears in the sources. On a 2017 building the specification that matters is what you can inspect: the air-conditioning, the common areas, the pool and gym, and the lifts. Nine-year-old chillers and lifts are a genuine question, and the service-charge history shows whether the owners' funds have kept up.

About the developer

MAG Property Development is the property arm of MAG Group Holding, a UAE conglomerate with roughly four decades across contracting, engineering and trading. The property division was set up in 2003 and its own pages put the delivered portfolio above USD 5 billion across 14 or more completed projects — MAG 5 Boulevard, MAG 318, MAG 230, MAG 330, The MBL, MAG EYE and this community. Polo Residence came through MAG's subsidiary IGO Property Development, which is why Metropolitan credits IGO while MAG's portfolio lists it; both are correct.

MAG's current focus is the Keturah brand: Keturah Resort and Keturah Reserve in MBR City District 7 together accounted for AED 5.3 billion of the group's AED 7.3 billion of 2024 sales. None of that changes what you are buying here. For a nine-year-old completed community the developer question is already answered: MAG built it, it finished in March 2017 and it has been lived in since.

For Indian buyers

Meydan and MBR City are freehold, so an Indian passport holder can own an apartment outright in their own name, with the Land Department issuing the title deed at transfer. No residency requirement, no local partner. The UAE levies no annual property tax and a residential sale does not attract VAT, so the recurring costs are the service charge, utilities and management if you let it.

This is the one price point in MBR City that fits inside the Reserve Bank of India's Liberalised Remittance Scheme: at USD 250,000 per resident per financial year, a AED 950,000 apartment (about USD 259,000) is roughly one person's allowance, and a AED 1.41 M unit is about USD 383,000, which a couple can fund in a single year. That makes it a realistic first Dubai purchase rather than a multi-year exercise.

On returns, we will not print a yield, because no source we checked publishes an average rent for the community. What the sources give is the sales side: transactions near AED 1,523 per sq ft against listings at AED 2,100 to 2,200. Ask a broker for the last four tenancy contracts in your building, work the yield off those and subtract the service charge. Rent earned in Dubai is taxable in India for a resident owner, so keep the contracts and the remittance trail. A 1 BHK at AED 950,000 is below the AED 2 M Golden Visa threshold; a larger unit at the AED 2,269,071 average clears it.

Pros

• Completed in March 2017 and occupied — you can inspect the unit and the management before buying
• The cheapest entry in this MBR City set: an ask of AED 950,000 for a 906 sq ft 1 BHK
• About AED 1,048 per sq ft on that ask, against transactions near AED 1,523 per sq ft
• Low-rise living — five floors, 29 buildings, gated, with parking, gym and security
• A deep resale and rental market inside one community, so price discovery is easy
• Meydan Racecourse next door and Downtown Dubai 10 to 15 minutes away
• MAG Group has delivered 14 or more projects since 2003; this one has stood nine years

Cons

• Prices on record span AED 950,000 to more than AED 2.2 M in one community, so the building matters more than the address
• No source prints an average rent, so no honest yield figure can be given for the community
• No source prints the service charge; MBR City apartments run roughly AED 12 to 20 per sq ft a year
• The 1 BHK entry at AED 950,000 is below the AED 2 M Golden Visa threshold
• One aggregator still shows "from AED 345,000", which no transaction supports — stale data is common here
• The source listing says Nad Al Sheba 3 while other sources say Nad Al Sheba 1; confirm the plot
• A 2017 building competes with newer Meydan stock, and nine-year-old chillers and lifts are a real question

Who this is for

• Buyers who want a ready, low-rise apartment in MBR City at the district's lowest entry
• Investors who want rent from day one and will verify the tenancy first
• End users who prefer a gated five-floor community to a high-rise tower
• Buyers who will inspect the specific building rather than buy the community name

Who should look elsewhere

• Anyone who needs the AED 2 M Golden Visa threshold from a 1 BHK purchase
• Buyers who want a new-build finish and a developer warranty
• Buyers who want a payment plan; this is a resale market paid on transfer or financed
• Anyone unwilling to read the service-charge invoices and the building's maintenance record

Our verdict

This is the value entry to Mohammed Bin Rashid City and the only nine-year-old product in this set. A gated community of 29 five-floor buildings beside Meydan Racecourse, minutes from Downtown, at an ask as low as AED 950,000 for a 906 sq ft 1 BHK, is a more practical purchase for most buyers than the villa launches around it.

The catch is that Polo Residence is not one price. Asks run from AED 950,000 to more than AED 2.2 M, the Land Department's 12-month average for a 1 BHK in one building is AED 1,407,500, and transactions near AED 1,523 per sq ft sit well under listings at AED 2,100 to 2,200. Settle two things before you offer: which of the 29 buildings the unit is in, and what the service charge and maintenance history look like. The yield we cannot give you, because no source prints an average rent for the community, and saying so is more useful than inventing one.

Run this project's numbers yourself. The calculator opens on the price and unit size above; change the currency, the rent or the mortgage and it recalculates the fees, the cash you need on day one and the net rent.

FAQs

What does an apartment in MAG Polo Residence cost?

It is a resale market, so the answer is a range. The lowest ask we found is AED 950,000 (about Rs 2.45 crore) for a 906 sq ft 1 BHK. The Land Department's 12-month record has 1 BHK sales in Polo Residence C7 averaging AED 1,407,500, Bayut's 1 BHK average ask in that building is AED 1,500,000, and the community average ask across all sizes is AED 2,269,071.

Is it ready to move in?

Yes. Construction began in October 2014 and the community was completed in March 2017. It has been occupied since, and units trade on the resale and rental market building by building.

Who built it — MAG or IGO?

Both names are correct. Polo Residence is a MAG Group project delivered through its subsidiary IGO Property Development, which is why Metropolitan credits IGO while MAG's own portfolio pages list it. MAG Property Development's own record runs to 14 or more completed projects since 2003.

What is the payment process on a resale?

There is no developer plan. You agree a price with the owner, pay on transfer at a DLD registration trustee, and add the 4% DLD transfer fee, the trustee's fee and any agency commission, typically 2%. On AED 950,000 that is AED 38,000 of transfer fee and about AED 19,000 of commission. A UAE mortgage adds a DLD mortgage registration fee of 0.25% of the loan.

What rental yield does it return?

None of the sources we checked prints an average rent for this community, so we will not print a yield. What is on record is the sales side: transactions near AED 1,523 per sq ft and listings nearer AED 2,100 to 2,200 per sq ft. Ask a broker for the last four tenancy contracts in your building, and work the yield off those.

What are the service charges?

No source prints a rate for this community. Premium MBR City apartment buildings run roughly AED 12 to 20 per sq ft a year, which on a 906 sq ft flat is about AED 10,900 to 18,100. On a completed building you can get the real number: ask the seller for the last two invoices.

Does a purchase here qualify for a Golden Visa?

Only above AED 2 M of property value. A 1 BHK at AED 950,000 does not qualify on its own; the community's average ask of AED 2,269,071 across larger layouts does, and so would two units held together in the same name. Confirm current rules with the DLD before you buy for that reason.

Can a foreign national buy here?

Yes. Meydan and MBR City are freehold and open to every nationality, with no residency requirement and no local partner, and the Land Department issues the title deed in your own name at transfer. The UAE charges no annual property tax and a residential sale does not attract VAT.

Why do different sources give such different prices?

Because the community is 29 buildings of mixed sizes traded by private owners, and because some pages have not been updated in years — one aggregator still shows the project "from AED 345,000", which no transaction on record supports. Use the Land Department's transacted figures for your building and layout, not a project page's headline.

For the transacted record in your building and a viewing, talk to Realty Hunting.

Compare with other Dubai projects

More by MAG: MBL Residence (from AED 935,000, ready), MAG 330 (City of Arabia) (from AED 850,000, off-plan) and MAG 318 (from AED 1,100,000, ready).

A similar budget elsewhere in Dubai: Samana Avenue (from AED 955,576, handover 2026), Azizi Gardens (from AED 940,000, ready) and Exotica (from AED 966.2 K, handover 2026).

Read next: Dubai Rental Yields by Area, Gross and Net · Resale Property in Dubai: Costs, Checks and When It Beats Off-Plan · Property in Dubai Under AED 1 Million: What It Buys. Every Dubai project we track is listed on the Dubai section.