3-bed · 2,031 sqftThe Polo Residences B1, Meydan City · 3rd floor · completed 2017

304, The Polo Residences B1

Sold prices and rental history: sold twice, last in August 2022, and rented once, from November 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 304 · DLD and Ejari recordsUpdated 23 August 2022
Last soldAED 2.55M23 August 2022
Current rentAED 105K /yr1 November 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 304, The Polo Residences B1

What is 304 worth today?

Last sold for AED 2,550,000 in 2022

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23 Aug 2022SoldReady
AED 2,550,000AED 1,255 per sqft
1 Nov 2020RentedNew contract
AED 105,000/yr24 months · AED 52 per sqft
5 Jun 2017Sold by developerOff-plan
AED 2,489,092AED 1,225 per sqft

Source: Dubai Land Department. Updated 23 August 2022.

Key facts

Type
3-bed apartment
Size
2,031 sqft
Floor
3rd of 4
Parking
G-26,G-27
Developer
IGO Property Development
Completed
2017
Service charge
AED 35,600 /yr
Last sold
AED 2.55M · August 2022

About 304, The Polo Residences B1

304 is a three-bedroom apartment of 2,031 sqft on the 3rd floor of The Polo Residences B1, a 4-storey tower in Meydan City completed in 2017 by IGO Property Development. It last sold on 23 August 2022 for AED 2,550,000, or AED 1,255 per sqft.

One Ejari contract is registered, from 1 November 2020. The current contract, signed on 1 November 2020, is AED 105,000 a year: a gross yield of 4.1% on the 2022 price, before the service charge of about AED 35,600 a year.

Sales and rents for 304 over time

Sales
Unit 304, each saleTypical three-bed in The Polo Residences B1
2.5M2.75M2014201720202023Typical sale price by year: 2014 AED 2,500,000; 2016 AED 2,430,000; 2017 AED 2,355,731; 2024 AED 2,800,000Sold by developer, June 2017: AED 2,489,092 (AED 1,225 per sqft)Sold, August 2022: AED 2,550,000 (AED 1,255 per sqft)

304 has sold twice; the dashed line is the three-bed median of each year in the building.

Rents
Unit 304, each contractTypical three-bed in The Polo Residences B1
100K150K200K2017202020232026Typical rent by year: 2017 AED 150,000; 2018 AED 150,000; 2019 AED 137,500; 2020 AED 110,000; 2021 AED 115,000; 2022 AED 150,000; 2023 AED 151,875; 2024 AED 157,500; 2025 AED 190,000New contract, November 2020: AED 105,000 a year

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

3-beds in The Polo Residences B1, and where 304 sits

All 16 3-beds →

Over the last 12 months three-beds sold for AED 3,450,000, around AED 1,739 per sqft, and rent for AED 170,000 to 190,000 a year.

Recent 3-bed salesUnit no.Price (AED)Summary
17 Mar 20263,450,000
26 Dec 20242,000,000
4 Dec 20242,800,000
10 Oct 20243,200,000
1 3-bed sale in the last 12 months

The Polo Residences B1

Building

18 apartments, 3-bed to 4-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 1,739
Typical sale
AED 3.45M
Typical rent
AED 180K /yr
Typical yield
5.3%
The Polo Residences B1, Meydan City: prices, sales and rents →

Other units on the 3rd floor

All 18 units in The Polo Residences B1
Value
3013-bedAED 2.43M · Jul 2016
3023-bedAED 2.5M · Mar 2022
3033-bedAED 2.8M · Dec 2024
3053-bedAED 3.45M · Mar 2026

304, The Polo Residences B1 in numbers

  • Sold twice: first on 5 June 2017 for AED 2,489,092, last on 23 August 2022 for AED 2,550,000 (AED 1,255 per sqft).
  • Rented since November 2020 on one Ejari contract, at AED 105,000 a year.
  • At AED 105,000 a year the gross yield on the 2022 price is 4.1%, before a service charge of about AED 35,600 a year (AED 17.54 per sqft).
  • Three-beds in The Polo Residences B1 sold for AED 3,450,000–3,450,000 in the 12 months to November 2026; the building's median across all types is AED 1,739 per sqft.

Source: Dubai Land Department. Updated 23 August 2022.

Questions about 304, The Polo Residences B1

What did unit 304 last sell for?

AED 2,550,000 on 23 August 2022: AED 1,255 per sqft for 2,031 sqft. The unit has 2 registered sales; the first was AED 2,489,092 in June 2017.

What is the rent for unit 304?

AED 105,000 a year on the contract signed on 1 November 2020.

How big is unit 304?

2,031 sqft (188.7 sqm): a three-bedroom apartment on the 3rd floor of a 4-storey tower completed in 2017.

What is unit 304 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in The Polo Residences B1 sold for AED 3,450,000 to 3,450,000 in the last 12 months, around AED 1,739 per sqft.

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Mortgage on 304, The Polo Residences B1

Starts from the last sale price (AED 2.55M, 23 August 2022). Switch to today's estimate once you have unlocked it.
Price
AED 2,550,000
Deposit, UAE resident (20%)
AED 510,000
Deposit, non-resident (40%)
AED 1,020,000
Monthly over 25 years at 3.7%
AED 10,433

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →